Qualified attorneys from the UK, Ireland, Australia, New Zealand, Canada or certain other Caribbean jurisdictions vie for some of the best jobs at the top firms.
The legal industry in the Cayman Islands has grown exponentially over the last 10 years. Existing law firms have steadily increased headcount and there has been an influx of new law firms to the jurisdiction in recent years. Accordingly, the demand for attorneys, paralegals and legal secretaries remains very steady.
The most sought-after practice areas for legal professionals are Corporate, Finance, Investment Funds, Commercial Litigation, Insolvency and Private Wealth. There is also a smaller market for Property, Family, Employment, Criminal, In-House, and commercial/IP lawyers.
Unless you are Caymanian, you must have 3 years PQE in your home jurisdiction in order to be eligible for admission to the Cayman Bar (this is slated to be increased to 5PQE at some point in 2021). The 3 years PQE must have been gained at a top firm in the UK, Ireland, Australia, New Zealand, Canada or certain other Caribbean jurisdictions.
The top Cayman Islands law firms consistently advise on high caliber, cross border matters and transactions. As such, they seek to hire their staff from top tier international law firms when they cannot source locally. Cayman attorneys are some of the highest paid attorneys in the world, with many firms offering high tax-free salaries, attractive bonus schemes, relocation costs and some of the best benefits packages on island. Retention rates are high and most firms offer good career progression opportunities.
Many of the top firms on the Island find their professional staff through recruitment agencies, so it is advisable to reach out to a local agency to get an in-depth understanding of the market, cultural and operating differences between the firms, advise on your prospects, and appropriate salary for someone with your experience and qualifications.