Sale of Fiduciary Business
In March 2012 Walkers announced it was selling its fiduciary business, Walkers Management Services, to Intertrust. Like many offshore firms, Walkers business was previously divided between its legal practice and fiduciary services. Shortly afterwards, a large number of Walkers partners and senior associates defected to rival Caymanian law firm, Maples and Calder. Although none of the defecting partners confirmed any link between the events, the timing naturally creates an inference that there may have been a connection.
Read more about this topic: Walkers (law Firm)
Famous quotes containing the words sale of, sale and/or business:
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)
“I keep thinking that what I need
to do is buy my leg back.
Surely it is for sale somewhere,
poor broken tool, poor ornament.
It might be in a store somewhere beside a lady’s scarf.”
—Anne Sexton (1928–1974)
“Perpetual devotion to what a man calls his business is only to be sustained by neglect of many other things.”
—Robert Louis Stevenson (1850–1894)