Mid-market corporate law firm Polsinelli has lured a transactional lawyer with expertise concerning small business investment corporations (SBICs) and financial institutions from the offices of a rival in Washington.
Philip Feigen comes to Polsinelli’s Washington office as a shareholder from Patton Boggs. Feigen told IFLR1000 that although Polsinelli was already doing a high volume of lending work on behalf of SBICs, it did not have a regulatory, licensing, and fund formation presence in that area. Feigen came to the firm with a strategy for developing and growing the SBIC practice.
“The key to forming an SBIC is, not only do you have to form the funds, but the principals and the fund must be vetted and licensed through the Small Business Administration, and that’s the regulatory side of it. Also, Polsinelli has a large community banking practice, but did not have a D.C. regulatory presence, and so I came on board with my background in community banking to provide the D.C. presence with federal banking regulators,” Feigen said.
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