The Cayman professional services market is undergoing a period of change. We are here to help.
The Cayman professional services market is undergoing a period of change.
The Cayman professional services market is undergoing a period of change, driven by new regulations, external pressures for transparency and an ever increasing complexity of alternative investment and private wealth structures. Value for money and new initiatives are driving changes in the delivery of legal services resulting in new thinking, innovation, and a focus on infrastructure, assets and people.
Like their onshore counterparts, Cayman law firms have experienced alternative business structures with legal firms converting from partnerships into limited companies or partnerships. Expansion of single jurisdiction law firms across borders, as well as increased merger activity, has bought a greater focus on risk management and cost control to achieve desired synergies and competitive advantage.
Many professional service firms now accept that their finance functions will have to improve their game in the wake of the credit crisis. So how can your finance department be the best? The need to control costs can range from businesses looking to maximize productivity and revenue per fee earner to organizations experiencing financial stress that need to take costs out rapidly to survive.
How we can help?
We understand the ever-growing pressure for improvements in the legal sector. We help clients benefit from the challenges that change brings, both in terms of how the existing business is affected and the operational vision for the future. Our own experience of being a multi-jurisdictional organization can assist our clients with an in-depth approach to integration of cross border processes.
Our island jurisdiction network is comprised of 23 countries across the Caribbean and Europe. Within the island network, our high performing people mobilize around our clients in the legal and professional services sector using our inter-island expertise and local insights to make the complex simple and deliver informed perspectives.