Willkie Farr & Gallagher, a prestigious law firm recognized for its global legal services, has strengthened its private wealth management capabilities by bringing on board Ken Halcom as a partner in the New York office. Halcom arrives from Loeb & Loeb, where he accrued significant experience in advising high-net-worth individuals on a range of complex wealth management issues.
Halcom’s move underscores a strategic enhancement for Willkie’s existing private wealth practice. Known for his expertise in estate planning, tax, and succession strategies, Halcom’s addition is expected to broaden the firm’s service offerings in advising affluent clients. He has a reputable background in handling family office matters, charitable planning, and the administration of estates and trusts
The recruitment of Halcom aligns with a broader trend in the legal industry where major firms are increasingly bolstering their private client divisions. These divisions are becoming vital as firms aim to cater to the growing demand for sophisticated tax planning and wealth preservation services. This move allows Willkie to further establish itself as a notable player in the market for high-net-worth individual services, competing with other leading firms in New York.
As private wealth management becomes more complex due to evolving regulations and global economic conditions, law firms are adapting by recruiting seasoned professionals with specialized knowledge. Willkie’s recent hiring decision is a reflection of this dynamic. According to a recent Bloomberg Law article, the firm’s decision to recruit experienced professionals from established competitors speaks to Willkie’s commitment to expanding its influence and capabilities in this sector. More details on Halcom’s recruitment can be found here.