Leading international law firm, Maples and Calder ("Maples") has retained its position as number one legal adviser to Irish-serviced funds for the fifth consecutive year by the Monterey Insight Report 2017.

The findings in the recent report also highlight that for the eighth year in a row, Maples are acknowledged as market leaders in the establishment of new Irish domiciled funds with a 21% share of new business.

As well as being credited for the volume of funds advised on and the establishment of new funds, this year, Maples and Calder were also ranked as the number one listing sponsor for the total number of funds listed on the Irish Stock Exchange.

Peter Stapleton, Head of Investment Funds in Maples and Calder's Dublin office commented on the results: "We are delighted to be ranked as the number one legal adviser to Irish-serviced funds for the fifth year in a row. In addition to retaining this overall ranking, we continue to grow and, for the eighth year in succession, have advised on more new fund launches than any other firm. To see these incredibly positive results year-on-year is testament to the expertise and dedication of our Funds team.

He continued: "We are very grateful to all of our clients and their international advisers who have worked with us to successfully launch some of the most innovative investment fund structures from Ireland during a period of immense legal, regulatory and tax reform. At Maples, we offer our clients world-class legal and regulatory advice complemented by global registration services, listings, management company solutions and the full range of business lines at our affiliate MaplesFS, which is truly unique in the market and we look forward to further growth in 2018."

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