Venable Expands Chicago Wealth Planning with David Berek's Expertise

What's Happening?

Venable LLP has announced the addition of David Berek as a partner in its private wealth planning practice in Chicago. Berek brings extensive experience in advising wealthy families, closely held and family-owned businesses, corporate executives, and privately owned family offices. His expertise includes advanced wealth planning and sophisticated transfer-tax strategies, with a focus on cross-border and international estate planning. Berek is also noted for his contributions to legal literature, being a co-author of the LexisNexis treatise 'Illinois Estate Planning, Will Drafting and Estate Administration Forms with Practical Commentary' and the author of CCH’s 'Federal Income Taxation of Decedents, Estates and Trusts.' Prior to joining Venable, Berek was associated with Mayer Brown.

Why It's Important?

The addition of David Berek to Venable's Chicago office is significant for the firm's strategic growth in the wealth planning sector. Berek's expertise in complex estate planning and tax strategies enhances Venable's ability to serve high-net-worth clients and family-owned businesses, which are crucial segments in the legal and financial advisory market. This move could potentially increase Venable's market share in the competitive field of wealth management and estate planning, offering clients more comprehensive services. The firm's ability to attract such a seasoned professional underscores its commitment to expanding its capabilities and influence in the legal industry.

What's Next?

With Berek's integration into Venable, the firm is likely to strengthen its service offerings in wealth planning, particularly in areas requiring intricate tax and estate planning solutions. This could lead to further recruitment of specialists in related fields to support and expand the practice. Clients may expect enhanced advisory services, especially those with international estate planning needs. The firm's growth strategy may also involve targeting new markets and expanding its client base, leveraging Berek's expertise and reputation.