Lawyers Flock to Sunny Cayman...
The Cayman Islands has enjoyed considerable success over the past 40 years as it has established itself as a premier economy in the field of offshore financial services - and a key provider of offshore legal jobs.
This beautiful three-island archipelago, nestled 240 miles south of Cuba in the heart of the Caribbean Sea, once relied on fishing and turtles to keep its economy ticking over. These days life on Cayman is drastically different as both tourists and offshore job-seekers flock to its shores.
The success of the offshore financial market on Grand Cayman has been instrumental in the islands evolution and millions of pounds of investment has made the island the most developed in the Caribbean region. And the offshore industry seems to go from strength to strength irrespective of the health of other global economies. There is little sign of a slowdown in Grand Cayman's growth as increasing numbers of international firms open offices on the island.
A strong financial industry has always led to a healthy supporting legal industry and Grand Cayman hosts the headquarters of two of the largest offshore legal firms, Marples & Calder and Walkers.
Both companies recruit heavily from the UK and other Commonwealth countries, taking on a regular stream of lawyers, paralegals, legal secretaries and administrators.
There are many legal firms on Cayman (see our Key Employers page) who offer job opportunities for expats as well as companies seeking in-house counsel. Lawyers moving to the islands are usually expected to have at least three years PQE and with strong competition for the best lawyers the rewards can be substantial.
Many legal professionals move to Grand Cayman for:
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Tax-free salaries - no income, capital gains of property taxes
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Wonderful sub-tropical climate
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Higher gross salaries than London
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English is the first language
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The Cayman Islands is a British Overseas Territory
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Better work/life balance
Lawyers also have the opportunity to make partner in firms on The Cayman Islands, which isn't always the case in offshore jurisdictions. This has helped to make Grand Cayman a career destination and not just a brief career stop-off for two or three years.
Increasing numbers of onshore firms are now valuing the benefit of offshore legal experience and a move to Cayman may ultimately boost your career when, and if, you decide to return home.
Anyone considering a legal job offshore should seriously consider Grand Cayman - for the perfect legal career in the sun...
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