The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Morgan, Lewis & Bockius LLP

Work +1 312 324 1000
Fax +1 312 324 1001

Michael Philipp

Work 312 324 1905
Morgan, Lewis & Bockius LLP

Work Department

Investment Management


Michael M. Philipp is a partner in Morgan Lewis's Investment Management and Securities Industry Practice. Mr. Philipp represents financial services clients in futures and securities transactions and in derivatives regulation, legislation, compliance, and enforcement matters. Mr. Philipp serves as counsel to domestic and foreign exchanges and clearing organizations, banks, investment managers, brokerage firms, and end-users in connection with exchange-traded and over-the-counter derivative instruments. He has represented foreign exchanges and clearing houses in their U.S. offerings of futures and equity options products and derivatives clearing activities. Mr. Philipp provides advice regarding a broad range of Dodd Frank and CFTC registration related issues, including swap clearing, registration of SEFs and SDRs, retail and ECP FX transactions, ISDA DF Protocol, swap reporting, and CPO and CTA registration. He also provides assistance to firms in negotiating bilateral and cleared swap documentation. For more information, view Mr. Philipp's biography at


Prior to joining Morgan Lewis, Mr. Philipp was a partner at an international law firm, resident in Chicago. He was also previously an in-house attorney for the Chicago Mercantile Exchange, where he served as counsel to the Exchange's regulatory trade practice, compliance, and arbitration committees.


Listed, The Best Lawyers in America (2007–2012); Member, Federal Reserve Bank of Chicago's Working Group on Financial Markets; Board Member, The Ark; Former Member, Chicago Mercantile Exchange and Chicago Board of Trade Business Conduct and Probable Cause Committees; Program Chair, American Bar Association, Futures and Derivatives Law Committee Winter Meeting (2005); Former Chair, Chicago Bar Association, Futures and Derivatives Law Committee; Former Member, Executive Committee of the Futures Industry Association Law and Compliance Division


DePaul University College of Law, 1992, J.D.; University of Chicago, 1981, B.A., With Honors

United States: Finance

Structured finance

Within: Structured finance

Morgan, Lewis & Bockius LLP is applauded for its ‘broad industry knowledge and good depth’, fielding nearly 20 US partners focusing on structured finance. The team handles a variety of traditional and esoteric assets, including auto loans and leases, mortgage-backed securities, student loans, patent and trademark royalties, and cell phone contracts. In the Washington DC office, John Arnholz acted as underwriter’s counsel to Synchrony Bank in a $750m public offering of ABS through SYNCT 2016-1, backed by private label and co-branded credit card receivables. Practice head Reed Auerbach was depositor and servicer counsel to Verizon Communications during the private placement of over $1bn of securities backed by a revolving pool of wireless device payment plan contracts. As issuer’s counsel, Washington DC-based Jeffrey Johnson advised CarVal Investors in its inaugural deal as an issuer of RMBS, Mill City Towd Point Mortgage Trust 2015-1, which made use of a REMIC structure, allowing for various interest rate configurations of the bonds. An example of the department’s regulatory aptitude, Chicago-based Michael Philipp helped Bitfinex settle a Commodity Future Trading Commission (CFTC) enforcement action, alleging that the bitcoin exchange platform had operated in a way that required CFTC registration. Philip Russell also made partner in 2016.

[back to top]

Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Government puts cartel criminalisation back on the table

    The Minister of Commerce and Consumer Affairs, Kris Faafoi, has today tabled the Commerce (Criminalisation of Cartels) Amendment Bill (the Bill ) in the House.
  • Luxembourg introduces draft legislation to create beneficial ownership registers

    Luxembourg’s government has published draft legislation to incorporate into national law the requirements under articles 30 and 31 of the European Union’s Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, better known as the 4th Anti-Money Laundering Directive. Placed before the Chamber of Deputies on December 6, 2017, draft law no. 7217 would establish a central register of beneficial owners of Luxembourg legal entities such as companies and partnerships under the authority of the minister of justice, while draft law no. 7216 would create a similar register of beneficial owners of fiduciary contracts, that is express trusts, under the authority of the Administration de l’Enregistrement et des Domaines, Luxembourg’s indirect tax authority.
  • The new EU regulation on general data protection 2016/679 (“GDPR”)

  • Spouses and tax demands

    6 Mar 2018 at 04:00 / NEWSPAPER SECTION:
  • What Can You Legally “Watch Free Online” and When?

    Putlocker. BitTorrent. PirateBay. Napster. Mediafire.
  • New Zealand favours English approach to penalties

    A recent High Court decision marks an important step in the development of the approach to the “Penalty Doctrine” in New Zealand – that is, the principle that contractual provisions which allow parties to punish one another disproportionately are unenforceable. Justice Whata’s judgment in Honey Bees v 127 Hobson Street 1 carefully traverses the recent evolution of the doctrine and provides helpful clarification of its application to contracts in New Zealand.
  • Raspberries and IT: New Sector Inquiries by the Serbian Competition Commission

    The Serbian Competition Commission (the " Commission ") recently finished sector inquiries concerning quite distinct industries – raspberries and the public procurement for software and hardware. The aim behind the inquiries was to perform extensive market research and analysis in order to acquire a clearer picture of the possible antitrust issues and risks in two sectors widely perceived as strategic for the development of the Serbian economy.
  • How open is New Zealand to Open Banking

    This week New Zealand hosts the Digital Nations 2030 to discuss what is required to become a truly digital nation by 2030. Open Banking is a critical first step, but where is it on the Government’s agenda?​
  • The Public Administration Electronic Market: the future of public procurement

    The Public Administration Electronic Market is a digital marketplace, created in 2002 and managed by Consip S.p.A., the Italian central purchasing body, on behalf of the Ministry of the Economy and Finance. Through the Ministry, registered authorities can purchase goods and services offered by suppliers that have been vetted and authorised to post their catalogues on the system for values below the European threshold.
  • Even More Sector Inquiries: Sportswear And Oil Retail Under Scrutiny By The Serbian Commission

    The Serbian Competition Commission (the " Commission ") continues its diligent examination of the Serbian competitive landscape in specific industries, this time with inquiries in two more industries – sportswear (including footwear and sporting equipment) and oil (petroleum products). Once again, the aim behind the market test was to identify potential issues on the relevant markets and provide broader insight into the functioning of the relevant markets.