Bermuda is a British overseas territory, in the middle of the Atlantic Ocean. Comprising 138 Islands, Bermuda is a thriving financial centre, with one of the highest GDP in the world. It also has a sub-tropical climate with warm weather all year round and a very high standard of living.
Bermuda is dominated by two firms – Conyers Dill & Pearman and Appleby. Both firms practice a mix of corporate, finance, trusts, litigation and funds. Insurance and in particular, captive insurance, is also a major practice area for these firms and as an industry, for the island itself.
Salaries range from US$165,000 for a lawyer with four years’ relevant PQE, to US$275,000 for Senior Associates. Partners’ profits are also comparable to US law firms. Income tax is just under 5%.
All non-Bermudians require a work permit to reside and work in Bermuda. Bermudian law is based on English law, so in order to practice as an Attorney you must be qualified in a Commonwealth jurisdiction. There are no exams to be taken in order to be admitted in Bermuda.
The quality of life is excellent in Bermuda. The islands boast a well established infrastructure and a high standard of schooling and healthcare. There are a number of excellent sports facilities, including a number of golf clubs and a rugby club which hosts players from around the world at the annual Bermuda Classic rugby tournament.
Accommodation is slightly more expensive than London, with most people renting. However the commute times are minimal and the cost of other items, such as groceries compares favourably to onshore centres. The quality of work and shorter working hours make Bermuda one of the best locations in the world to practice law.