Foreign offices boost public coffers, says law society

| 27/02/2013

hong-kong1_0.jpg(CNS Business): As the battle between local lawyers and government’s latest version of the proposed Legal Practitioners Bill continues, research commissioned by the Law Society has revealed that in 2012 just nine local firms’ foreign law offices practicing Cayman law overseas generated US$28 million in 2012 for government coffers. In the previous year these international branches brought in around US$24 million in fees, figures that the lawyers hope may persuade government to change course over the requirements and the restrictions that the law firms say it is trying to impose on them with the new legislation. Read more on CNS Business.

Category: Business

Comments are closed.