There was a slight dip in headcount at Gibraltar firm Isolas last year, with the number of qualified lawyers dropping from 26 to 23. Partner numbers remained static, although Albert Isola moved from practising to government in July after winning a by-election. Isola was appointed as minister for financial services and gaming, taking these portfolios from former Hassans partner Gilbert Licudi QC, also a government minister.
With just two equity partners out of its eight partners, Isolas has the highest leverage ratio in the Top 30 out of those firms that disclose their equity numbers, at 1:10.5. Its partner-to-associate ratio of 1:1.9 is, in contrast, more average.
Funds and gaming remain key areas for Isolas, with Gibraltar having transposed the EU's Alternative Investment Fund Managers Directive last year.
OverviewPO Box 204
Qualified lawyers: 23