New York-based law firm Sterlington has hired new leadership for its private wealth work with clients.
Daniel Cooper, Emalee Welsh and Daniel Carmody have joined Sterlington from competitor law firm Morgan Lewis, where they also worked with private wealth clients. The new team will offer wealth management guidance to ultra-high-net-worth individuals, family offices and businesses on estate planning, tax, wealth transfer and business succession.
Sterlington’s practice works with founders, senior executives, UNHW individuals and family offices and their related businesses, which made building its private wealth specialties a focus, said Christopher Harrison, head of the firm’s corporate and M&A practice. The firm found Cooper and his team through a national recruitment search.
“Dan Cooper and his team’s practice is synergistic with what we’ve got at the firm,” he said, noting that additional members of Cooper’s team will be joining in the coming weeks.
According to Cooper’s LinkedIn, he was a partner at Morgan Lewis for 13 years. He specializes in wealth management, estate and gift tax planning, family business succession and philanthropy.
Welsh will join him as deputy head of the practice. She has been at Morgan Lewis for over eight years, specializing in “designing and implementing sophisticated wealth transfer plans for UHNW individuals, owners of privately held businesses, entrepreneurs and multigenerational family groups.”
Carmody, who has been with Morgan Lewis for over five years, will advise on tax issues and structuring partnerships, limited liability companies and Subchapter S corporations.
According to a spokesperson, attorneys Mary Messihi and Paul Jebely performed the firm’s private wealth services, including work with family offices, before the hires.
Harrison said Sterlington’s work ranges from assisting celebrities with their business operations to helping executives set up compensation arrangements when taking on new, highly paid roles.
“We work with those people who are in the process of getting wealthy, when it’s very beneficial to have a team to help them plan for that at an early stage, and then again manage it at a later stage,” he said.
In March, Sterlington brought on new partner Lawrence Waks, a corporate lawyer for celebrities and their businesses who advises on deals such as George Clooney’s sale of his Casamigos Tequila brand.
Cooper’s team will be based in the Philadelphia office of the law firm.
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