New York, United States
Cadwalader, Wickersham & Taft LLP, one of the world's leading law firms, announced today that Steven Lofchie will join the firm as a partner in New York and will serve as Co-Chairman of the Securities & Financial Institutions Regulation Department. A former partner at Davis Polk & Wardwell with significant broker-dealer expertise, Mr. Lofchie is the author of Lofchie's Guide to Broker-Dealer Regulation, the leading treatise in the field.
"Financial regulations and financial products are becoming ever more complex. Even as the sanctions for legal and rule violations grow harsher, reputational injury has become one of the greatest threats to a financial institution's viability," said Robert O. Link, Jr., Cadwalader's Chairman. "As a result, our clients look to us for more than just understanding the laws that govern them. Where the law is undecided and market practice is unclear, clients rely on us for counsel and judgement. They look to us to help design products and systems that comply not only with the law but with the regulatory and public expectations that go beyond the law. Steven brings to this task a tremendous range of expertise, solidifying Cadwalader's position as the go-to law firm for financial institutions." Mr. Link added, "His strong and long standing relationships with many of our clients as well as leading exchanges and trade associations provide synergies with virtually all of Cadwalader's practices."
Mr. Lofchie said, "Cadwalader has an unparalleled range of financial product and financial markets expertise combined with the ability to execute transactions globally. The firm's steady growth during a decade of financial turmoil demonstrates its ability not only to innovate but to master its core practices. Because of this, the invitation to join Cadwalader was a great opportunity for me. I am eager to partner with my new colleagues to continue to build dynamic practices."
Mr. Lofchie's clients include large financial institutions, specialized securities firms, banks, and hedge funds. He advises on the full range of statutory and regulatory requirements affecting financial institutions, products and trading markets, including organizational structure; sales practices; trading procedures; satisfaction of regulatory, capital, credit and recordkeeping obligations; anti-money-laundering; privacy; cross-border transactions; supervisory systems; and employee matters. In addition to his regulatory expertises, Mr. Lofchie is a leading practitioner in the area of derivatives, particularly over-the-counter financial products. He also works regularly with leading industry trade groups.
Mr. Lofchie received his B.A. from Sarah Lawrence College and his M.B.A. from Columbia Business School, where he was a General Motors Fellow. He received his J.D. from Yale Law School, where he was a member of the Yale Law Journal. He is admitted to practice in the State of New York and before the U.S. District Court for the Southern District of New York.
About Cadwalader, Wickersham & Taft LLP
Cadwalader, Wickersham & Taft LLP, established in 1792, is one of the world's leading international law firms, with offices in New York, London, Charlotte, Washington and Beijing. Cadwalader serves a diverse client base, including many of the world's top financial institutions, undertaking business in more than 50 countries in six continents. The firm offers legal expertise in antitrust, banking, business fraud, corporate finance, corporate governance, environmental, healthcare, insolvency, insurance and reinsurance, litigation, mergers and acquisitions, private client, private equity, real estate, securities and financial institutions regulation, securitization, structured finance, and tax. More information about Cadwalader can be found at www.cadwalader.com.
CONTACT: Cadwalader, Wickersham & Taft LLP Billee Howard 212-445-8355 bhoward@webershandwick.com or Claudia Freeman 212 504 6470 claudia.freeman@cwt.com
Source: Business Wire (Business Wire India)