Murphy & McGonigle Announces Major Expansion in New York Securities Litigation and Enforcement Firm Acquires New York Boutique Law Firm Krebsbach & Snyder
NEW YORK, Sept. 4, 2012 /PRNewswire/ -- Murphy & McGonigle, P.C., today announced the largest expansion in its two-year history with the addition of the eight lawyers in New York-based Krebsbach & Snyder, a leading national securities litigation, arbitration, and enforcement law firm founded in 1993 by Theodore ("Ted") Krebsbach.
With the arrival of Mr. Krebsbach and his colleagues, Murphy & McGonigle, a securities litigation and enforcement law firm based in New York and Washington, DC, has significantly expanded its practice in New York. In the past twenty years, Krebsbach & Snyder has represented many of the nation's major investment banks and securities broker dealers in New York and throughout the country, in a broad range of high-stakes litigation, arbitration, and enforcement proceedings. The attorneys of Murphy & McGonigle's New York office also currently represent a number of the nation's largest banks in high exposure cases involving mortgage-backed securities, and as regulatory counsel for national and international securities exchanges.
"This is certainly a banner day for our firm," said James A. Murphy, chairman of Murphy & McGonigle. "I have known Ted Krebsbach for many years and, like everyone else in the financial services industry, I regard him as a true industry leader. His litigation, arbitration, and enforcement experience adds a crucial new dimension to the expertise and resources that we can provide our clients."
Before founding Krebsbach & Snyder, Mr. Krebsbach was Director of Litigation at Shearson Lehman Brothers. There he gained distinction as leader of a unique in-house legal team that litigated much of its own caseload – at every level of the judiciary, including the United States Supreme Court -- rather than only rely on outside counsel.
During his tenure at Shearson, Mr. Krebsbach further distinguished himself when he personally argued and won two landmark Supreme Court cases, Shearson v. McMahon and Rodriguez v. Shearson, which established securities arbitration as the primary forum for the resolution of investor-stockbroker disputes.
"For my colleagues and me, Murphy & McGonigle offers multiple attractions," said Mr. Krebsbach. "We will be working with some of the best securities lawyers in the business even as we dramatically expand the scope of our current practice in order to serve our clients in all their securities-related matters."
"The cultural fit was also a compelling attraction for us, as Murphy & McGonigle shares our own intensive and collegial focus on client needs and client service," added Mr. Krebsbach. "Client service is more than just a platitude at Murphy & McGonigle. The firm's business model is consciously designed to free up lawyers so they can devote all their time to practicing law and delivering world-class service to their clients."
Two years ago Murphy & McGonigle was founded on an innovative law firm model that rigorously controls overhead, outsourcing non-core functions while providing its attorneys and clients with state-of-the-art technology and litigation support to assure optimal-quality services and maximum cost-efficiency. In the years since the financial collapse, that model has only become increasingly practicable for clients in the financial services as well as other diverse industries.
Murphy & McGonigle serves the litigation, enforcement defense, and regulatory counseling needs of clients across the full spectrum of the financial services industry, from national banks, broker-dealers, investment advisors, and hedge funds to national and international markets and exchanges. Nine Murphy & McGonigle partners formerly served in the U.S. Securities and Exchange Commission, some in senior management positions. Just last month, the firm announced that Rob Park had joined the firm from the Fraud Section of the Department of Justice.
Eight attorneys will be joining Murphy & McGonigle. The partners are Theodore A. Krebsbach, Theodore R. Snyder, Victor A. Machcinski, Jr., and Barry S. Gold. The associates are April M. Chung, Katherine M. McGrail, David A. Christie, and Heather B. Middleton.
Murphy & McGonigle operates out of offices in New York, Washington, D.C. and Richmond, Virginia. For more information on the firm, please visit www.mmlawus.com.
SOURCE Murphy & McGonigle, P.C.