Lowenstein Sandler LLP has bolstered its investment management and private funds group by welcoming two new attorneys to its New York office. The move includes the strategic addition of Steven Kam, the former General Counsel of ExodusPoint Capital Management, as a partner. His dual expertise from both in-house roles and BigLaw is expected to significantly enhance the firm’s capabilities.
Steven Kam’s experience at ExodusPoint, one of the largest hedge funds, positions him uniquely to navigate the complex regulatory and operational challenges faced by investment management clients. His transition from a leading in-house role to a partnership at Lowenstein Sandler signifies a growing trend where law firms increasingly value the blend of in-house and law firm experience to better serve clients. Kam’s focus will be on serving clients involved in hedge funds, private equity, and venture capital within the expanding investment landscape.
The addition of Kam aligns with Lowenstein Sandler’s strategy to broaden its footprint in advising financial services and investment management firms. As firms continue to face the evolving regulatory environment, particularly in investment and securities sectors, expertise like Kam’s becomes indispensable. According to Law360, the firm emphasizes that this recruitment is intended to enhance its service offerings and cater to the growing demands of its sophisticated client base.
This recruitment is indicative of a wider industry pattern where law firms seek to integrate top-tier legal experts with comprehensive industry insights. As firms compete for market share in advising large institutional clients, the value of cross-disciplinary expertise continues to rise. Kam’s trajectory from ExodusPoint to Lowenstein Sandler highlights the competitive edge law firms strive for in attracting leadership that can maneuver within both the intricacies of legal frameworks and the pragmatic needs of investors.
As the legal industry continues to expand its role in financial services sectors, the recruitment of individuals like Kam underscores the dynamic interplay between in-house experience and private practice. Lowenstein Sandler’s commitment to this trajectory is evident in its latest appointments, marking a significant step in its strategic growth and alignment with client expectations amid increasingly complex market conditions.