Limited opportunities for expansion

What new services will the legal profession offer over the next 12–18 months? Will legal firms continue to diversify into other hedge fund-related activities (such as fund administration, marketing support, provision of directors) or should they focus purely on legal services?

“Law firms themselves are unlikely to diversify from the provision of legal advice and matters ancillary to that,” says Nicholas Butcher in the Cayman Islands office of Maples and Calder. “However, we expect there will be additional services resulting from technological advances such as increased client access to information via the online availability of registers and other corporate