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Overview
Guernsey firms have been grappling with a raft of new legislation: an overhaul of the funds regime, new company law, new trusts law and changes to the Guernsey tax system. The Channel Islands Stock Exchange (CISE) is based in Guernsey.
Carey Olsen - which has just moved to new offices in the financial district of St Peter Port - and Ozannes are the two dominant local firms.
Ozannes is strongest in Guernsey - where head of litigation Peter Ferbrache has recently taken over as senior partner from Roger Perrot, who will be retiring at the end of 2009 - and has a relatively new Jersey office which is fast developing a solid reputation in the marketplace of the larger island.
Carey Olsen is strong across both islands, having originally been the product of the merger of a Guernsey and a Jersey firm. Its strategy is to dominate the Channel Islands’ legal market, but not to open offices in other offshore centres, though it has a London office and has recently announced a ‘best friends’ arrangement with Maples and Calder, which has offices in the Caribbean and in Ireland.
Three leading Jersey firms have opened offices in Guernsey. Of these, by far the longest established is that of Ogier, which is focused on commercial work and is now competing on a level playing field in this arena with the Guernsey ‘Big Two’. Bedell Cristin’s Guernsey office - which has done well in captive insurance and investment funds work - and Mourant du Feu & Jeune’s Guernsey office - which is strong on trusts and has started winning work from major banks - are both relatively new and in the process of breaking into the market.
The second tier of local firms consists of the duo of Babbé - which rebranded two years ago and refocused on corporate finance and fiduciary work - and Collas Day: a ‘young, vibrant‘ firm which has recently put in place a new management structure, appointing a non-executive chair who is a former banker, and whose lawyers are increasingly spending time in London.









