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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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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  • 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 Oct. 9, 2020, the Internal Revenue Service issued Rev. Proc. 2020-44 (“Revenue Procedure”) to facilitate the market’s transition from interbank offered rates (“IBORs) to alternative reference rates through the adoption of fallback languages recommended by the Alternative Reference Rates Committee (“ARRC") and the International Swaps and Derivatives Association (“ISDA”). The Revenue Procedure provides guidance on the tax consequences of modifying debt instruments and derivative contracts to replace IBORs or to add fallback provisions to IBORs. The Revenue Procedure provides that if any contract with terms that reference an IBOR are modified to incorporate an ISDA Fallback or an AARC Fallback (as defined in the Revenue Procedure, including permissible deviations), such modification is not treated as an exchange of property for other property differing materially in kind or extent for purposes of the significant modification regulations found in Treasury Regulation Section 1.1001.

Key Publication

Rev. Proc. 2020-44