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Firm Overview

Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

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Firm News

There’s a lot going on at Schulte — we’re wrapping up high-profile matters, welcoming talented new lawyers, speaking on issues that affect our clients, and more.

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Pro Bono

Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

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Diversity, Equity and Inclusion

Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support underrepresented groups.

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Alumni

If you’re a current or former Schulte lawyer, join our Alumni Network on LinkedIn to stay connected with old friends, make new contacts, and share your successes, ideas and insights.

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Social Responsibility

We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

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Offices

  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
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  • Washington, DC

    • 555 13th Street, NW, Suite 6W
    • Washington, DC 20004
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
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  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax
    View Details

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Business & Finance

Insurance

In an environment of increasing regulatory scrutiny and third-party liability, risk allocation and risk transfer through insurance play an ever-increasing role in corporate governance and business transactions. Whether your business involves financial services, investments, banking, mergers and acquisitions or real estate, Schulte lawyers are expert in negotiating manuscript insurance policies to meet your unique needs and to mitigate the risk to help make the deal happen. One of our strengths comes from years of experience litigating insurance coverage arising under General Liability, Directors & Officers, Errors & Omissions, Professional Liability and Pollution insurance policies. And our extensive experience in the courtroom gives us a real world perspective on structuring insurance that will withstand future scrutiny.

We have established a national reputation as industry leaders representing clients with regard to pollution liability claims that arise under specialized pollution insurance. Once a cottage industry, pollution insurance products are now a multi-billion dollar segment of the insurance industry. Our lawyers have been there from the birth of this product in the early 1980s and have continued to counsel the leaders in the pollution insurance industry for many years. We also regularly counsel clients and litigate issues arising under pollution, professional liability and directors and officers liability insurance nationwide and in international forums.

Representative Experience

Mergers and Acquisitions

  • We advised a large, diversified international manufacturing company on the sale of a U.S. subsidiary having potential legacy environmental liability. We negotiated a nearly fully manuscripted pollution insurance policy, acceptable to the purchaser as an alternative to a seller's indemnity.
  • We advised the purchaser of a large U.S.-based consumer business. The seller, one of the world's largest and most iconic companies, was nearly wholly self-insured, which meant that, while the purchaser was assuming the liabilities of the business, no insurance would pass to the purchaser to offset the liabilities. We proposed and negotiated the terms of a synthetic insurance program, whereby the seller would stand in the shoes of an insurer as if the insurance existed as of closing.

Coverage

  • We successfully represented a major industry mutual insurance company in the only declaratory judgment action on the issue of insurance coverage for compliance with the Clean Air Act's New Source Review standards to be resolved by a state Supreme Court.
  • We advised one of the largest tool manufacturers in the U.S. in the recovery of insurance from a contractor performing remedial work at a state Superfund site.
  • We represented a publicly traded company seeking to recover defense and potential indemnity under its E&O and D&O insurance due to an investigation by the SEC.
  • We represented a private nonprofit educational institution in matters related to the alleged historic conduct of its faculty.
  • We represented a global insurance company in connection with a portfolio of construction claims arising out of work performed by a major engineering company, including a multi-million dollar international construction claim.

Resources

Publications

Climate Change-Related Losses and Other Event-Driven Litigation Risks

Publications

Court: Joint Venture Clause Doesn’t Limit Insurers’ Exposure for Defense Costs

Publications

Delaware Courts Take Narrower View of Related Claims than NY Courts

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Publications

Delaware Ruling Underscores Significance of Warranty Statements

September 2022

In an article for the New York Law Journal titled "Delaware Ruling Underscores Significance of Warranty Statements," Howard B. Epstein and Theodore A. Keyes discuss warranty statements in relation to a recent Delaware case involving Infinity Q...

Publications

R&W Insurance and Public Company Transactions

June 2022

When first introduced, Representations and Warranties Insurance (RWI) proved attractive to parties to private Merger & Acquisition (M&A) transactions primarily because it allowed sellers to reduce their exposure to post-closing indemnity...

Firm News

Schulte Advises American Water on Sale of Homeowner Services Group

November 2021

Schulte advised American Water Works Company Inc., the largest publicly traded U.S. water and wastewater utility company, in connection to the sale of its Homeowner Services Group to Apax Partners LLP, a leading global private equity advisory firm,...

Resource Centers

The 1921 Tulsa Race Massacre

June 2021

On May 31, 1921, one of the worst acts of domestic terrorism in U.S. history decimated Tulsa’s thriving, all-Black community of Greenwood, and the devastating effects of this massacre are still felt to this day. To seek justice through the...

Lawyers

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    Our regulatory & compliance practice consists of more than 50 lawyers, including over 30 partners, all with extensive regulatory and compliance experience and many of whom have prior experience working at the U.S. Securities and Exchange Commission (...

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