Observers say Boston is technology tips legal services

Mintz, Levin, Cohn, Ferris, legal services technology tips

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Observers say Boston is unique in the number of law firms involved in asset management. Many say the practice took root generations ago, when old-money clients turned to their lawyers for a host of different services, including wealth management. It's rare legal services today for a law firm to break into this business and compete against the legal services slew of mutual fund companies, investment advisers and law firms working in legal services Boston. Few, however, find Mintz Levin's move all that surprising. "It's an attractive business that at this point is going to others," said Hemenway & Barnes' managing partner, Michael Elefante. Hemenway & Barnes manages $2.7 billion in client trust accounts. Mintz Levin Financial Advisors LLC, the new subsidiary, currently has 300 clients with a total of $300 million in assets most of which is longstanding business that the principals at Mintz Levin Financial Advisors brought with them when the subsidiary opened.

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Mintz, Levin, Cohn, technology tips Ferris, Glovsky & Popeo P.C. is trying its hand at asset management. Officials at the firm hope to manage $1 billion through its newly created financial advisory subsidiary within five years. "With the volatility of both the stock market and the global economy, we are convinced that this is a timely endeavor which will be of great interest to both current and future clients," said Mintz Levin managing partner Irwin Heller in a statement when the financial advisory subsidiary opened. Law firms technology tips represent some of the most venerable players in Boston's technology tips powerful, highly competitive asset management arena. Firms like Hale & Dorr and Hemenway & Barnes manage billions of dollars in assets.

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