Keystone Law is launching in the Isle of Man this week, the firm’s latest foray outside of mainland UK.
The new firm, which effectively operates as a revenue-sharing franchising model, will advise domestic and international clients on a range of legal services including corporate and commercial, banking, finance, dispute resolution, trust, pensions, insurance and regulatory law.
It is understood Keystone is looking to roll out its new model, in which firms are supported in terms of business services such as accounts, HR, marketing and technology but not owned by Keystone, internationally over the coming years.
The core team of the new legal practice consists of a group of lawyers from Isle of Man firm Cains. They include partner Geoff Kermeen, the former head of Cains’ London office who has become the managing director of Keystone Law Isle of Man, as well as Stephen Rodd, Gillian Christian, Ben Hughes and Charlie Whipp.
In addition to Keystone’s founding Isle of Man lawyers, all of the existing UK firm’s partner-level lawyers will be made available to Isle of Man clients when they need general or specialist English law advice.
At least six of Keystone’s solicitors who specialise in aviation, real estate, employment, intellectual property and tax advice will also become part of the new Isle of Man team.
Keystone kicked off its international expansion strategy in 2013 by opening an office in Guernsey.
In 2012 the firm also revealed more extensive plans to expand in a number of countries including Australia Italy, France, Israel and South Africa.