Maples and Calder: Ranked # 1 in Irish Funds
Monterey Insight ("Monterey") has ranked Maples and Calder ("Maples") as the number one provider of legal services to Irish funds, in terms of total number of funds advised, as at June 2013.
Monterey is a leading independent fund industry research company that provides the only comprehensive and independent survey of service providers for all investment funds serviced in Ireland, Luxembourg, Jersey and Guernsey. The company's research covers around 25,000 investment funds within these jurisdictions.
Based on this research of the Irish market, Monterey ranked Maples first amongst its peers in terms of total number of funds advised on, as advisor to 1,171 funds, both Irish domiciled and non-domiciled.
Maples was also recognised as the outstanding market leader in the establishment of new Irish domiciled funds in Ireland. Monterey statistics showed Maples having an impressive 51% share of new business within Irish domiciled funds, advising on more new funds than all of the other Irish law firms combined during the period under review.
Led by partner and Irish Head of Investment Funds, Barry McGrath, Maples has established itself as the fastest-growing Irish funds practice over the past five years, demonstrating considerable strength in depth and expertise and advising some of the largest fund managers and institutions doing business in Ireland.
Commenting on the results, McGrath said: "Recognition by industry stalwarts, such as Monterey Insight, is a testament to our dedicated team of specialised fund lawyers and our loyal client base. As a leading provider of legal services, we are delighted that our position within the Irish funds industry has been independently confirmed."
Maples and Calder provides a full-service legal practice in Dublin and advises on all aspects of Irish investment funds, corporate, finance, litigation, insolvency and restructuring, tax, commercial property law and related specialist areas.