I Am The Law

A Show About Law Jobs

Author: LawHub powered by LSAC

I Am The Law takes a deep dive into the various practice areas and settings of law. We interview law school graduates with thought-provoking questions for an insider look into the realities of a career in law, recipes for success, and the biggest challenges lawyers face today.
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Rules From 1940: Advising Investment Funds in a Modern Market
Episode 170
Wednesday, 11 November, 2026

Mutual funds and exchange-traded funds are a staple of retirement accounts, and federal law tightly controls how they operate. Abigail Hemnes, a partner at a large firm, advises these funds and the companies that manage them. In this episode, she explains how a fund with no employees gets work done and how her role differs from that of the portfolio managers who decide what to buy. She discusses rules written in 1940, shifting SEC priorities across administrations, and how she works with associates to answer client questions. Abigail also reflects on the steady pace that drew her to the practice and why the line between partners who bring in clients and those who serve them blurs when clients stay with a firm for years. Abigail Hemnes is a graduate of Northeastern University School of Law.This episode is hosted by Kyle McEntee.Mentioned in this episode:Access LawHub today!