2017: A Good Year for a Career Move Offshore?

Who hasn’t dreamed of working in some far flung, sunny place, where you get paid really well and spend more time on the beach than in the office?

And then you wake up.

Seriously though, even in this slightly strange post Article 50, post Trump, post George Michael world the UK legal services sector is again showing itself to be a pretty robust beast, and in terms of the market for legal talent in London, we are still seeing law firms of all sizes actively recruiting.

But against the wider context of gloomy news headlines and economic uncertainty in the UK – when, despite the best efforts of economists, politicians, and businesses to forecast with some/any degree of accuracy, the truth of the matter is that no one really knows what the next two years and beyond have in store for UK plc – could 2017 be a good year to consider a move offshore?

The offshore market is also showing itself to be robust, and has had a particularly dynamic Q1 2017, a trend that looks set to continue. Most, if not all, of the top tier international offshore law firms are recruiting associates, especially into their corporate, finance and funds teams. We are also seeing vacancies, but in lesser numbers, in private client, real estate, insolvency and litigation. You could experience high calibre work alongside a healthy work life balance and a low tax salary – whilst enjoying everything that life on a beautiful island has to offer.

Of course, as with any career move, there are a raft of factors to weigh up including:

Is now the right time in my career?
What sort of salary/package will I earn?
Will offshore experience enhance my career?
What are my prospects when I’m ready to return home?
I’m moving with my partner/family – will it be a good move for them too?

If you are considering a move to the Cayman Islands, BVI, Bermuda, Jersey or Guernsey and would like to get an honest assessment of your options, contact your local Chadwick Nott consultant for a confidential discussion here.

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