JW Michaels & Co. continues its expansion through the opening of our Legal Contract Staffing Division! This division specializes in placing contract attorneys, paralegals, and legal support staff in law firms and corporate legal departments. Our candidates work on a short-term or long-term basis offering our clients flexibility and substantial cost savings.
Clients utilize JW Michaels & Co. contract legal professionals for a variety of reasons, including:
- Easing the burden on permanent employees during high volume work periods
- Staffing large scale projects
- Utilizing the contract-to-hire program during a search for a permanent employee
- Providing a specific or highly specialized skill set
The following is a list of positions we fill on a temporary, contract, and temp-to-hire basis:
- Contracts Administrator
- Information Governance Manager
- Research Services Librarian
- Litigation Support Specialist
- e-Discovery Analyst
- Office Administrative Supervisor
For more information, please contact DHurd@JWMichaels.com or call 646-624-2306.
Last week a Financial Times’ FundFire article by Laura Suter covered the recent trend of alternatives firms hiring former employees of the SEC and the US Attorney’s Office. In the article, JW Michaels managing partner Jason Wachtel explained these firms’ reasoning:
“By hiring someone who was a prosecutor and worked on significant cases, it sends a clear message to the investor base that [the manager is] really serious about compliance and transparency, and that investors don’t need to worry they are not going to be the next firm on the cover of a magazine saying ’we’re a Ponzi scheme.’ Investors really like that, in fact it’s like a tool to get more dollars, when managers are doing the roadshow they are not just talking about performance, but that they hired someone from the U.S. attorney’s office.”
Wachtel went on to warn, however, that when hiring individualt coming out of the SEC or as prosecutors, there can sometimes be a mismatch in salary expectations. At alt firms they could earn between $500,000 and $750,000 per year, but could go to a law firm and make over $1 million. Alt firms must take into consideration the candidate’s earning power elsewhere.
Visit FundFire to read the original article [paid subscription]: Alts Shops Raid SEC, Attorney’s Office for Compliance Hires by Laura Suter
A recent FundFire article by Maureen Brody features JW Michaels managing partner Jason Wachtel:
William Ackman’s Pershing Square Capital Management has hired former federal prosecutor Jenna Dabbs as senior counsel, The New York Times reports.
Dabbs, who headed the narcotics unit at the U.S. Attorney’s Office in Manhattan for the past year-and-a-half, joined the $18 billion hedge fund about a week-and-a-half ago after eight years of federal service focused primarily on drug and securities cases. She will work on compliance and regulatory issues at Pershing Square, the Times notes.
She is one of an increasing number of veteran prosecutors who have moved to hedge funds or private equity firms rather than big law firms. She tells the Times she has known Ackman for “many years” and thinks it makes sense to have prosecutorial expertise on board in the highly regulated hedge fund industry. Having a former prosecutor on staff builds a fund company’s reputation with investors, especially large public pension plans, Jason Wachtel, a managing partner at recruitment firm JW Michaels & Company, tells the Times. It’s part of the message that compliance is a priority, he says.
Visit FundFire to read the original article [paid subscription]: Ackman Hedge Fund Hires Federal Prosecutor By Maureen Brody
Today’s New York Times’ DealBook reports the recent move of Jenna Dabbs from the US Attorney’s office in Manhattan to Pershing Square Capital Management, investor William A. Ackman’s $18 billion hedge fund. Dabbs will act as senior counsel, working on regulatory and compliance issues.
In the article, JW Michaels managing partner Jason Wachtel discussed the growing trend of seasoned prosecutors moving to hedge funds and private equity firms:
“An added perk of bringing in a former prosecutor is that it carries a good deal of gravitas with investors — especially the big public pension plans that sink a lot money into hedge funds and private firms,”
said Jason Wachtel, a managing partner with JW Michaels & Company, a recruitment firm that specializes in hiring compliance officers and lawyers for hedge funds and private equity firms.
“It sends a clear message to employees and regulators that the fund takes their compliance program seriously,” Mr. Wachtel said.
You can read the full article by Matthew Goldstein here: http://dealbook.nytimes.com/2015/02/06/ex-u-s-prosecutor-dabbs-joins-ackmans-pershing-square/?_r=0
Financial Times’ FundFire writer Laura Suter spoke with Jason Wachtel,managing partner at JW Michaels & Co about the recent trend in alternatives firms filling compliance departments with U.S. attorney’s office and Securities and Exchange Commission(SEC) alumni.
“By hiring someone who was a prosecutor and worked on significant cases, it sends a clear message to the investor base that [the manager is] really serious about compliance and transparency, and that investors don’t need to worry they are not going to be the next firm on the cover of a magazine saying ’we’re a Ponzi scheme’,” says Jason Wachtel, managing partner at JW Michaels & Co, an executive search firm.
“Investors really like that, in fact it’s like a tool to get more dollars, when managers are doing the roadshow they are not just talking about performance, but that they hired someone from the U.S. attorney’s office,” he says.
One stumbling block can be a mismatch in salary expectations, warns Wachtel.
Read the full article titled “Alts Shops Raid SEC, Attorney’s Office for Compliance Hires” by Laura Suter (paid subscription)
Q: What precautions do startups need to take to protect their intellectual property?
As an entrepreneur, you may be unclear on how and when to file to protect your ideas and designs. This information is intended to help you get started.
Q: What is considered intellectual property and how is it protected?
Intangible assets created by your company may fall under the category of intellectual property. There are three legal means to protect this property: trademarks, copyrights, and patents.
Trademarks distinguish your business from others and can include logos, slogans, taglines, and packaging. They are usually specific only to your field or business industry.
Copyrights cover creative literary and artistic work such as written papers, research, photographs, and music. You can also copyright technical drawings and database contents.
Patents are for inventions, such as new product designs. This includes not only physical devices, but also processes, such as business systems.
Read more on “Intellectual Property Rights for Entrepreneurs” »
Now that You’ve Seen FINRA’s Exam Priorities – How About Some Practical Guidance?
On January 6, 2015 FINRA published its 10th annual Regulatory and Examinations Letter.
Although 17 pages and dense, when broken down it is a roadmap for broker-dealers as to actions they can take now to reduce regulatory risk in 2015. Most broker-dealers can address many of the recommendations with ease.
This article is not a summary of the letter; instead it is a guide to assist broker-dealers in addressing topics raised. A good practice for Chief Compliance Officers (“CCOs”) is to perform a gap analysis of the topics discussed vis-à-vis their firms’ current practices, and begin addressing gaps identified immediately.
Several themes emerged, and Compliance Departments should ensure their programs are appropriately weighted towards these themes. Themes included: conflicts of interest, improved and increased surveillance, supervision, review of new products and continuous monitoring of existing products.
Read more on “FINRA 2015 Priorities For Broker-Dealers” »