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News Release

McGlinchey’s Savoie, practice group ranked in Chambers FinTech 2021

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McGlinchey Stafford is pleased to announce national recognition of attorney Robert Savoie (Cleveland) and its FinTech practice group in the 2021 Chambers FinTech guide.

McGlinchey is honored with the following department and individual rankings:

  • FinTech Legal – USA: Band 4 (1 of 50 firms nationally across all bands)
  • FinTech Legal: Payments and Lending – USA: Band 3 (1 of 12 firms nationally across all bands)
  • FinTech Legal – District of Columbia: Band 3 (1 of 10 firms across all bands)
  • FinTech Legal: Payments and Lending – USA: Robert Savoie, Band 3 (1 of 16 individuals nationally across all bands)

“Our FinTech team, and Robert in particular, are at the cutting edge of legal developments impacting this growing industry, and I’m very honored that feedback from our clients has resulted in McGlinchey and Robert being recognized in such esteemed company,” said Mark Edelman (Cleveland), chair of McGlinchey’s Consumer Financial Services Compliance team.

The firm ranking indicates McGlinchey is “known for its expertise in financial regulatory matters,” and “extremely well regarded by companies for its ability to coordinate and advise on state and federal licensing matters, particularly concerning the payments and lending sides of the FinTech market.”

Robert Savoie’s ranking notes that “clients particularly appreciate his understanding of what license is required in every state, for every kind of business model in the FinTech space.” According to McGlinchey’s clients who participated in the research process, “Robert’s business sense and intuition are invaluable. He has an ability to cut to the chase with efficiency. We have to add that Robert is very responsive, as any client will appreciate.” Robert leads the firm’s FinTech practice and advises a range of companies with regard to federal and state regulatory compliance and licensing matters.

One McGlinchey client who participated in Chambers’ research deemed it “probably the best firm out there in the market right now for the hardcore regulatory piece, both at the federal and state level. On top of state legislative and regulatory developments, and the work product is top level.” Another noted, “I have been impressed by their knowledge and experience not only in consumer financial services law generally, but specifically in the context of FinTech businesses (including bank-partner relationships) and the esoteric issues that tend to arise.”

Attorneys in McGlinchey’s FinTech practice group work closely with technology developers, providers, and users – analyzing the business applications of new technologies, including the regulatory implications of using various algorithms and APIs – to help them comply with both federal and state financial services regulations.

Chambers FinTech is a comprehensive guide to the leading Fintech professionals across the world. Chambers recommendations are based on several months of research by a dedicated, independent team conducting hundreds of in-depth interviews with leading innovators and experts worldwide.

In the 2020 edition of Chambers USA – America’s Leading Lawyers for Business, the firm was one of only 11 nationally ranked for Financial Services Regulation: Consumer Finance (Compliance) – Nationwide. In that ranking, the firm was recognized for expertise in handling supervisory examinations, investigations, and enforcement actions; multistate compliance guidance; and both individual and class action consumer suits.

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