A new dawn – why 2014 was a bumper year for offshore law firms
With leading offshore firms reporting significant revenue increases, Neil Hodge talks to the key players about the renewed boom in corporate, finance and transactional work
Labour leader Ed Miliband rattled some sabres this month when he suggested that a new Labour government would demand that UK overseas territories be put on a ‘tax havens blacklist’ if they failed to cooperate with his drive against tax avoidance. But it’s still a good time to be one of the big offshore law firms. The fallout from the financial crisis may still be a live issue, but their strong performance is providing growth levels way ahead of many among the onshore pack: in a bumper year for the offshore big players, 2014 saw double-digit revenue growth and increased headcount. Furthermore, they are upbeat that their good fortune will continue.
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