Our
first table shows solicitors ranked by the number
of their stock market clients both fully
listed and AIM. The first five places are unchanged
from last quarter, with Slaughter & May leading
the field albeit with one client fewer this time
96 rather than 97. The only firm in the
top five to have gained a client is Eversheds,
up from 92 to 93. Herbert Smith and DLA have swapped
places, now being sixth and seventh respectively.
Making a reappearance this month is Berwin Leighton
Paisner in joint twelfth place alongside Osborne
Clarke, both with 40 clients.
The
second 'size' table shows solicitors whose clients
are making the most profit. Slaughter & May
continues to dominate, with clients showing an
aggregate pre-tax profit of £5,325.5m
a sad slump from last time when the figure was
£8,383.8m, but still nearly twice that of
Herbert Smith in second place with £2,864.9m.
Linklaters has fallen two places from second last
quarter to fourth this time. Ashurst Morris Crisp
has tumbled from eighth to eleventh. As in February,
only the clients of DLA in the bottom spot at
number thirteen, show a negative figure of -£290m,
though this is a larger deficit than the -£199.4m
February figure. Overall, profit figures are noticeably
down from three months ago.
The
first of our two 'growth' tables is concerned
with solicitors whose clients are the fastest
growing according to the average increase in pre-tax
profits. Linklaters gets the gold medal as it
did in the last quarter, though the percentage
is down sharply from 6.9% to 1.2%. Pinsents has
risen from joint number three to number two but
can only achieve a figure of 0.0%, and thereafter
everything is in red ink, from Clifford Chance
with -2% to Freshfields Bruckhuas Deringer still
bringing up the rear but with a figure of -15.3%
(-25.6% last time). The biggest fall is that made
by Hammonds from fifth to eleventh, while Clifford
Chance has climbed from ninth in February to fourth
this time. Overall the picture is slightly brighter
than in recent quarters.
Lastly
comes the table showing solicitors placed according
to the average increase in clients' earnings per
share. Here Pinsents has overtaken Herbert Smith
(up three places) and DLA (up one place) to take
the top spot with 5.1%. Fourth is Osborne Clarke,
down from number one in February, this time round
with a figure of 1.7%. Hammonds, in fifth place,
has a negative figure of -0.2% and the minus signs
run down the rest of the column to Ashurst Morris
Crisp at number thirteen (down from tenth last
quarter) with -11.9%. Clifford Chance, bringing
up the rear last time with a figure of -26%, has
climbed just one place to number twelve but with
a significant change to -8.4%. Linklaters has
fallen from number six to number ten, reflecting
the change in the figure of its clients' earnings
increase per share from 0.5% in February to -4.9%
this quarter.