Maples and Calder
Growth was again the watchword for Maples and Calder, which now employs more than 1,000 people across its law firm and fiduciary. The firm added a net seven partners, with retirements offsetting the promotion of seven male lawyers and two women in December 2012. There was no change in the net number of female partners, pushing the proportion of women in the partnership down from 22 per cent last year to 20 per cent.
Maples has become increasingly technology focused over the past year. Its self-developed extranet, Maples eServices, was enhanced to offer multi-jurisdictional services, and is now available for client entities domiciled around the firm's global network of offices.
Fiduciary business Maples Fund Services also invested in technology last year, developing customisable reporting dashboards that help fund services clients look at fund performance, risk and market data, among other things.
The firm introduced iPhone and iPad apps and is among the offshore firms to feature on Twitter.
Maples continues to focus its international growth in its newest locations. For its Singapore office, which opened in late 2012, 2013 was the first full year of operation. Maples has two partners there practising British Virgin Islands (BVI) and Cayman Islands law. Meanwhile, the growth of the firm's Dublin office was reflected in the establishment of an Irish desk in Cayman, where four funds lawyers provide Irish law advice to primarily US clients. Maples also hired barrister John Breslin SC to head up its Dublin advocacy group and now employs 82 lawyers in Ireland.
The firm continues to pick up instructions on some of the offshore world's biggest deals, including Kohlberg Kravis Roberts' (KKR's) July 2013 launch of the biggest pan-Asian private equity fund ever. With a final closing of $6bn (£3.7bn), the KKR Asian Fund II will invest in local industries that take advantage of a rise in domestic consumption in the region. Maples advised KKR on Cayman law over the formation and launch of the fund.
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