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IFLR1000: 'Harneys a fresh alternative to other offshore firms'

17 October 2017

The latest IFLR1000 rankings, released on 16 October 2017, reinforce Harneys’ longstanding leadership position in the BVI and its rapid ascent to a solid tier-two firm across its other jurisdictions of Cayman and Cyprus, and in Hong Kong.

Harneys BVI: Top tier across the board

Harneys BVI is ranked as market leader by IFLR for both funds and financial and corporate work. Featuring more than twice as many ranked lawyers than any other firm in the BVI, Harneys is commended as “extremely friendly and knowledgeable” with “an entrepreneurial attitude [that] makes Harneys a fresh alternative to other offshore firms”. The firm’s investment funds practice won particular praise for the subject matter expertise of its lawyers and savvy client management.  

Harneys Cayman: ‘Commercial, responsive and thorough

In Cayman, Harneys has successfully closed the gap between its legal practice and other firms and in the latest rankings cemented its position as a tier two firm for funds, corporate and finance matters.

The firm’s success is due in part to its excellent client service, which was described as: “commercial, responsive and thorough” and “consistently excellent”. The team won particular praise for its “expert specialist advice in fund finance” and for the high standard of its advice on derivatives and regulatory law.

Cyprus and Hong Kong: “Responsive, commercial and service oriented

In Hong Kong, Harneys kept its tier two ranking for funds, financial and corporate work and IFLR highlighted recent high-value mandates and recruitment. “The story of Harneys in Asia has recently been one of growth,” said IFLR.  Clients called the Asia team “responsive, commercial and service oriented”. 

Meanwhile, Harneys’ Cyprus office also kept its tier two ranking for financial and corporate work, with work highlights including high-value bond issues by Aroundtown, Camposol and Kernel. The team was described as “responsive and sensitive to deadlines”.

The latest IFLR results come as Harneys continues to receive notable recognition for the quality of its legal service and market growth. Just last month the firm was named Offshore Law Firm of the Year by Asian Legal Business and, also in September, was awarded Offshore Law Firm of the Year – Global by Hedgeweek for the second year running, in New York.   

 IFLR1000 is an annual guide to the world’s leading financial and corporate law firms that publishes rankings based on interviews with clients and market participants.