Offshore top 30 position: 12
Isle of Man (IoM) firm Cains had a solid 2012. The firm said its revenue was up by 3.5 per cent and cited a strengthening in its balance sheet as a significant development.
The performance was due to continued strong restructuring and insolvency work, and a pick-up in listing work and private equity instructions through the IoM.
Andy Davies was appointed as a new divisional director (or salaried partner-equivalent) in the firm’s accounting services arm.
This year, the firm is reorganising itself under a new holding company structure, the aim being to have a fully integrated legal and fiduciary services offering. It is also investing in IT infrastructure, including a new document management system.
Other developments on the cards include a broadening of its jurisdictions; currently it has offices in London and Singapore as well as its Manx headquarters.
Overview1 Love Lane
Qualified lawyers: 26
Partners (directors and divisional directors): 15