Banking and Finance
Corporate and Commercial
Commercial and Civil Litigation
Insolvency and Restructuring
Tax and Regulatory
Property and Real Estate
Shipping and Aircraft
This is an exciting time for Harneys as we continue to grow on many fronts in order to meet the evolving needs of our clients. This can be seen in our continued geographic expansion—as I write we are preparing to open our seventh office and our fourth new office in five years. It is also manifest in the development of both core practice groups and new services and teams.
Perhaps most significant among the firm’s recent developments is our expansion in Hong Kong where we have doubled our headcount over the past year. We are now the second largest offshore law firm in Hong Kong, offering high quality coverage in all key BVI and Cayman Islands transactional, restructuring and litigation practice areas.
Another key development is the growth of our global Cayman practice. Through strategic recruitment of top talent we now field a growing Cayman team which we believe reflects the very best of what Harneys stands for: commercial advice, transparent pricing and a promise to meet our clients’ timelines. Our Cayman team is winning significant mandates as a result of our ability to offer a high-quality and credible Cayman service across all of our offices at a lower cost than our larger competitors.
Meanwhile, we continue to stand apart as the only international law firm with a presence in Cyprus. Our experience, depth and international presence made Harneys the first choice law firm for high-level, timely and independent advice both during and after the 2013 banking crisis in Cyprus. We are at the forefront of advising clients on both transactional and litigious matters in Cyprus and, like our clients, see a long-term future for Cyprus as a European centre for international business.
The story of Harneys’ growth does not end here. We continue to expand our reach into Latin America where with offices in both Montevideo and Sao Paulo we are the only offshore firm with a physical presence. Our pace-setting Africa practice is leading the market, buoyed by our recent association with BLC Chamber in Mauritius.
Meanwhile Harneys Services, our corporate and fiduciary services business, continues to gain profile. We recently added New Zealand trusts to our product offering which also includes a wide range of BVI and Cayman products and services. Harneys Services is focussed on developing our profile in Asia where we have expanded our team aggressively in 2013.
Of course, the British Virgin Islands is Harneys’ home and it remains our flagship. In 2014 the jurisdiction will celebrate the 30th anniversary of the landmark International Business Companies Act. The IBC Act not only gave rise to the BVI’s finance industry but created a model which has been emulated numerous times over the past 30 years. Harneys is proud of the singular role we played in developing the IBC Act 30 years ago and we have taken this legacy forward by remaining the unquestioned leader in BVI due to our in-depth knowledge and experience, dedication to client service and steadfast commitment to the jurisdiction.
As Harneys grows to meet our clients’ needs we remain committed to the values which have distinguished the firm for more than 50 years. That is our promise of absolute quality in the work we deliver and to unparalleled responsiveness and client service.
Chairman of the Executive Committee