The law firm Solomon Harris held a cocktail function at the Marriott Beach Resort last week to celebrate its 10-year anniversary and the opening of its new office in Zurich.
Managing Partner Sophia Harris – whose maiden name Solomon also became part of the firm’s name – said she had intended from the onset for the firm’s main focus to be in the hedge fund industry.
‘We started just before the fund industry really took off in a spectacular way and today hedge funds remain approximately 70 per cent of our corporate practice,’ she said. ‘The rest, as they say, is history, and it has enabled us to take our firm to the next level with the opening of our office in Zurich.’
Partner Paul Scrivener, who has been with the firm from the beginning, said the Zurich office would be fully integrated with the Cayman office. Subject to regulatory approval, the office will officially open next month.
‘We believe it is the first offshore law firm in Switzerland and certainly the first Cayman law firm in Switzerland,’ he said.
Mrs. Harris noted the changing landscape in the Cayman legal world, where many mergers have taken place between firms in recent years.
‘We remain comfortable in the path that we have cut for ourselves and in fact it is that ability to make our own decisions that we feel is priceless,’ she said. ‘So whilst we have had our share of suitors, we remain committed to a business plan that we feel has served us well over the years and we’re proud to be a Cayman Islands law firm. But, as they say, never say never.’
Other speakers during the evening included partner Laura Hatfield, who heads up the firm’s insolvency and alternative dispute resolution department and Cayman Islands Financial Secretary Kenneth Jefferson, who congratulated Solomon Harris on its 10th year anniversary and in becoming the first Cayman Islands law firm with a presence in Switzerland.
Mrs. Harris said the firm was only as good as its employees and she thanked all of her staff, especially the ones that had been with the firm since the early years.
‘But needless to say, on behalf of all of us at Solomon Harris, our clients are important to us. You have your choice in service providers and many of you took a chance in the beginning, even before we had a track record, and stayed with us as clients,’ she said. ‘This is a relationship that we as a firm do not ever intend to take for granted.’