LAWFUEL – Tax Law News – Offshore Legal Developments – Mourant has reinforced its new assault on the Cayman legal market by becoming the first offshore law firm to open a New York office.
The news follows hard on the heels of Mourant’s announcement last week that it is joining forces with Cayman firm Quin & Hampson.
Mourant, which celebrates its 60th anniversary in 2007, has 850 people operating from offices in seven countries.
Senior associate Simon Felton is relocating from Mourant’s London office in April. He will be Mourant’s first foreign legal consultant in New York and will be based at the firm’s existing Manhattan office which has grown to a team of 35 people since opening in March 2005. It provides third party fund administration and tax compliance services to some of the highest profile private equity funds in North America.
Stephen Ball, Chief Executive Officer of Mourant du Feu & Jeune, said:
‘This is a very significant development for the offshore legal world. New York is a vital feeder market for the Cayman Islands, and we’re very excited to be the first offshore law firm to open an office there. It will be a key element in the business development strategy for our enlarged Cayman practice, following the merger with Quin & Hampson announced on 19 February.’
The firm has ambitious plans to grow the new office along the lines of its hugely successful four-partner London office, one of the largest offshore practices in the City.