holland & hart improved its non-public consumer and tax practices, including a six-lawyer crew in salt lake city, utah, from neighborhood firm kirton mcconkie.
the organization bolsters holland & hart’s wealth, property, employee benefits and tax planning offerings for clients. their addition comes as holland & hart and others face improved competition in salt lake metropolis from the usa’s largest law corporations.
“with utah’s burgeoning economic system, we’re seeing accelerated call for for our offerings helping excessive internet well worth clients protect their wealth via proactive making plans and control to facilitate tax efficient generational wealth transfer,” said steve younger, chief of the denver-based company’s tax and advantages exercise organization, in a announcement.
kirkland & ellis, wilson sonsini and foley & lardner are a number of the essential regulation companies which have planted a flag in salt lake metropolis with new places of work inside the remaining 12 months. the region is considered a burgeoning hub for tech startups and project capital cash.
brent andrewsen and thomas mecham are joining holland and hart as companions, while brad lowe is joining in of recommend role. the three different kirton mcconkie legal professionals are joining as buddies.
andrewsen advises people and corporations on charitable making plans, wealth control and commercial enterprise planning, in keeping with the company. mecham makes a speciality of estate planning strategies for excessive-well worth customers. lowe counsels personal and public agencies on worker blessings and government reimbursement, holland & hart stated.
holland & hart employs about four hundred lawyers, along with extra than 150 fairness partners, largely in places of work straddling the rocky mountains.
young stated in an interview that he doesn’t see the big regulation firms descending on salt lake town as opposition in personal wealth control place.
“the attorneys in those firms seem to be more corporate and litigation kinds,” he said. “i don’t understand of any tax companies that have come here.”
but he additionally doesn’t count on those firms to be the closing to set up shop within the metropolis.
“the secret that the intermountain west is a fantastic region to stay and work is out,” he said.
younger also stated the firm have been regularly adding to its tax capacity, and had been searching for a decade to discover a personal wealth tax organization “to do comparable work and have synergy with the institution’s existing tax potential.”
the company’s customers consist of wells fargo & co., which holland & hart lawyers are defending in a lawsuit alleging that the financial institution aided and abetted a attorney-led ponzi scheme. chevron corp., deere & co., mckinsey & co., and novartis ag are a number of the firm’s other clients.
the organization mentioned $296.6 million in gross sales last 12 months, making it the 119th biggest in the united states of america, consistent with the yankee lawyer.