The Market

The Caribbean islands of Grand Cayman (Cayman Islands) and Tortola (British Virgin Islands) and the mid-Atlantic island of Bermuda are idyllic destinations and sophisticated offshore financial and business centres. Driven by tourism, finance and banking, these subtropical islands offer a highly attractive and exciting place to live and work as a lawyer.

The principal areas of demand in these locations are corporate finance (whether to go and continue undertaking corporate work, or a mix of corporate and funds work), banking and finance, commercial litigation and trusts. If you already have major funds experience, you will find yourself in very high demand if you interview well.

Their legal systems are based on English common law and the firms, although significantly smaller than the larger firms in the major onshore jurisdictions, nonetheless act for an impressive roster of major international financial institutions as well on behalf of the leading London and New York law firms including Magic and Silver Circle.

Hours are more regular and, on the whole, quite a bit less demanding than in the major City firms. You will find yourself undertaking a larger number of matters than at a City firm, dealing with the specific offshore aspects of the deal or transaction, rather than being involved in running the whole transaction. You will find yourself providing very specific and detailed advice on the local law aspects of what are often very complex and multi-jurisdictional matters.