Taking AIM for top ten ranking | 18 February 08

WARD Hadaway is among the top ten law firms in the country when it comes to advising AIM companies in the industrials sector, according to an industry survey.

The Newcastle-based firm is ranked ninth in a table of legal advisers to AIM businesses in the industrials sector, listed according to the market value of clients. Ward Hadaway is the North East’s sole representative in this table and is ahead of a number of London-based international law firms.

In its quarterly AIM Advisers Ranking Guide, leading business information provider Hemscott says Ward Hadaway currently advises AIM industrials sector companies with a combined worth of £416m.

David Crone, head of the plc team at Ward Hadaway, said: “AIM is a fast-growing marketplace and competition to represent clients on AIM is increasingly fierce.

“We like to think that our breadth of experience and expertise ensures that our AIM clients get a high standard of service, but it is gratifying to have independent confirmation of our national standing in that market.

“We look forward to continuing the strong relationships which we have built up with those clients and to helping them achieve their business goals.”

Over the past year, Ward Hadaway has helped a series of AIM-quoted companies with a range of different activities.

The firm advised Washington-based engineering company Tanfield Group plc on a £115m share placing and related acquisition of US platform maker Snorkel and a £12m placing and €23m related acquisition of Biocode Hycel S.A. for Immunodiagnostic Systems.

Ward Hadaway also helped Consett-based industrial glassmaker Romag with a £7m placing and China Goldmines on two share placings totalling £31m.

The firm’s corporate finance department, which includes its plc team, enjoyed a record year in 2007, chalking up 100 deals worth a total of £843m.

Hemscott provides financial information on almost all publicly listed companies in the United States, Canada, the UK and Ireland.

Its global database contains data on more than 19,500 public companies and 170,000 directors and officers.