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The offshore magic circle is the set of the largest multi-jurisdictional law firms who specialise in offshore financial centres, especially the laws of the British Overseas Territories of Bermuda, Cayman Islands, and British Virgin Islands, and the Crown dependencies of Jersey, Guernsey and The Isle of Man. The same firms are also increasingly ...
This list excludes firms with a large presence in the UK that structure their operations as a Swiss Verein. This is because these firms structurally differ from the firms listed above, especially when it comes to sharing profits. Some of these firms include DLA Piper, Baker McKenzie, Dentons, Norton Rose Fulbright and Squire Patton Boggs among ...
This is a list of the world's largest law firms based on the Global 200 Rankings. [1] Firms marked with " ... List of largest United Kingdom-based law firms by revenue;
In 2004 they merged with Cayman Islands' law firm Hunter & Hunter and with Jersey based firm, Bailhache Labesse in September 2006. [7] Appleby announced on 15 June 2008 that it was to merge with Isle of Man based Dickinson Cruickshank & Co., enabling it to become the largest offshore law firm in the world with 73 partners and 200 lawyers. [8]
Cains is a law firm based in Douglas, Isle of Man.. It was founded in 1899. It reached its largest size in 2008, just before the Great Recession, when it had more than 30 lawyers and a similar number of support and fiduciary staff in its head office in and its branch offices in London and Singapore.
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The Silver Circle is an informal term for perceived elite corporate law firms headquartered in the United Kingdom that are the main competitors for the Magic Circle in the United Kingdom. The term was coined by The Lawyer magazine in 2005 in response to the pre-existing term, Magic Circle. [ 13 ]
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax [1] and a top rate of income tax of 20%. [2] The rate of corporation tax is 0% for almost all types of income; the only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings ...