One of the noticeable features of the legal job market in Cayman is the myriad of remuneration structures that abound between the law firms operating here, which can make it difficult when advising candidates onshore as to what earnings they are likely to achieve should they choose to relocate and work here.

While work (and hence demand) for corporate finance and structured finance lawyers continues to remain relatively quiet in the aftermath of the global economic crisis, funds lawyers in Cayman are finding that for them work flow is slowly improving and hopefully the worst of the recession may now be behind them.

The collapse of Lehman Brothers in September 2008 and the resulting global economic fallout continues to impart a strong braking force on the legal recruitment market both in London and the UK regions.
 
Scores of newly qualified solicitors have not been retained upon completion of their training contracts and large numbers of senior associates laid off in the widespread culls of spring 2009 still remain out of work (although for many this has at least given them the unexpected windfall of both time and opportunity for a mid-career gap year traveling the world with the aid of previous years’ healthy bonuses).
 
The market in the Channel Islands remains stubbornly buoyant and resilient in comparison howev...