The Clustering of Financial Services in London*

6. How important are the following types of local firms/institutions in helping your firm achieve
innovative solutions? (Please tick one response per firm/institution type.) Rate in terms of importance on a scale from 1 to 5,
where 1=not important and 5=very important; 0=not applicable.

	1	2	3	4	5	0	Tot
A pool of talented labor with relevant skills	19^-	3Γ	4F	79^	111	22^^	1078
Customers	2Γ^	38~	6α^-	69^	102	16^-	1063
Firms who help you supply your service/product	28	44	80	71	58	26	930
Other firms in the same line of activity	38	64	96	67	18	20	812
Industry associations	65	72	77	44	18	29	706
Academic institutions	98	85	55	24	10	33	579
Local government	139	63	28	16	7	51	448

About Links with Local Firms and Institutions

7. What proportion of your work comes through contacts with other firms in London?

I 86 I 0-20% I 61 I 21-40% I 66 I 41-60% ∣ 60 I 61-80% ∣ 27 ∣ 81-100%

8. Which types of firms do you have the most important inter-relationships with? (Please rank up to a
maximum of 3 with 1 indicating most important.)

56	Banking	52	Insurance	5	Maritime services	3	Management consultancy
4~	Accounting	39	Legal services	2	Advertising	19	Fund/Asset Management
2^-	Recruitment	1	Publishing	1	Market research	3	Property management
T	Printing	27	Investment banking	5	Other IT related	2	Provision of electronic information
3“	Telecoms		Other (please specify):

9. How important are each of the following reasons for having a location in close proximity to other
firms in London? (Please tick one box per reason.) Rate in terms of importance on a scale from 1 to 5, where 1=not important
and 5=very important; 0=not applicable.

	1	2	3	4	5	0	Tot
It is easier to build and maintain personal contacts	1F	TT	46^	123~	1ÔT	7"	1177
The ability to have face-to-face contact	14^	15^^	37^	108^	∏7~	12	1172
It is easier to build relationships of trust and cooperation	17	33	71	98	73	13	1053
It is easier to communicate because we have a common understanding of the business	27	33	67	108	51	17	981
We generally have complementary expertise with such firms	24	47	101	80	34	19	911
Multi-disciplinary teams can be assembled more quickly	3α^	46^	7F	8б~	4Γ"	27	890^^

CorPapers

The Clustering of Financial Services in London*

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