The offshore market slowed down a notch in the first half of 2007 after the flurry of mammoth mergers that typified the past two years.

Slow and steady growth became the name of the game, with firms looking to consolidate their offerings through lateral hires, such as Conyers Dill & Pearman’s hire of Nigel Meeson QC from Quadrant Chambers to head its Cayman Islands litigation practice.

Mourant du Feu & Jeune and Ogier have, however, kept up some of the expansionary heat. Ogier is looking to join the influx of offshore law firms launching in Dubai, while Mourant made legal history when it became the first offshore firm to launch in New York in April.

This Offshore Special Report examines the latest legal developments impacting the gamut of offshore markets, from the Isle of Man to Mauritus, including continuing international criticism for allegedly aiding money laundering and tax evasion.