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Author: Ropes & Gray LLP

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Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
458 Episodes
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On this episode of Culture & Compliance Chronicles, join Amanda Raad and Nitish Upadhyaya from Ropes & Gray’s Insights Lab, and Richard Bistrong of Front-Line Anti-Bribery, as they welcome Dorie Clark—a top business thinker, communications coach, and bestselling author—for an impactful discussion on authentic networking and relationship-building in the compliance and legal world. Discover practical strategies for connecting with peers, navigating business dynamics, and fostering trust, including the “no ask for a year” rule and tips for making meaningful introductions. This episode offers actionable advice for compliance professionals and anyone looking to build influence and genuine connections. Tune in for fresh perspectives and start your year with new ideas for personal and professional growth.
On this Ropes & Gray podcast, asset management partners Jason Kolman and Eric Requenez are joined by tax partner Chris Roman to discuss the rise of data center investments within private funds. The episode highlights how market trends are shaping fund terms and addresses the ESG, compliance, and tax challenges unique to data center investments, including the use of REITs. Listeners will come away with practical guidance on navigating the complexities and opportunities in this rapidly expanding asset class.
On this Ropes & Gray podcast, partners Bil Davison and Adam Dobson are joined by counsel Kevin White to discuss recent high-profile litigation involving Energy & Minerals Group’s (EMG’s) single asset continuation vehicle transaction. The conversation explores how this litigation highlights the complexities and conflicts of interest inherent in GP-led continuation vehicle deals, focusing on the importance of transparency, parity of information, and robust LPAC involvement. The team analyzes the implications of this litigation for fund managers, buyers, and investors, highlighting best practices for communication and process integrity. Listeners will gain valuable insights into navigating the evolving landscape of continuation vehicles and the lessons learned from the EMG case.
On this third episode of Ropes & Gray’s Non-Financial Misconduct Miniseries, Amanda Raad, co-leader of the firm’s crisis management and global risk practices, is once again joined by asset management partner Eve Ellis as well as special guest Michelle DiMartino, an organizational research and design specialist at the R&G Insights Lab. Together, they explore the critical role of workplace culture in preventing and addressing non-financial misconduct, such as harassment, bullying, and discrimination, and examine why regulators like the UK’s Financial Conduct Authority (FCA) are increasingly focused on these issues. The discussion dives into how culture shapes behavior, influences misconduct, and serves as both a risk factor and a protective shield. Michelle explains how informal social cues and everyday interactions can quietly redefine what is considered acceptable, often before any formal rules are broken. The conversation highlights the importance of proactive culture assessment, using both quantitative and qualitative data, and introduces practical frameworks—like the “four I’s” of cultural psychology—to help organizations identify misalignments and drive meaningful change.
On this Ropes & Gray podcast, asset management partner Sarah Davidoff is joined by colleagues Ty Owen, Olivia Yoon, and Doug Ballanco to discuss the transformative impact of artificial intelligence on legal practice. The episode highlights how AI is streamlining document compilation, side letter negotiations, and market data analysis, leading to significant workflow improvements and time savings. The team also discusses the TrAIlblazer program, which empowers first-year associates to learn and collaborate on AI-driven projects, accelerating their development and enabling them to focus on more substantive legal work earlier in their careers. The conversation emphasizes a culture of innovation, collaboration, and continuous learning, with associates actively piloting new technologies and sharing best practices to deliver better results for clients.
On this episode of Culture & Compliance Chronicles, Amanda Raad and Nitish Upadhyaya from Ropes & Gray’s Insights Lab welcome Annastiina Hintsa, CEO of Hintsa Performance. The conversation examines the relationship between well-being and sustainable high performance, the importance of personal identity, and the impact of holistic health on resilience and productivity. Annastiina shares insights from her work with elite athletes and business leaders, practical strategies for integrating well-being into daily routines, and advice on defining success beyond professional achievements. Listeners will gain valuable perspectives on fostering a culture that prioritizes well-being, actionable tips for improving performance, and a timely reminder of why investing in health is essential for long-term success.
In episode two of Ropes & Gray’s Non-Financial Misconduct Miniseries, Amanda Raad, co-leader of the firm’s crisis management and global risk practices, and litigation & enforcement senior attorney Sarah Lambert-Porter are joined by Sharon Tan, partner at Mishcon de Reya, to examine the intersection of the FCA’s new non-financial misconduct (NFM) rules and employment law. During this second episode, they also discuss the evolving definition of non-financial misconduct, the draft guidance and factors relevant to NFM’s seriousness, and the implications for conduct in the workplace as well as in private life. The hosts offer practical guidance for asset managers, private equity sponsors, and other regulated firms on implementing multidisciplinary approaches, educating stakeholders, ensuring consistency in disciplinary processes, and preparing for the upcoming regulatory changes.
In this inaugural episode of AI at Work, Greg Demers, an employment partner, is joined by Meg Bisk, head of the employment practice, and John Milani, an employment associate, to explore how employers across industries can harness artificial intelligence responsibly while mitigating legal and operational risk.They discuss the most common pitfalls of employee AI use, including inadvertent disclosure of confidential information, model “hallucinations,” and source opacity, that undermine auditability and accuracy. Turning to HR functions, they examine emerging regulatory frameworks and compliance expectations, such as bias auditing requirements for automated employment decision tools and accessibility obligations, alongside practical steps for vetting vendors, embedding human oversight, and enforcing contractual protections. Listeners will come away with pragmatic strategies to update policies, document decisions and foster a transparent culture of accountability that will position organizations to leverage AI use that is smarter, not riskier.Stay tuned for future episodes where we will explore the use of AI in human resources, privacy implications and cybersecurity issues, AI in executive compensation & employee benefits, among other topics.
On this Ropes & Gray podcast, Michael Littenberg, corporate partner and global head of the firm’s ESG, CSR & Business and Human Rights compliance practice, and asset management partner Eve Ellis break down the European Commission’s proposed SFDR 2.0 revisions. They discuss new product labels, streamlined disclosure requirements, and the removal of certain compliance pain points. The episode explores operational implications for asset managers, cross-border challenges, and the impact on fund strategies, offering practical advice for navigating the evolving EU ESG regulatory landscape and preparing for upcoming changes.
On this episode of Culture & Compliance Chronicles, Amanda Raad and Nitish Upadhyaya from Ropes & Gray’s Insights Lab, and Richard Bistrong of Front-Line Anti-Bribery welcome Pav Gill, renowned for his role in exposing the Wirecard scandal, with a special introduction from Ropes & Gray Litigation & Enforcement partner Andrew Dale. The conversation explores the complexities of organizational culture, the barriers to speaking up, and the critical importance of protecting whistleblowers. Pav shares his firsthand experience navigating retaliation, the challenges of internal and external whistleblowing, and practical advice for fostering transparency and psychological safety within companies. Listeners will gain valuable insights into building a culture where concerns can be raised without fear, the pitfalls of commoditized hotlines, and the human side of compliance. Tune in for candid reflections, actionable strategies, and a compelling reminder of why listening and acting on employee feedback is essential for ethical business success.
On this Ropes & Gray podcast, benefits consulting principal David Kirchner is joined by Sharon Remmer, an ERISA and benefits partner, and Elliot Saavedra, a senior benefits consultant, to discuss the implications of President Trump’s recent Executive Order encouraging expanded access to alternative assets for retirement plans and the potential impact on plan sponsors. Our speakers discuss the evolving regulatory landscape and provide actionable guidance for plan sponsors and fiduciary committees preparing for potential changes in defined contribution plan investment options. As they discuss in the episode, emphasis should be place on the importance of prudent governance and ongoing education as the market and regulatory frameworks develop.Ropes & Gray provides a comprehensive suite of legal services for retail alternatives, including fund formation, registration and compliance, structuring of public-private investment solutions, tax planning, and ongoing regulatory and transactional support. For additional information, please visit our Alternative Retail Funds page, which includes a library of our thought leadership resources with insights on the latest market developments.
In the inaugural episode of Ropes & Gray’s Non-Financial Misconduct four-part miniseries, Amanda Raad, co-chair of the firm’s global anti-corruption & international risk practice, is joined by asset management partner Eve Ellis and litigation & enforcement senior attorney Sarah Lambert-Porter to discuss the evolving regulatory landscape for non-financial misconduct in the UK financial services sector. The conversation examines the Financial Conduct Authority’s new rules, the impact of the Worker Protection Act, and the increasing regulatory and legal risks associated with issues such as bullying, harassment, and discrimination. Drawing on recent survey data and enforcement trends, the hosts highlight key risk areas for asset managers, private equity sponsors, and other regulated firms, including the importance of breaking down organizational silos, adapting to remote and hybrid work environments, and ensuring senior management accountability. The episode provides practical guidance on updating policies, strengthening investigations, leveraging data, and fostering a culture of compliance, helping organizations prepare for the new regulatory requirements.
In this episode of Ropes & Gray’s Fully Invested podcast series, asset management partner Jessica Marlin and capital markets counsel Marc Rotter discuss the rise of ‘34 Act funds and what sets them apart in today’s investment landscape. The conversation explores how these unique vehicles are expanding opportunities for asset managers and investors, and delves into the regulatory and structural features that distinguish them from traditional private funds. The episode provides insight into current market trends and practical considerations for sponsors and investors evaluating ‘34 Act fund structures, along with analysis of the broader impact these funds may have on the future of alternative investments.  Ropes & Gray provides a comprehensive suite of legal services for retail alternatives, including fund formation, registration and compliance, structuring of public-private investment solutions, tax planning, and ongoing regulatory and transactional support. For additional information, please visit our Alternative Retail Funds page, which includes a library of our thought leadership resources with insights on the latest market developments.  
On this episode of Culture & Compliance Chronicles, Amanda Raad and Nitish Upadhyaya from Ropes & Gray’s Insights Lab, and Richard Bistrong of Front-Line Anti-Bribery are joined by Rachel Samren, a board director, responsible business advocate, and crisis management expert. The discussion centers on the changing demands of board membership, including the need for clarity, agility, and continuous learning in today’s complex risk environment. Rachel shares practical advice for new and seasoned board members, emphasizing the importance of integrated risk management, open communication, and upholding organizational values. The episode offers actionable tips on effective governance, crisis management, and fostering a culture of collective responsibility for compliance and integrity.
On this Ropes & Gray podcast, health care partners Ben Wilson and Mike McGrath discuss the current trends and challenges in health plan mergers and acquisitions, with a focus on the Medicare Advantage market. They explore the factors driving deal activity, such as financial distress among smaller plans and strategic partnerships for growth, as well as evolving federal and state regulatory requirements. The conversation provides practical guidance for health plan leaders on maximizing value, preparing for regulatory approvals, and addressing nonfinancial considerations like star ratings and compliance history when pursuing M&A opportunities.
On this episode of Fully Invested, asset management partners, Eric Requenez and Jessica Reece, along with Josh Lichtenstein, a benefits partner and head of the ERISA fiduciary practice, discuss collective investment trusts (CITs) as a compelling strategy for raising and investing money for asset managers. Due to their potential to tap into large sums of retirement assets, we expect CITs to continue growing in importance and sophistication in the coming years, especially in light of President Trump’s support for expanding 401(k) and defined contribution plan access to alternative investments. Ropes & Gray provides a comprehensive suite of legal services for retail alternatives, including fund formation, registration and compliance, structuring of public-private investment solutions, tax planning, and ongoing regulatory and transactional support. For additional information, please visit our Alternative Retail Funds page, which includes a library of our thought leadership resources with insights on the latest market developments.  
In this episode of Non-binding Guidance, Greg Levine and Josh Oyster, partners in Ropes & Gray’s life sciences regulatory and compliance practice group, are joined by Kellie Combs, partner and chair of Ropes & Gray’s life sciences regulatory and compliance practice group, to discuss the Trump administration’s recent crackdown on direct-to-consumer (DTC) prescription drug advertising. The conversation explores the coordinated actions by HHS and FDA, aggressive enforcement measures, proposed rulemaking to reshape DTC broadcast ads, and the use of AI in regulatory oversight. The hosts examine the impact of recent FDA enforcement letters, challenges in digital and social media promotion, and the shifting compliance landscape for pharmaceutical companies. This episode offers practical guidance for life sciences companies navigating this rapidly changing regulatory environment.
On this episode of Alumni @ RopesTalk, the firm’s technology strategy leader Ed Black is joined by Steven Obiajulu, Ropes & Gray alum and founder of legal tech startup UseJunior. Steven shares his journey from MIT and Harvard Law School to Ropes & Gray, where he worked in patent and private equity practices before launching UseJunior. The discussion centers on how AI-powered tools like UseJunior are transforming legal document comparison and workflow efficiency, the importance of data security and compliance, and the broader impact of AI on the legal profession. Steven also emphasizes, “AI isn’t replacing attorneys—it’s transforming how we work and improving outdated processes,” offering a forward-looking view on how technology is enhancing the quality and efficiency of legal services. 
On this episode of Culture & Compliance Chronicles, Amanda Raad and Nitish Upadhyaya from Ropes & Gray’s Insights Lab, and Richard Bistrong of Front-Line Anti-Bribery speak with Archana Kotecha, CEO of The Remedy Project, about her journey from corporate law to leading human rights initiatives across Asia. Archana shares practical insights on assessing workplace culture, supporting women and migrant workers, and building trust between businesses and NGOs. The conversation explores the challenges of conducting human rights impact assessments, the importance of direct worker engagement, and the role of pilots and feedback in compliance programs. Whether you are a compliance professional, legal advisor, or business leader, this episode offers valuable lessons on aligning purpose with practice, amplifying unheard voices, and finding common ground to create lasting impact. Tune in to explore how culture shapes compliance—and how new perspectives can help your organization to shape solutions to challenges.
On this Ropes & Gray podcast, ERISA and benefits partner Sharon Remmer is joined by litigation & enforcement partners, Amy Roy and Dan Ward, to discuss President Trump’s recent Executive Order that directs the U.S. Department of Labor and other federal agencies to expand access to alternative assets for 401(k) investors and what the potential ramifications could be for retirement plan sponsors and asset managers from a litigation risk perspective. We have been closely monitoring the significant increase in lawsuits targeting 401(k) and 403(b) retirement plans over the last several years, where plaintiffs have alleged fiduciary defects in the prudence of investment menu design as well as with respect to the monitoring of plan service providers and fees. Using this as a backdrop, our team examines the evolving landscape and how recent case law clarifies key points for plan sponsors to consider should they decide to offer private equity and other alternative assets in their menus. Our speakers discuss practical steps for mitigating risk when offering alternative investments, such as conducting thorough due diligence, providing clear participant disclosures, and maintaining robust documentation of investment decisions.
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