Gibson Dunn pounces for SEC director Schonfeld

Gibson Dunn pounces for SEC director SchonfeldGibson Dunn & Crutcher has snared New York Securities and Exchange Commission (SEC) regional director Mark Schonfeld as a partner in its litigation group.

After a 12 year career at the SEC, Schonfeld will join the US firm in November to co-chair its securities enforcement practice group alongside Washington DC partner Barry Goldsmith.

Schonfeld will also work closely with Gibson Dunn’s crisis management and white collar defense and investigations groups.

“It has been a tremendous experience for me being at the SEC and tremendously rewarding, but after 12 years I thought it was time to try something new,” Schonfeld told The Lawyer.

Gibson Dunn managing partner, Ken Doran, added: “Mark will be a terrific addition to our securities enforcement team. He enjoys an exceptional reputation among regulators and the financial community alike.”

Doran also said Schonfeld would be a resource for Gibson Dunn clients facing SEC investigations, internal investigations or litigation with significant securities issues.

Schonfeld joined the SEC in 1996 in the enforcement division in the Boston office. While director of the SEC New York office, Schonfeld was involved in a number of key cases, including the investigation into fraudulent accounting by insurance and reinsurance companies and the coordination of the SEC’s nationwide investigation of mutual fund trading practices.

During the period Schonfeld was in New York, the office recovered more than $3bn (£1.5m) for investors and effected overhauls in corporate governance and compliance programs at major financial institutions.

“The value I think I can add is in understanding how the government approaches these cases, how the litigation lawyers think and also being able to help companies and individuals navigate these kinds of investigations,” Schonfeld said.

Prior to taking up his post as New York director in 2004, Schonfeld was co-head of the enforcement programme in the city.