Practice Areas & Industries: Drinker Biddle & Reath LLP


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Practice/Industry Group Overview

The Investment Management Practice Group of Drinker Biddle brings a comprehensive array of proficiencies to the high-stakes and evolving investment management industry. The group’s seasoned professionals cover every aspect of the industry and are devoted to client service.

The group has a national reputation for the delivery of forward-looking, sophisticated solutions to complex and novel issues, and leadership in getting ahead of, and responding to, the regulatory impact on the industry.

The group serves a wide range of national and multinational financial services businesses, including investment advisers, commodity trading advisers, broker-dealers, commodity pool operators, banks, holding companies, trust companies, credit unions, insurance companies and diversified financial services firms. Our clients in these areas include investment companies, exchange traded funds, insurance products, private equity funds, registered and unregistered hedge funds (offshore and domestic), commodity futures funds (offshore and domestic), bank investment funds and their sponsors, underwriters and selling dealers, and service providers to the investment management industry such as distributors, fund administrators and transfer agents.

The group has been ranked repeatedly as one of the top investment management practices in the country by U.S. News & World Report-Best Lawyers, Chambers USA and The Legal 500. The depth of experience and varied competencies of our lawyers provide a consummate understanding of the legal and business issues the investment management industry encounters.

The wide scope of services offered by the group includes advice on federal and state regulatory compliance, business formation, governance issues, transactions, distribution matters, anti-money laundering and privacy issues, administrative proceedings and litigation, registration, documentation and agreements, operational issues, and product design and creation.

We have a strong record of innovation and involvement with novel investment management developments spanning more than a quarter century. They include:

  • organization of registered hedge funds,
  • registration of exchange traded funds,
  • registration of the first Community Reinvestment Act mutual fund for banks,
  • development of an approach which has saved clients substantial SEC registration fees in connection with mutual fund reorganizations,
  • registration and organization of the first bank-advised mutual fund serving as the underlying investment vehicle for variable annuity products, and
  • creation of the first institutional money market and tax-exempt money market funds.