Mourant ranked as No1 legal adviser for Jersey funds
According to the Monterey Fund Report 2018, Mourant has once again maintained its leading position as the go-to legal adviser in Jersey's funds industry, advising on over 46 per cent of all funds by market share of assets.
The firm, which has held the dominant position in Jersey for 19 consecutive years, advised on 791 funds in the last year with an overall value of USD361 billion and leads on all major tables, including 13 of the 18 categories. The report also highlighted that fund assets serviced in Jersey overall had risen to USD411.1 billion at the end of June 2018, up 18.7 per cent from 2017.
Mourant Head of Investment Funds, Jersey, Felicia de Laat, says: "It's really pleasing to see another increase in fund and asset numbers in Jersey this year. Our clients are our focus, so it's very gratifying to have maintained our number one ranking in Jersey for nearly two decades. We continue to invest in our strongest asset – our people – who consistently come out on top for their deep market knowledge, regulatory insight and trusted relationships with clients both old and new, which are the foundations of our success."
"As the leading advisor with the largest market share for nearly 20 consecutive years, our fund statistics are impacted by the natural attrition of client fund liquidations more than our competitors. However, notwithstanding that, we’ve maintained and expanded an exceptionally strong client base and on the strength of our current fund formation pipeline, it looks like 2018/2019 will be an even busier year for our clients, their service providers and our fantastic team, which is also great news for Jersey."
These results follow hot on the heels of this year's IFLR1000, Legal 500 and Chambers and Partners legal directories, where the firm's Jersey Funds team, which is the largest in Jersey, was awarded tier one status for their practice across each of the guides to the world's leading lawyers. The firm also boasts over 49 specialist lawyers working on funds matters globally.
The annual Monterey Report is based upon the Jersey Financial Services Commission's (JFSC) list of regulated schemes as at 30 June 2018.