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.
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 semi-annual ICI Investment Company Directors' Conference. Mr. Newman has published numerous papers for these and other industry programs and is a contributing author to Mutual Fund Regulation, a PLI treatise on the regulation of investment companies.
PROFESSIONAL EXPERIENCE
Following graduation from law school, Mr. Newman served as law clerk for the Honorable Robert E. Keeton, U.S. District Court Judge for the District of Massachusetts.
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 The Best Lawyers in America.