10 lawyers jump ship from Walkersto Maples

(CNS Business): International law firm Maples and Calder (Maples) has recruited 7 partners and 3 associates from its rival Walkers to expand the firm's growing investment funds practice. A release from Maples said the fund experts recruited from Walkers’ Cayman Islands and British Virgin Islands offices would be joining them as soon "as they are free to do so under their existing arrangements". Walkers, which recently announced the sale of its Management Services to Intertrust, said a small number of their partners disagreed with the direction that the firm has taken and decided to leave.” However Walkers noted that the sale “mirrors evolving global financial regulation and an aversion on the part of many major investors to the inherent conflicts that exist where lawyers and investment fund directors are affiliated.” Read more on CNS Business