09 March 2018

Carey Olsen reaches century milestone for London Stock Exchange clients

Offshore law firm Carey Olsen now advises 100 London Stock Exchange (LSE) listed clients.

The latest edition of the Corporate Advisers Rankings Guide reveals that not only does Carey Olsen rank fourth globally for the number of companies and funds it advises on the LSE, but that its 100 clients is more than double the number of the next nearest offshore law firm.

Ben Morgan, head of Carey Olsen's corporate and finance group in Guernsey, said: "Reaching such a milestone underlines the very strong reputation Carey Olsen has forged for itself over recent years and cements our position as the go-to offshore law firm for London Stock Exchange listings. We boast one of the largest offshore corporate teams and that provides us with the necessary depth and expertise required to cater for our increasing market share."

Retaining its position of fourth from the previous quarter, Carey Olsen sits behind only onshore law firms Slaughter and May, Herbert Smith Freehills and Pinsent Masons in the rankings.

The two LSE listings which took Carey Olsen to the 100 mark were US loan specialist Marble Point Loan Financing and its admission to trading on the Specialist Fund Segment (SFS) of the LSE's Main Market, and Tufton Oceanic Assets Limited, a Guernsey registered fund, which also trades on the SFS and invests in a diversified portfolio of commercial sea-going vessels.

The Corporate Advisers Ranking Guide also confirmed that Carey Olsen has maintained its long-standing position as the leading offshore legal adviser for AIM-listed clients, advising a total of 31 clients with a combined market cap of £5.8 billion.