NEW YORK, APRIL 19, 2018 – Jenner & Block announced today the formation of a FinTech industry group, expanding the firm’s strong reputation in advising clients on complex financial services and consumer-related matters. Anchored by a team of experienced former government officials, prosecutors and in-house counsel, the practice focuses on advising FinTech companies and businesses that rely on financial technology to navigate challenges in this increasingly complex area of commerce.
Former government officials with deep knowledge in issues relating to the industry include David Bitkower, former principal deputy assistant attorney general for the Criminal Division of the US Department of Justice (DOJ), and Kali Bracey, former deputy assistant attorney general for the Torts Branch of the DOJ and former senior counsel at the Consumer Financial Protection Bureau. The practice also includes Joseph L. Noga, former litigation counsel at GE Capital with deep consumer finance experience.
“Our outstanding group of lawyers has been advising both new market participants and established corporate clients on their most challenging issues in this growing space,” said Terrence J. Truax, Jenner & Block’s managing partner. “This practice fits well within our focus on complex and sophisticated matters, and we are excited to build out a full-service offering with our multidisciplinary practitioners; to work strategically with businesses to address and stay ahead of new developmentsas financial technologies and the regulatory landscape continue to evolve.”
The group also taps up-and-coming Jenner & Block talent whose practices are increasingly focused on the legal issues facing companies that rely on emerging financial technology, including Michael W. Ross. Mr. Ross represents FinTech companies and other financial services entities in significant regulatory matters, commercial disputes and investigations.
“Technology is changing the way we borrow, the way we send money and the way that we invest,” said Mr. Ross. “The companies adopting these technologies face an array of legal challenges that require sophisticated thinking and good judgment.”
Jenner & Block’s FinTech team counsels clients on an array of sophisticated issues relating to cryptocurrencies, initial coin offerings (ICOs) and blockchain and distributed ledger technology. They also represent peer-to-peer payment companies, online and marketplace lenders and others. The practice covers legal areas including government and internal investigations, data and cyber security, compliance and controls, intellectual property protection, corporate and transactional matters, dispute and controversy resolution and insurance coverage.