Mayer Brown has set up a global financial services regulatory and enforcement practice group made up of 50 lawyers across the firm’s London and US offices.
Jointly headed by Washington partners Scott Anenberg and Charles Horn and New York partner Michael Butowsky, the group will focus on regulatory, enforcement, litigation and policy matters for financial services companies.
So far three London partners are part of the group with the remainder based in the firm’s New York, Washington, Chicago and Houston offices. Horn said the intention is to strengthen London’s representation in the group with the likelihood that lawyers from the firm’s European offices will also come under the new practice area.
“The group is very new but that is something we will actively work on,” he said. “We are also going to be thinking about new recruits.”
The London partners in the group are Peter Richards-Carpenter, Edmund Sautter and Nicholas Kynoch.
Richards-Carpenter’s practice focuses on the regulation of banking and financial services in the UK and he has advised the Financial Services Authority (FSA) on certain aspects of its regulatory regime.
Sautter’s practice focuses on finance dispute resolution and he advises banks and other financial institutions in disputes across a range of financing structures and banking products.
Kynoch advises a range of banks and financial institutions on regulatory and commercial issues.
Horn said: “We think the group responds to and anticipates the trend in the market in financial services. Whether they are bank securities companies or asset managers, clients are highly regulated because they offer so many products. Their regulatory needs have become very strategic.”