The Legal 500

Cayman Islands

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Editorial

Legal market overview

The offshore corporate and commercial market improved during the course of 2013, led in part by positive economic data from the US. The Cayman Islands (Cayman), increasingly important as an M&A jurisdiction, particularly benefited from the deal resurgence. Furthermore, with a renewed sense of optimism, new funds and start-ups are also upbeat again and the fund practices of offshore law firms are enjoying healthy workflows.

Significant news for Cayman's corporate and commercial legal teams included Walkers hiring Carey Olsen's former Cayman managing partner Jason Allison and David Collins returning to the firm's Cayman office after five years in the firm’s Singapore and London offices. Campbells welcomed Susan Lock as partner from Ogier; and Higgs & Johnson's former country managing partner Chris Narborough left to found CN Cayman Law.

Headline moves also affected the islands' dispute resolution groups. Christopher Harlowe joined Mourant Ozannes as partner from Speechly Bircham LLP, where he was head of corporate recovery and restructuring in London; Conyers Dill & Pearman's Paul Smith relocated to the firm's Cayman office from Bermuda; and Ogier's department head Richard de Lacy QC is dividing his time between the Cayman Islands and the British Virgin Islands (BVI). Furthermore, Harney Westwood & Riegels's former Cayman litigation head David Herbert left the firm and Marc Kish joined its London office from Maples and Calder as partner in August 2014.

Other key legal market developments included Appleby, in April 2014, becoming the first offshore law firm licensed to provide offshore legal advice in mainland China; and Ogier's management buy-out of Ogier Fiduciary Services in June 2014, the latter rebranding as Elian in September 2014.

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