Lawyers & Professionals

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 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 women and minorities’ professional success.

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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
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

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

To confront the public health crisis posed by the rapid spread of COVID-19, New York State Governor Andrew Cuomo issued three executive orders over three days. He first required a reduction of nonessential in-office workforces by 50% by March 20, 2020 (Executive Order 202.6). He then ordered a reduction by 75% by March 21, 2020 (Executive Order 202.7). Governor Cuomo finally required a reduction of in-office workforces by 100% starting March 22, 2020 at 8 pm (Executive Order 202.8). The Orders provide that businesses and nonprofits utilize, to the maximum extent possible, telecommuting or work from home procedures. The latest order is effective through April 19, 2020. Violations can result in up to a year in prison and or a fine.

As set forth in the initial order, these in-office restrictions do not apply to essential businesses, or entities providing essential services or functions, such as “banks and related financial institutions,” healthcare, utilities, grocery stores, pharmacies, sanitation, news media and “vendors that provide essential services or products, including logistics or technology support.” The latest order makes clear that entities providing essential services or functions may provide essential services to both essential businesses and nonessential businesses, and may operate to the extent necessary to provide the essential service or function. The New York State Development Corporation released guidance on determining essential businesses and entities providing essential services or functions that are not covered by the in-office restrictions. With respect to financial institutions, the guidance notes that these include banks, insurance, payroll, accounting and “services related to financial markets.”

Authored by Mark E. Brossman, Ronald E. Richman, Scott A. Gold and Ryan P. Knox.

If you have any questions concerning this Alert, please contact your attorney at Schulte Roth & Zabel or one of the authors.


This communication is issued by Schulte Roth & Zabel LLP for informational purposes only and does not constitute legal advice or establish an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. ©2020 Schulte Roth & Zabel LLP.

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