Awards & Recognition
U.S. News — Best Lawyers ‘Best Law Firms’ Recognizes Schulte as a Leading Law Firm in 25 Practice Areas
November 2019
The 2020 edition of U.S. News – Best Lawyers “Best Law Firms” recognized Schulte in 25 practice areas, both nationally and in the metropolitan areas of New York City and Washington, DC. Included firms are recognized for professional excellence with consistently impressive ratings from clients and peers during an extensive evaluation process. Schulte was recognized in the following practice areas:
- Banking and Finance Law
- Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
- Bet-the-Company Litigation
- Commercial Litigation
- Corporate Compliance Law
- Corporate Law
- Criminal Defense: White-Collar
- Employee Benefits (ERISA) Law
- Employment Law – Management
- Financial Services Regulation Law
- Labor Law – Management
- Leveraged Buyouts and Private Equity Law
- Litigation – Bankruptcy
- Litigation – Labor & Employment
- Litigation – Real Estate
- Litigation – Regulatory Enforcement (SEC, Telecom, Energy)
- Litigation – Securities
- Litigation – Trusts & Estates
- Mergers & Acquisitions Law
- Private Funds/Hedge Funds Law
- Real Estate Law
- Securities Regulation
- Securitization and Structured Finance Law
- Tax Law
- Trusts & Estates Law
Practices
- Bank Regulatory
- Special Situations and Bankruptcy Litigation
- Broker-Dealer Regulatory and Enforcement
- Business Reorganization
- Complex Commercial Litigation
- Employment and Employee Benefits
- Finance
- Hedge Funds
- Individual Client Services
- Investment Management
- Litigation
- Mergers and Acquisitions
- Private Equity
- Regulatory and Compliance
- Real Estate
- Real Estate Litigation
- Securities Litigation and Class Action
- Structured Finance
- Tax
- SEC Enforcement and White Collar Defense
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Alerts
The Federal Trade Commission (“FTC”) passed its long-anticipated final Non-Compete Rule broadly prohibiting the use of worker non-competition restrictions. The Non-Compete Rule is scheduled to be published in the Federal Register on May 7, 2024, and become effective 120 days later, on Sept. 4, 2024. To the extent the Non-Compete Rule is more restrictive than a state or local law, the Non-Compete Rule will supersede such other law. However, the validity of the Non-Compete Rule is already being challenged in three separate court cases and its effective date may be delayed.
Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]
Alerts
The Federal Trade Commission (“FTC”) passed its long-anticipated final Non-Compete Rule broadly prohibiting the use of worker non-competition restrictions. The Non-Compete Rule is scheduled to be published in the Federal Register on May 7, 2024, and become effective 120 days later, on Sept. 4, 2024. To the extent the Non-Compete Rule is more restrictive than a state or local law, the Non-Compete Rule will supersede such other law. However, the validity of the Non-Compete Rule is already being challenged in three separate court cases and its effective date may be delayed.