The Legal 500

Monaco

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Editorial

Legal market overview

Banking, hospitality and leisure are key industries in Monaco, and these provide a steady stream of instructions for lawyers in the form of corporate and real estate transactions. Much of the litigation that takes place in the principality involves tax, private client matters and shipping. The importance of this last is indicated by the fact that Ince & Co is one of the few international firms to have a significant Monaco presence.

Immigration law also keeps many lawyers busy, as residency requirements are strict and Monaco holds many attractions for foreigners. The principality is home to a large number of high-net-worth individuals and wealthy immigrants often require legal advice on the relocation of assets. Trusts and estate planning constitute a large portion of the legal advice that is needed.

Most law firms are small, with only a few partners, and not all employ avocats-défenseurs, who are permitted to participate in litigation.

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