BakerHostetler launched an investment funds group chaired by newly-hired partner Adam Gale, the firm announced Nov. 16.
The new investment funds group is a multidisciplinary team of attorneys from across the firm’s 14 offices providing private equity, venture capital, hedge fund and real estate manager clients core services such as fund formation, regulatory, securities and litigation counsel.
Gale will be based in New York City and will run the investment funds group along with firm partner Jessie Gabriel. Gale joins the firm from Mintz Levin, where he was co-leader of the investment funds practice.
Gale said he made the move because of BakerHostetler’s larger investment funds practice. “There will be more opportunities to continue to provide top-notch advice to middle market private equity funds, venture capital funds, real estate funds and hedge funds,” he said.
Gale’s expertise includes middle market private investment funds; initial coin offerings; and market regulations including FINRA rules, net capital, insider trading, and anti-money laundering.
The firm decided to launch the new group after realizing that their investment fund clients “want lawyers who are real partners in their success,” Gabriel told Bloomberg Law.
But in order to provide that kind of service, she said, we “need to understand what matters to them.”
They already had an experienced team in place, and with Gale joining the firm “and bringing such strong industry knowledge, as well as exceptional formation and compliance skills, it was the perfect time to launch,” Gabriel explained.
She and Gale anticipate the practice will grow and they’ll add to the team in the near future.
Other Big Law firms with investment funds groups include Ropes & Gray, Latham & Watkins, Pillsbury, and Shearman & Sterling.
Gale isn’t the only big attorney move involving BakerHostetler as of late. The firm, which has nearly 1,000 lawyers across the U.S., recently lost John Moscow, a top white-collar litigator, to boutique firm Lewis Baach Kaufmann Middlemiss.
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