Cadwalader Continues To Build Financial Regulation Practice with Addition of Jim Scott
NEW YORK – Cadwalader Wickersham & Taft LLP has announced that James E. Scott has joined the firm as Special Counsel in the Financial Regulatory practice of the New York office.
"The ongoing turmoil in the financial markets will have important consequences for regulatory policy and for the evolution of financial products and services. Now, more than ever, our clients need us to provide them with decision-oriented guidance regarding financial regulation as it currently exists and as it continues to change. We believe that our clients will benefit from Jim's hands-on experience in working through situations of rapid market and legal change," said Christopher White, the Chairman of Cadwalader.
"Jim's practical knowledge of the workings of the U.S. bank regulatory system combined with his longstanding and broad relationships with members of the bank regulatory community make him a tremendous resource," said Steven Lofchie, head of Cadwalader's Financial Regulatory practice. "With the addition of Jim and the growth of our U.K. regulatory practice, we believe that we offer clients an unmatched scope of financial regulatory advice."
Mr. Scott joins Cadwalader from Citigroup, where he has served as Assistant General Counsel, Bank Regulatory, since 2001. In this capacity, he held primary responsibility for the regulatory aspects of domestic and international restructurings and for mergers and acquisitions. He also supported Citigroup 's emerging markets mortgage and auto finance businesses, global compliance, and privacy offices.
Throughout his career, Mr. Scott has held a number of senior positions involving bank regulatory and policy matters, giving him substantial experience in international activities, securities and futures-related matters, venture capital, mergers and acquisitions, and real estate. Before his tenure at Citigroup, he was a partner in the Financial Institutions Group of Washington, D.C. law firm Venable, Baetjer, Howard & Civiletti LLP; Managing Director and Counsel in charge of all U.S. bank regulatory matters for Bankers Trust Company; Senior Counsel with Bank of America; and Senior Counsel with the Board of Governors of the Federal Reserve System. His experience extends to providing counsel regarding capital and treasury matters and fiduciary issues, litigating regulatory matters, establishing banks, drafting capital adequacy and permissible activity regulations, and coordinating significant bank and bank-business acquisitions and divestitures.
Chair of the Banking Law Committee of the American Bar Association since 2005, Mr. Scott previously served as Secretary of the Committee, as Vice Chair of the Subcommittee on Legislation and Regulation, and as Chair of the Subcommittee on Law School Teaching. With four other members of the 1500-member Banking Law Committee, he formed the faculty of a three-day Boston University Basics Course on Banking Law that has provided instruction to 50 new lawyers twice per year since 1998. He also has been co-chair of numerous conferences for the Securities and Financial Markets Association and Executive Enterprises.
In addition to these activities, Mr. Scott served as an Adjunct Professor at Boalt Hall Law School, University of California at Berkeley, and at Catholic University Columbus School of Law, and as an Assistant Professor of Business Law at the Pennsylvania State University School of Business. He is the author of Guide to Federal Law of Banking and Insurance, Prentice Hall Law & Business (1989 & supps), and Banks and Insurance: An Update, 43 Business Lawyer 1007 (May 1988).
Mr. Scott in a graduate of the Georgetown University School of Foreign Service and the University of Michigan Law School.
Cadwalader, Wickersham & Taft LLP, established in 1792, with offices in New York, London, Charlotte, Washington and Beijing, serves a diverse client base, including many of the world's top financial institutions, undertaking business in more than 50 countries in six continents. The firm offers legal expertise in antitrust, banking, business fraud, corporate finance, corporate governance, environmental, healthcare, insolvency, insurance and reinsurance, intellectual property, litigation, mergers and acquisitions, private client, private equity, real estate, regulation, securitization, structured finance, and tax. More information about Cadwalader can be found at www.cadwalader.com.