Legal Business

Standing apart – the offshore fallout from the Panama Papers

The Panama Papers scandal brought another bout of unwanted attention to offshore jurisdictions. But law firms note the attention has helped distinguish one centre from another

On April Fool’s Day this year, Panamanian law firm Mossack Fonseca & Co notified its clients that it had sustained an email hack. It instantly became the world’s best-known law firm following the leak of 11.5 million documents, cherry-picked by global media outlets, that revealed confidential client information. The Panama Papers made news and so did offshore law firms. Again.