Lawyering (or similar) in the Caymans - anyone done it?

[MDCB]

Interested to hear any experiences people have had in the Caymans (or other offshore locations). Specifically, quality of life and whether there were any difficulties in making the return journey after a few years.

Cheers!

[Matt p]

Leaving for there next Monday. I’ll let you know how it goes

[Mr Pointy]

Breadvan did it but he's disappeared - not sure if the two are linked.

[MDCB]

Matt p said:

Leaving for there next Monday. I’ll let you know how it goes

All the best & please do!

[av185]

Sorry, thought this was a Porsche thread.

[paulmakin]

I think Breadvan was in the BVI but it was a while ago and my searching skills are underdeveloped

From previous knowledge (albeit vicarious) - significantly more expensive when first considered but this has to be balanced against earning potential and the lack of direct taxation.

This seems recent but aimed at the US market so some statements as to relative expenses a little less than valid maybe ?

https://caymanresident.com/

[b14]

It’s easy to go out there and do it and you’ll have fun. But the work is samey (in Cayman, lots of funds work) and the communities small so some people do get bored.

Coming back can be hard. Depends on what echelon of the industry you’ll be coming back into but top 20 law firm in the UK will be skeptical of offshore experience which may play against you if you’ve been out there too long.

Get Cayman qualified, do funds stuff, build rep in the regulatory community, then come back and push for jobs in the big London funds teams as Cayman specialist.

[MDCB]

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[b14]

MDCB said:

Thanks very much. I'm in funds at the moment, so that's exactly what I needed to hear! Does seem pretty straightforward in terms of getting out there as you mention and the packages are tempting, but I'm conscious that it wouldn't be forever, hence the query re difficulties coming back.

I'm a partner at a big City firm and, whilst I don't do funds, we do get skeptical of offshore experience where it goes on for too long / is early in someone's PQE. If you are 3+ and you go for a couple of years, all good - you wanted some sun and different experience and you've got 3 years under your belt in the UK. If you are an NQ or near enough, I'd wait a bit.

Recommend Maples and Calder if you are doing funds out there. Great team.

[MDCB]

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