Year in Review 2021

Dechert creates Women in Securities Litigation Network

The group hopes to mentor younger women lawyers and to build a referral network.

Given the number of successful women at Dechert who focus on defending securities cases, we wanted to create a national network for collaboration among women active in securities disputes.” Joni Jacobsen Partner “

“The group is open to all women associated with the field of securities litigation defense,” explains Kathleen Massey. “Not only securities litigators

In a field largely dominated by men, Dechert stands out for its strong women practitioners in securities litigation: including partners Linda Goldstein, Joni Jacobsen, Angela Liu and Kathleen Massey. In November, they launched the inaugural event for the new Women in Securities Litigation Network, featuring keynote speaker Jill A. Centella from JPMorgan Chase. “This was the first in a series of events which will feature women industry leaders,” says Linda Goldstein. “We are hoping to create opportunities for the exchange of ideas and role-modeling for women throughout the industry.”

at law firms, but also women at insurance carriers and brokers, as well as in-house counsel.”

“We have received a very positive response,” says Angela Liu. “Our Advisory Committee consists of 25 women from top firms across the country, and over 150 women have joined. Our network will facilitate mentoring and referrals among women who practice in this very exciting and dynamic area of the law.”

Assisting the UK government’s investigation into LCF collapse

The LCF fraud sent shockwaves through Europe’s financial community. To find out what had gone wrong, H.M. Treasury appointed an independent investigator, supported by Dechert.

Dame Elizabeth’s 400+ page report and recommendations shone a light on so-called “mini-bonds,” the mass- marketing of which has since been limited by regulation. The report contributed to significant changes being made at the FCA under the leadership of the new CEO. Financial services companies should also expect future measures to reduce the promotion of unregulated products by using the ‘halo effect’ of FCA authorization.

Dechert supported Dame Elizabeth Gloster, appointed at the direction of the UK’s H.M. Treasury as the independent investigator into the Financial Conduct Authority’s (FCA) regulation and oversight of failed investment company London Capital & Finance Plc (LCF). This was one of Europe’s largest financial scandals of recent times, with more than 11,000 retail investors potentially losing £237 million as a result of LCF’s collapse

This matter is likely to have transformational impacts on the UK financial services market.”

Dorothy Cory-Wright Partner

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