Slaughter and May extend their lead as FTSE customer favorites

Slaughter and May maintained its position as legal adviser to the most major listed companies in the UK, according to the latest rankings, while Linklaters edged Freshfields Bruckhaus Deringer slightly to second place.

Slaughters advises 33 FTSE 100 companies and 75 FTSE 350 companies, virtually unchanged from its May 2022 figures, according to August 2022 charts.

Linklaters, which was in second place with rival Freshfields, gained a FTSE 100 client to reach 25, while Freshfields lost one and now has 23, just ahead of fourth-placed Allen & Overy with 22.

In the FTSE 350 chart, Herbert Smith Freehills came second with 55 customers, followed by Linklaters, Allen & Overy and Freshfields.

Ranked by clients’ combined market cap, Linklaters tops the charts for the FTSE 100, FTSE 350 and all stock market clients. Herbert Smith topped the ranking for the most stock market clients overall.

None of the top 19 law firms in the stock market client table increased their client counts from May 2022.

Commenting on the ranking, Linklaters Partner James Wootton said: “We are grateful for the strong and enduring relationships we have with many of the UK’s largest FTSE companies, and the opportunity to work with so many new market entrants. It is central to our strategy around the world that we provide the best customer service in the market throughout the lifecycle of the listed company – from IPO to takeover and everything in between”

Stephen Wilkinson, global co-head of HSF, said the company was delighted to “continue to be recognized” as the “trusted advisor” to customers, adding: “These rankings are a testament to the value we add…by supporting our customers over the years and especially in the midst of difficult times.

Meanwhile, Dickson Minto continues to top the chart of law firms with the most small-cap/entry-level clients and AIM, with 50% more clients than its closest rivals HSF. He also managed to win three more FTSE 250 clients, cementing his third spot on the table.