Law firm heavyweights Torys, Willkie Farr, and Stikemans found themselves steering a hefty CA$5B merger between Fairstone Bank and Home Trust, in a deal that stands to establish the leading alternative lender in Canada. Although no further details were disclosed due to an article paywall, it suggests intense behind-the-scenes negotiations and potential shifts in the Canadian banking industry.
This merger is only the latest in a series of major financial exchanges involving high-profile legal firms. Professionals across the industry will no doubt be watching closely as details of the merger emerge.
The news comes not long after the passing of Willkie Farr & Gallagher LLP’s long-standing partner and co-chairman, Richard “Dick” K. DeScherer, who served the firm for over 24 years before joining the Bloomberg organization in 2012. His profound knowledge, experience, and civic involvement will be dearly missed by many.
To read more in-depth about the Fairstone Bank and Home Trust merger, visit the original article at law.com.