AN INTERNATIONAL corporate and finance law company which advises international clients on the laws of global tax havens – including Ireland – is to create 75 new jobs in Dublin over the next three years.
Maples and Calder, which already employs 175 people in Dublin, is expanding its operations as a result of growing international demand as well as extra business generated by an affiliate fund administration company.
The 50-year-old firm, head-quartered in the Cayman Islands, advises international clients on the laws of its home country, Ireland and the British Virgin Islands.
The company first opened in Dublin in 2006, offering a full-service legal practice for Irish and international clients, as well as a specialised accounting and administration offshoot MapleFS.
The managing director of the firm’s Irish arm, Andrew Doyle, said the expansion would allow the company “to better serve our clients here as well as international clients who are carrying on business in and through Ireland”.
The jobs have been create in partnership with IDA Ireland, whose chief executive Barry O’Leary said the strength of the investment fund industry in Ireland was a major attraction firms like Maples. He said:
As the IFSC has gained critical mass as a global financial hub, international law firms, such as Maples, have been attracted to locate in Dublin both to service existing clients and to win incremental business.
Jobs minister Richard Bruton said the success of Maples’ Irish operations demonstrated “the potential for future growth in this sector, and through continued implementation of the Action Plan for Jobs we are determined to build on this and create the jobs we need”.
He added that the international financial services market was a key sector being targeted by the government’s jobs plans, and said the expansion of a company which had only moved into Ireland six years ago was “great news”.