Chambers USA 2020 Recognizes Firm, Lawyers

April 27, 2020
by Stephen J. Crimmins, Matthew B. Comstock, Howard L. Kramer

Murphy & McGonigle has once again received both noteworthy firm and multiple lawyers’ recognition in the new edition of Chambers USA, which was recently published.

Firm Ranking

In the category Nationwide – USA: Financial Services Regulation, Murphy & McGonigle is rated in Band 3 (up from Band 4 a year ago). In all, only six law firms are ranked in Bands 1-3 in this category.

Firm Review – Financial Services Regulation: Broker Dealer (Compliance & Enforcement)

Murphy & McGonigle (Band 3)

What the team is known for A strong broker-dealer outfit that continues to consolidate its position in the market. Noted for its handling of complex regulatory compliance questions and enforcement situations. Showcases broad expertise in cutting-edge matters such as the use of blockchain, digital currencies and artificial intelligence in the fintech space. Comprises a number of talented individuals with decades of experience in the broker-dealer space, with a number of attorneys also having held senior positions at the SEC and NYSE.

Strengths "Murphy & McGonigle is an excellent firm with a very focused, niche practice," says one source.

"They give you a top work product at reasonable rates," says a client, who also praises the "really terrific, solid advice across the board."

Others note that the "depth of expertise and knowledge of the SEC is outstanding," also highlighting the team's "great client management style handling a variety of personalities."

Another source reports: "They've put together a nice group of former SEC practitioners and have carved out a name for themselves as a smaller practice which can be more flexible on rates."

Individual Rankings

Financial Services Regulation: Broker Dealer (Compliance & Enforcement) Nationwide - USA

Notable practitioners
"Distinguished practitioner" Howard Kramer (Band 1) wins plaudits for his work guiding broker-dealers through the complex US regulatory landscape. He offers experience on both sides of the equation, often directly advising the regulatory authorities on emerging policy issues.

Sources say: "Howard has such a breadth of experience and knowledge," adding: "He's truly an expert and adds an enormous amount of value as counsel."

Matthew Comstock (Band 3) garners praise for his expertise in broker-dealer compliance matters. He routinely provides counsel to clients undergoing examination by the SEC and FINRA.

Securities Regulation: Enforcement (Nationwide USA)

Stephen Crimmins (Band 3) handles complex and sensitive SEC enforcement actions and investigations on behalf of public companies and broker-dealers. He offers significant strength in financial fraud and accounting issues.

A source describes him as "a wonderful guy, steeped in securities law."

The rankings result from interviews that Chambers conducts with clients and other lawyers from competitor firms in the marketplace.

The full Chambers USA Guide 2020 can be found in the link: chambers.com.