Is it better to go with a large law firm when dealing with the SEC?
I read an opinion that when it comes to securities law, the SEC generally gives you attention when you work through credible counsel, the implication being large firm and expensive counsel. Is this the case?
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It depends on the matter. If you are in trouble then it probably is better to use a firm that routinely deals with the SEC.
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"Credible counsel" is not necessarily synonymous with a large law firm. There are many credible small and midsize firms that work with the SEC all the time. Without knowing the context of what you've read, I would venture to guess use of the term "credible" refers more to the trustworthiness and good standing of counsel rather than the actual size of the firm. That being said, as in almost every other area of law, larger matters, by their very nature, garner greater attention.
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There are many competent securities lawyers who were formerly partners in "big" law firms. I would look for someone with a proven track record and recent experience with the SEC. Its always the person, not the firm, who achieves excellent client results.