Mourant has been confirmed as the leading legal advisor by assets according to Monterey's 2020 Fund Report.
The independent report, which provides a comprehensive analysis of all funds domiciled, serviced or distributed in Jersey revealed that Mourant remains the number one leading legal advisor in Jersey by assets, advising on 815 funds with an overall value of US$384.5bn.
Despite the market disruption caused by COVID-19, the Offshore Law Firm of the Year's core funds team saw an influx of new business, jointly leading Monterey's new business table with 67 new fund launches in the year to 30 June 2020, a significant increase compared to last year's new business figures:
This is a reflection of our extensive experience, technical rigour, deep resources and dedication to client service, built through many years of sustained growth and trusted relationships with our clients, who are our core focus.
Since this data has been reported the team at Mourant have received further high levels of new business. Head of Mourant's Global Funds Practice, Ben Robins, said the depth and volume of work achieved during 2020 shows the Mourant team are servicing an increasingly diverse range of asset classes and products, in an increasingly competitive market.
Ben Robins said:
"As our position in the Monterey new business table for Jersey demonstrates, a fair amount of what's kept us busy has been new fund formation work, but we're also experiencing a regular flow of down-stream investment structuring and financing work. There have been a number of highlights for our Jersey funds team during 2020, including a number of multi-billion mega fund launches, working with leading promoters and intermediaries, which has confirmed our market-leading profile for new business.
"I'm very proud of our funds team, who responded magnificently to recent challenges – they've all shown amazing resilience and positivity. The team's ability to complete smoothly a significant number of 'virtual' multi-investor fund completions is testament to their commitment to their clients, colleagues and intermediaries."
Monterey Insight is a leading independent fund industry research company that provides the only comprehensive survey of service providers for all investment funds serviced in offshore jurisdictions.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.