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.”
Latest News
-
UK regulators launch inquiry into Big Tech digital wallets
-
Citi taps Barclays for new commercial head
-
Santander launches digital sign language service
-
Anne Boden steps down from Starling board to 'develop AI business'
-
NatWest payments arm partners with JD Wetherspoon
-
Government stake in NatWest drops below 20 per cent
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories