My last blog post1 discussed the cumbersome financial regulations for FinTech firms in the United States, specifically as related to money transmitter laws. The nation’s challenging regulatory scheme may induce FinTech firms’ to do business in countries with friendlier regulatory environments like the United Kingdom. In an effort to be more accommodating to FinTech, the U.S….
Author: Rebecca Michael
Money Transmitter Laws and FinTech in the United States
Cumbersome and numerous, financial regulations in the United States have proven to be a daunting task for FinTech firms to navigate. The U.S. banking sector has a significant regulatory structure that can vary from state to state. This makes things difficult for FinTech firms because there is persistent confusion about what regulations apply to FinTech.1…
Big Law Partners; De-Equitization of Partners
First to recap my prior blog post, Big Law firms are facing increased pressure from clients and the market to reign in their exorbitant costs. The traditional two-tier partnership model places an emphasis on profits per equity partner. This management structure manages the complex law firm organization as if it were still the small, collegial…
Law Firm Partnership Tracks Running Firms into the Ground – Is there a Solution? (Part 1 of 2)
Being an equity partner at a law firm used to be a give-in. For decades those who were relatively competent lawyers who served their time at the firm made equity partner.1 After the Great Recession the legal industry was hit hard and law firms were forced to reorganize themselves to remain competitive. The Recession marked…