George T. Lee

George T. Lee III is a lawyer who is a leading practitioner in the area of hedge fund formation and regulatory compliance. He is also the co-founder and the Managing Partner of the Dallas, Texas-based boutique firm Lee & Stone LLP, which focuses specifically on work for the investment community. Mr. Lee is widely known and extensively relied on for his expertise in investment partnerships (particularly hedge funds), as well as his wide network on professional contacts in the investment community, particularly in Texas. Mr. Lee's clients include several of the most prominent families, family offices and hedge funds in the state and nationwide. Mr. Lee is a frequent lecturer on investment advisor and family office law.
Mr. Lee is the son of the George T. Lee Jr. (long time partner at international law firm Akin Gump Strauss Hauer & Feld) and the grandson of George T. Lee, an early Dallas attorney. Mr. Lee's great-grandfather, Edwy Rolfe Brown, was a founder, President and Chairman of the Board of Directors of the Magnolia Petroleum Company and later Chairman of the Board of the Standard Oil Company of New York (later Mobil), which acquired Magnolia in 1925. Mr. Brown was also a director of the Federal Reserve Bank of Dallas (1930-1935). Mr. Lee III has been cited by The American Lawyer and the Houston Business Journal, among other industry sources.
In November 2010, at the urging of the Securities Committee of the State Bar of Texas, Mr. Lee authored a comment letter, on behalf of the Securities Committee, to the United States Securities and Exchange Commission regarding the Commission's proposed rules with respect to family offices and registration under the Investment Advisers Act of 1940, which resulted from the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In the final release of the family office rules by the Commission, Mr. Lee's letter and observations were cited on at least five occasions, among the most cited letters together with comments from leading international law firms such as Skadden, Arps, Slate, Meagher & Flom LLP and Davis Polk & Wardwell and the American Bar Association. Mr. Lee was instrumental in advising the Commission on the variety of ownership structures used by family offices, and Mr. Lee's suggestions on several key issues were ultimately adopted by the Commission.

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