Like its cousin the Banking industry, Financial Services organizations are besieged by regulation and government scrutiny. The industry has a 4-pronged balancing act of compliance, new product development, a backlog of litigation, and new regulators looking to protect consumers.
Financial Services clients use many law firms due to their diversity of need, but only 18 have achieved the ultimate relationship status of Clientopia. These clients are particularly impressed with the law firms who can help with product development (which translates into revenue and market share) and fend off new regulatory investigations and inquiries.
These 18 law firms with the strongest relationships—who are both core and recommended first in the Financial Services industry—are named by clients in the just-released BTI Power Rankings 2016:
Akin Gump Strauss Hauer & Feld
Alston & Bird
Buchanan Ingersoll & Rooney
Foley & Lardner
Green & Hall
Honigman Miller Schwartz and Cohn
Milbank, Tweed, Hadley & McCloy
Skadden, Arps, Slate, Meagher & Flom
Wachtell, Lipton, Rosen & Katz