MHC Times Issue 28
17 June 2011
Welcome to the 28th edition of MH&C Times.
Ireland has seen huge changes over the last number of months and much of it is positive including a newly elected Dail and Programme for Government, which will help to stabilise and position our country for the future. Financial indicators continue to strengthen with Ireland ranked as second in the world for Foreign Direct Investment and exports increasing month on month.
At Mason Hayes & Curran we believe it is incumbent on every business person in Ireland to be agents for change in rebuilding our economy. We continue to work closely with our clients in these challenging times and have increased our strength in depth by recruiting an additional 62 staff since January of 2010, including a number of new partners and consultants. We will continue to recruit in 2011 with a particular focus on our Tax, Litigation, Corporate and Financial Services department to ensure that we can support our clients and provide seamless service. Our focus is understanding the commercial objectives of our clients and working in partnership to develop the correct legal strategies to achieve those objectives.
In April this year we celebrate five years in South Bank House on Barrow St. This area of Dublin has transformed since Mason Hayes & Curran was first formed in 1968. The main businesses at the time were Boland Flour Mill and the local Abatoir. Now we have the new Google Europe headquarters, National Performing Arts School, Willis Insurance and U2's The Factory studio, among many other high-profile tenants. The transformation of business on Barrow St is a microcosm for the development of Ireland as a whole and despite current challenges we must remember that the Irish economy has made dramatic progress and continues to provide a natural home for organisations in sectors as diverse as the arts andtechnology.
Although Mason Hayes & Curran has been active in global markets for over 20 years, the last 12 months has seen strong investment into Ireland. Our work with international clients has increased with a number of companies investing in Ireland such as the new Irish office for Etsy and Zenimax. The M&A market is performing well and we ranked Top 5 in Ireland for volume of deals in 2010 by Mergermarket including Vedanta, La Crosse Global Fund Services and the BA / Iberia merger.
Mason Hayes & Curran is also investing in the local economy through our Pro Bono and Corporate Social Responsibility (CSR) programmes. We continue our focus on education and are supporting the new UCD Peter Sutherland Law School, a state of the art educational resource for law students, due to open in 2012. We are positive about the future and despite challenges we see opportunity. As Ollie Rehn, Europe's Commissioner for Economic and Monetary Affairs, commented during his visit to Ireland late last year. "The Irish are smart, resilient and stubborn people: they will get over this challenge and the EU is supporting them in that". Our job is to live up to that reputation.