McCann FitzGerald has become the latest Irish firm to set up a representative office in the US, establishing a base in New York led by corporate partner Gary McSharry.
McSharry joined the firm in June last year from Arthur Cox, having been the resident partner in that firm’s New York office between 2011 and 2014.
McCann FitzGerald joins all its major rivals in New York and the move follows a number of instructions on US-Irish deals for the firm.
Those include Chiquita Brand International’s proposed $1.07bn merger with Fyffes, Aer Cap/ILFC’s $7.6bn acquisition of ILFC from AIG, and Horizon Pharma’s $660m acquisition of Vidara Therapeutics.
Managing partner Barry Devereux said economic recovery in both Ireland and the US had driven increased demand for advice in areas such as M&A, asset management, venture capital and private equity. Devereux added that opening an office in New York would enable the firm to expand the services it offered to clients.
The other large Irish firms are all present in New York. A&L Goodbody’s office has been there since the 1970s and William Fry has also been present there for some time. Matheson added to its long-standing Palo Alto office by expanding into New York in 2003.
Arthur Cox closed its New York office at the turn of the century but relaunched in 2010 and Mason Hayes & Curran opened in New York in 2011.
For more on Irish firms in the US, see our 2014 special report, The American Connection.