Work in Bermuda

A newspaper in Bermuda published an article yesterday about getting a Canadian law degree and going to Bermuda to work. I remember our tax professor in England spoke of lawyers who work in Bermuda and spend all their time registering companies to take advantage of tax shelter laws. Apparently, if you sit on the Board of Directors for about 40 companies and manage their records, then you can earn a decent living. The article seems to buttress the notion as actually viable.

Upon qualification with a [Canadian] provincial law society, a person is eligible to be admitted as a barrister and attorney in Bermuda.
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Like Bermuda, the legal system in most Canadian provinces is based on the English common law. The exception is Quebec, which has a civil law system.

If anyone is actually planning on pursuing this option, I would love to read your thoughts.