The 945-lawyer firm has made a lateral hire in a bid to provide a one-stop investment fund shop
BakerHostetler announced today that it is launching a new Investment Funds team, based in the firm’s New York office. It has hired Adam Gale, formerly co-head of the Investment Funds practice at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, where he spent six years after a stint as senior counsel at the Bank of New York.
Gale, who will be leading the new department jointly with investment disputes expert Jessie Gabriel, specialises in middle-market investment funds, and has experience in fund formation and structuring, regulatory advice and acting for broker-dealers. He has also advised on ICOs (initial coin offerings), an increasingly prominent feature of the capital markets landscape and particularly challenging in the US given the relatively strict Financial Industry Regulatory Authority rules surrounding these issuances.
‘Adam is a terrific addition to the firm,’ says New York office managing partner George Stamboulidis, ‘and his experience will benefit attorneys not just in New York but across our offices nationwide.’
Indeed, Gale’s transactional and regulatory acumen coupled with Gabriel’s experience in litigation and compliance strengthens BakerHostetler’s bid to be a one-stop shop for investment fund clients. Gabriel is sanguine about this, and about the firm’s general expertise in sectors that are currently interesting investors. She told The American Lawyer in an interview, ‘We had the pieces, we had the skillset, but we were driven towards this broader view. With Adam coming on, it was just the perfect time to go forward with this.’