Travers Thorp Alberga
Cayman firm Travers Thorp Alberga (TTA) reported a 'stellar' year, with revenues up by 25 per cent. Qualified lawyer headcount soared to 23 from 15 the previous year. The firm now has 11 partners plus two consultants and an of-counsel who are essentially partner level.
The firm continued its expansion with the December 2013 announcement of a merger with Cayman litigation boutique Paget-Brown. Its founder, Ian Paget-Brown QC, became of-counsel at TTA.
TTA believes the niche boutique model is the future for offshore. It says it has not had to make any new IT investment as it launched with all its infrastructure based on cloud computing, thus minimising administrative costs.
The firm has two offices, in Cayman and Hong Kong, with the latter gaining another partner last year to bring the number of partners in Asia to four.
TTA is not planning any major strategic changes in 2014, preferring to consolidate. Further partner laterals are possible, as are more mergers 'where the culture fits and cost savings can result'.
The launch of a fiduciary business is not in the offing as TTA aims to avoid conflicts between lawyers and fiduciary advisers.
OverviewHarbour Place, 2nd Floor
PO Box 472
103 South Church Street
Qualified lawyers: 23