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Am Law 100 firm with practices in Business, Digital Assets and Data Management, Intellectual Property, Labor & Employment, Litigation and Tax.

Home | BakerHostetler

Alexander Reid Quoted About OpenAI in New York Times and Bloomberg’s ‘Money Stuff’ Newsletter

Robb Adkins, Rachel Ofori Publish Article on White-Collar Defense After Catastrophic Incidents

Fifth Circuit Strikes Down CTA Injunction, FinCEN Extends Deadline to Jan. 13, 2025

Bulls, Bears, and Blockchain™ – December 26, 2024

The revolutionary legacy management fintech application&nbsp;FinClar has&nbsp;been named an American Lawyer Industry Award Finalist in the “Best Use of Technology” category. Announced August 26, 2024, the awards recognize outstanding achievements and contributions made by individuals, law firms and legal departments across a variety of practice areas and specialties. Winners will be revealed at the&nbsp;black tie&nbsp;awards banquet on November 13, 2024,&nbsp;in New York City.

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Developed by Partner Jonathan Forster,&nbsp;FinClar&nbsp;(aptly named for producing financial clarity) takes the legacy management experience to the next level, giving users the ability to visualize their planning by offering explicit dashboards identifying legacy allocations among family, transfer tax exposure and a number of other extremely important inflection points.

&nbsp;It took the Private Wealth team about six years to develop the app and then two years to beta test it with clients. Some of the key advantages of&nbsp;FinClar include:

Confident decision-making – Provides clients and advisors with the information they need to make fully informed choices.

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Client independence – Gives a comprehensive view of the family’s balance sheet and legacy flow&nbsp;so clients no longer&nbsp;have to&nbsp;rely on others for timely information.

Efficiency gains –&nbsp;FinClar&nbsp;streamlines the gathering and analyzing of data, allowing clients and advisers to focus on strategy.

NexGen education – Serves as a platform for the next generation to be better stewards of the family legacy and promotes a seamless transition of legacy management knowledge.

Encourages a disciplined planning cadence needed to manage the ebbs and flows of family dynamics.&nbsp;

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To learn more about the awards, <a href="https://www.law.com/americanlawyer/2024/08/20/american-lawyer-industry-awards-and-corporate-practices-of-the-year-finalists-announced/" target="_blank" rel="noreferrer noopener">click here.</a>

American Lawyer Industry Awards Names FinClar as Finalist for “Best Use of Technology”

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