Carey Olsen gained a net three partners last year, through four lateral hires and two internal promotions. Greg Boyd and Clinton Hempel, the name partners of British Virgin Islands (BVI) firm Hempel & Boyd, joined the firm in January 2013 and rebranded as Carey Olsen in October. The move also brought Carey Olsen a presence in South Africa, with both partners and their senior associate Alan Hughes splitting their time between the BVI and Cape Town.
Meanwhile, Ogier managing associate Michael Makridakis was hired as partner and head of Cayman litigation in September, and King & Wood Mallesons SJ Berwin senior associate Emma Russell became a partner in the firm's funds group in London. Makridakis's hire was part of the firm's push to extend its Cayman presence, following its 2012 launch there. Carey Olsen now has 11 lawyers based in Cayman: still one of the smaller players on the island but catching up.
The growth was also reflected in its financials: the firm reported turnover growth of 5.5 per cent.
Carey Olsen made slightly less investment than some of its peers in technology last year, although it did upgrade its anti-money launderings systems and implemented new management information systems.
Growth is likely to be in a similar vein to that of the past, with organic expansion planned.
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Most enter into a life-long commitment with little regard for the financial consequences of their relationship breaking down.
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