Washington securities official makes move to Dechert Price

Dechert Price & Rhoads, the US firm allied to Titmuss Sainer Dechert, has added to its tally of ex-Securities and Exchange Commission officials by taking on Jack Murphy, who joins as a partner based in the firm's Washington office.

Murphy, who held the post of associate director and chief counsel of the SEC's Division of Investment Management, joins Wallace Timmeny, a former deputy director of the SEC's division of enforcement, at the firm.

Barton Winokur, Decherts' chairman, said: “We are committed to expanding this practice through the selective add- ition of highly experienced lawyers like Jack Murphy and Wally Timmeny.”

Timmeny led his team of five lawyers in a move from the Washington office of McGuire Woods Battle & Boothe at the start of the year.

At the time of his move, Timmeny said there was an “old boy network” of ex-SEC personnel at Decherts.

Murphy said: “There was no question that Decherts' investment management group was where I wanted to be. The client base is international, the work is cutting-edge.”

He added: “I've known a number of Decherts investment management lawyers for some time, having served with many of them during my tenure at the commission.”

Many Decherts lawyers have held senior positions at the SEC in the divisions of investment management, market regulation and enforcement, and the office of general counsel.

This move is in line with Timmeny's January promise that the firm was looking to expand its Washington office. Three associates have recently joined the firm's investment management practice: Cynthia Fornelli and David Vaughan with Murphy in Washington, and Tyson Arnedt in New York.