The Isle of Man legal market is fairly small, unsurprisingly, but the
firms that are to be found on the island offer services in general
financial and corporate, funds, property transactions and other areas
such as legal and tax.
Most of the island's work is connected to
its favourable tax regime and the country is similar to other so-called
'offshore' jurisdictions in this respect....
CONTEXT AND TRENDS
Firms report a decent level of financing work this year, which is surprising given the general climate in the global markets. Property transactions though have not been as healthy and with most of the islands firms possessing a dedicated practice in this area, those lawyers have been living off scraps....