Anthony Travers as a guest on BBC Radio 4 “The Bottom Line : Tax Avoidance March 3rd 2016
IFLR1000 5th May 2015
As competition heats up among boutique and midsize law firms in the Cayman Islands, Travers Thorp
Alberga has lured an experienced corporate and funds attorney to its offices in George Town.
The Lawyer – 29th April 2015
Travers Thorp Alberga (TTA) has strengthened its corporate and funds team with the hire of former Herbert Smith partner and FourWinds Capital Management general counsel Louise Freestone.
Freestone was a partner at legacy Herbert Smith until 2008, when she joined investment management company FourWinds as general counsel. She left the company last year.
FourWinds’ group legal team is led by general counsel Stephen Polakoff, who joined the company in Dubai in 2013.
The funds and corporate specialist was named in The Lawyer Hot 100 in 2005 (7 January 2005) after advising on a raft of major deals.
She joins TTA alongside two new senior associates, Deborah Drummond and Denise Owen. The hires bring the number of lawyers at TTA to 23, including 14 women.
TTA was founded in its current form in late 2012, when legacy Thorp Alberga enticed former Maples and Calder managing partner Anthony Travers back to practice (3 December 2012). A year later the firm merged with fellow Cayman boutique Paget- Brown (19 December 2013).
Senior partner Travers said of the latest hires: “We lead Cayman in diversity, all our relevant metrics are very positive and I’m now focused on the next stage of our development.
He added: “To date we have concentrated on Latin America, the Middle East, Hong Kong and mainland China and now we have developed sufficient traction we are ready to bring our very particular expertise and value proposition to the more traditional markets.”
Two of the leading law firms in the Cayman Islands have agreed to merge early in the new year forming one of the strongest and most experienced practices in the offshore financial services area.
Travers Thorp Alberga and PAGET-BROWN will continue as Travers Thorp Alberga with Ian Paget-Brown QC assuming the role of Counsel in the new firm and continuing in practice as a QC.
Ian Paget-Brown said: “The growth of my practice over the last 40 years has been a source of immense pride to me but I feel the time is now right going forward for my clients to benefit from the specialised legal expertise available at Travers Thorp Alberga.
“I would like to express my gratitude for the loyalty of my clients over many years and their unqualified support for this merger. I will, of course, continue to be available to them in my new role as Counsel.”
Anthony Travers, Senior Partner at Travers Thorp Alberga, said: “Ian and I have been legal colleagues on Cayman for well over 30 years and developed a tremendous respect for each other. As law firm mergers go, this is a perfect match and a natural progression.”
Travers Thorp Alberga is pleased to announce that it is now ranked as the 13th largest offshore law firm in the 2013 Top 30 Offshore Survey published by The Lawyer magazine. The Lawyer notes that Travers Thorp Alberga enjoyed the highest revenue growth of any of the firms surveyed, and the firm is also singled out as “one to watch” in 2013. The survey also notes that the appointment of Anthony Travers, “one of the offshore market’s best-known names” as senior partner brought the firm “further into the limelight”. The Survey goes on to note that the leanness of the firm’s operation, which keeps costs low by not running a bulky support function and relying on partners being able to bring in work, makes a “compelling case for clients”. Anthony Travers is further quoted as saying “The market is reflecting the fact that the high-volume, low-profit model that formed the basis for the multi-office structure of the larger offshore law firm is probably broken for the foreseeable future. This places a premium on the firm that is able to add value on a realistic cost basis.”
This is the eighth edition of The Lawyer’s annual offshore survey, and the jurisdictions covered are the major Caribbean jurisdictions of Bermuda, the British Virgin Islands (BVI) and the Cayman Islands, Crown Dependencies Guernsey, Jersey and the Isle of Man, and Gibraltar. Firms are ranked by number of partners and, in the case of a tie, by the number of qualified lawyers.
Fiction and Fact : The Financial Times and Cayman Islands Hedge Fund Transparency
TOP WALKERS PARTNER JOINS TRAVERS THORP ALBERGA
LONDON: December 17, 2012: Anthony Travers has made his first major lateral hire only two weeks after his appointment as Senior Partner of Cayman and Hong Kong based legal practice Travers Thorp Alberga.
Travers has recruited Nicole Pineda, the partner at Walkers responsible for the development and management of its Latin American Finance practice.
In what is seen as a major coup for the rapidly expanding firm, Nicole starts at Travers Thorp Alberga immediately and will be the partner in charge of its newly formed Latin American practice group.
Oxford graduate and fluent English, Spanish and Portuguese speaker Nicole commented, “I am excited to take my practice to Travers Thorp Alberga which has a refreshing and exciting approach and a core philosophy which is much more in keeping with the current global environment.”
Senior Partner Travers said, “Nicole is the very best of the offshore lawyers in the Latin American arena with a terrific and established reputation and this move will give us instant traction in Latin America. There will always be room at this firm for a quality lawyer with a proven track record and the right personality.”
Offshore’s Heaviest Hitter is Back in the Legal Business
LONDON: December 3rd, 2012: The lawyer who built the most successful offshore law firm in the world has announced his return to the profession after a six year break from practice.
Anthony Travers, OBE, currently Chairman of the Cayman Islands Stock Exchange, became Senior Partner on December 1 with boutique Cayman Islands and BVI law firm Thorp Alberga.
The ten-partner firm, renamed Travers Thorp Alberga, has offices in Grand Cayman and Hong Kong and specializes in investment funds, financial services, government relations, and private clients.
Travers’ close friend, 30-year veteran Michael Alberga, has moved to Managing Partner.
Travers was previously the Senior Partner of Maples and Calder and led that Cayman Islands firm to its earlier position of dominance over a 30-year period culminating in the establishment of a global network of foreign offices.
In the early 1990’s he prepared the legislation which established the Cayman Islands investment fund and private equity industries, and later the legislation on asset protection.
He was former President of the Cayman Islands Law Society and high profile advocate of offshore financial centers. After retiring from Maples and Calder in 2006, Travers had a non-compete clause which lasted all of six years.
Apart from various global business interests he was asked to head up and raise the global profile of Cayman Finance, the private sector representative body, and he served from 2009 to 2011 on a pro bono basis. He will continue in his role as Chairman of the Cayman Islands Stock Exchange.
Travers said: “My six year non-compete with my old firm has now expired and a number of my former clients have asked me to step back in. Given macroeconomic and onshore regulatory changes, it is time for some fresh thinking in the provision of offshore legal services.
“I was attracted to the firm because a number of my highly experienced former colleagues are already partners and their expertise in financial services and regulation is second to none. In a fast changing regulatory environment the firm’s emphasis on Government relations is now a very necessary part of a comprehensive client service.
“The firm also has a unique philosophy on fees which is highly relevant to the current financial climate and compelling. There have been recent criticisms of the old offshore law firm model which is clearly no longer as appropriate in changing circumstances and is obviously not working as well as it once did.”
Travers Thorp Alberga is pleased to announce that the recently published 2013 edition of IFLR1000 ranks the firm’s Hong Kong office as a Tier 2 recommended firm for offshore investment funds work. IFLR1000 notes that “the pedigree, client focus and technical and commercial abilities of the partners” have allowed the firm to “grasp a firm foothold in Hong Kong in a very competitive market”. IFLR1000 goes on to quote sources as saying:
“Travers Thorp Alberga are not arrogant. Firms normally pontificate, but not these guys. They don’t come back with fifteen pages of big words. They don’t blind us with legalese.”
“The depth of experience they have both for offshore and onshore, in terms of helping us, was crucial. They helped not only on the legal side, but on the business side too and they were very good at walking us through what other firms have done in similar situations”
“We felt they were more transparent for us than other firms had been. They would dedicate senior partners to us rather than others who just delegate.”
Each of the partners in the Hong Kong office has also been individually named as a leading offshore practitioner:
Everton Robertson is noted as having rapidly gained a presence in the market. A source is quoted as saying “Everton would turn around and give us advice in a day. He’s one of the quickest lawyers I know. Once it was 3 o’clock in the morning.”
Harriet Unger is praised as being “excellent”, “thorough and precise. She’s every cliché you want in a lawyer”
IFLR1000’s rankings are based on the recommendations of in-house counsel at the world’s most prominent financial institutions and companies, as well as the leading lawyers, attorneys and solicitors in each of the markets it covers.
Travers Thorp Alberga is pleased to announce that the recently published 2012 edition of Chambers Asia-Pacific ranks the firm amongst leading offshore law firms in the Asia-Pacific region. Chambers notes that Travers Thorp Alberga is well regarded for its client focus and hands-on approach, and quotes sources as saying:
“The pleasure of dealing with them is that everything is kept simple and user-friendly.”
“The partners know our long-term aims and we can rely on them to get things done.”
Three individual partners in the Hong Kong office have also been recognised as leading offshore practitioners in the region:
Richard Thorp is described as having a wealth of experience in securities, formation of private equity and hedge funds, as well as IPOs, and Chambers adds that clients consider him to be “an outstanding Cayman lawyer who is very flexible and incredibly hands-on.”
Everton Robertson is lauded as “a very good offshore practitioner in Hong Kong who is responsive and commercial-minded.”
Harriet Unger is praised as being “extremely attentive with a solid understanding of Cayman law.”
Chambers Asia-Pacific’s rankings and editorial commentary are based on independent research and interviews with clients and other purchasers of legal services. Chambers & Partners is one of the premier directories for legal services and in a recent survey of 20,000 in-house counsel over half reported that their directory of choice when reviewing law firms and individual lawyers is Chambers & Partners.
Travers Thorp Alberga is pleased to announce that it was ranked at number 14 in the recent Top 30 Offshore Survey published by The Lawyer magazine. In addition, The Lawyer commends “fast growing” Travers Thorp Alberga for its “commitment to diversity”, noting that it “stands out among offshore firms for its unique partner-heavy model – and also for its 50:50 male to female partner ratio. All partners are in the equity”
This is the seventh edition of The Lawyer’s annual offshore survey, and the jurisdictions covered are the major Caribbean jurisdictions of Bermuda, the British Virgin Islands (BVI) and the Cayman Islands, Crown Dependencies Guernsey, Jersey and the Isle of Man, and Gibraltar. Firms are ranked by number of partners and, in the case of a tie, by the number of qualified lawyers.
Three partners of Travers Thorp Alberga have been included in the Asian Legal Business Hot 100 list for 2010-2011.
ALB’s annual list of pre-eminent Asia-Pacific lawyers named Richard Thorp, Harriet Unger and Everton Robertson as Travers Thorp Alberga “bursts onto the scene” as the “new offshore player” in Asia.