After just three years in business, Ferbrache & Farrell has established itself in fourth place in the Monterey Guernsey Fund Report’s rankings of legal counsel.
With only three long-established well known multi-jurisdictional law firms ahead in the list, Ferbrache & Farrell is thrilled with its position in the leading publication’s rankings of Guernsey advocates within the funds industry.
'It is extremely pleasing that in such a short period of time we, as a small and Guernsey focused practice, have positioned ourselves so high up the rankings, just behind the long-established Guernsey corporate departments of three of the largest global offshore legal practices. We owe this ranking to the entire dedicated team at Ferbrache & Farrell, without whom these accolades would not occur, and to the support and confidence from our clients, both long standing and new,' said partner Gavin Farrell.
Ferbrache & Farrell assisted in the launch of five funds in 2019, with a fundraising range of between £20million to in excess of £1 billion per structure. The firm also continued to advise throughout existing fund clients, both private equity and listed with their ongoing legal or regulatory requirements.
'Despite the ongoing political turmoil outside our shores, the increased competition from onshore jurisdictions, and the generally misguided treatment and attacks on the offshore centres such as ours, Guernsey continues to be an attractive stable jurisdiction and financial centre, as evidenced recently by Standard and Poor’s improved sovereign credit rating of Guernsey,' said Advocate Farrell.
'This is down to our strong reputation for a well, but not over regulated, environment and the degree of expertise of all service providers. It is also a reflection of the good relationship between all stakeholders – primarily the funds industry bodies, government and regulator – and the common drive for Guernsey to maintain its reputation as a premier fund jurisdiction.
'This provided a great opportunity for us three years ago to establish ourselves as a new, alternative, commercially-driven, Guernsey-focused independent firm to work alongside the global "big boys" for our client base.'