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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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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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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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  • 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

On Nov. 18, 2020, the ICE Benchmark Administration (“IBA”), which is the administrator of LIBOR authorized and regulated by the Financial Conduct Authority (“FCA”), announced that it will consult on its intention that the euro, sterling, Swiss franc and yen LIBOR panels would, subject to confirmation following IBA’s consultation, cease at the end of 2021. Discussions between panel banks, the FCA and IBA regarding the future of USD LIBOR are still in process.

In a separate statement, the FCA acknowledged this announcement and set out its potential approach for the wind down of LIBOR and use of proposed new powers under the Financial Services Bill.

Lastly, the International Swaps and Derivatives Association Inc. (“ISDA”) has published a statement noting that neither of the IBA or FCA statements constitutes an index cessation event under ISDA’s IBOR Fallbacks Supplement or ISDA 2020 IBOR Fallbacks Protocol. ISDA notes that the statements will therefore not trigger the fallbacks or have any effect on the calculation of the spread. ISDA further notes that these statements will also not trigger fallbacks under the 2018 ISDA Benchmarks Supplement or its protocol.

Key Publications

The IBA Announcement

The FCA Statement

The ISDA Statement