News & Events

News & Events

5.30.2014

New Product Development — A Big Challenge and a Potentially Big Reward

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Lane Powell Shareholder Barry Abbott authored an article in the May/June 2014 edition of Western Independent Bankers’ Western Banker magazine titled “New Product Development — A Big Challenge and a Potentially Big Reward.” In the article, Abbott provides a short synopsis of what bankers should consider when developing new products for their institutions, based on his experiences of: (1) being involved in developing the legal documents for the first equity line product; (2) being principally responsible for developing all legal documents for the first national reverse mortgage program; (3) being the original legal counsel who helped organize The National Council of Real Estate Investment Fiduciaries; and (4) serving as general counsel to The REX Group, which developed the first true home owner-occupied option investment product and marketplace.

Read the article (PDF).