Citi Private Bank

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The Firm


Hecht & Cohn is a leading law firm headquartered in New York City.

To help accelerate the availability of funds and optimize interest earned on idle cash balances, we provide the firm receivables management strategies and liquidity management products.

The firm appoints us as a neutral third-party escrow agent for various transactions to help reduce administrative and reporting burdens and oversee disbursements.

The firm seeks to establish a presence in Los Angeles, and we finance the purchase and renovation of its new premises.

Hecht & Cohn relies on Citi Private Bank Law Watch for the latest insight into the industry’s trends and performance and attends our events and retreats to network with peers and legal experts.


All persons mentioned on this page are fictional and were created for illustrative purposes only. Any resemblance to real persons is a coincidence and unintended.This scenario is hypothetical and for illustrative purposes only. It does not take into account the investment objectives, risk profile or financial situation of any particular person and as such, strategies may not be suitable for all investors. Nothing on this page is intended to be an offer to purchase or sell, or a solicitation of an offer to purchase or sell, any security.No inference should be drawn that any investment product or strategy referred to was actually implemented on behalf of a client, or if it was, that it was successful.

Investments in securities involve risks and may lose value. Investment products are not deposits or other obligations of, or guaranteed by, Citibank, its affiliates or any other depository institution. Investment products are not insured or guaranteed by the U.S. Government, the Federal Deposit Insurance Corporation or any other government agency and may lose value.

The information contained is not intended to be an exhaustive discussion of the strategies or concepts mentioned herein or tax or legal advice. Neither Citigroup nor any of its affiliates provides tax or legal advice. You should obtain advice based on your own individual circumstances from your tax, financial, legal and other advisors about the risks and merits of any strategy before making an investment decision, and only make such decisions on the basis of your own objectives, experience, risk profile and resources.


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