After negotiations that began last year, Appleby Spurling Hunter and Bailhache Labesse have decided to join forces and merge.
Appleby Spurling Hunter and Bailhache Labesse, leading offshore firms, will join business operations on the 1st of September 2006. The merger that will be created will be the only offshore provider of legal, fiduciary and administrative services with props in the 4 world's leading offshore business centres - the British Virgin Islands, Bermuda, the Cayman Islands and Jersey. Also, they are presented in the financial centres of London and Hong Kong.
Appleby has 435 employees, including around 100 lawyers (31 partner, 69 counsel or associates). Bailhache has 130 employees, including 32 lawyers (14 partners, 18 associates), so, it is the smallest participant in this merger. The combined firm will be called Appleby Hunter Bailhache and it will have about 600 employees, including 44 partners.
According to the managing partner of Appleby Peter Bubenzer, one of the main purpots of this merger for Appleby Spurling Hunter is gaining substantial European reach. Bailhache is Jersey based offshore service provider. It specializes in individual financial and corporate services, dispute resolution, trust and corporate services.
The merged group will offer benefits to new and existing clients. Due to the strength and depth of the new company across multiple jurisdictions will allow Appleby Hunter Bailhache to provide customers with access to unprejudiced offshore business knowledge and experience and talented lawyers in any location. Accordingly, the most appropriate jurisdiction and team of employees will always be able to meet requirements of firm's customers.
Both companies are already considered to be one of the leaders in their respective jurisdictions and the combined resources of the new company will allow to provide support and superior services to those customers aiming at conducting offshore business in the most crucial offshore jurisdictions.
Appleby Hunter Bailhache will concentrate on the main strengths of both companies – these are general company and corporate advice, asset finance and banking, funds and investment services, insurance, dispute resolution, telecommunications and technology, insolvency and restructuring, trusts and real estate, capital markets and financial structures. Also, the offshore legal services will include corporate administration, company accounting, trust, management services.
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