Top law firms have paved a path to success via industry specialization, whether it be in banking, private equity or the technology sector. But more recently, a new battlefield has emerged at the intersection of financial services and technology amid seemingly relentless demand for regulatory prowess.
“For a long time, industries stayed in their own lane,” said Kent Zimmermann, a law firm consultant at Zeughauser Group. “Financial services was in one lane, tech was in one lane, life sciences was in one lane. Today they’re all converging, partly because of tech-driven innovation. That is partially why [those sectors] are increasingly regulated.”