Leap Concept LLC, a startup that supplies analytics technological innovation to monetary providers shoppers, has recruited a new law section leader in Richard Gottlieb.
Gottlieb most not long ago chaired the countrywide purchaser financial services follow at Manatt, Phelps & Phillips. He labored out of the legislation firm’s places of work in Chicago and Los Angeles, which Gottlieb left this thirty day period to be part of the administration workforce at Leap Idea in its Silicon Beach front headquarters in Santa Monica, Calif. His first day was Jan. 3.
Firms running in the non-standard fiscal companies house have been busy in the latest months recruiting in-household lawful leaders. Fintech startups these as Brex Inc., Chime Fiscal Inc., and Finco Services Inc., far better acknowledged as Present-day, have snapped up attorneys to make out their legal and compliance capabilities.
Leap Concept reported in a push release that Gottlieb will direct its authorized and compliance functions, as properly as “direct numerous planned small business initiatives” related to client lending and other company locations.
“Richard is possibly the major lawyer in his subject, and we will count on him to build on our now compliance-driven operations,” CEO Morgan Gethers explained in a assertion. “Richard has huge contacts throughout the economic products and services business, and we count on him to lead various new business ventures as we keep on to extend our operations.”
The firm, established in 2018, paid out a $25,000 penalty the pursuing yr levied by California’s Division of Business enterprise Oversight in excess of referral charges that Leap Idea received for lead generation things to do.
Gottlieb explained in an email that Manatt didn’t symbolize Leap Principle in 2019. The company by now has a authorized and compliance section, like company counsel Christine Lee and compliance director Kamron King, as properly as an assistant, which Gottlieb will now lead, he stated.
In a collection of posts to LinkedIn, Gottlieb disclosed that Los Angeles-dependent Manatt partner Scott Pearson—who joined the organization in 2019 from Ballard Spahr—has succeeded him as head of the firm’s purchaser economical services practice.
In the course of his time in personal exercise, Gottlieb specialized in managing class steps and civil litigation for banking companies and home finance loan company suppliers. Between his many economical providers consumers about the yrs had been PNC Lender NA, Citicorp Credit Solutions Inc., and the Independent National House loan Corp., a now-defunct lender improved acknowledged as IndyMac that collapsed at the commence of the 2008 economic disaster.
The demise of IndyMac, whose assets ended up subsequently bought off to an trader team led by long term Treasury Secretary Steven Mnuchin, noticed Gottlieb be retained to symbolize the organization and other likewise positioned financial purchasers in subprime property finance loan litigation. At the time, Gottlieb was a associate at Dykema Gossett, where he led a 75-law firm group as chair of the firm’s fiscal sector practice.
Gottlieb still left Dykema in 2013 to be part of Buckley, a monetary providers boutique exactly where he invested nearly three several years just before getting to be an equity partner at Manatt in 2016. He managed litigation, regulatory enforcement, and transactional matters for the West Coast agency, which Gottlieb aided broaden into Chicago.
He’s the hottest money providers law firm to depart non-public practice guiding for a lawful leadership occupation in the fintech globe.
Bloomberg Legislation described very last month on recently public on the internet brokerage TradeZero Holding Corp. hiring former Obvious Street LLC normal counsel Andrew Koslow for the identical in-dwelling place.
Obvious Street, a New York-based mostly fintech platform for buying and selling software, has employed previous Cantor Fitzgerald LP assistant typical counsel Scott Gutmanstein to triumph him as standard counsel. Crystal clear Street also brought on former Goulston & Storrs corporate companion Kenneth Sicklick last yr to be its main lawful officer.