Dillion Eustace named leading legal adviser to Irish domiciled funds

Dillon Eustace has retained its position as the leading legal adviser to Irish domiciled funds, a position that it has held for over twenty years.

The findings revealed by the independent fund research company Monterey Insight in the 25th edition of the report revealed Dillon Eustace advise more Irish funds than any other law firm.

Donnacha O'Connor, Partner at Dillion Eustace, says: “We are delighted to continue to be the leading advisers to Irish domiciled investment funds. The Irish funds industry enjoyed significant growth again last year, not only in the number and value of investment funds established and serviced here, but also in the number of fund management companies that chose to set up Irish operations. With so much change happening in the market and with so many opportunities and challenges ahead, it is an exciting time to be part of the industry.”

Fund assets serviced in Ireland rose by 6.2 per cent reaching USD3,903.4 billion at the end of June 2019, up from USD3,677.1 billion in 2018.

The total number of Irish and non-Irish funds (including sub-funds) serviced in Ireland reached 9,249 (an increase from the 8,982 of the previous year).

Irish domiciled funds (including sub-funds) have grown by 7.2 per cent to 5,607 (from 5,229 in 2018) reaching a market size of USD3,001.1 billion, an increase of 5.4 per cent of total fund assets.