The new release of the Legal 500 UK, the leading industry report that grades law firms across the UK, has ranked Carey Olsen in tier one across all of its 16 practice categories in the Channel Islands, making it the only offshore law firm to have top tier status across the board.Released on 1 October, the new edition ranks Carey Olsen in tier one for all seven practice areas in Guernsey, all eight in Jersey and for its offshore London practice, sealing Carey Olsen’s position as the leading offshore law firm in the Channel Islands.New additions to tier one for the firm this year include its Jersey investment funds practice and its Guernsey employment practice. Tier one rankings have been re-confirmed for the remaining practice areas that the directory assesses, namely:
- Banking and finance in Jersey
- Commercial and banking in Guernsey
- Corporate and commercial in Jersey
- Commercial property in Guernsey
- Commercial property in Jersey
- Dispute resolution in Guernsey
- Dispute resolution in Jersey
- Employment in Jersey
- Insurance in Guernsey
- Investment funds in Guernsey
- Private client, trusts and tax in Guernsey
- Private client, trusts and tax in Jersey
- Structured finance and securitisation in Jersey
- Offshore firms in London
The publication cites a significant amount of feedback from Carey Olsen's clients across all practice categories. The range of endorsements from these individuals about the law firm's approach to servicing clients included praise for its "direct partner engagement", its ability to "fully engage with the complexity of transactions and actively seek solutions to problems" and its “clear, commercial advice".
For commercial property, the firm is credited with a “professional and concise” approach and for dispute resolution, a “superb handling of complex disputes”.
For investment funds work in Jersey and employment work in Guernsey, the two areas where the firm achieved new tier one rankings, clients endorsed the "City of London standard of service" and "detailed but easy to understand advice" respectively.
Carey Olsen chairman John Kelleher said: "Our firm has been well-represented in the Legal 500 UK for many years but to have achieved a clean sweep of first tier rankings is a real coup. We thank all of our clients for providing such outstanding feedback about our firm and our people.
“The rankings reflect our ability consistently to deliver excellent client service and, following on from our recent win as 'Offshore Law Firm of The Year' at The Lawyer Awards, re-affirm our position as a leading player in the offshore legal market whilst cementing our reputation in the Channel Islands.”Legal 500 rankings are compiled by way of a thorough and independent research process which analyses information from the firms themselves, competitors and clients.