Washington, D.C. – February 27, 2007 – LAWFUEL – Lawyer News, Law Jobs – Pepper Hamilton LLP announced that Timothy R. McTaggart, an experienced bank regulatory lawyer and former Delaware Bank Commissioner, has joined the firm’s financial services practice as a partner in the Washington office.
“Tim is a welcome addition to the firm’s bank regulatory practice,” said David A. Wormser, the partner in charge of Pepper’s Washington office. “His knowledge of Washington and Delaware, and his reputation as a ‘go to’ lawyer for many banks and securities firms will make our practice that much stronger. We’re very pleased he has chosen to join Pepper.”
“Tim’s experience as a bank regulator in Delaware, his national practice and his deep knowledge of the banking industry will significantly augment our existing bank regulatory and consumer finance practice and allow us to better serve clients,” added Richard P. Eckman, chairman of Pepper’s financial services practice group. “That background coupled with his extensive Washington experience makes him a perfect match for Pepper.”
Mr. McTaggart focuses his practice on bank and financial services regulatory matters. He also has significant experience handling transactional, enforcement and legislative matters for financial services clients, and he has testified before the U.S. House and Senate Banking Committees on various financial services matters.
He has represented companies that have sold their private label credit card portfolios to banking entities, moved portfolios to new providers, and bought or reorganized specific lines of business. He also has represented financial services companies, foreign banks, investor groups, bank trade associations, investment firms and retailers in connection with issues such as Internet banking, state and federal regulation, government-sponsored enterprise matters, and privacy and data safeguard issues.
In the mid-1990s, Mr. McTaggart served as Bank Commissioner of the State of Delaware, where he supervised and set policy for retail banks, trust companies, wholesale banks, credit card banks, saving banks, mortgage companies and other financial services companies with operations in Delaware and across the nation.
“Joining Pepper is an excellent fit for me,” said Mr. McTaggart. “With Pepper’s resources, I will be able to grow my practice, complement the firm’s existing practice and ensure that clients receive the best possible service.”
Mr. McTaggart joins Pepper from Willkie Farr & Gallagher LLP in Washington, where he was a partner in the corporate and financial services department. Before that, he was a partner with Nixon Peabody. Prior to becoming Delaware Bank Commissioner in 1994, Mr. McTaggart served as counsel to the United States Senate Banking Committee. He started his legal career in the Legal Division of the Board of Governors of the Federal Reserve System.
Mr. McTaggart has published numerous articles on bank regulation, privacy, data security and corporate law issues pertaining to financial services firms, as well as with respect to escheat law issues. He is a regular speaker on those topics and others.
A leader in the bar and the community, Mr. McTaggart serves as chair of the Trust and Investment Services Subcommittee of the American Bar Association’s Banking Law Committee. He also is a director of the Harvard Club of Washington, D.C., and has served as a director of various nonprofit educational and cultural organizations in Washington, D.C., and Wilmington, Delaware.
Mr. McTaggart is a graduate of Harvard University (A.B. 1982) and Harvard Law School (J.D. 1985). He is admitted to practice in the District of Columbia.
About Pepper Hamilton
Pepper Hamilton LLP (www.pepperlaw.com) is a multi-practice law firm with 450 lawyers in seven states and the District of Columbia. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world. The firm was founded in 1890.
Pepper’s Financial Services Practice Group includes more than 45 professionals focused on issues affecting the financial services industry, including 10 who concentrate in bank regulatory and consumer financial service matters.
Pepper’s Washington office assists clients with a full range of services, including antitrust/trade regulation, commercial litigation, corporate and securities transactions, employment litigation, energy, environmental law, financial services, health care, housing and community development, government contracts, intellectual property transactions and IP litigation, international trade, mergers, acquisitions and joint ventures, project finance, real estate finance and regulation, securities and shareholder litigation, securities enforcement and regulation, tax, transportation, venture capital and SBIC work, and venture fund formation. Lawyers in the office also are experienced in assisting businesses in the life sciences and technology sectors.