Legg Mason of Baltimore, Md., has announced it has entered into a joint venture with Bingham Dana LLP, an international law firm based in Boston, to offer investment management and trust administration services for Bingham Dana's clients.

In forming the new venture, Legg Mason bought a 50 percent stake in Bingham Dana's trust business for an undisclosed sum. The new entity is named Bingham Legg Advisers, said Peter Simmons, president of the new venture.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.