There seem to be an increasingly large number of job advertisements for internationally-qualified lawyers in offshore jurisdictions such as Bermuda, the Cayman Islands, the Turks & Caicos Islands, Jersey, Guernsey, and the BVI.
For some current vacancy information, see:
What does this say, if anything, about the state of the legal professions in each of these jurisdictions, and their economies more generally?
The answer, of course, depends upon one’s point of view, and the extent to which one can carry out a more meaningful investigation into the circumstances of each case.
On the one hand, more job advertisements might suggest the presence of more jobs locally in each jurisdiction, reflecting positive economic growth. It might also suggest an increasing level of business activity, investment and competitiveness on the part of offshore law firms. There are certainly a number of job advertisements that are focused on transactional and incorporation activity, in the fields of corporate, corporate finance, banking, and private client.
On the other hand, the number of advertisements focused on litigation and insolvency-related practice areas might suggest broader economic contraction.
And it is hard to tell whether any particular advertisement has simply been triggered by an existing position being made vacant (i.e. an existing employee has departed a firm, or a jurisdiction, for one reason or another), or whether it reflects the creation of a new position.
For recruitment consultants, at least, an increase in offshore legal job advertisements should be welcome news!