Cayman Islands law firms
How will Cayman fit into your firm’s offshore structure in the future?
Appleby, we pride ourselves in having an unparalleled presence in the
key offshore jurisdictions of Bermuda, the British Virgin Islands, the
Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius and the
Seychelles. We also have offices in the international financial centres
of London, Hong Kong, Zürich and Bahrain. Each jurisdiction provides its
own niche strengths and with offices in each, we can ensure that we
assist clients in selecting the most appropriate for their needs. Our
Cayman office is an integral and very significant part of our global
network and is an important element in our long term strategy.
the last 12 months we have seen our Cayman office grow significantly
whilst our competitor firms have consolidated and lost personnel. We
have taken the opportunity to recruit leading professionals from other
offshore and magic circle law firms. Globally we are focused on growing
our corporate and commercial practice group and our Cayman office
reflects this strategy, with the lateral hire of several partners from
local competitors and the recruitment of a number of associates in this
What are your expectations for Cayman as a jurisdiction?
the last ten years the offshore market has globalised with many law
firms expanding their jurisdictional capability. The offshore
marketplace is certainly changing at a fast pace but we believe that
Cayman service providers, in parallel with the government, are
responsive and well positioned to adapt to these changes.
Cayman Islands is the leader in the formation of hedge funds and at
Appleby we will continue to monitor the EU AIFM directive and the recent
Bill on US Financial Services Reform in the Senate with a view to
ascertaining any risks or opportunities that they may create. We expect
Cayman to continue to review and adapt its legislation to meet the
regulatory needs of the international marketplace.
seeing a recovery in fund formations, transactional work and private
equity work. We are also starting to see significant deals come back
into the market as new money starts to flow and banks start lending.
Some deals are certainly smaller in dollar amounts but we believe that
they will increase as investors and financial institutions become more
confident over the next twelve months. The next couple of years may be
difficult, but we believe Cayman will bounce back stronger than ever