Maples Group Ranked as Top Funds Legal Adviser for 7th Year Running
24 Feb 2020
Monterey Insight is a leading independent fund industry research company that provides the only comprehensive statistical analysis of service providers for all investment funds serviced in Ireland, the UK, Luxembourg, Jersey and Guernsey.
Peter Stapleton, partner and head of the Funds & Investment Management team in the Group's Dublin office commented on the results: "We are delighted to be ranked as the top law firm in Ireland for the seventh year in a row. 2019 was a challenging year for fund formations with Brexit and other macro factors causing considerable market volatility and uncertainty, so it is quite remarkable that the number of Irish-serviced funds we advised on continued to grow against that backdrop".
He continued: "As we embark on the 2020s, it is timely to reflect on the decade gone by and note that the number of Irish-serviced funds that we have advised on has increased by 122% since 2010. In addition to this, I am proud that we have significantly diversified to be not only the clear market leader on fund product innovation, advising on almost 30% of all new Irish domiciled sub-funds in 2019, but also the leading Irish practice for investment management company authorisations. In the last year alone, we assisted a large number of blue-chip clients on establishing operations in Ireland, leading to over €75 billion in AUM transitioning to Ireland. This is a huge achievement which is unsurpassed by any other firm in the Irish legal market and would simply not have been possible were it not for the very talented team of lawyers at the firm and of course, all of our clients which we are very privileged to work alongside. We look forward to working with these clients in the coming years across all of our global offices.”
This recognition further highlights the Group's reputation as a leading adviser to the global funds industry. In addition to advising on new and innovative products, the firm also acts for nine of the top 10 European Hedge Fund Managers, according to Institutional Investor's Hedge Fund 100.
Find out more about the Funds & Investment Management team here.
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24 Feb 2020