A team of lawyers who specialize in mortgage compliance have jumped ship and landed at another law firm. The move was made to help mortgage companies keep up with an increasingly difficult regulatory environment.
Washington, D.C.-based Patton Boggs LLP announced today that it recruited six attorneys from Weiner Brodsky Sidman Kider.
The move is expected to expand Patton Boggs’ reach in the financial services arena.
Among the six new attorneys are three Weiner Brodsky partners: Richard Andreano, John Socknat and Michael Waldron. Andreano regularly provides regulatory analysis to MortgageDaily.com.
The new group will operate from Dallas and Washington, D.C.
The team was lured by Patton Boggs because its “deep” Washington connections best positions clients to navigate an increasingly complex regulatory landscape and capitalize on new opportunities as the financial markets rebound.
“There will be unprecedented regulatory, transactional and litigation activity,” Andreano said in the statement, “and with that movement comes opportunity.”
Waldron added, “Our team understands the challenges that lie ahead for the financial services industry and practicing at Patton Boggs will give us an enhanced ability to lead clients through the complicated regulatory processes that now accompany the financial services industry.”