STATUTEWhy General Counsel Switch.
A direct comparison between Statute and typical outside banking counsel — measured by the metrics that matter when the examiner is in the building.
| Evaluation Criteria | Statute LLP | Typical Outside Counsel |
|---|---|---|
| Initial Response Time | < 2 hours Partner direct | 24–72 hours Associate triage |
“At 11:47 PM the night before our FDIC exam, I had a partner from Statute on the line walking through our BSA/AML documentation gap. The examiner never saw that gap. That's what we pay for.” General Counsel Regional Community Bank, Ohio ($4.8B assets) | ||
| Regulatory Fluency | OCC · FDIC · Fed · CFPB · FinCEN · Basel III Practitioner-level | OCC · FDIC General coverage |
| Deal-Closing Rate (M&A) | 97.3% 147 transactions since 2016 | 81% Industry average |
“We needed licenses in twelve states to launch our payments product. Statute closed all twelve in ninety days. Our prior counsel said it would take eighteen months.” Chief Financial Officer Fintech Payments Startup, Series B | ||
| Partner-Level Involvement | Every matter No handoffs post-engagement | Kick-off & close Associate-led execution |
| State Licensing Coverage | All 50 states + DC In-house multi-state team | Varies by firm footprint Referral-dependent |
“The merger opinion Statute delivered was the cleanest document I've seen in thirty years. The Fed's examiners had no follow-up questions. We closed on schedule.” Managing Director Private Equity Sponsor, $2.1B Fund | ||
| Consent Order Experience | 34 matters resolved Zero escalations to enforcement | Limited track record Generalist approach |
Complimentary Publication
2024 Bank Regulatory Outlook
Statute partners analyze the year's most consequential OCC guidance, Basel III endgame updates, CFPB enforcement trends, and state licensing shifts — with practical implications for institutions from $500M to $50B in assets.
Download the Report
No sales calls. No follow-up without your consent. Your information is governed by attorney-client privilege standards.
By submitting, you agree to receive communications from Statute LLP. Attorney advertising. Prior results do not guarantee similar outcomes.
Statute partners are available for urgent regulatory matters — response within 2 hours