Offshore firm splits in two

Guernsey firm Collas Day has split into two following an ongoing dispute over the future direction of the firm.

Litigation partners Mark Ferbrache and Paul Richardson have broken away to form a rival Guernsey-based firm under the name AFR Advocates.

The split leaves Collas Day, which previously had eight partners, significantly reduced.

The firm confirmed today that partners Richard Ogier, Chris Bound, Ian Kirk, Sean Cheong, Jason Green and Patrick Palmer had formed a new firm that would continue to operate under the Collas Day name. They are supported by 29 fee-earners.

Chis Bound, on-going managing partner of Collas Day, downplayed the split. He said: “We had differences of opinion about the way the former partnership should be run. It became apparent that we would do better to work independently than to continue to try reconciling opposing views.

“Most staff have chosen to remain working as Collas Day. We have three more UK qualified lawyers joining our practice groups in the next few weeks.”

In a bid to rebuild, associate Christian Hay has been promoted into the partnership and the role of head of dispute resolution.

The firm claimed it would continue to operate as usual, although its litigation practice would be more focused on dispute resolution in future. A UK qualified lawyer is understood to be joining the practice in the coming weeks.

Collas Day focuses on providing commercial, litigation, private client, property, and trust and fiduciary services advice from two offices in St Peter Port and Alderney in Guernsey.