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United States > Finance > Financial services regulation > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Financial services regulation
  2. Leading lawyers
  3. Next generation lawyers

Leading lawyers

  1. 1

Next generation lawyers

  1. 1
    • Hugh Conroy - Cleary Gottlieb Steen & Hamilton LLP
    • Elizabeth Cooper - Simpson Thacher & Bartlett LLP
    • Jared Fishman - Sullivan & Cromwell LLP
    • Mark Furletti - Ballard Spahr LLP
    • Colin Lloyd - Cleary Gottlieb Steen & Hamilton LLP
    • David Portilla - Debevoise & Plimpton LLP
    • Jacques Schillaci - Linklaters LLP

Who Represents Who

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Centered out of Washington DC and New York, and aided by practitioners in key financial centers including London, Paris and Frankfurt, Cleary Gottlieb Steen & Hamilton LLP is a ‘real thought leader on bank regulatory and financial services reform matters’ and provides ‘pragmatic and creative’ advice across the spectrum of key issues affecting major domestic and international banks, broker-dealers, funds and trade industry bodies. ‘Very well plugged in with the regulators and the foreign banking community, the team displays a very deep understanding of capital and liquidity requirements’ and has represented a number of international banks, including Barclays and BNP Paribas, on Volcker Rule compliance and implementation, as well as on compliance with the Federal Reserve Board’s enhanced prudential standards. The ‘knowledgeable and skillful’ Derek Bush in Washington DC is ‘very experienced in dealing with the regulators’ and, alongside lawyers from the firm’s London office, advised Barclays on the $790m sale of its index benchmarking business to Bloomberg. Washington DC’s Michael Krimminger brings a unique insight into resolution planning issues for both US and international banks as a result of his previous tenure as general counsel at the Federal Deposit Insurance Corporation (FDIC). ‘Very responsive’ counsel Hugh Conroy in New York is appreciated for his ‘many years of in-house experience, particularly navigating through the financial crisis’; he is outside counsel to the American Bankers Association Securities Association (ABASA). In the trading and markets space, despite the recent departure of leading industry figure Robert Cook, who moved to head up the Financial Industry Regulatory Authority (FINRA), the firm remains a significant presence and advises the Securities Industry and Financial Markets Association (SIFMA) across a range of derivatives matters, including on Title VII issues affecting the swaps market and on global standards governing margin requirements for uncleared derivatives. The ‘knowledgeable and astute’ Colin Lloyd is noted for his ‘expertise at derivatives regulation’ and he and fellow New York attorney Edward Rosen are key partners on the trading side, along with the ‘outstanding’ Giovanni Prezioso in Washington DC, who regularly advises domestic and foreign broker-dealers on their cross-border activities. New York-based senior counsel Robert Tortoriello is also recommended.

Led out of New York by Randall Guynn, Davis Polk & Wardwell LLP’s eight-partner team represents many of the most significant financial services players, including domestic and global banks, major trade associations, asset managers and broker-dealers across the gamut of regulatory issues faced by their industry. A hallmark of the practice is its use of innovative web-based tools, such as its Regulatory Tracker, to keep clients abreast of changes to the regulatory landscape. In addition, in acknowledgement of potential changes afoot, the firm has developed a new Financial Services Regulatory Reform page to help clients adapt and be aware of potential changes under the new administration. The team remains a dominant presence within the ‘living will’ space and represents a substantial proportion of those systemically important financial institutions (SIFIs) required to prepare resolution plans. The team is also at the vanguard of matters relating to capital requirements and, spearheaded by Guynn, Luigi De Ghenghi and Margaret Tahyar, represents numerous foreign financial institutions, including Mizuho Financial, on compliance with the enhanced prudential standards that are now required by the Federal Reserve. De Ghenghi and Guynn were also instrumental in ensuring General Electric was de-designated as a non-bank SIFI, providing the regulatory input in relation to the sale of most GE Capital’s assets. Formerly of the SEC, Washington DC-based Annette Nazareth has significant credibility among clients for her trading and markets expertise and, along with Lanny Schwartz, provides ‘great insight’ to clients on central issues such as Title VII and the Volcker Rule. Senior statesman John Douglas provides excellent insight on troubled bank matters gleaned through his many years in private practice, as well as from his tenure at the FDIC during the savings and loan crisis.

Well attuned to the ‘key issues on the minds of the domestic regulators’, the ‘outstanding’ New York-based team at Sullivan & Cromwell LLP benefits from ‘unparalleled industry knowledge’ and ‘leaves no stone unturned in handling significant US bank regulatory issues’. At the vanguard of critical issues affecting the financial services industry, the firm continues to provide standalone advice across central issues such as resolution planning, regulatory capital requirements and the Volcker Rule. The firm is perhaps best known, however, for its prowess in financial services M&A, where it is able to execute deals in a strategic manner that is cognizant of the ‘issues from the client’s perspective’. The ‘legendaryRodgin Cohen represented Swiss insurer ACE on its $29.5bn acquisition of US insurance holding company Chubb, with the combined entity creating the largest publicly traded property and casualty insurer; the deal required filings and regulatory approval processes in more than 30 US states and more than 40 other countries around the world. The ‘extremely knowledgeableMitchell Eitel is praised by clients for his ‘willingness to discuss the risks and benefits of all potential issues’ and recently advised JPMorgan Chase on its spin-off / management sale of Highbridge Principal Strategies, an alternative investment management business, to the management team. Rebecca Simmons is the primary contact for resolution planning work and as well as acting for a raft of leading banks on their living will requirements, also represents major trade association, The Clearing House, on its discussions with the FDIC on the resolution planning process and the implementation of Title II of Dodd-Frank. Other recommended partners include Mark Welshimer, for capital issues; Whitney Chatterjee, who continues to be active advising those in the alternative investment space on Volcker Rule issues; expert in anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) sanctions compliance and enforcement Elizabeth Davy; the up-and-coming Jared Fishman, who excels at financial services M&A and on AML/OFAC compliance; and the ‘outstanding’ Donald Toumey, for financial services M&A as well as economic sanctions matters. The arrival in October 2016 from the Federal Reserve Bank of New York of both Thomas Baxter and Charles Gray affords the team even greater credibility before the regulators.

Based out of New York and Washington DC and aided by an international network that includes key offices in London and Hong Kong, the ‘knowledgeable and responsive’ team at Debevoise & Plimpton LLP provides ‘practical advice that goes beyond just an understanding of the regulatory requirements’. The firm has longstanding strength within the insurance sector and leverages this to provide niche expertise to non-bank SIFI-designated entities on the heightened regulatory requirements that are attached to this designation. The ‘practical and pragmatic’ David Portilla in New York not only has profound knowledge of non-bank SIFI matters but is also praised for his ‘deep knowledge of foreign banking organizations and the current regulatory requirements applicable to those institutions’. Portilla has been working alongside the ‘responsiveGregory Lyons, also in New York, and the ‘strategicSatish Kini in Washington DC to provide broad-ranging Volcker Rule compliance advice to a wide roster of clients, including TIAA-CREF, Royal Bank of Canada, and Fifth Third Bancorp, as well as representing trade associations, including SIFMA and Private Equity Growth Capital Council, in their dealings with the Federal Reserve and other regulators to obtain regulatory relief and guidance on various Volcker Rule issues. Praised for his ability to ‘add value by providing a practical perspective on regulatory matters’, Lyons has also been central to the firm’s resolution planning work and recently worked alongside the restructuring group to draft a living will for AIG; the first of its kind for a non-bank SIFI. Headed by Lee Schneider in New York, the broker-dealer regulatory practice was recently enhanced by the arrival in January 2017 of David Aman from Cleary Gottlieb Steen & Hamilton LLP.

Led by former Comptroller of the Currency John Dugan, Covington & Burling LLP’s Washington DC-based team provides ‘pragmatic and insightful’ advice to clients on compliance issues related to the wave of regulations that have been ushered in since the credit crisis, as well as on the regulatory aspects of transactions within the industry. Dugan regularly counsels major trade associations on the implications of new legislation affecting the industry and is also adept at helping them respond to potential changes through comment letters; he recently advised the Futures Industry Association on the Basel Committee’s proposals regarding the treatment of segregated margin in leverage ratio calculations. Ed Yingling represents Wells Fargo across a broad range of legislative issues, including housing finance, the Dodd-Frank Act, and bank capital and liquidity requirements. Mark Plotkin and Michael Nonaka have significant fintech expertise and are representing American Express in various financial regulatory projects, including unclaimed property, financial privacy and consumer reporting. The team also includes the vastly experienced senior counsel Stuart Stock - who remains active across a range of strategic bank regulatory matters - in addition to Andrew Smith and Eric Mogilnicki, who co-head the consumer finance practice. Keith Noreika joined Simpson Thacher & Bartlett LLP in August 2016.

Led out of New York by the ‘superb’ Lee Meyerson, Simpson Thacher & Bartlett LLP’s financial services practice has a ‘dominant position on Wall Street’ and is known for its ability ‘to navigate the economics through the very complex regulatory thicket’ on financial services M&A matters. Assisted on the regulatory front by ‘up-and-coming’ counsel Mark Chorazak, Meyerson is advising Toronto-Dominion Bank and TD Ameritrade on the combined $4bn acquisition of Scottrade Financial Services, which includes its online bank and brokerage business. Elizabeth Cooper is recognized as a ‘fine young M&A lawyer in the financial institutions space’ and recently advised People’s United Bank on its acquisition of investment management firm Gerstein Fisher. Lesley Peng is frequently involved in financial services capital markets transactions and, alongside Meyerson and Chorazak, recently represented the underwriters in First Hawaiian’s $558m IPO. The arrival in August 2016 of the ‘creative and hardworking’ Keith Noreika from Covington & Burling LLP enhances the team not only in the regulatory aspects associated with financial services M&A but also in discrete advisory work, in particular for international banks operating in the US.

Led by the ‘experienced and knowledgeable’ William Sweet, Skadden, Arps, Slate, Meagher & Flom LLP’s team has a strong reputation for financial institutions M&A work, where it is able to provide a cohesive and integrated service on both the transactional and regulatory front. Brian Christiansen and New York-based Sven Mickisch recently advised Yadkin Financial on its $456m acquisition of NewBridge Bancorp. The team has also represented Citigroup in numerous strategic divestments as it continues to shed non-core operations of its business, including the sale of its retail and institutional margin foreign and exchange business to FXCM and the sale of its consumer and commercial banking businesses in Panama and Costa Rica to Scotiabank. The firm is also noted for its ‘excellent’ consumer finance regulatory offering, led by Joseph Barloon and Anand Raman. Named attorneys are based in Washington DC except where otherwise noted.

Arnold & Porter Kaye Scholer LLP’s team is involved in a range of Dodd-Frank advisory, legislative, transactional, and litigation and enforcement matters. Team head David Freeman continues to represent First Republic Bank across a myriad of regulatory and compliance issues associated with the development of new products, as well as on issues related to the Volcker Rule and other Dodd-Frank aspects impacting its banking, broker-dealer, investment adviser and insurance agency businesses. Patrick Doyle is advising TIAA, one of the country’s largest diversified financial services firms, on the regulatory implications pursuant to the expansion of its banking operations. In addition to handling a regular stream of banking M&A matters, Michael Mierzewski is well versed in consumer finance issues and in recent years has handled numerous fair lending matters for clients. Brian McCormally, Michael Mancusi, Howard Cayne, firm chairman Richard Alexander and Christopher Allen are also key members of the team across both regulatory counseling and enforcement matters. Other clients include Charles Schwab, FHFA and JPMorgan Chase. All named attorneys are based in Washington DC.

Based out of New York and aided by a broad international footprint that encompasses offices in Europe, Asia and the Middle East, Latham & Watkins LLP’s team is well equipped to handle domestic and multi-jurisdictional regulatory matters for banks, broker-dealers, investment funds and specialty finance companies. Alan Avery has a formidable reputation for bank regulatory matters and continues to work alongside the London office to provide Volcker Rule advice to numerous global investment banks in their roles as underwriters of notes in the European markets, including JPMorgan Chase and Goldman Sachs. Alongside Courtenay Myers Lima, Avery has also been advising Bank of China on its resolution planning requirements. In addition to traditional bank regulatory matters, the team has successfully adapted to the increased upswing of fintech-related matters and, under the guidance of Vivian Maese in particular, has handled numerous cutting-edge mandates, such as advising Credit Suisse on its joint venture with Palantir Technologies, which, through the use of big data analytics tools, is aimed at detecting unauthorized trading in the financial services industry. This matter also involved input from broker-dealer specialists Dana Fleischman and Stephen Wink. Wink also recently provided the regulatory input to German bank Bankhaus Lampe on its acquisition of a US broker-dealer.

Headed out of Washington DC by Rick Fischer and Obrea Poindexter, and with significant resources across the East and West coasts of the US as well as internationally, Morrison & Foerster LLP’s team is well placed to handle domestic and cross-border regulatory work, and is perhaps best-known for its expertise within the consumer finance space. Poindexter also co-heads the firm’s fintech group and alongside fellow co-head Sean Ruff provides ongoing advice to clients on regulatory and transactional work, including money transmission, payments and licensing issues. On the bank regulatory front, New York’s Barbara Mendelson is a trusted adviser for numerous international banks with US offices and has helped many of these contend with the aspects of Dodd-Frank that impinge upon their businesses - most notably the Volcker Rule and enhanced prudential standards. Los Angeles-based senior counsel Henry Fields has a longstanding reputation for both discrete bank regulatory advice as well as in the context of financial services M&A. Alongside of counsel Ben Chung, Fields recently advised BBCN Bank on its $1bn merger with Wilshire Bank to create the largest Korean American financial institution in the country. With a focus on retail banking, New York’s Joan Warrington has particular expertise in structuring strategic partnerships between financial institutions and non-financial entities, including co-branded consumer and commercial payment relationships, merchant agreements and processing and service agreements, as well as negotiating M&A deals, including interim servicing arrangements. In Washington DC, Leonard Chanin, Oliver Ireland and Donald Lampe are recommended across a broad range of consumer finance regulatory work.

Led on the bank regulatory front by Reena Sahni, and in broker-dealer matters by Russell Sacks, Shearman & Sterling LLP’s standalone two-partner practice often advises major domestic and international financial institutions on the most pressing issues affecting their businesses, including matters relating to the Volcker Rule, enhanced prudential standards and risk-based capital. Benefiting from vast knowledge of the regulatory framework underpinning brokerages, trading systems and clearing houses, Sacks’ expertise in the field is underscored by his continued representation of SIFMA across a range of matters, including the coordination of its response to recent new rules relating to block trading and prohibitions on front running. He has also been active in transactional matters and, as well as representing clients in the establishment of investment bank boutiques, has been advising on strategic divestments - including acting for Credit Suisse in the sale of its US and Latin American private wealth businesses to Wells Fargo and Morgan Stanley respectively. Sahni is recognized in the market for her thought leadership across the spectrum of bank regulatory matters and continues to act for numerous domestic and foreign banks on developing and monitoring compliance programs to adhere to Volcker Rule restrictions and enhanced prudential standards.

At Sidley Austin LLP, the ‘solutions-orientedWilliam Eckland is one of the principal partners handling core bank regulatory matters. New York’s Connie Friesen has particular expertise advising international banks on Dodd-Frank implementation and, as well as formulating global compliance programs, has regularly assisted foreign banks establish branches in the US. Benefiting from a number of SEC and FINRA alumni in its ranks, the firm has excellent credibility before the agencies and does an ‘excellent job on broker-dealer related projects’. In addition to his considerable private practice experience, Kevin Campion has a real insider’s perspective as a result of his previous role at the SEC’s Division of Market Regulation. David Teitelbaum and Joel Feinberg are recommended for payments-related regulatory matters in particular, while James Huizinga has a focus on consumer finance-related matters. Named attorneys are based in Washington DC except where otherwise noted.

Best known for its expertise in capital markets and trading regulation, Cadwalader, Wickersham & Taft LLP’s team provides a ‘responsive’ and balanced service that is cognizant of the regulatory issues affecting both buy- and sell-side clients, including HSBC, JP Morgan Chase, Black Rock and Federal Home Loan Mortgage. New York-based Jeffrey Robins has ‘excellent subject matter’ expertise in derivatives regulatory matters and continues to advise ISDA on industry strategies to produce and implement documentation necessitated by Dodd-Frank. Fellow New York lawyer and ‘broker-dealer legend’ Steven Lofchie is also involved in the advice to ISDA and is working with Robins to provide the regulatory overlay regarding the establishment of prime brokerage operations for Société Generale, Scotiabank and Wells Fargo. Charlotte-based partner Scott Cammarn spearheads the firm’s work on the bank regulatory front, which includes advising international banks on Volcker Rule compliance.

Led out of Washington DC by Richard Schaberg, Hogan Lovells US LLP’s financial institutions regulatory practice benefits from strong ties to regulatory officials and is well placed to advise clients on an array of bank regulatory matters, as well as on regulatory-driven transactional mandates. Schaberg recently advised Westfield Financial on its $110m merger with Chicopee Savings Bank to create the largest locally managed bank in Hampden County, Massachusetts. In addition to traditional bank regulatory work, the firm has been increasingly active within the fintech space, including advising Santander as it seeks to invest in start-ups through its recently launched fintech fund. The firm’s strong ties to many institutions within the community banking arena has led to a raft of work as such entities also seek to develop a greater presence in the fintech space; examples include its work for BancAlliance, a network of community banks, in its response to a recent White Paper issued by the OCC regarding responsible innovation in the federal banking system. Schaberg is also acting for BancAlliance in its partnership with online small business direct lender Fundation on the development of an innovative fintech platform enabling small businesses and banks to connect with each other through a Fundation software platform. Greg Parisi and Stuart Stein are also key members of the team, which was strengthened by the arrival in May 2016 of former commissioner of the Federal Trade Commission Julie Brill, who adds weight to the firm’s capability in data privacy and cybersecurity matters.

Mayer Brown’s team is well placed to assist international and domestic financial institutions across the spectrum of advisory and regulatory-informed transactional matters, and leans on its strong presence in Washington DC as well as key financial centers such as London, Frankfurt and Hong Kong. The ‘excellentScott Anenberg recently successfully secured Federal Reserve Board approval for Canadian financial services organization Desjardins Group on its application for financial holding company status - notably this was one of only two such applications granted since the enactment of Dodd-Frank. Thomas Delaney is also a key member of the team and, as part of his comprehensive practice, has been acting for numerous international financial services businesses in the implementation of robust compliance measures to combat the growing regulatory pressures regarding AML procedures. Consumer finance expert Steven Kaplan co-heads the team alongside Delaney following his arrival, along with a team of 15 partners, from K&L Gates in February and March 2016. The practice also includes Jerome Roche, who specializes in broker-dealer regulatory matters.

Now benefiting from considerably enhanced bandwidth following the arrival in March 2016 of broker-dealer regulatory practitioners Julian Rainero and Craig Warkol from Bracewell LLP, Schulte Roth & Zabel LLP’s New York-based team provides ‘accurate and highly practical “real world” perspectives and business-oriented advice’ to a mix of banks, asset managers and broker-dealers. Praised for his ‘excellent industry knowledge’, Rainero is frequently involved in many of the most closely scrutinized trading issues, including those related to high-frequency trading firms and dark pool operators. The ‘very talentedJoseph Vitale provides ‘timely, thorough and effective’ advice on bank regulatory matters and is best known for regulatory advice on matters at the nexus of the funds and banking industries. Praised for his ‘business acumen’, Vitale has been particularly active representing foreign banks as they seek to navigate US regulatory rules, and is advising Credit Suisse on compliance with the Bank Holding Company Act, including the restructuring and reorganizing of its Systematic Market-Making group in order to fit within certain exemptions pursuant to the Volcker Rule’s restrictions on proprietary trading. Vitale continues to represent Cerberus in its investments in regulated financial institutions, including advising it on the acquisition of NRAM plc from UK Asset Resolution. The team also includes Donald Mosher, noted for payments matters, and Betty Santangelo, who excels at AML issues.

Led by Heath Tarbert on the banking front and Barbara Stettner in broker-dealer matters, the Washington DC-based team at Allen & Overy LLP is able to leverage a truly international network, which includes strong regulatory capabilities in major financial hubs such as London and Frankfurt. This reach makes it a compelling option for non-US clients in US matters but also for US financial institutions seeking advice on the vast patchwork of global regulation. The ‘very well-respected’ and ‘ambitious’ Tarbert has raised the firm’s profile for bank regulatory matters in the US since his arrival at the beginning of 2014, and alongside Bill Satchell has handled a raft of work for global and US banks across a range of capital-related and Volker Rule issues. On the trading and markets side, Stettner benefits from significant private and public sector experience (she worked at the SEC’s Division of Market Regulation) and assists broker-dealers across a range of regulatory matters, including developing and improving written compliance policies and supervisory procedures. The team is also frequently engaged by trade associations and public interest groups on regulatory policy and advocacy issues.

With three former alumni in its ranks, Ballard Spahr LLP has excellent credibility before the Consumer Financial Protection Bureau (CFPB) and is a recognized thought leader in the field. Splitting his time between Philadelphia and New York, Alan Kaplinsky has an ‘encyclopedic knowledge’ of consumer finance matters and is a leading authority on consumer finance arbitration clauses. He recently submitted a comment letter to the CFPB on behalf of several interested industry groups, including the Consumer Bankers Association, responding to its proposed rule prohibiting the use of class action waivers in consumer arbitration agreements and regulating the use of individual arbitration. The firm is also developing a significant presence in the fintech space, particularly as it relates to the rapidly growing marketplace lending area. Los Angeles’ Scott Pearson heads the firm’s marketplace lending taskforce, which, as well as providing ongoing regulatory advice to clients such as CAN Capital, also recently helped a global investment bank make its foray into online consumer lending. Led by Daniel McKenna, the firm’s consumer finance privacy and data security team was bolstered in January 2016 by the arrival of Edward McAndrew from the DOJ, where he served as a federal cyber-crime prosecutor. The ‘very accessible and smart’ Mark Furletti is praised for his ‘solutions-oriented advice’ across a range of consumer finance matters and is recognized as a leading authority on the Telephone Consumer Protection Act. Jeremy Rosenblum co-heads the consumer financial services group and is a key member of the team, which also includes mortgage banking experts Richard Andreano and John Socknat in Washington DC. Named attorneys are based in Philadelphia except where otherwise noted.

Led out of its Washington DC headquarters by John Kromer and Benjamin Klubes, Buckley Sandler LLP’s practice is widely recognized in the market as a ‘leader for consumer finance regulatory work’ and provides ‘outstanding’ advice to leading banks, mortgage companies, credit card providers and auto-loan companies. The ‘superb’ Andrew Sandler regularly represents clients on their dealings with the CFPB, both in the context of a formal investigation/enforcement action or in preparation for compliance examinations. Sandler also continues to act as a sole outside counsel to the Mid-Size Bank Coalition of America, advising it across a range of emerging regulatory and enforcement trends, as well as assisting it with drafting comment letters to regulatory agencies on matters of importance to mid-sized banks. Andrea Mitchell is a key practitioner in the group and represents a plethora of clients on regulatory compliance and risk management procedures to ensure observance of fair lending and other unfair, predatory or anti-discrimination statutes and regulations. ‘One of the most knowledgeable regulatory lawyers in the business’, Jeffrey Naimon ‘combines encyclopedic knowledge of legal requirements and in-depth understanding of the regulatory environment with strong business acumen’. The vastly experienced Jeremiah Buckley is a pivotal member of the team, as are Walter Zalenski, who regularly handles financial services M&A as part of his broad practice; Los Angeles-based John Redding, who is ‘the best auto finance regulatory lawyer in the business’, according to one client; federal rules mortgage expert Benjamin Olson; and Heather Russell, who joined the team in New York in October 2016 from Fifth Third Bancorp. Named attorneys are based in Washington DC except where otherwise noted.

Led by the ‘excellentThomas Vartanian, Dechert LLP’s ‘highly technical and commercial’ Washington DC-based team provides ‘prompt and thorough advice’ on the regulatory issues impacting the asset management industry. As well as providing discrete regulatory advice on core Dodd-Frank provisions, including the Volcker Rule, the firm has also been active advising hedge and private equity funds on investments in and acquisitions of financial institutions and bank holding companies. The team ‘benefits from excellent relationships with the regulators’, which is particularly important in securing the relevant approvals pursuant to financial services M&A. Vartanian recently served as counsel to the US Chamber of Commerce in its amicus brief supporting MetLife in its successful challenge to its designation, by the Financial Stability Oversight Council (FSOC), as a SIFI. If it stands, the ruling will impact the FSOC’s designation authority, as well as the standards of administrative law, by requiring the FSOC to be more rigorous in the analysis it conducts in order to make a valid SIFI designation. Robert Ledig has a niche advising on electronic banking issues. Other recommended practitioners include David Ansell and David Harris.

Despite the departure of the firm’s principal bank regulatory lawyer Gerard Comizio in December 2016 to Fried, Frank, Harris, Shriver & Jacobson LLP, Paul Hastings LLP remains a ‘very credible’ proposition in the payments space. Atlanta-based Chris Daniel is an ‘undoubted market leader’ for payments-related matters and, in a matter that involves coordination with numerous other offices throughout the firm’s European and Asian network, is advising Visa on the development and implementation of a global money transfer program. Fellow Atlanta lawyer Todd Beauchamp also has deep and broad knowledge in the fintech space and alongside Daniel is advising leading bitcoin exchange Coinbase on regulatory matters related to virtual currencies. Washington DC-based Behnam Dayanim excels at advising clients on matters sitting at the intersection of gaming, privacy and financial services regulatory. Other clients include Facebook, MoneyGram and InComm.

Praised for its ‘knowledgeable and responsive’ advice, WilmerHalethoroughly understands the financial services area, including the regulators’, and is recognized for its knowledge and practical application of the regulations relating to consumer finance, both from a compliance context, as well as in investigations and enforcement actions brought by the CFPB and other agencies. The firm also has ‘substantial credibility’ in relation to broker-dealer matters and, led by Washington DC-based Franca Harris Gutierrez, who is able to ‘balance business needs with a practical interpretation of the applicable regulations’, recently conducted an AML compliance review for a broker-dealer affiliate of a large international financial institution. Other recommended partners include team head Reginald Brown, leading AML and economic sanctions lawyer Sharon Cohen Levin (New York), and the newly promoted Daniel Kearney. Named attorneys are based in Washington DC except where otherwise noted.

Led out of New York by Nick O’Neill, Clifford Chance’s team provides advice on domestic bank regulatory matters as well as on the connected global regulatory framework. The sweet spot of UK-qualified O’Neill is in advising US clients on the impact of UK and EU regulation on their businesses; working closely with colleagues in London, O’Neill is advising US hedge and private funds on the implications of the EU’s Alternative Investment Fund Managers Directive (AIFMD) on their activities in the EU. O’Neill is also part of a coordinated global team that is advising UBS on its global restructuring in order to reduce risk and better navigate future financial upheavals.

Dentons’ ‘top-notch’ team has a narrower focus than some of its competitors, but provides a ‘very impressive service’ to clients seeking guidance on the regulatory issues impacting financing institutions in the context of cross-border insolvency and global credit risk. Based in New York, the ‘thoughtful and solutions-oriented’ team head Giorgio Bovenzi is ‘aware of the regulatory developments in the market’ and is unique in his ‘understanding of the regulatory and risk management concerns of banks and ability to produce multi-jurisdictional solutions’.

Eversheds Sutherland (US) LLP provides an ‘excellent service’ to registered funds and asset managers on the regulatory aspects pursuant to their structuring and operational activities. The firm benefits from a number of former SEC alumni, including New Rork-based Clifford Kirsch, who is ‘plugged into what is happening on both the business and regulatory fronts’. Recognized as one of the ‘pre-eminent investment trust lawyers in the country’, Kirsch provides ongoing advice to the Coalition of Collective Investment Trusts on regulatory developments regarding the retirement marketplace. As well as being a ‘leading ’40 Act adviser’, Steven Boehm has built a significant niche advising business development companies. Stephen Roth and New York-based Cynthia Shoss are well regarded for their work in the insurance sector in particular, and Susan Krawczyk is recommended for broker-dealer matters. Named attorneys are based in Washington DC except where otherwise noted.

Led out of New York by Robin Maxwell, Linklaters LLP’s team ‘delivers tailored and knowledgeable advice’ to banks and asset managers, including BlackRock, UniCredit and Standard Chartered Private Equity, across a broad swathe of regulations. Able to leverage the firm’s vast global reach, the team excels in matters sitting at the intersection of US law and UK and EU regulation. In coordination with the firm’s London office, the team is advising Lloyds on the US bank regulatory implications of its planned reorganization to comply with UK ring-fencing legislation. Counsel Jacques Schillaci is noted for his ‘very proactive and practical advice’.

In spite of a couple of departures at a senior level, including the recent retirement of Ralph Sharpe and the departure of Andrew Olmem to the White House National Economic Council, Venable LLP maintains a significant presence out of its Washington DC headquarters across a range of regulatory issues affecting retail and wholesale banking entities. John Beaty has vast experience across the financial services regulatory landscape and is increasingly active advising on fintech regulatory matters.

Led out of Chicago by the ‘experiencedChristine Edwards, Winston & Strawn LLP’s team provides ‘robust advice’ to a diverse array of financial services clients, including banks, broker-dealers, hedge funds and insurance companies. Edwards continues to represent the Financial Services Roundtable in a range of regulatory matters, including recently drafting its comment letter to financial agencies in response to proposed rules on incentive compensation changes. New York-based Glen Barrentine chairs the firm’s broker-dealer regulatory practice; he recently provided complex regulatory advice relating to private equity firm GTCR on its acquisition of mortgage technology company Optimal Blue.

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