Twitter Logo Youtube Circle Icon LinkedIn Icon

United States > Dispute resolution > Financial services: litigation > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Financial services: litigation
  2. Leading lawyers
  3. Next generation lawyers

Leading lawyers

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Financial services: litigation clients in United States using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

All named individuals are based in New York, unless otherwise indicated.

Cravath, Swaine & Moore LLP provides ‘thoughtful and thorough advice’ to a broad range of financial institutions on their most strategically important disputes. Noted for his ‘credibility and creativity’, Richard Clary has led Credit Suisse to numerous important victories in RMBS cases and recently represented it in an appellate hearing seeking to overturn the decision to deny the bank’s motion to dismiss - on the grounds of an expired limitation period - the $11bn damages case brought against it by the New York Attorney General. Alongside John Buretta and Michael Reynolds, Clary is also defending Credit Suisse in a sanctions case brought by US soldiers wounded in Iraq, alleging that it, along with other European banks, helped process monetary transactions for certain Iranian banks, which in turn were accused of funding Iran-backed terrorist groups. Buretta is also defending Nomura as one of the defendants accused of colluding to rig the agency bond market. Michael Paskin recently received plaudits for his innovative representation of the Argentinian government in its long-running creditor dispute, which enabled it to return to the global capital markets and thereby pay back its creditors. Daniel Slifkin was also involved in that case and is a key partner in the team that includes the ‘hardworking and astuteRobert Baron and Lauren Moskowitz.

Drawn from its shareholder litigation, white-collar and restructuring groups, Davis Polk & Wardwell LLP’s financial services litigation offering provides an ‘excellent service’ to an impressive roster of clients, including Citigroup, RBS and Standard & Poor’s. James Rouhandeh continues to defend JPMorgan in a slew of RMBS-related private litigation and regulatory investigations, including securing the dismissal, on standing grounds, of Dexia Holdings’ claims relating to over $620m in RMBS purchases. Having previously occupied senior positions at the White House and Department of Justice (DOJ), Jennifer Newstead has strong credibility before the agencies and is a natural choice for high-level government investigations involving financial services institutions. She regularly handles economic sanctions and anti-money laundering (AML) matters and recently defended Intesa Sanpaolo in high-profile sanctions, Office of Foreign Assets Control (OFAC) and criminal investigations, which resulted in a public declination to pursue criminal charges. Formerly at the SEC, Washington DC-based Linda Chatman Thomsen also has huge credibility before the regulators and recently represented credit rating agency DBRS in an SEC investigation into its alleged misrepresentation of its mortgage bond rating capabilities. Thomsen is also well versed in Foreign Corrupt Practices Act (FCPA) matters and alongside Washington DC-based Raul Yanes, who heads the firm’s white-collar criminal defense and government investigations group, represents numerous global financial institutions in FCPA investigations into hiring practices in Asia. Lawrence Portnoy is also recommended.

Paul, Weiss, Rifkind, Wharton & Garrison LLP handles high-stakes litigation, regulatory investigations and enforcement proceedings on behalf a varied mix of financial services clients, including JPMorgan Chase, SAC Capital and iStar Financial. Brad Karp continues to represent Citigroup in financial crisis-related disputes and recently secured the dismissal of a ‘holder’ claim seeking damages in excess of $800m as a result of the bank’s alleged misrepresentation of its exposure to subprime-related assets. The firm also recently concluded its long-running representation of Deutsche Bank following the bank’s $2.5bn settlement with authorities in the US and UK with regard to the multi-jurisdictional investigation into Libor manipulation. In another victory on behalf of the German bank, using a limitation period defense, the firm successfully secured the dismissal of claims brought by Aozora Bank that it had deliberately collateralized a CDO in which the Japanese bank had invested with RMBS that it believed were likely to decline in value. Formerly deputy director of enforcement at the SEC Walter Ricciardi has high credibility before the agencies and as well as playing a prominent role in the Deutsche Bank Libor settlement, is also representing Virtu Financial in litigation and regulatory and investigative matters concerning high-frequency trading. Daniel Kramer’s ‘well-established reputation for both ethical and intellectual integrity translates into a deep and instant credibility with regulators and opposing counsel, making his representation of client interests that much more effective’. Other recommended partners include Richard Rosen, Bruce Birenboim and Washington DC-based Charles Davidow.

Due to its absence of transactional work within the sector, litigation behemoth Quinn Emanuel Urquhart & Sullivan, LLP is unfettered in its ability to bring cases against the major money-center banks and is recognized as the ‘undoubted leader’ for the representation of institutional investors in many of the largest cases arising out of the financial crisis. The ‘excellent’ Philippe Selendy has an emphasis on litigation involving complex financial products and is perhaps best known in the market for his representation of the Federal Housing Financial Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, in RMBS litigation brought against the majority of the US banking industry. Having settled actions against Bank of America, Merrill Lynch and countless others (recovering approximately $20bn for FHFA), Selendy recently successfully represented the FHFA in a four-week bench trial against Nomura and RBS. Daniel Brockett has handled numerous market manipulation cases and recently secured nearly $1.9bn in damages for a class of buy-side investors alleging collusion in the credit default swaps (CDS) market. Peter Calamari is representing monoline insurer FGIC in a high-profile case brought against collateral manager Putnam Advisory alleging that it allowed hedge fund Magnetar Capital to select collateral for a $1.5bn CDO in which it held a short position. Jonathan Pickhardt, Andrew Rossman, and Los Angeles-based lawyers Harry Olivar and Molly Stephens are also recommended.

Leveraging the firm’s transactional expertise and regulatory nous, Simpson Thacher & Bartlett LLP’s litigation group is frequently at the forefront of many of the highest-profile financial services-related disputes in the market, for clients including UBS, KKR and Blackstone. The firm has had a leading role for numerous financial services clients in RMBS litigation, including representing Deutsche Bank and RBS in eight of the 17 cases brought by the FHFA. David Woll recently secured a notable victory for Deutsche Bank’s affiliate structured products group in a ‘put back’ action when he persuaded the New York Court of Appeals that the breach of contract claims were barred by the statute of limitations. The firm is also representing Bank of America (on behalf of its Countrywide subsidiaries) in a multibillion-dollar case brought by monoline insurer Ambac alleging Countrywide breached representations and warranties it made in connection with certain RMBS deals. Praised for his ‘attention to detail’, Peter Kazanoff recently represented Walter Investment Management, one of the country’s largest non-bank servicers of subprime mortgages, alleging it misled investors about its compliance with consumer protection laws and other applicable regulations. Paul Curnin, Thomas Rice, Jonathan Youngwood and Craig Waldman are also recommended.

Based out of New York, Washington DC and Illinois, and also aided by a broad international footprint, Skadden, Arps, Slate, Meagher & Flom LLP is well placed to represent major financial institutions in reputation-threatening private litigation, as well as in overlapping domestic and multi-jurisdictional agency enforcements and investigations. Jay Kasner has had a wide exposure to financial crisis-related litigation and alongside Scott Musoff, in what was the first-ever repurchase action brought by an RMBS trustee to go to trial, is representing UBS Real Estate Securities in a $2bn RMBS breach of contract claim. Washington DC-based Jamie Boucher has a strong track-record for sanctions investigations and after a seven-year multi-jurisdictional regulatory investigation recently secured a favorable conclusion for Crédit Agricole with a global resolution that included a deferred prosecution agreement and a $787m fine. John Carroll has vast experience representing financial services clients in regulatory fraud investigations and was recently at the forefront of the firm’s multi-jurisdictional representation of JPMorgan Chase - which included input from London and Hong Kong - in the settlement of government investigations into its alleged role in manipulation within the forex market. Washington DC-based partners Joseph Barloon and Anand Raman are recommended for consumer finance disputes.

Sullivan & Cromwell LLP has a multi-disciplinary approach to work within the financial services sector and represents an impressive list of European and US banks across numerous forums, including government investigations and enforcement actions and private litigation. The ‘excellent’ Robert Giuffra continues to handle a range of contentious work for UBS, including successfully defending it - by arguing that the New York state court was not the correct forum - in a $30m fraud case instigated by Korea-based Hanwha Life Insurance concerning the alleged misrepresentation of two complex investment vehicles it purchased from UBS in Hong Kong. Richard Klapper has been pivotal to the firm’s ongoing defense of Goldman Sachs in RMBS-related investigations and private litigation, which recently culminated in a negotiated almost $5.1bn settlement with the DOJ. Jeffrey Scott has secured a string of notable victories for Barclays, including as a defendant in a ‘Flash Boys’-inspired claim relating to its internal trading venue. Although the firm is largely focused on the wholesale banking sector, Nicolas Bourtin and Washington DC-based Christopher Viapiano are currently acting for retail bank Wells Fargo in a high-profile dispute concerning employee sales incentives and practices. Sharon Nelles is also recommended, as is Elizabeth Davy, who specializes in AML, OFAC sanctions compliance and enforcement, and internal investigations.

Leveraging the expertise of nine former federal prosecutors, as well as a ‘market-leading’ regulatory practice, Cleary Gottlieb Steen & Hamilton LLP’s New York and Washington DC based team displays ‘deep industry knowledge’ across the spectrum of key issues facing financial services institutions. ‘Heavily involved in antitrust-related financial services investigations and litigation’, the firm has had a pivotal role for numerous banks, including Goldman Sachs, Citigroup and HSBC, on the coordinated global investigations (and related civil litigation) surrounding their involvement in the market manipulation of various financial benchmarks, including Libor and forex. Washington DC-based Robin Bergen and Giovanni Prezioso ‘have excellent knowledge of mortgage-backed securities’ and alongside Lewis Liman continue to be active in agency investigations into the alleged mis-selling of RMBS and other complex structured finance products, including the ongoing representation of a global financial institution in an industry-wide investigation by the New York Attorney General into credit ratings assigned to certain CMBS transactions and tranches. The firm is also at the vanguard of heightened scrutiny surrounding AML procedures and the effective management of sanctions risks among financial institutions; it is defending numerous foreign banks, including Credit Lyonnais and Commerzbank, in litigation related to The Anti-Terrorism Act. David Brodsky, Lev Dassin, Meredith Kotler and Victor Hou are also recommended. The team was bolstered by the arrival in January 2017 of Washington DC-based partner Matthew Solomon from the SEC.

Combining a burgeoning financial services regulatory presence, which includes such luminaries as Arthur Long, with ‘top-notch’ commercial litigation capability, Gibson, Dunn & Crutcher LLP is increasingly involved in high-profile private litigation and regulatory enforcement actions. Benefiting from a leading administrative law practice, the firm has a strong reputation for challenging agency implementation of Dodd-Frank provisions before the courts. In what was the first legal challenge to a Financial Stability Oversight Council (FSOC) designation, Washington DC-based partner Eugene Scalia was successful in arguing for the removal of client MetLife’s ‘systemically important financial institution’ (SIFI) label. Lawrence Zweifach has been involved in numerous antitrust-related financial services matters and, as part of his long-running defense of UBS against allegations of forex manipulation, recently achieved a negligence-based settlement with the SEC regarding the bank’s issuance of structured notes linked to a proprietary forex trading strategy. The team is also able to leverage its ‘premier appellate offering’, as was recently exemplified by Washington DC-based partner Theodore Olson’s representation of PHH Corporation in what is the first appellate challenge on constitutional grounds to a Consumer Financial Protection Bureau (CFPB) administrative enforcement proceeding. Based in Washington DC, former Treasury official Amy Rudnick is a key member of the team and also heads up the firm’s renowned Bank Secrecy Act and AML practice, which was strengthened in April 2016 by the arrival of Washington DC-based Stephanie Brooker from the enforcement division of the Department of Treasury’s financial crimes enforcement network.

Headed by David Freeman, Arnold & Porter Kaye Scholer LLP is particularly noted for its ‘excellence at handling agency examinations and investigations’. Although it perhaps lacks the volume of high-profile private litigation of some of the market leaders, led by Howard Cayne, and with key support from firm chairman Richard Alexander, the team continues to represent the FHFA in numerous cases, including successfully securing the dismissal of multiple actions brought against it by Fannie Mae and Freddie Mac shareholders challenging an amendment to the funding agreements between the Treasury and FHFA in its capacity as conservator of Fannie Mae and Freddie Mac. Michael Mierzewski is regularly involved in antitrust-related financial services matters and continues to defend Visa in class actions regarding its interchange rates. San Francisco-based partner Gilbert Serota has handled several cases for Charles Schwab, including defending it in two class actions brought by a putative class of retail brokerage customers alleging that it failed in its best execution duty regarding equity trades. As part of his broad ranging business litigation expertise, San Francisco-based Peter Obstler has an excellent track record handling consumer class actions for a range of financial institutions, including JP Morgan Chase, which he is representing in three interrelated class actions concerning the application of California’s anti-deficiency laws to the bank’s collection practices following short sales or foreclosures. Other clients include American Bankers Association, CIT Bank and Wells Fargo. Named lawyers are based in Washington DC unless otherwise stated.

Latham & Watkins LLP provides ‘knowledgeable and practical advice’ to a broad range of financial institutions in the defense of government enforcement actions and investigations as well as private litigation. The ‘excellentRichard Owens is involved in many of the most significant issues facing the banking industry, including acting for numerous employees from different banks in high-profile investigations into forex and ISDAfix manipulation. As well as also being involved in the forex manipulation investigations, the ‘business-orientedChristopher Clark recently helped secure a multibillion-dollar payout from the Argentinian government on behalf of a group of hedge fund creditors in the protracted sovereign debt litigation. The team also benefits from the expertise of numerous former high-ranking government lawyers, including ex-lead counsel for President Obama Kathryn Ruemmler, who is based in Washington DC and recently showcased her trial skills in a victory on behalf of Emirates NBD Bank in a two-and-a-half week jury trial surrounding the alleged misappropriation of trade secrets. Miles Ruthberg regularly defends major accountancy firms and alongside Peter Wald recently secured a favorable result for Deloitte & Touche against a $3.5bn negligent misrepresentation claim brought by Freddie Mac. The firm was also recently bolstered by a number of significant hires, including Michael Lacovara, who joined in June 2016 from Freshfields Bruckhaus Deringer LLP, and Sandeep Savla, who joined in November 2015 from Crédit Agricole.

At Sidley Austin LLP, Andrew Stern has handled numerous market manipulation matters, including for Standard Chartered Bank in consolidated class action litigation alleging forex manipulation by it and other banks. Robert Pietrzak and Alex Kaplan continue to defend brokerage firm TD Ameritrade in putative class action cases alleging, primarily, that it failed in its best execution duties to the plaintiffs. Barry Rashkover and Washington DC-based Neal Sullivan co-head the firm’s SEC and derivatives enforcement and regulatory practice and are pivotal members of a ‘pre-eminent’ broker-dealer enforcement offering, which also includes the former head of enforcement at the Financial Industry Regulatory Authority (FINRA), Susan Merrill.

Wachtell, Lipton, Rosen & Katz benefits from a cadre of ‘highly talented’ general commercial litigators who regularly undertake ‘high-stakes’ civil and criminal agency proceedings and litigation for major banks, including Bank of America and JPMorgan Chase. The ‘terrificJohn Savarese has handled numerous matters arising out of the financial crisis and has represented financial institutions and senior executives in SEC enforcement proceedings and white-collar investigations. The arrival of former high-ranking federal prosecutor Marshall Miller in April 2016 further enhances a strong white-collar team, which also includes David Anders and Jonathan Moses.

Comprising numerous former regulators, Debevoise & Plimpton LLP’s integrated team leans heavily on its regulatory, litigation and white-collar groups to provide ‘practical and thorough advice’ across the gamut of issues facing the financial services industry. Bruce Yannett, Sean Hecker and Washington DC-based David O’Neil recently successfully secured non-prosecution agreements for Union Bancaire Priveé and HSZH Verwaltungs in relation to the DOJ’s Swiss bank program. Other highlights include the continued representation of JPMorgan Chase in mortgage-related disputes and the firm’s successful representation of Capital One in derivative litigation arising from regulatory inquiries regarding its AML compliance program. The return in March 2017 of Mary Jo White, following her recent tenure as chair of the SEC, and Andrew Ceresney, who served under her as the Director of Enforcement at the SEC, is a major fillip for the team going forward.

At Fried, Frank, Harris, Shriver & Jacobson LLP, Peter Simmons is regularly involved in financial services-related litigation as part of his broad-ranging commercial disputes practice and is currently defending Vanderbilt Capital Advisors in litigation brought on behalf of a state pension fund to recover investment losses in the wake of the collapse of the market for structured products. Simmons is also defending Deutsche Bank and its affiliates in cases brought by, and on behalf of, a state pension fund claiming losses resulting from ‘pay-to-play’ political corruption by state officials and the bank’s minority ownership of a company whose founding partners allegedly paid kickbacks for investment referrals. Washington DC-based partner James Wareham successfully settled a long-running enforcement action brought by the SEC against the former CEO of Fannie Mae. Steven Witzel, Evan Barr and Lawrence Gerschwer are recommended for white-collar matters.

Goodwin is ‘well known for consumer finance work’, with Washington DC-based partners Thomas Hefferon and David Permut considered ‘very much at the top of their games’. Hefferon continues to represent Bank of America and has secured numerous recent victories for the client in a series of high-profile cases brought by municipalities alleging lending discrimination. Richard Strassberg is ‘both aggressive and nuanced, enabling favorable resolutions in tricky situations’ and alongside ‘excellent’ San Francisco-based partner Grant Fondo is representing the former CEO of Wells Fargo following the CFPB’s recent announcement that the bank had agreed to pay $185m to settle allegations it secretly opened millions of unauthorized accounts. Former federal prosecutor Fondo also has an excellent reputation in the defense of digital currency companies that are subject to government investigations. William Harrington is ‘synonymous with financial services white-collar defense’ and has been heavily involved on behalf of individuals in high-profile global forex investigations. Brian Pastuszenski is also recommended.

Drawing on the expertise of lawyers within the firm’s commercial litigation, government investigations and transactional teams, Kirkland & Ellis LLP has significant visibility in the market across a range of disputes involving high-profile financial services entities. Former director of enforcement at the SEC, Washington DC’s Robert Khuzami has ‘immense credibility before the regulators’, and alongside Joseph Serino and Eric Leon, successfully defended Deutsche Bank in a proposed class action accusing it and several other banks of infringing the Employee Retirement Income Security Act (ERISA) with deals tied to alleged rigging of the forex market. Khuzami and Serino are also acting for Deutsche Bank in two putative class action cases relating to its involvement in the alleged manipulation of the gold and silver fixes.

Led by Mark Hanchet and Matthew Ingber out of New York and with the ability to call upon practitioners across the firm’s international network for multi-jurisdictional matters, Mayer Brown provides ‘high-quality and value-for-money advice’ to a range of financial services clients, including European banks, insurance companies, broker-dealers and investment managers. Ingber has developed a market-leading reputation representing RMBS trustees accused of failing to adequately protect investor interests and has secured numerous high-profile victories in this regard for The Bank of New York Mellon. Steven Wolowitz is able to combine his substantive antitrust law expertise and financial services industry knowledge to good effect on market manipulation matters for Société Générale, including obtaining the dismissal, as time-barred, of Commodity Exchange Act claims brought by a putative class of plaintiffs who transacted in USD Libor-based exchange-traded derivatives. The firm has also developed a strong reputation in the anti-terrorism space and has defended numerous banks sued as facilitators of terrorist activity.

Recognized in the market for its ‘tenacious representation’ of financial institutions facing consumer law-related investigations and enforcement actions and private litigation, Washington DC-based boutique Buckley Sandler LLP has rapidly gained prominence in the market, in particular for being a formidable adversary of the CFPB. The ‘smart and strategic’ Michelle Rogers ‘knows the industry and the regulators very well’. She regularly handles work in the mortgage sector and recently secured a favorable settlement for BB&T Bank in a multi-year False Claims Act (FCA) investigation of its practices for originating and underwriting of federally insured mortgage loans. New York-based Andrew Schilling has a focus on FCA and Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) matters and recently resolved a novel FCA qui tam case for US Bank National Association relating to mortgage loan servicing and loss mitigation. Valerie Hletko is an ‘outstanding young litigator and government enforcement lawyer, who combines first-class legal skills with a keen understanding of the financial services legal and regulatory landscape’. Andrew Sandler and Benjamin Klubes are also recommended. Named lawyers are based in Washington DC unless otherwise stated.

Since its foundation in 2012, ‘fantastic’ litigation boutique Holwell Shuster & Goldberg LLP has thrived in the market as a result of the ‘outstanding level of service’ it provides to a range of financial services clients, including in the context of referral work from other law firms. Praised for its ability to ‘effectively transition between aggressive and conciliatory as necessary’, the firm has been involved in many of the current hot-button issues, such as numerous RMBS ‘put-back’ cases and several antitrust matters for financial services clients, including Visa. Name partner Michael Shuster and Vincent Levy ‘consistently produce top-quality briefs that focus on the big picture without sacrificing quality in the details’; they successfully secured a $300m settlement for Montreux Partners and affiliated hedge funds following the long-running dispute with the Argentinian government over its defaulted debt.

Led out of its Chicago head office by David Bohan and Christian Kemnitz, Katten Muchin Rosenman LLP is well versed in litigation and regulatory investigations across the spectrum of financial products, from exchange-traded securities, options, futures and funds, to the most sophisticated OTC derivatives executed across both public and dark, fully electronic venues. Bohan recently successfully represented a group of registered market makers against allegations brought by a putative class of investors that it conspired to cheat smaller options traders of stock dividends. Kemnitz has expertise across a range of complex trading strategies, including matters relating to high-frequency trading, and alongside Chicago’s Peter Wilson recently defended Igor Oystacher and his proprietary trading firm 3Red Trading in a Commodity Futures Trading Commission (CFTC) case relating to alleged ‘spoofing’.

The ‘very responsive’ team at Morgan, Lewis & Bockius LLP provides ‘sound and creative advice’ to clients including Dexia Bank, Merrill Lynch and Saxon Mortgage Services. The ‘very collaborative’ Michael Kraut has a ‘strong reputation’ for his representation of RMBS trustees and alongside San Francisco-based John Rosenthal is defending Deutsche Bank in its capacity as trustee of RMBS against allegations made in numerous class actions and suits that it failed to adequately protect investor interests. The firm is also recommended for consumer finance-related cases, including disputes relating to consumer lending, credit cards and debt collection, with Philadelphia-based Jamie Wintz McKeon and Chicago-based Kenneth Kliebard names to note.

Co-headed by David Fioccola and James McGuire from New York and San Francisco respectively, and with the ability to tap into the firm’s strong nationwide cadre of regulatory experts, Morrison & Foerster LLP provides an ‘excellent service’ across the spectrum of consumer finance litigation and regulatory investigations. McGuire has expertise across both federal and state unfair practices statutes and is currently defending First Premier Bank against allegations that it and other credit card issuers violated the California Unfair Competition Law in the marketing and administration of their respective payment protection plans. Mark Ladner and San Francisco-based Michael Agoglia are also recommended.

Headed out of Washington DC and Newport Beach by Brian Boyle and Elizabeth McKeen respectively, O’Melveny & Myers LLP is particularly well known for its expertise in mortgage and ERISA litigation. McKeen and Jonathan Rosenberg recently secured a favorable settlement for mortgage servicer Ocwen in a pair of whistleblower-initiated FCA suits accusing it of providing false information to a federal loan program. On the ERISA front, the firm regularly defends major investment managers, including Fidelity, which Boyle and Washington DC-based appellate litigator Jonathan Hacker successfully defended when they persuaded the federal appeals court to uphold a lower court’s dismissal of a nationwide ERISA class action challenging Fidelity’s administration of ‘float’ in accounts used to facilitate participant withdrawals from 401(k) plans.

Benefitting from a very established presence on the West Coast and a growing East Coast presence, Paul Hastings LLP handles a range of financial services-related disputes as part of its broader securities litigation practice. Douglas Flaum has a strong pedigree defending financial services clients in subprime-related litigation and recently obtained the dismissal of claims brought against monoline insurer ACA Financial Guaranty that it misrepresented its exposure to subprime CDOs. Kevin Logue and Kurt Hansson defended CMS Bancorp and its directors in a stockholder class action challenging the acquisition of CMS Bancorp by Putnam County Savings Bank. Other clients include Goldman Sachs, UBS, RBC and Appaloosa Management.

Under the leadership of Dane Butswinkas and John Villa, Washington DC-based litigation firm Williams & Connolly LLP regularly acts for banks and large money managers on bet-the-company cases. Enu Mainigi successfully defended Bank of America at trial and on appeal to the Second Circuit in a DOJ action brought against it concerning alleged fraudulent loan origination practices. Praised for his ‘unmatched breadth, knowledge and experience’, trial lawyer par-excellence Brendan Sullivan is regularly engaged in financial services litigation, as is the ‘excellent’ Ryan Scarborough, who has handled nearly a dozen FDIC receivership cases. The firm was also strengthened on the consumer finance front by the return, in October 2016, of counsel Rachel Rodman, following her four-year tenure at the CFPB.

Leveraging the firm’s ‘first-class’ regulatory team and also able to call also on numerous litigators with significant expertise in the industry, WilmerHale provides a ‘timely and knowledgeable service’ across the gamut of issues affecting financial services entities, both from a regulatory enforcement perspective and in private litigation. Fraser Hunter and David Lesser are representing RBS in its US Libor civil litigation. Alongside Peter Macdonald, Hunter is also representing UBS in a wide range of litigation and regulatory matters arising out of the collapse of the Puerto Rico bond market. Former head of enforcement at the SEC, Washington DC’s William McLucas, has vast experience in the industry and is regularly involved in SEC investigations. On the consumer finance front, Washington DC-based Michael Gordon is noted for his CFPB enforcement expertise.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

The Legal 500 United States - Events

GC Powerlist -
United States

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New requirement for all issuers operating on the Luxembourg Stock Exchange

    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.
  • PRIIPs KID: The final pieces of the puzzle

    The pieces of the puzzle are finally falling into place. The long-awaited level 3 and 4 measures have been published earlier this week, half a year before the PRIIPs KID becomes compulsory.
  • MiFID II: Further guidance on product governance requirements

    Amongst the numerous topics covered by the Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has decided to provide further guidance on the requirements regarding product governance through its guidelines dated 2 June 2017 which focus on the target market assessment by manufacturers and distributors of financial products.     
  • Arendt & Medernach is again the “Luxembourg Tax Firm of the Year”

    The partners of Arendt & Medernach are pleased to announce that their firm has been awarded once again the prestigious “Luxembourg Tax Firm of the Year” title during the International Tax Review’s European Tax Awards ceremony held at the Savoy Hotel in London on 18 May.
  • Signature of the Multilateral instrument – reservations made by Luxembourg

    On 7 June 2017, the official ceremony for the signing of the multilateral instrument (“MLI”) took place bringing to a close a process initiated last year when a consensus was reached on the wording of the MLI on 24 November 2016 (see also our newsflash dated 2 December 2016, available on our website www.arendt.com section Publications/Newsflash).
  • Arendt & Medernach: Luxembourg Law Firm of the Year

    Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.
  • First VAT EU case law on the cost-sharing VAT exemption

    The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases. Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).
  • An Introduction to Corporate Guarantee

    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to