23 October 2014
Carey Olsen ranked tier 1 for its corporate and funds work across the Channel Islands by IFLR1000
Carey Olsen's work in the financial and corporate and investment funds areas in Guernsey and Jersey has been recognised by the legal industry in the 2015 International Financial Law Review 1000 (IFLR1000) guide. This is on top of the firm's recent tier 1 rankings across all of its Channel Island practice areas in The UK Legal 500.
The IFLR1000 is a guide to the world’s leading financial law firms and is based on extensive independent research, which includes interviews with the featured firms, client and competitor feedback and market analysis from the past 12 months.
For the fifth consecutive year, Carey Olsen has retained its top tier position in Guernsey for both categories. Within the Investment Funds class, it is highlighted for maintaining its "impressive record of advice" to domiciled funds, where it has a 57% market share (Monterey Insight) as well as to LSE listed funds and companies, where it advises more than any other offshore law firm (Corporate Adviser Rankings 2014). Within the Financial and Corporate category, it is noted for its high level of M&A and restructuring activity over the past year.
This year also saw the firm receive another strong set of mandates in Jersey, where is has held its position at the top of the ranking tables. Client feedback singled out the “depth of experience" within each practice area and the "partner led" approach that the firm takes. Another client added, "They were always available and responsive regardless of the demanding time constraints. Their guidance was instrumental in helping to structure the deal and they provided top-quality analysis and feedback.”
Highlighted deals across the firm include advising FSN Capital Partners on the launch of FSN Capital IV, advising on the $1.2 billion LSE initial public offering (IPO) of Riverstone Energy Limited, advising Apax partners on the launch of Apax VIII and advising Morgan Stanley in relation to a Jersey expert fund and new sub-funds.
Carey Olsen's substantial work in the M&A field included advising First Names Group on the acquisition of Mercator and Anson Group on the disposal of its fund administration business to JTC Group. On the restructuring side, the firm's advice on the reorganisation of the GCP Infrastructure Fund via a Jersey scheme of arrangement was "notable for being the first time a scheme of arrangement has been used to restructure a group of regulated and unregulated funds."
The guide also champions 'Leading Lawyers' - individuals who have proved themselves to be among the best in their respective markets and who have a track record of innovative work - and 'Rising Stars', who are the 'Leading Lawyers' of the future.
Leading Lawyers at Carey Olsen in Guernsey are partners Christopher Anderson, Andrew Boyce, and Graham Hall, with senior associate Andrew Tually and associate Alex Mauger named as Rising Stars. In the Jersey office, the Leading Lawyers are partners Nicholas Crocker, Mike Jeffrey, Rob Milner, Alex Ohlsson and Alan Stevens along with senior associate James Fox.
Carey Olsen Chairman, John Kelleher, said: “Our top tier status demonstrates the high level of our commercial advice and the impeccable service that we provide to our clients across the Channel Islands.”