Financial Services, Private Client, International
Rimon’s Banking and Financial Services team provides legal services to banks and other financial institutions. We also represent investment management firms. We counsel clients on commercial loan transactions, regulatory compliance, product development and design, structuring and management of investment funds and implementation of trading strategies. Rimon also has the wherewithal to address broad subject areas crucial to our financial service clients: corporate law and securities, labor and employment, employee benefits, federal and international tax and treaties, and litigation relevant to banks and financial service transactions.
We offer basic legal advice comprising several key areas: (i) negotiating, documenting and closing finance and lending arrangements, (ii) counseling clients on financial regulatory matters, FinTech and retail banking and resolving regulatory matters, (iii) handling swap, investments funds and other investment vehicles, and (iv) providing general executive suite services relating to corporate governance, information governance, privacy and data security, general contract law, federal and international tax, and labor and employee benefits.
Our clients include international, national and regional enterprises and local players.
Our spherical organizational structure facilitates the client-focused delivery of legal services and avoids the bureaucracy of the traditional pyramid model still used by many law firms. We are committed to utilizing 21st- century best practices and partnering with our clients to deliver the full capabilities of appropriately-scaled legal teams. We field highly-skilled attorneys with decades of experience, who are committed to service to and communication with our clients.
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We have decades of experience in representing lenders — and borrowers — in many different financing arrangements:
Rimon has received international recognition for its spherical organizational structure. It allows for an agile and dynamic team that works closely together to efficiently respond to client needs.
Our experienced partners form the surface of the sphere, working directly with clients without bureaucratic interference. They are fully supported by a close team of associates, Rimon Network, administrative staff, and management.
This model contrasts with the traditional pyramid structure, and offers the following benefits:
Unlike in a pyramid model, our attorneys do not have to follow the dictates of superiors who are unfamiliar with their clients. They do not have to feed the top of a pyramid or follow bureaucratic rules. Instead, Rimon attorneys turn their attention to serving clients by working as a team of equals, supported by staff, Rimon Network, and associates. Rimon’s management fosters teamwork and excellence instead of getting in the way of client representation.
Our attorneys are not compensated based on their ranking in a hierarchy or relationship with management. Our compensation structure is based purely on work done for our clients. Attorneys are rewarded for bringing in new work and for assisting their peers. This ensures that our attorneys focus on client needs and relationships, rather than firm politics.
We recognize that every client has different needs. One size does not fit all. For this reason, our attorneys have the freedom to determine alternative billing structures and tailored representation for our clients.
Since we do not rely on the leveraged model of a pyramid structure, most of our attorneys are partners with years of high-level experience. Our attorneys do not cut their teeth on our clients’ important work. At the same time, our support team ensures clients don’t pay partner rates for data entry or basic research. Furthermore, with management working on the day-to-day business issues of the firm, our attorneys can focus on our clients.
The pyramid structure often rewards hoarding work, or working with the most connected partners for political reasons, even if they are not the right ones for the job. The Rimon model encourages attorneys to work together as a single, efficient team, in a way that serves the client best. Hierarchy, bureaucracy, and politics do not get in the way.
Since our partners work as a team but do not depend on each other for their compensation, Rimon’s structure allows for greater stability. Attorneys do not suffer as a result of weak performance in a specific office or sector, nor do they rely on a few rainmakers to keep the firm afloat.
The flexibility of the spherical structure and Rimon’s culture promotes constant dynamism. Freed from the stiff pyramid structure, new ideas can be implemented by those most likely to be successful.
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Rimon advises broker-dealers regarding the full range of legal and regulatory issues arising in their businesses, including:
Rimon’s broker-dealer practice has a special emphasis on representing firms primarily engaged in merger and acquisition advisory and private capital raising services. Our attorneys' extensive experience as in-house counsel at major investment banks gives us a unique perspective to realize business goals while protecting the client from legal liability. In this regard, we advise clients as to whether the nature of their business activities require broker-dealer registration.
Rimon’s Financial Services team represents proprietary trading firms, investment funds, traditional asset managers and institutional investors in structuring and documenting a wide variety of derivatives transactions.
Rimon collaborates with clients in structuring and documentation of over-the-counter derivatives products, including complex instruments based on credit, commodity, equity, debt, interest rate and foreign exchange products and indexes; total return swaps; and forward and option agreements. We also assist with negotiation of securities financing arrangements, including repurchase agreements, securities lending agreements, prime brokerage agreements and master netting agreements.
Rimon also assists clients with the documentation of bank loan and bankruptcy claims trades and related regulatory and legal issues.
Our attorneys intercede with counterparties on behalf of our clients to avoid termination of derivatives transactions due to significant net asset value decline and address disputes with counterparties involving collateral valuation, ISDA events of default and early terminations, secondary loan trading, novations and fund liquidations.
We counsel clients in navigating the impact of Dodd-Frank Act and the EMIR on cross border derivatives transactions, including the negotiation and documentation of arrangements with central counterparties and swap execution facilities. We also advise clients on the greatly expanded regulatory compliance requirements of this fast-changing area and assist clients with anticipating regulatory changes and required responses to information and agreement amendment requests.
Rimon’s Financial Services practice represents investment advisers and other asset managers ranging from boutique firms to global financial services companies.
We counsel investment advisers and other asset managers on a range of matters, including:
We also counsel financial industry participants on general corporate matters, combining our knowledge of the unique regulatory issues affecting financial services industry clients with the expertise of attorneys in Rimon’s other practice areas, including:
Rimon advises sponsors of private investment funds across a wide spectrum of asset classes, investment strategies and delivery vehicles, including:
We counsel private fund sponsors on structuring, operational and distribution matters, including:
We partner closely with local counsel in offshore jurisdictions to ensure efficient and well-coordinated new fund launches.
We offer sponsors of mutual funds registered under the Investment Company Act of 1940 advice on structuring, operating and distributing funds. We advise clients on a wide spectrum of asset classes and structures, including:
We advise 1940 Act fund sponsors on a wide range of ongoing and transactional matters, including:
Financial Services, Private Client, International
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