Some surprising findings emerge from Hemscott’s latest quarterly adviser rankings – not least the signs that the M&A upturn is not stopping bluechip advisers from targeting smaller companies.
Take Ashurst, which tops the rankings for the total number of listed clients – not a bad result for a firm so closely associated with private equity. But the performance does underline the extent to which firms like Ashurst are hunting outside of the FTSE 250 client base that is supposed to be the bedrock of their practices. The firm even tops Hemscott’s rankings for small cap/fledging clients, slightly ahead of that other well-known small company specialist, er, Slaughter and May.
