Offshore top 30 position: 4
The big development at Walkers in 2012 was the sale of its management services business, Walkers Management Services (WMS), to Intertrust for an undisclosed amount. WMS’s management team transferred to Intertrust, with the firm saying that for clients there would be no change and that it expected to keep on working in co-operation with Intertrust.
Walker made up 11 lawyers to its partnership in 2012 but lost a number of partners to other firms throughout the year. The biggest loss was that of a seven-partner funds team to Maples and Calder in Cayman and the BVI, but other partners left for Appleby, Forbes Hare and Travers Thorp Alberga, thus negating the firm’s hires and promotions.
Like Maples, Walkers is continuing to expand in Ireland and the office there now has almost 30 lawyers. The firm hired A&L Goodbody partner Dominic Conlon to head its corporate group in Dublin, as well as making two senior non-partner hires to launch insolvency and derivatives practices there.
In October, Walkers made a ground-breaking decision, electing its first female managing partner in the shape of Cayman-based Ingrid Pierce. Pierce has been at Walkers since 2002, having joined the firm from the commercial and Chancery bar in London. She now has the challenge of leading a reshaped firm, which says it is continuing to evaluate where its clients want it to be in the world.
Overview6 Gracechurch Street
Qualified lawyers: 150