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Dechert LLP

Work 020 7184 7000
Fax 020 7184 7001

Karen Anderberg

Work 020 7184 7313
Dechert LLP

Work Department

Financial services and investment management.


Karen Anderberg focuses her practice on advising UK, US and European financial services firms, investment managers, and investment funds on US regulatory issues, including investment adviser and fund registration and compliance. Ms Anderberg also advises offshore funds on compliance with US regulatory requirements and advises European retail (UCITS and non-UCITS) vehicles on organisation, registration, corporate governance, and global distribution issues.


Partner 2001. Publications of note: co-edited ‘US Regulation for Asset Managers Outside the United States’ (City and Financial Publishing 2008).


Colgate University (1986 BA); Boston University School of Law (1992 JD, cum laude, editorial board of the Boston University Law Review).

London: Corporate and commercial

Financial services

Within: Financial services

Dechert LLP  handles a tremendous flow of regulatory work on behalf of the firm's market leading roster of funds clients which includes 18 out of 20 of the world's largest asset managers. Benefiting from UK and US-qualified lawyers based in London and also able to tap into the expertise of practitioners on the ground in key fund jurisdictions (including Luxembourg, Ireland and the US) the team is well-placed to advice on UK and EU laws impacting funds, as well as on the extraterritorial impact of US legislation. Dual UK and US-qualified partner Richard Heffner recently provided the regulatory input pursuant to Investcorp's acquisition of the debt management business of 3i from UK-based group 3i Group plc. US-qualified partner Karen Anderberg excels in handling big-ticket work for major funds clients including on the regulatory issues associated with ensuring distribution arrangements are compliant with the various global regulations including on compliance with MiFID ii. The arrival in September 2017 of Monica Gogna from Ropes & Gray LLP further strengthens the team that also includes the well regarded Richard Frase, who as well as his fee-earning work also chair's the Alternative Investment Management Association (AIMA) working group covering product governance.

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London: Investment fund formation and management

Retail funds

Within: Retail funds

Dechert LLP is 'very good and knowledgeable, and well-connected in the fund distribution industry too'. The team acts for a number of asset managers, including lengthy relationships with many of the leading names in the sector. Karen Anderberg, who is qualified in the US and advises on matters concerning SEC and CFTC regulation, handles work for leading UCITS managers, while Abigail Bell advises TT International. Regulatory specialist Monica Gogna joined from Ropes & Gray LLP.

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