Offshore top 30 position: 27
Isle of Man (IoM) firm Dougherty Quinn had a very strong 2011–12, with revenue up by nine per cent year on year by the financial year-end in September. It said the last quarter of 2012, which is the first quarter of its 2012–13 financial year, was extremely good, with year-on-year turnover up by 25 per cent.
All five of Dougherty Quinn’s directors, or partners, are now in the equity and its lawyer headcount dropped by one from 14 to 13 between 2011 and 2012.
The growth was driven by several significant deals and cases. Dougherty Quinn is acting for Crédit Agricole on the delivery, flagging and registration of nine container vessels being built by Hyundai Heavy Industries, and it also advised Allied Irish Bank on the restructuring and closure of two IoM banks.
While Dougherty Quinn’s focus remains on the IoM, it is conscious of the opportunities outside the jurisdiction and is keeping an eye on emerging markets in Asia and the Middle East.
5 Mount Pleasant
Isle of Man
Qualified lawyers: 13