Walkers Announces Major Expansion in Response to Client Demand
Launches Walkers Professional Services
Opens Bermuda office, becoming first major new international entrant to market
GRAND CAYMAN, Cayman Islands, May 21, 2015 /PRNewswire/ -- In response to consistent client demand, leading international law firm Walkers announced it will be re-entering the corporate and fiduciary services business with the launch of Walkers Professional Services in mid-June. The firm will also be expanding its global legal footprint to Bermuda, where it plans to open an office, becoming the first major international offshore firm to enter that market as a new entrant.
Walkers Professional Services
Walkers Professional Services' core focus will be on providing registered office, corporate and company secretarial services. Walkers Professional Services will also provide fiduciary services to structured and asset finance vehicles to service the needs of its clients.
Tim Buckley, a partner in Walkers' Cayman office and who has taken the lead in developing Walkers Professional Services said, "Many of our clients have told us unequivocally that they want Walkers to provide certain corporate and structured finance services and that is the genesis of this new business. Our aim is to be 100% responsive to client demand and tailor our services accordingly. We have made a conscious decision to focus on those areas which are complementary to our legal services offering. We have made a significant investment in technology and resources and we believe that Walkers Professional Services will set a new bench-mark in the quality of these types of services."
Bermuda
The firm has also announced that it intends to open an office in Bermuda, making Walkers the first major international offshore firm to enter the Bermuda market. Walkers will offer clients a full service operation in Bermuda, encompassing a broad range of practice areas, including: litigation, insolvency, corporate, investment funds, finance, insurance and trusts. With its network of nine offices around the world, Walkers will provide multijurisdictional legal services to clients who require legal advice on any combination of Bermuda, Cayman Islands, British Virgin Islands, Irish and Jersey law. Subject to obtaining licenses and approvals, Walkers expects to open in Bermuda by the end of this year.
"Our clients have long told us that they would value the expansion of Walkers' service offering to include Bermuda legal advice. As with our other global offices, we intend to become a major force in the legal services industry in Bermuda and to grow and develop talent in that jurisdiction," said John Rogers, Walkers' Singapore office managing partner.
Ingrid Pierce, Walkers' Global Managing Partner added, "2015 has been an exceptionally strong year for Walkers and these decisions are aligned with our on-going strategy of targeted expansion. Starting new and different businesses is an exciting place to be and we are committed to long term investment in these projects."
About Walkers
From offices in the British Virgin Islands, Cayman Islands, Dubai, Dublin, Hong Kong, Jersey, London and Singapore, Walkers provides legal services to leading FORTUNE 100 and FTSE 100 global corporations and financial institutions, capital markets participants, investment fund managers, and growth-and middle-market companies.
Walkers' expertise has been validated by numerous awards including "Offshore Law Firm of the Year" by Alpha Magazine, The Lawyer, PLC Which Lawyer? and Asian Legal Business. Walkers has also been honoured as the PLC Which Lawyer? Yearbook Leading Cayman Islands Law Firm, Who's Who Legal Law Firm of the Year: Cayman Islands and has shared honours for "Offshore Legal Team of the Year" by the Society of Trust and Estate Practitioners (STEP).
For more information on Walkers, visit us on the web at www.walkersglobal.com or contact us by e-mail at [email protected]. To contact Walkers by phone, call our Cayman Islands office at +1 345-949-0100.
CONTACT:
Sarah Broad, Walkers
+1 345-914-4245
[email protected]
Ben Tanner, Weber Shandwick
+1 212-445-8245
[email protected]
SOURCE Walkers
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