Legal Business

From offshore to Big Law: the Panama Papers’ lasting imprint on the legal landscape

Tom Moore argues profession must deal with changing attitudes on tax and reputation

The offshore market is being redrawn following the leak on 3 April of 11 million documents from Panama law firm Mossack Fonseca & Co, which led to a public outcry about tax evasion. The leak revealed some 12 world leaders, including close associates of Russian president Vladimir Putin and 143 politicians, used the firm to avoid tax in developed countries.