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PHILIP H. NEWMAN

PARTNER

CHAIR OF INVESTMENT MANAGEMENT

  • J.D., 1981
    Cornell Law School
    (magna cum laude, Order of the Coif)
  • B.A., 1975
    University at Buffalo The State University of New York
  • 1981 to 1982 U.S. District Court of Massachusetts, Honorable Robert E. Keeton

Philip H Newman
Exchange Place
53 State Street
Boston, MA 02109
USA
617.570.1558

Phil Newman, a partner in the firm's Business Law Department and chair of the firm's Investment Management Practice, works primarily with registered investment companies, independent directors of investment companies, registered and unregistered investment advisers, banks and other financial services institutions in the investment management industry.

WORK FOR CLIENTS

As counsel for numerous mutual funds and their sponsors, Mr. Newman has experience in structuring multiple class and master/feeder distribution arrangements, handling mergers and acquisitions of affiliated and unaffiliated funds, and forming a variety of investment company products, including asset allocation funds, multicurrency income funds, domestic and international equity and fixed-income index funds, open-end and closed-end high-yield bond funds, precious metal funds, securitized real estate funds, and other types of money market, equity and fixed-income products. Mr. Newman regularly interfaces with the SEC staff on a broad range of regulatory matters, including exemptive order applications, no-action letters, registration statements and examination inquiries. He also has extensive boardroom experience, including the representation of independent directors of mutual funds. In addition, Mr. Newman regularly counsels banks and other financial institutions with respect to various services provided to the mutual fund industry, including custodial, transfer agency, fund accounting and securities lending services.

PROFESSIONAL ACTIVITIES

Mr. Newman is a member of the Boston and American Bar Associations and has served as co-chair of the Subcommittee on Investment Companies and Investment Advisers of the Boston Bar Association. He is also a member of the Advisory Board of the Roundtable of Independent Legal Counsel of the IDC.

MEDIA

Mr. Newman regularly speaks at mutual fund industry conferences, including the ALI-ABA Conference on Investment Company Regulation and Compliance, the annual ICI-SEC Securities Law Developments Conference and the annual Roundtable of Independent Legal Counsel of the IDC. Mr. Newman has published numerous papers for these and other industry programs and is a contributing author to Mutual Funds and Exchange Traded Funds Regulation, a PLI treatise on the regulation of investment companies.

BAR AND COURT ADMISSIONS

Mr. Newman is admitted to practice in Massachusetts.

RECOGNITION

Mr. Newman has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and Best Lawyers.