The merger between specialist professional services group, Mourant and leading Cayman law firm, Quin & Hampson is now complete.
The deal marks a significant milestone for Mourant – its first merger with a law firm – and takes place shortly after Mourant du Feu & Jeune, the group’s offshore law firm, made offshore legal history by opening an office in New York, states a press release.
‘We are delighted that the merger with Quin & Hampson is now complete. Mourant’s strategy is to build a world class legal and administration business spanning the world’s major financial centres,’ Nicola Davies, Mourant Group Chief Executive, said in the release.
‘This transaction significantly improves our competitive position in the important, offshore legal market and provides our clients around the world with a talented team to meet their growing demand for premium offshore financial structuring, legal advice and administration.’
The merger further positions Mourant as an international, specialist professional services group, with more than 900 employees across seven jurisdictions.
The integrated Cayman team, now numbering 50, will operate under the Mourant brand effective 1 October.
‘This is a positive step for both firms. Our teams have worked well together, ensuring a smooth transition to completion; and will continue to do so through to integration,’ said Charles Quin, senior partner of Quin and Hampson.
‘We are confident that the merger brings a world of new benefits and opportunities for both our clients and our employees.’
Stephen Ball, chief executive Officer of Mourant du Feu & Jeune, said, ‘The merger is very much a part of our aligned strategy for international expansion. It brings critical mass and enhanced capability to our Cayman offering. Cayman is the foundation on which we launched our legal hub in the US, where many of our Cayman clients are based – hence the opening of our legal practice in New York earlier this year.
‘We go where our clients need us and now we’re resetting our compass and looking for new opportunities’