Law Firm Withers’ Family Office Group Advises Ultra-Rich (2)

Withers started out representing landed gentry in late 19^th century Britain, but the law firm is now part of a growing global family office sector, and functions as an adviser on the “legal and emotional” issues that go hand-in-hand with being ultra-rich.

There’s been an “explosion” in extraordinary personal wealth over the past 20 years, said Withers’ New York-based Chairman Ivan A. Sacks. As a result, “family offices have become an increasingly important cohort of the investment market.”

The businesses are often linked to private wealth banking and investment, but family office practices also are found at a ...