The Chambers Global directory for 2010, has acknowledged Carey Olsen's expertise through the recognition of its people. It praised Carey Olsen’s “focus on the Channel Islands” and the strength in depth across the firm’s offices in Jersey, Guernsey and London.
In total, the guide identified 17 of Carey Olsen’s lawyers as ‘leaders’ with 11 in Jersey and six in Guernsey, demonstrating the firm’s unrivalled pan-island expertise and recognising the high calibre of work on which the firm is instructed.
Alex Ohlsson, managing partner in Jersey said: “The positive endorsements and recognition of our leading lawyers at Carey Olsen is particularly valuable as they have come from clients and contemporaries and reflect the success of our core strategy of specialising in Guernsey and Jersey law.” The directory quoted one endorsement which stated that working with Carey Olsen was “like dealing with a magic circle firm outside London”.
Chambers states that in the firm’s Jersey office, “corporate and finance specialist [managing partner] Alex Ohlsson stands out as a major figure, while [deputy managing partner] Russell Clark is a key contact for trust matters in Guernsey”.
Paul Matthams, Head of Fiduciary, Jersey was recognised as a global leading individual in the international private client practice area. Carey Olsen also received recognition for its international private client work in particular for the bringing together the non-contentious and contentious sides of its trust department, which Chambers says “enables a much smoother and more rounded experience when difficulties arise in clients' investments.”
Chambers sources say that Carey Olsen stands out “as being able to deal with things commercially and give very accurate advice; they're just fantastic.”
The firm’s dispute resolution teams maintain an equal presence in Guernsey and Jersey and have acted in the most high profile cases brought before the courts in the last year, including the extremely complex Alhamrani litigation and, more recently, have advised on Guernsey’s first Hastings Bass case which is also one of the first where HMRC have intervened. Chambers’ sources are quoted as saying that “They are thorough in the preparation of arguments and balance this with a good dose of commercial acumen.”
The corporate and finance teams were also singled out, and are “looked to as leading providers of Channel Islands law” having acted on significant M&A deals including advising State Street on the acquisition of Mourant International Finance administration and the recent International Capital Group’s acquisition of a stake in CPA. The directory also notes that the firm advises on over half of the funds domiciled in Guernsey and highlights Carey Olsen’s role in acting for Resolution on its admission to the LSE.