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.
Herbert Smith Freehills has advised Moorfield Real Estate Fund on the sale of its diversified real estate investment portfolio to Lone Star Real Estate Fund, represented by Allen & Overy (A&O), for £1bn.
Firm responds to demand for parallel jurisdiction capability in investment funds work
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
Several billion-dollar deals and a number of landmark cases characterised workflows for offshore firms in the third quarter of 2014
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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