January 14, 2011
SNL Financial reported an increase in strategic transactions in the securities and investment industries in 2010. The article, "Market May Be Returning to 'Normal' as Strategic Deals Pick Up in Securities, Investment Sector," extensively quoted partner Paul McCurdy. He noted that after a few difficult years, the financial services industry is working to regain its footing. He said there would not be deals designed simply to make companies larger, but more strategic combinations. Mr. McCurdy observed organic growth in the industry. He commented on the regulatory environment and how the market appears to be cautiously moving in a positive direction.