Call for investigation as Jersey lawyers are accused of ‘cartel’-style behaviour

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  • "Jersey’s an international finance centre" (?) ...yeah right. Other than cows and expensive estates what else have they got compared to Singapore or Hong Kong?

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  • @ Sameer

    errrr... a STEP International Finance Centre of the Year Award...?

    A top division ranking in the IMF's list of internation finance centres...?

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  • @Anonymous: STEP has its roots in Jersey, no wonder it gave Jersey Financial Center Award. As for IMF, you need to double check the rankings again to see the large gap between Singapore and Jersey.

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  • Seems pretty cheap in comparison to Magic Circle rates in London - not sure what all the fuss is about...

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  • @ Sameer: As I understood it (and as you wrote it), you were originally questioning whether Jersey was an IFC at all, hence my response.
    For what it’s worth, Jersey also features highly in the Global Financial Centres Index, and is well-placed in The Banker magazine’s IFC rankings. Jersey very obviously is an IFC, whatever your redundant view of cows and expensive estates might be (is Singapore any less an IFC because it has pink dolphins?).
    If your comment was a sneer at significance in the global markets, notwithstanding what might be said to counter that view, given that Singapore and Hong Kong respectively have populations 55 and 78 times as big as Jersey’s, it’s a rather daft comparison don’t you think?

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  • The fact that Diamond has to give a range of salaries just for partners and just for the top-tier firms, surely indicates that there is no cartel!

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