Read our article in the Cayman Financial Review Magazine, eversion
Solomon Harris has come a long way since its formation in 1998 by well-respected Caymanian lawyer, Sophia Harris. “Back then we were just two lawyers and one assistant.
Today we have six partners and thirty staff and are recognised as one of the leading Cayman Is lands law firms,” comments partner and head of corporate group, Paul Scrivener.
The firm’s initial growth was on the strength of its boutique hedge funds practice which still remains the principal area of expertise. However, today Solomon Harris is a fullservice law firm with its other principal practice areas being captive insurance, mergers and acquisitions, finance, trusts and dispute resolution/restructuring/insolvency not to mention its thriving local practice.
Scrivener comments, “Our Dispute resolution/restructuring/insolvency practice started in 2001 and the head of that group, Laura Hatfield has done a fantastic job in developing that practice from scratch, particularly, insolvency/restructuring, making it one of the most respected in the Cayman Islands.”
2011 was a particularly successful year for Solomon Harris having received no less than six service provider awards and shortlisted for two categories in the 2011 HFM Week Service Awards.
“We were particularly proud to be included in the list of the top thirty offshore law firms in a global survey conducted by The Lawyer magazine in the UK,” adds funds partner, Jonathan Fitzgibbons.
The firm also established its own corporate services arm, Solaris Corporate Services Ltd. Despite continuing poor global economic conditions in 2011, the practice experienced further growth and three new partners were appointed: in addition to Fitzgibbons, Sam Dawson (restructuring/insolvency) and Nick Reid (corporate and investment funds – Zurich). Fitzgibbons says, “The growth was largely on the strength of increased activity in the funds sector, some significant M&A transactions and a number of high profile litigation and restructuring cases.
Captive insurance work was also on the up. We have found that the start to 2012 has been equally robust which hopefully bodes well for the rest of the
year and the general economic climate”. One of the firm’s more high profile transactions in 2011 was acting for global fiduciary group, Intertrust Group Holding SA, on its acquisition of Close Bank (Cayman) Limited and Close Brothers (Cayman) Limited. The firm also acted on a number of statutory mergers, particularly in the insurance sector, and represented a major US university on its acquisition of an educational establishment in the Caribbean region.
Scrivener attributes the success of the firm to a number of factors. He says, “The dedication and commitment of all partners and staff, working as a single team, to build the firm in what has been a very competitive legal environment, has obviously been a key factor. However, other factors have been
very important too – a responsiveness to clients’ needs is one of our core principles, as is an ability to ‘think outside the box’ to help clients achieve their objectives. This approach has served us very well over the past fourteen years and hopefully will continue to do so for many years to come.”
If you would like to know more about Solomon Harris we encourage you to contact the following individuals or visit our website. www.solomonharris.com
T: +1 (345) 949 0488
T: +1 (345) 949 0488