Financial services and FinTech law firms Orrick and Buckley are to merge, the companies have announced.
Orrick and Buckley said the partnership will enable the firms to respond to the demand from financial institutions looking to address opportunities and risks created by the convergence of finance and technology.
The combined firms will launch a Strategic Advisory and Government Enforcement (SAGE) business unit consisting of 270 lawyers. They will advise on a range of topics including regulation and enforcement in FinTech and cybersecurity.
The merger is subject to conflict clearance and partnership approval, with the transaction is expected to close by the end of January.
The companies said that the merger will act for many consumer banks, around 700 FinTech firms, and over 4,000 emerging companies.
Commenting on the news, Orrick Chair Mitch Zuklie said: “Our finance and tech clients are innovating in an environment of increasing regulatory and enforcement uncertainty – it’s one of their primary business risks.”
He added: “As these sectors converge, the combined firm will offer valuable regulatory and sector insight to these innovators and their investors who need to see around regulatory corners in pursuing their strategies.”
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