Law firm looks to Cork for staff |
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Dillon Eustace has become the first large financial services law firm to open a second office in Ireland. The move is largely driven by staff requirements, as Dillon Eustace hope to attract experienced professionals from outside of Ireland to the rebel county. |
Headed up by Etain de Valera, who is a partner in Dillon Eustace's funds division, with a special focus on alternatives, the Cork office will employ 10-15 professional staff, as well as company secretarial staff. The office will service the firm's financial services clients both domestically and internationally.
Speaking to FINANCE, Lorcan Tiernan, head of the firm's corporate and commercial department, said that the move was driven by a desire to, 'try and offer an employment site for good people who want to work outside Dublin'.
Cork was chosen as the location for the firm's second office because of its good infrastructure and the emerging 'Munster' market for financial services, Tiernan says, with a number of large funds servicing firms having opened offices in the region, including Bank of New York and Citco in Cork, Northern Trust in Limerick, and PFPC in Waterford.
Moreover, Dillon Eustace like to be one of the early movers, he says, adding that there is no reason why they couldn't replicate this move elsewhere.
The firm also has offices in Boston and Tokyo, as well as an alliance with Luxembourg firm Arendt & Medernach, with whom Dillon Eustace shares a Brussels office, as the firm is expanding into European law. |
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Article appeared in the March 2007 issue.
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