The collapses of Silicon Valley Bank and Signature Bank threw yet another wrench into an already rapidly evolving landscape for banking, with some legal experts predicting more rigorous regulations on the horizon. That’s driving demand higher for a relatively small pool of lawyers with financial regulation and government experience.
“It’s a strong priority with a number of firms, and I predict that will continue to increase,” said Dan Binstock, a partner and Washington, D.C.-based legal recruiter at Garrison & Sisson, noting that financial services lawyers are in demand even as law firms are generally adopting less of a risk appetite for lateral hires.
