Harneys supposedly latest to plan launch in Bermuda
Harneys is the latest multi-jurisdictional offshore firm with interest in opening an office in Bermuda this year, following the lead of a few other firms. Walkers announced its plans two months ago to launch, although it has not confirmed the team who will open the office. Canadian firm Bennett Jones opened its Bermuda office this year, led by partner Duncan Card, who was born in Bermuda and relocated back there for the firm’s new venture.
Asian clients appear to be using more Bermuda vehicles and Harneys is particularly interested in such clients. Firms in Bermuda went through a significant downturn during the financial crisis, but economic growth is leading to a revival, with a rise in company registrations there.