While the rapid headcount growth at Harneys over the past couple of years slowed somewhat last year, the past 12 months nevertheless saw a number of strategic moves as the firm looked to strengthen its global presence.

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While Harneys saw a gain of nine support staff last year, its fee-earner and lawyer headcounts rose more sharply in an adjustment of the firm's ratio of staff to fee-earners. Harneys added a net total of 20 fee-earners, including 16 lawyers.

However, the firm's partner headcount was unchanged at 31, although it added one female partner to bring its female partnership proportion to 32.3 per cent – the best of the larger offshore firms by some margin. The firm hired Maples and Calder associate Marc Kish as a partner in Cayman, but lost Cayman partner Jonathan Law to Campbells.

As a result, Harneys' partner to associate ratio rose from 1:1.8 in 2013 to 1:2.7 last year. Strategically the launch of a Singapore office in March last year was the biggest move. Harneys relocated global banking head Colin Riegels from Hong Kong to spearhead the office.

Although Harneys does not provide year-on-year financial information it said it had grown revenues organically by almost 60 per cent since 2010, when it opened in Cyprus through a merger with local firm Aristodemou Loizides Yiolitis.


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