Slaughter and May has maintained its position as the legal adviser to the largest number of major U.K.-listed companies, according to the latest rankings, while Linklaters has pulled slightly ahead of Freshfields Bruckhaus Deringer into second place.
Slaughters advises 33 FTSE 100 companies and 75 FTSE 350 companies, virtually unchanged from its numbers in May 2022, the tables to August 2022 show.
Linklaters, which had been in joint second place with arch rival Freshfields, gained one FTSE 100 client to reach 25, while Freshfields lost one and now has 23, just ahead of fourth-placed Allen & Overy on 22.
In the FTSE 350 table, Herbert Smith Freehills came second with 55 clients, followed by Linklaters, Allen & Overy and Freshfields.
Ranked by combined client market capitalisation, Linklaters topped the tables for FTSE 100, FTSE 350 and all stock market clients. Herbert Smith led the rankings for the highest number of stock market clients overall.
Not one of the leading 19 law firms in the total stock market clients table increased their number of clients compared with May 2022.
Commenting on the rankings, Linklaters corporate partner James Wootton said: “We are grateful for the strong and long-lasting relationships we have with many of the U.K.’s largest FTSE companies as well as the opportunity to work with so many newer entrants to the market. It is central to our strategy across the world that we provide the market’s leading client service across the listed corporate life cycle – from IPO to takeover and everything in between”
HSF joint global head of corporate Stephen Wilkinson said the firm was pleased to “continue to be recognised” as clients’ “trusted adviser”, adding: “These rankings speak to the value we add… in supporting our clients over the years and particularly amidst challenging times.”
Meanwhile, Dickson Minto continues to dominate the table for the law firms with the most small-cap/fledgling and AIM clients, boasting 50% more clients than its nearest rivals HSF. It also succeeded in gaining three extra FTSE 250 clients, consolidating its third place position on the table.