Walkers puts its trust in Intertrust

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  • Everyone knows that the fiduciary business makes more money than the law firm and the only reason to sell was because the old equity partners wanted to pocket the cash and retire rather than leave the company for the future partners. This must be devastating for the senior associates and salaried partners. There can't be much point in being a partner at Walkers any more and there must be some doubt as to whether Walkers can even survive.

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  • Not surprisingly, it looks like most of the leading Walkers lawyers have now all left for Maples, including most of the funds department from what I can see. Not sure how much longer Walkers will be around. Still, at least the equity partners got a good price on the sale.

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  • I think this sale will help walkers focus there efforts more closely on the law side and avoid conflict of interests meaning its a good thing, regardless of who benefited from proceeds

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