Carey Olsen has been named Offshore Law Firm of the Year at The Lawyer Awards, achieving the distinction for a second consecutive year.

The firm opened its Bermuda office last year, which is its ninth international office and fifth legal jurisdiction.

The Lawyer Awards 2018 were held at Grosvenor House Hotel in London and were attended by 1,100 private practice lawyers and senior corporate counsel.

In the offshore category, Carey Olsen faced competition from six other shortlisted firms.

Michael Hanson, managing partner of Carey Olsen Bermuda, said: “This is a significant achievement for Carey Olsen but also provides global exposure for the Bermuda legal market as a whole.

“The prestige of this award places Carey Olsen Bermuda on the international stage through our affiliation with Carey Olsen and their willingness to enter the Bermuda market. We are very excited about our growth and progress to date and the future of Bermuda as a leading offshore jurisdiction.”

During the past year, Carey Olsen has been involved in a number of deals, including giving advice to entities managed by the Carlyle Group; and acting for British Airways and Marsh & McLennan Companies. It also advised Global Advisors (Holdings) Limited on the launch of the world’s first regulated, crypto-denominated fund, CoinShares Fund I last summer. The fund receives investments exclusively in ether but also trades cryptocurrencies and other tokens, including selected initial coin offerings.

Commenting on the award, Alex Ohlsson, group managing partner, said: “It is a truly fantastic achievement to have won this award back-to-back. We have had another strong year in terms of growth and performance across the board and also increased our global reach with the opening of Carey Olsen Bermuda at the end of 2017.

“What pleases me most is that the award is a ringing endorsement of the calibre of the legal teams and staff at Carey Olsen and recognition of their hard work and commitment to the firm and our clients. I’d also like to take this opportunity to thank our clients and intermediaries for their support in making this such a successful year for Carey Olsen.”