A St. Louis firm set up a subsidiary firm to do fixed-fee estate planning work, but the unusual concept is not on the table at a number of Texas firms.
August 25, 2016 at 01:00 AM
1 minute read
Texas law firm leaders could see the appeal of a St. Louis firm’s recent decision to start a wholly owned subsidiary to handle fixed-fee estates work, but they said they are unlikely to follow such a unique model anytime soon given cultural and financial concerns.
A number of large Texas firms with estate planning practices said they are not thinking about establishing a subsidiary firm for estate planning or other practices.
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