Maples and Matheson named Ireland’s top funds practices

According to Monterey Insight, Maples advised the most Irish-serviced funds in 2022 for the 10th consecutive year, while Matheson advised on the most Irish-domiciled funds for the 12th consecutive year.

Eimear O’Dwyer, co-head of the Irish funds and investment management practice at the Maples Group, said: “We are delighted to retain our position as Ireland’s leading legal adviser to Irish-serviced funds.

“To maintain this status for 10 years running is a testament to the hard work of our exceptionally talented team and demonstrates the trust, confidence and loyalty that clients have in both the quality of our services and calibre of our lawyers.

“As the largest funds team in Ireland, advising on over 1,500 funds in the past year, we have had the privilege of supporting clients on several industry ‘firsts’ including advising on the first regulatory approval for Irish funds to obtain exposure to cryptocurrencies.”

Tara Doyle, partner and head of Matheson’s asset management and investment funds department, said: “2022 was a challenging year for the global funds industry given the significant market volatility impacting all sectors. Against that backdrop it was reassuring that the number of Irish domiciled funds established by our clients, and the market more generally, continued to grow.

“We are delighted to have retained our number one ranking for Irish domiciled funds by number of funds for the third year in a row and by AUM for the 12th year in a row.

“It was particularly pleasing to see growing interest in the Irish investment limited partnership (ILP) structure and to have acted for one third of the ILPs established to date. 2022 was also a busy year for new ESG product launches, with Ireland reinforcing its position as a leading European centre of excellence for the domicile and servicing of ESG funds.”