Channel Islands firm Carey Olsen is broadening its reach with a Cayman Islands launch through the hire of a team from Maples and Calder.
Maples partners Jason Allison and Jarrod Farley together with associate Nick Bullmore, who will become a partner at Carey Olsen, are joining the firm to provide Cayman Islands legal advice. The firm is planning a formal office launch in Cayman in September.
Carey Olsen is one of the few large offshore firms to have not previously offered a Caribbean capability. Ogier merged with Boxalls in 2004 to become the first Channel Islands firm to move into the Caribbean, followed by Mourant Ozannes legacy firm Mourant du Feu & Jeune in 2004.
Meanwhile, Caribbean firms Appleby and Walkers have both opened offices in Jersey and Appleby expanded into Guernsey two years ago.
Dual-qualified Carey Olsen partner Andrew Boyce will provide British Virgin Islands advice to clients from Guernsey.
Carey Olsen managing partner Alex Ohlsson said the move was in response to client demand.
All three of the new partners focus on investment funds work.
Recently (23 April 2012) Irish firm Dillon Eustace said it was hiring two lawyers to launch a Cayman office, also focused on investment funds.