SEATTLE & WASHINGTON–(BUSINESS WIRE)–Davis Wright Tremaine LLP is combining with McGonigle, P.C., one of many nation’s preeminent monetary companies boutiques. With McGonigle’s 44 legal professionals, Davis Wright greater than doubles the dimensions of its banking and monetary companies follow, enhances its presence in Washington, D.C., and New York, and establishes its first Chicago workplace.
The mix was pushed by transformative adjustments occurring in monetary companies, a core energy of each companies. It joins McGonigle’s expertise in securities regulation with Davis Wright’s nationally acknowledged energy in shopper banking, funds, and FinTech. The mixed agency will provide full-service capabilities to the monetary sector, simply as progressive monetary services and products draw elevated regulatory consideration.
The mix, permitted by companions and shareholders at each companies, turns into efficient July 1, 2022.
Acknowledged by U.S. Information as Regulation Agency of the Yr in securities regulation every of the final two years, McGonigle, P.C. provides regulatory counseling, enforcement protection, and litigation capabilities. In little greater than a decade of operation, the group has grown to incorporate 13 former Securities and Change Fee legal professionals in addition to legal professionals with expertise on the Workplace of the Comptroller of the Foreign money, Monetary Business Regulatory Authority, Commodity Futures Buying and selling Fee, Federal Reserve Financial institution of Chicago, the U.S. Legal professional’s Workplace for the Southern District of New York, and the U.S. Division of Justice. Quite a few McGonigle attorneys even have served in senior capacities throughout the monetary companies business.
McGonigle will add 22 legal professionals to Davis Wright’s Washington, D.C., workplace, 15 to New York, and three within the new Chicago workplace. Davis Wright additionally will set up a brand new workplace in Richmond, Va., with 4 legal professionals becoming a member of from McGonigle. McGonigle’s 31 assist workers additionally will be part of Davis Wright.
Scott MacCormack, the firmwide managing associate of Davis Wright, mentioned: “It is a landmark second for our agency, reflecting our openness to strategic expansions that serve vital shopper wants. This highly effective mixture balances our nationwide footprint and positions us to turn into the legislation agency of selection on essentially the most consequential monetary companies issues.”
Bradford Hardin, co-chair of the brand new banking, monetary companies, and securities follow group at Davis Wright, added: “McGonigle is likely one of the nation’s preeminent monetary companies boutiques with deep experience in securities regulation and enforcement. Our mixed group will provide company shoppers the breadth they want as they focus outdoors counsel relationships and the depth required to deal with their most difficult points.”
The chair of McGonigle, Elizabeth Lan Davis, will serve alongside Hardin because the co-chair of Davis Wright’s new banking, monetary companies, and securities follow group. She mentioned: “Our companies current a perfect match. McGonigle’s energy in enforcement and white-collar work will add to Davis Wright’s litigation and company capabilities nationwide. We additionally will complement Davis Wright’s main shopper finance and FinTech follow with expertise in a variety of areas, from broker-dealer to funding administration to digital property. Collectively, we turn into a 70-lawyer group that covers the waterfront. Moreover, our agency cultures align, and Davis Wright’s robust status and dedication to range, fairness, and inclusion will enormously improve our capability to recruit dynamic younger legal professionals.”
Tom McGonigle, a founding associate of McGonigle, P.C., concluded: “Davis Wright’s imaginative and prescient for this follow is totally per our personal. Twelve years in the past, we set out with an formidable aim to create essentially the most gifted, highest-performing monetary companies group within the nation. Mixed with Davis Wright, we’re nearer to attaining it than ever earlier than.”
About Davis Wright Tremaine
Davis Wright Tremaine LLP is an Am Regulation 100 agency with roughly 550 legal professionals representing shoppers all through the USA and the world. For extra info, go to www.dwt.com.