Peter Bilfield gets it. He embraced business development enthusiastically, found a niche, markets in a disciplined way and is on the fast track to being an accomplished rainmaker.
And he is delivering results that his firm respects: Peter has originated a significant and impressive level of fees for Withers Bergman in New York in 2008.
As an associate in the firms commercial group, Peter made a commitment to becoming a rainmaker for the practice group and the firm at large.
The first step was to find a viable market niche to focus on. By targeting portfolio managers at established firms seeking to start their own funds, his goal is to build a funds practice. Getting in on the ground floor of these operations, Peter assists in the structuring of the fund as well as counseling the client on the expected evolution of the fund (i.e., where investors will come from and what their tolerance will be for certain fund characteristics).
As the attorney-client relationship grows, Peter assists clients in their fund investment activities – venture capital investments, PIPEs, asset sales, refinancings, acquisitions and other liquidity events. He also uses his securities background to advise on securities filing requirements and other regulatory concerns.
Peter Bilfield is a winner of the Originate! 2008 Rainmaker of the Year Awards, judged by the Legal Sales & Service Organization (LSSO). To find out about all 5 winners, see the latest issue online at Originate! – the business development newsletter.
Throughout his firm, all attorneys are encouraged to offer fully integrated services for fund clients including estate and tax planning for the principals in order to minimize any gift and estate taxes they might incur. Peter effectively coordinates with partners to cross-sell estate and tax planning for these principals and strongly believes that the firm’s private client services will create additional value to the client and translate into substantial, additional fee income to the firm.
Peter splits his time between the
Outside of the firm, he targeted two organizations for business development purposes: the CT Hedge Fund Association and Alpha Delta Phi Fraternity.
While Peter’s originations are impressive, the inventory of specific wins shows how he worked hard …
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