Conyers Dill & Pearman
Conyers Dill & Pearman had a net loss of 10 lawyers last year, dropping from 138 to 128. The firm closed two offices during the year. Moscow was the victim of a drop-off in Cypriot work as a result of the financial crisis, while two lawyers in São Paulo were relocated to other offices. Lawyer Gabriela Romano remains in Brazil.
Bermuda, where Conyers was founded, is the largest office by some distance, with nearly half of its partners and 40 per cent of its lawyers. Hong Kong and Singapore together account for another 20 per cent of the firm's lawyers and 10 partners, indicating the importance of Asia for the firm.
Indeed, a significant number of Conyers' deals are now for Chinese clients, although Bermuda law remains a key part of the firm's advice. Last year, this saw Conyers advise Mohammed al-Fayed on the sale of Fulham FC, for example.
Other highlights of the year included the firm's work for the AAR Consortium on the mammoth $55bn sale of its 50 per cent stake in the TNK-BP Group to Rosneft.
Conyers upgraded its client relationship management system last year, increasing the automation of updating contacts and identifying new contacts. The firm is also in the process of developing a proprietary system that will standardise the process of incorporating companies across the jurisdictions in which it operates, with the aim of promoting online collaboration.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
Cayman Islands Law Update: the Exempted Limited Partnership Bill and the Contracts (Rights of Third Parties) Bill
Following extensive consultation in both the public and private sectors, the Exempted Limited Partnership Bill 2014 was gazetted on 21 February 2014.
The court looked at the issue of whether a stranger to a trust, who dishonestly assists in a breach of trust, is a ‘trustee’ within the meaning of s21(1)(a) of the UK Limitation Act 1980.