Network Firm News
Firms See a Rich Future in Trusts & Estates
Anthony Lin -- New York Law Journal -- 06-11-2003
A handful of major law firms are launching or expanding trusts and estates practices, bucking a trend toward curtailing the practice due to measly profits and the prospect of further estate tax relaxation. Guiding these efforts is a belief that a revamped trusts and estates -- or "wealth management" -- practice can not only be highly profitable on its own but can also generate business across the firm and beyond.