Type: News Releases
September 16, 2015—As part of its ongoing focus on providing legal services to the financial industry, Reed Smith LLP announced today the launch of its new FinTech Practice Group.
“We are excited to be at the forefront of the FinTech revolution and to reaffirm our commitment to representing financial services more broadly,” said Sandy Thomas, Reed Smith Global Managing Partner. “Drawing on our global, 250-lawyer-strong Financial Industry Group, and more than a century of experience representing the financial industry, the FinTech team brings that experience to bear as the industry develops in new directions and with new players.”
FinTech companies are technology businesses creating innovation and disruption in the financial services space through payments software, marketplace lending, data-driven underwriting, and other paradigm-changing business methods that seek to make the industry, as a whole, more efficient.
The explosion of innovation in FinTech has drawn billions in venture capital over the past few years.
“FinTech clients are innovating in an industry that is heavily regulated, and, in many cases, the laws and regulatory framework do not reflect the new reality, or they lag behind key innovations,” said San Francisco-based partner David S. Reidy, who co-chairs the FinTech Group with San Francisco partner Vanessa C. Gage.
“In addition to our transactional work, a central focus of the practice is guiding our clients through this landscape,” said Reidy. “We help align the compliance and business structures, and represent clients in their interactions with regulators—such as the FTC, FCC, CFTC, and CFPB—so that they can focus on innovating and building their core business.”
With 60 attorneys in offices around the world, Reed Smith’s FinTech team represents clients in structured finance and corporate transactions, and provides counseling on a broad range of issues, including licensing, securities, regulatory compliance, risk management, intellectual property, insurance recovery, and employment.
The Reed Smith FinTech team also today launched its new blog, FinTech Update, which will draw upon the firm’s extensive experience in financial services to keep readers informed of legal and regulatory developments in this emerging field. For more information, see: www.fintechupdate.com.
About Reed Smith
Reed Smith is a global relationship law firm with more than 1,800 lawyers in 26 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute-resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, entertainment and media, shipping and transport, energy and natural resources, real estate, manufacturing and technology, and education. For more information, visit reedsmith.com.
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