NEW YORK, Nov. 13, 2012 /PRNewswire/ -- Murphy & McGonigle, P.C. announced today that it is the only small firm to have achieved National Tier One recognition for its U.S. securities regulation practice by U.S. News – Best Lawyers® "Best Law Firms."
The two-year-old Murphy & McGonigle, with 40 total lawyers, is the only firm on the list with less than several hundred lawyers. Murphy & McGonigle is also the only recently formed firm to be included on this prestigious list of the best American securities regulation law firms.
"We are deeply honored by this recognition of our firm as a leader in the field of securities regulation, alongside some of the largest and most renowned securities practices in the legal profession," said James A. Murphy, chairman of Murphy & McGonigle.
"In our short history, Murphy & McGonigle has been able to attract a critical core of top notch securities regulation practitioners who now represent many of the major financial institutions and securities markets operating in the United States," added Murphy. Nine of Murphy & McGonigle's partners formerly served in the U.S. Securities and Exchange Commission, some in senior management positions.
Murphy & McGonigle joins a select group of prestigious law firms across the country renowned for their deep expertise in complex securities regulatory issues.
Since its inception in 1983, Best Lawyers has become universally regarded as the definitive arbiter of excellence in the legal profession. Because Best Lawyers is based on an exhaustive peer-review survey in which more than 41,000 leading attorneys cast almost 3.9 million votes on the abilities of other lawyers in their practice areas – and because lawyers do not pay a fee to be listed – inclusion in Best Lawyers is considered a singular honor. Corporate Counsel magazine has called Best Lawyers "the most respected referral list of attorneys in practice."
"The 'Best Law Firms' rankings are now in their third year, and the reaction to the rankings from the legal profession and from legal clients continues to be very gratifying," says Steven Naifeh, president of Best Lawyers. "Because we combine hard data with peer reviews and client assessments, more and more clients inform us that ours are the most thorough, accurate, and helpful rankings of law firms ever developed."
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 ensure world-class service and maximum cost-efficiency. In the years since the financial crisis, that model has only become increasingly attractive to 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 securities markets and exchanges.
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.