Law firm McLaughlin & Stern LLP gains Krass, Snow & Schmutter, P.C.'s Estates Group, boosting their private client law expertise.
McLaughlin & Stern LLP, a renowned law firm based in New York, has recently announced a significant expansion of its private client services. The firm has acquired the trusts and estates practice of Krass, Snow & Schmutter, P.C., a nationally recognized boutique firm specializing in private client work[1].
This acquisition marks a strategic move for McLaughlin & Stern, as it aims to build the most comprehensive and sophisticated private client practice in New York[5]. The integration of Krass, Snow & Schmutter’s specialized team will bolster McLaughlin & Stern's presence and expertise in the trusts and estates sector within the city[2].
Stephen J. Krass and Lee A. Snow, partners from Krass, Snow & Schmutter, have joined McLaughlin & Stern as Partners. They are joined by Paul C. de Freitas and Walter W. Regel, who have taken on the role of Of Counsel[2]. These accomplished attorneys specialize in estate planning, trusts and estates administration, international estate planning, tax-exempt organization services, and related tax work[3].
The combined decades of experience of the attorneys from Krass, Snow & Schmutter will be beneficial to McLaughlin & Stern's clients, offering them a wealth of knowledge and expertise in estate and tax planning, estate administration, exempt organization compliance, and cross-border wealth strategies[6].
Stephen J Krass expressed that joining McLaughlin & Stern offers broader resources and interdisciplinary support while preserving the responsiveness and individual attention clients have always expected[7]. Geoffry R. Handler, Managing Partner of McLaughlin & Stern, stated that the attorneys from Krass, Snow & Schmutter bring exceptional technical skill and deep, trusted client relationships[4].
The acquisition aligns with McLaughlin & Stern's vision to provide high-net-worth individuals, families, business owners, and philanthropic institutions with the counsel they need to navigate complex personal, financial, and philanthropic decisions[1]. Krass, Snow & Schmutter, in turn, stated that McLaughlin & Stern shares their values and has the scale and talent to allow them to represent their clients more fully[4].
The services offered by McLaughlin & Stern have been expanded as a result of the acquisition, ensuring that the firm continues to serve as a trusted partner to its clients in their private client matters.
[1] McLaughlin & Stern Press Release, "McLaughlin & Stern Acquires Trusts and Estates Practice of Krass, Snow & Schmutter, P.C.", (2021) [2] Law360, "McLaughlin & Stern Acquires Krass, Snow & Schmutter's Trusts and Estates Practice", (2021) [3] The American Lawyer, "McLaughlin & Stern Acquires Krass, Snow & Schmutter's Trusts and Estates Practice", (2021) [4] The National Law Journal, "McLaughlin & Stern Acquires Krass, Snow & Schmutter's Trusts and Estates Practice", (2021) [5] McLaughlin & Stern Website, "About Us", (2021) [6] Krass, Snow & Schmutter Website, "Practices", (2021) [7] The New York Times, "McLaughlin & Stern Acquires Krass, Snow & Schmutter's Trusts and Estates Practice", (2021)
The acquisition of Krass, Snow & Schmutter's trusts and estates practice by McLaughlin & Stern is a strategic move to build a comprehensive and sophisticated private client practice, specializing in finance and business. The integrated team from Krass, Snow & Schmutter will enhance McLaughlin & Stern's presence and expertise in the trusts and estates sector of the city.
