Two international law firms have merged to create a practice dedicated to serving fintech and financial services.
Orrick, founded in San Francisco, USA, is merging with Washington DC-based Buckley to create a combined law firm that counts major consumer banks, more than 700 fintech market participants, leading funds, 4,000 emerging companies and 10 of the Fortune 20 tech companies as clients.
Orrick will launch a new business unit focused on providing “regulatory and commercial solutions that integrate deep sector knowledge” following completion of the merger.
On the new strategic advisory and government enforcement unit, Matthew Gemello, head of Orrick’s global corporate practice, commented: “Clients increasingly tell us that synthesising these perspectives into an integrated, market-focused one, and embedding that holistic expertise in our transactional and litigation work, is what enables the Orrick team to deliver distinctive value.”
Speaking on the merger, 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.
“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.”
Buckley co-managing partner Clint Rockwell added: “This transformation creates a host of novel and precedent-setting regulatory, transactional and litigation risks and opportunities for our clients—and by joining forces with Orrick, we will be able to partner closely with our clients on top-quality, holistic solutions.”