22 February 2012 – The Lawyer has named Collas Crill ‘the fastest growing offshore law firm’ in its latest offshore survey, published today.
Collas Crill is placed at number 11 in the list of the 30 largest offshore law firms.
The Lawyer says: “Offshore law firms had a strong – and in some cases exceptional – 2011.
“The fastest-growing firm last year was Collas Crill, thanks to the merger between Guernsey’s Collas Day and Jersey’s Crill Canavan. Collas Day, the larger of the two, had nine partners in 2011 against Crill Canavan’s six. By the end of 2011 promotions and hires had brought that total of 15 up to 24. Combined staff headcount had also risen, from a 2010 total of 132 to 137.”
Keen to illustrate the market’s financial results, The Lawyer asked respondents to provide an estimate of revenue increases. No firm provided turnover figures, but several provided guides to growth including Collas Crill, which indicated it had had recorded ‘¬double-digit growth’.
Collas Crill managing partner Jason Romer said: “Recognition of our growth by market commentators such as The Lawyer is a key endorsement of our strategy to expand and develop in Jersey, Guernsey and internationally to provide clients with greater strength and depth of expertise across the full range of services in the Channel Islands.
“The Lawyer’s commentary notes the strategic focus of many of the bigger offshore firms last year being Asia: Collas Crill is proud to have been the first – and still the only – Channel Islands based law firm with an office in Singapore.
“Last week Collas Crill was named in the shortlist of just 5 firms up for the Chambers Europe Awards for Excellence in the offshore category. Those awards reflect notable achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service – which, reinforced by The Lawyer survey results, are all part of the Collas Crill story.”
This is the seventh edition of The Lawyer’s offshore survey. Last year Collas Day was ranked 14th and Crill Canavan joint 18th.
The jurisdictions covered are the major Caribbean jurisdictions of Bermuda, the British Virgin Islands (BVI) and the Cayman Islands, Crown Dependencies Guernsey, Jersey and the Isle of Man, and Gibraltar.
Firms are ranked by number of partners and, in the case of a tie, by the number of qualified lawyers.