Schiff Hardin partner Allan Horwich has practiced for over 40 years in corporate counseling and litigation. He has advised corporations, financial institutions, investors, securities professionals and boards of directors on a wide range of questions, including disclosure, corporate governance, corporate compliance, fiduciary duty and insider trading questions.
What do you find the most interesting about your practice?
The way the law in my field (securities and securities litigation) is constantly evolving, through legislation, regulations and caselaw, including in the Supreme Court. It requires keeping up on an almost daily basis, both analyzing potential developments (such as the financial regulatory reform proposals) and mastering new compliance requirements and interpretations of the law.
What makes a good lawyer?
The ability to master a complex body of law and translate it into practical solutions, whether conforming to regulatory requirements or (in the case of a defense attorney) arguing against an enforcement or private damage claim.
What is the biggest legal news right now, and what is its impact?
The impending financial regulatory reform. If it does come to fruition in a form anything like the current legislative proposals (House enactment and Senate committee bill), it will have a significant impact on those affected to conform to new requirements across a very wide spectrum of activities. Many non-financial corporations may not appreciate the impact it could have on their financing activities and other aspects of how they do business.