What's Happening?
O'Melveny & Myers LLP has announced the hiring of James R. Burns and Brant K. Brown as financial services regulatory partners in their Washington, DC office. Both Burns and Brown have extensive experience in the trading and markets sector, having worked
together for over two decades. They have advised a variety of market participants, including broker-dealers, exchanges, and private fund investment advisers. Burns has previously held senior leadership roles at the U.S. Securities and Exchange Commission, while Brown has experience with the Financial Industry Regulatory Authority. Their move from Cleary Gottlieb to O'Melveny is seen as a strategic enhancement of the firm's capabilities in financial services regulation.
Why It's Important?
The addition of Burns and Brown to O'Melveny underscores the firm's commitment to strengthening its financial services regulatory practice. This move is significant as it enhances O'Melveny's ability to navigate complex regulatory environments, which is crucial for advising clients in the ever-evolving financial markets. The expertise of Burns and Brown in regulatory matters will likely attract more clients seeking guidance on compliance and market operations, potentially increasing the firm's market share in the financial services sector. This development also reflects broader trends in the legal industry where firms are increasingly focusing on specialized practices to meet client demands.
