Offshore firm Walkers has announced that it is re-launching a fiduciary business, three years after selling off Walkers Management Services (WMS) to trust company Intertrust.
Travers Thorp Alberga (TTA) has strengthened its corporate and funds team with the hire of former Herbert Smith partner and FourWinds Capital Management general counsel Louise Freestone.
M&A activity offshore rose to record levels in 2014, with aggregate deal value up 63 per cent compared to 2013 and deal volume at the third-highest in the last decade.
The offshore legal market has seen another year of growth, The Lawyer can reveal, with turnover rising by an average of 13.8 per cent among those firms which disclose it.
Allen & Overy (A&O) and Linklaters earned fees of approximately £10.4m for their advice on the proposed £5.6bn merger of insurance companies Aviva and Friends Life.
Debevoise & Plimpton, Skadden Arps Slate Meagher & Flom and Slaughter and May have played key advisory roles on the $4.2bn sale of insurance giant Catlin Group to XL Group.
Internationalisation remains a watchword for offshore as firms expand their offering to meet client demand.
The big five remain and Jersey still dominates, but the arrival of Viberts makes waves in BVI.
Offshore firms are thriving despite sustained media and political attacks on their domiciles’ reputation. Meanwhile, Asia’s significance is rising.
Offshore players have high hopes of Singapore but for now the work is limited, so increased competition could stymie firms’ growth
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Despite the best efforts of the legal and wider business community, the term ‘offshore’ generally still has pretty negative connotations among the general public.
A public directory of beneficial ownership would be an attack on the freedom of privacy to achieve nothing