Your law firm and partners have complex business and financial needs that extend beyond the typical banking relationship. Wells Fargo Legal Specialty Group, a division of Wells Fargo Wealth Management, helps meet these needs by providing access to customized solutions developed in collaboration with your firm and partners.
Years of hands-on involvement with the nation’s most successful law firms has given us a distinct perspective on law firm finances. From your simplest daily transaction to your most complex investment decision, our team’s deep industry knowledge and commitment to personalized service can help build and preserve your firm’s financial foundation.
A team built for your firm
A Legal Specialty Group relationship manager, who is your primary point of contact, serves as a key strategic resource for your firm, coordinating a team of Wells Fargo specialists to help meet your specific needs.
Three times a year the Legal Specialty Group gathers and compiles law firm data into our Comparative Analytical Tool (CAT) including billable hours, revenue per attorney, profit, headcount, and trends by region and sector. CAT’s proprietary research methodology can help you benchmark your firm’s financial position, adjust your short- and long-term financial goals, and help ensure your firm’s longevity.
The resulting CAT report, available exclusively to participating clients, is an extensive, insightful narrative about the legal industry that can help you:
- Adopt best practice revenue drivers and expense management techniques
- Improve product development
- Plan to better meet your firm’s financial goals
Services available to your firm
- Treasury Management
- Insurance Services
- Retirement Advisory Services
- Corporate Trust and Escrow Services
- Equipment Leasing and Financing
- Foreign Exchange Services
- Employee Benefits
As a legal professional, there are many demands on your time. This, combined with the unique challenges of partner compensation, makes having a knowledgeable, experienced banker a critical part of your financial success.
A team designed around you
Your relationship manager will develop and lead a team of professionals, based on your unique needs, including specialists in planning, banking, investments, trusts, and insurance. This personalized approach—backed by the full depth and breadth of Wells Fargo offerings—takes into account your goals, assets, and needs to create a highly-integrated wealth plan.
Your dedicated relationship team will work with you to consider your:
- Personal and family wealth goals
- Preferred approach to investing and tolerance for market fluctuations
- Retirement income objectives
- Charitable interests and philanthropic giving
- Tax liabilities
- Vision for your legacy
Services available to your partners
- Wealth Planning
- Private Banking
- Credit Solutions
- Mortgage Options
- Brokerage Services*
- Investment Management
- Insurance Services
- Specialized Wealth Services