MHC Times Issue 15
31 August 2004
Category: MH&C Times
The pace of Ireland’s economic growth and development has accelerated again. Most forecasters agree that growth over the next 12 months will exceed European averages by a substantial margin.
The inflation rate is dropping again and unemployment is at an historic low.
Against this background MHC continues its policy of aligning itself with its market. Our judgement is that international inward investment to Ireland will continue, on an increased basis. We believe that US investors in particular will view Ireland as a favoured location for corporate establishments, mergers and acquisitions transactions, and general commercial activity. MHC ’s New York office is active in communicating to US corporates news of Ireland’s attractiveness as a European business location. Our NYC-resident lawyer, Dan Walsh, reports a significant increase in new enquiries from American enterprises interested in Ireland.
Activity in the investment funds sector in Ireland remains healthy. During 2003, MHC appointed Fionan Breathnach as Head of its Investment Funds unit. Fionan’s deep experience in the funds and financial law sector serves to position us well in offering a fresh and excellent service to old and new clients and connections.
The Irish government has identified life sciences and biotechnology as key sectors for attracting new international investors. MHC has just made a key appointment in anticipation of an upsurge of interest and activity. Martin Kelleher has joined us as Head of Life Sciences after several years’ experience with a major international pharmaceutical corporate. Martin’s brief is to communicate to the market MHC’s excellence in life sciences and biotechnology, and to lead his team in giving a peerless service in those areas.
Anyone monitoring developments in Ireland will also observe huge levels of infrastructural activity, such as highway and tunnel construction. This pattern of development is set to increase and will, in due course, embrace new railway and tramway developments. MHC judges that its clients and connections will have greatly enhanced needs for legal advice arising from these trends and is currently enhancing its relevant capabilities and strengths through a process of lawyer recruitment and promotion. In the nextissue of MHC Times, I will be making interesting announcements about this recruitment process.
Perhaps the biggest news in MHC’s recent history is its decision this year to relocate from Dublin’s traditional office district to the vibrant and newly-favoured docklands district. In February, the firm announced its intention to move to a brand new, state-of-the-art headquarters near Grand Canal Dock in early 2006. Construction of our building commences imminently and we aim to make it the most striking, functional and outstanding professional services headquarters in the country.
We are enthused by this project and believe that it will contribute enormously to our growth and development to the benefit of our clients and our staff.
Over the next few issues of MHC TIMES, I will bring you more details of our headquarters project, explaining its uniqueness and functionality, and showing how the project will serve to enhance the services we offer