Aldrich & Bonnefin

What Aldrich & Bonnefin does

Aldrich & Bonnefin, PLC is a California-based boutique law firm founded in 1985 by Mark E. Aldrich that provides specialized legal services exclusively to financial institutions. Operating from its headquarters at 1920 Main Street, Suite 800, Irvine, the firm serves state-chartered and federally chartered banks, credit unions, savings associations, and money service businesses (MSBs) including FinTech payment providers. Practice areas span Banking Operations & FinTech, Commercial & Asset-based Lending, Consumer & Mortgage Finance, Corporate & Securities, Electronic Payment Systems, Financial Institution Regulatory Matters, Financial Privacy, Information Security, Money Service Businesses, and Real Estate Lending — collectively covering the full regulatory perimeter imposed by FDIC, CFPB, FRB, OCC, FinCEN, NCUA, and the California DBO.

The firm generates revenue through two primary streams: (1) fixed-fee and hourly legal consultation and representation for individual matters (regulatory compliance, corporate governance, lending documentation, enforcement defense), and (2) recurring flat-fee subscriptions through the affiliated Bankers' Compliance Group (BCG), founded in 1981 by Mark Aldrich. BCG is a membership organization of over 130 independent California financial institutions that share legal counsel costs in exchange for monthly newsletters, monthly attorney telephone briefings, seminars, Standard Procedure Manuals, and a limited number of included legal consultations per month, with additional matters billed separately. The firm also delivers in-house director training programs covering Bank Director Certification, BSA/AML Compliance, Commercial Lending, and CRA Consulting.

The firm's competitive positioning rests on 40+ years of domain specialization, an attorney roster drawn substantially from prior in-house counsel roles at institutions such as Security Pacific National Bank, Toyota Motor Credit, Resolution Trust Corporation, Bank of America, and Wells Fargo, and deep integration with the California Bankers Association (where Mark Aldrich served as Director Certification Program instructor for over 14 years). The firm maintains no subsidiaries, has not raised outside capital, and operates as a privately-held California professional law corporation with no public listing. Janet Bonnefin, after whom the firm was named, has retired; Joel N. Cook serves as President and CEO.

Name

Aldrich & Bonnefin

Legal name

Aldrich & Bonnefin, PLC*

Website

https://ablawyers.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Aldrich & Bonnefin is a California-based boutique law firm founded in 1985 that provides specialized legal services to banks, credit unions, savings associations, and money service businesses. It operates the Bankers' Compliance Group, a flat-fee legal services organization serving over 130 independent California financial institutions.

Ownership category

akta.pro rank

Product category

Banking & Financial Institution Legal Services

NAICS

Offices of Lawyers (541110), Legal Services (5411)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Regulatory & Compliance Law (BPAHAAAC)

akta.pro secondary industries

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI), Corporate Governance, Entity Management & Board Management (BPAEAPAL)

Keywords

• Banking law services
• Financial institution counsel
• Regulatory compliance law
• Corporate governance law
• Money transmitter licensing

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Legal Consultation and Representation: The firm provides legal consultation and representation to financial institutions on a fixed-fee and hourly fee basis. Clients are billed for individual legal matters including regulatory compliance, corporate governance, lending documentation, and enforcement defense.
2. Bankers' Compliance Group (BCG) Membership Fees: BCG members (over 130 independent financial institutions) share the cost of legal fees on a flat-fee basis, which covers monthly newsletters, monthly telephone briefings with attorneys, three telephone/email legal questions per month, all-day seminars, and standard procedure manuals. This provides a recurring, predictable revenue stream from the group.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Aldrich & Bonnefin, PLC* is a California law firm founded in 1985 that exclusively serves banks, credit unions, savings associations, money service businesses, and other financial industry clients with specialized legal services. Its core offering covers ten practice areas including banking operations and FinTech, commercial and asset-based lending, consumer and mortgage finance, corporate and securities, electronic payment systems, regulatory matters, financial privacy, information security, money service businesses, and real estate lending. The firm also operates the affiliated Bankers' Compliance Group® (BCG), a group legal services membership of over 130 independent financial institutions sharing legal counsel on a flat-fee basis, and delivers in-house training programs on banking compliance topics.

Product overview

Aldrich & Bonnefin is a law firm (not a technology company) that provides comprehensive legal services to California financial institutions. The firm operates as a single legal practice with multiple specialized practice areas including Banking Operations & FinTech, Commercial & Asset-based Lending, Consumer & Mortgage Finance, Corporate & Securities, Electronic Payment Systems, Financial Institution Regulatory Matters, Financial Privacy, Information Security, Money Service Businesses, and Real Estate Lending. The firm also operates the Bankers' Compliance Group® as a subsidiary group legal services organization.

Differentiator

Problem solved

Functional benefit

Brands

• Bankers' Compliance Group®: A group legal services organization founded in 1981 by Mark Aldrich, comprising over 130 independent financial institutions. Aldrich & Bonnefin acts as legal counsel for BCG members.

Products and services

• Banking Operations & FinTech Legal Services Legal counsel for financial institutions on banking operations and financial technology services, covering compliance considerations for FinTech solutions, technology provider agreements, Internet banking, cash management, and smart card implementation.
• Commercial & Asset-based Lending Legal Services Legal representation for commercial lending to businesses and individuals, including asset-based lending, equipment financing, inventory financing, loan participations, and commercial letters of credit.
• Consumer & Mortgage Finance Legal Services Legal guidance on consumer finance matters and mortgage finance, including Truth in Lending Act compliance, ARM disclosures, and home equity line of credit disclosures.
• Corporate & Securities Legal Services General counsel services for businesses in the financial industry, including new bank organization, corporate governance, mergers and acquisitions, and securities filings.
• Electronic Payment Systems Legal Services Legal representation for financial institutions implementing electronic payment systems, including smart cards, mobile banking, and Check 21 compliance.
• Financial Institution Regulatory Matters Legal Services Legal counsel for financial institutions navigating regulatory compliance, including examination preparation, safety and soundness exams, BSA exams, and regulatory enforcement responses.
• Financial Privacy Legal Services Legal assistance with financial privacy compliance, including development of privacy procedures, customer-facing privacy policy drafting, and Gramm-Leach-Bliley Act compliance.
• Information Security Legal Services Legal counsel for information security compliance, including data breach response, breach notification procedures, and Gramm-Leach-Bliley Act requirements.
• Money Service Businesses Legal Services Legal representation for money transmitters, check sellers, stored-value companies, and other money service businesses, covering licensing, compliance, and anti-money laundering requirements.
• Real Estate Lending Legal Services Legal assistance for commercial real estate loans and real estate leasing transactions, including construction loans, permanent loans, and environmental and title insurance matters.
• Bankers' Compliance Group® (BCG) Membership Recurring group legal services membership for independent financial institutions covering monthly newsletters, monthly telephone briefings, three telephone/email legal questions per month, all-day seminars, and standard procedure manuals.
• In-House Training Programs Director and staff training programs covering Bank Director Certification, BSA & AML Compliance, Commercial Lending, Consumer Lending & Compliance, CRA Consulting, Managing Vendor Contracts, and Master Treasury Services Agreements.

Named customers16 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bankers' Compliance Group (BCG)coreOthersBCG was founded in 1981 by Mark Aldrich. Aldrich & Bonnefin acts as legal counsel for the banking and financial institutions that constitute BCG. BCG is an organization of over 130 independent financial institutions (banks, credit unions, savings associations) that have banded together to share legal counsel for group legal services on a cost-effective, flat-fee basis. Aldrich & Bonnefin handles all practice areas relevant to financial services industry for BCG members.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aldrich-&-bonnefin-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aldrich & Bonnefin