Appleby Converts To Limited Liability Company
Appleby has announced that it has converted its legal practice in Bermuda from a general partnership to a Limited Liability Company (LLC).
From tomorrow [July 1] the Appleby legal practices currently carried on by partnerships in Bermuda, Cayman Islands, Isle of Man and Zurich will be transferred to limited liability companies. Appleby’s Fiduciary business remains unchanged.
Office Managing Partner, Shaun Morris [pictured], said: “It is now common practice for law firms to convert to a limited liability partnership or LLC. The international nature and size of our business makes adopting this type of corporate structure, where we can, more practical.
“This new structure will not have any impact on our business operations and the delivery of our legal services. We remain committed to providing client services that are fully integrated and consistent across all the jurisdictions in which we operate.”
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Wasn’t aware that Bermuda had LLC legislation. Note that an LLC is an entirely different animal than what we know as a company, i.e. Ltd. or Limited.