Kramer Levin Naftalis & Frankel has lured one of Dechert’s most esteemed fund formation lawyers to its office in New York.
Kevin Scanlan, who practiced law at Dechert starting in March 2008, has joined Kramer Levin as a partner in the firm’s corporation division. Scanlan’s fund formation practice encompasses many types and classes of funds including hedge funds, private equity funds, real estate funds, venture capital funds, and funds of funds. He represents well-established and emerging fund managers with equal proficiency.
In a discussion with IFLR1000, Scanlan reflected on the regulatory environment in which funds operate a few years post-Dodd-Frank.
“In the U.S., the rules have settled down somewhat. The SEC and the CFTC are generally done with their rulemaking. Things like risk retention rules are still going into effect at the end of next year, but the Volcker Rule is pretty much finalized. The landscape is relatively settled in the States, at least much more than it has been in the past four to five years," Scanlan said.
"In Europe, things are a little more in flux, with respect to the alternative investment fund managers directive, and the rules for anyone going to get a marketing passport and selling funds into Europe. In the next year or two, there should be a lot more clarity," he added.
Scanlan holds an LLM Taxation from New York University School of Law, a JD from Fordham University School of Law, and a BA from Fordham University.