The Chambers Global High Net Worth Guide has ranked Appleby in Band 1, recognising the firm’s strong offering in the Cayman trusts market.
Appleby has received top rankings in the Chambers Global 2016 High Net Worth Guide, published on 23 June, which also endorsed Cayman Partner and Group Head of the Private Client and Trust practice, Carlos de Serpa Pimentel, for his stellar work in the Private Client & Trusts market.
Mr. Pimentel, was recognised as a ‘leading individual’ in the Private Client & Trusts market, and expressed his gratitude for the high ranking. “As one of only two firms in the Cayman Islands that secured the Band 1 ranking, we are very proud to be recognised by Chambers for our trust practice. This is certainly a testament to the quality offering we have at Appleby, not only in the Cayman Islands, but also across our global network of offices. This recognition follows very soon after our recent nomination for Private Client Team of the Year 2016/17 at the STEP Private Client Awards, which we are also delighted with.”
The Guide, which was published this year for the first time, also noted that Appleby has ‘a particularly strong offering in the Cayman trusts market’ with the firm offering ‘a range of trust services to HNW individuals, families, private banks and offshore trust companies’. Furthermore, one interviewee stated that Appleby is ‘probably the best on the island, they would be the go-to people on both contentious and non-contentious matters’.
Mr. Pimentel was described as ‘probably the most respected trust litigator on the island’, and is only one of three lawyers in the Cayman Islands ranked in Band 1 in the Ranked Lawyers category. Appleby lawyers in other jurisdictions were also recognised in Bands 1 & 2, with some being noted as ‘up and coming’ or ‘Associates to watch’. Overall, the group received high rankings.
The Chambers High Net Worth Guide draws on independent research conducted by a team of private wealth researchers. The results are based on hundreds of interviews from a cross-section of professionals.