For more than 30 years, Neal has been involved in bank and other financial institution corporate and regulatory work including bank acquisitions, restructurings, investments and recently Dodd Frank Act compliance. He represents US banks in establishing operations internationally and foreign banks in connection with their US operations. He also advises US and non-US companies in connection with the provision of payment services. He has led the legal work in international transactions in Sub-Saharan Africa, South America and the Caribbean through Financial Services Volunteer Corps. Neal consults with foreign governments, central banks and financial ministries regarding banking and financial market structural matters in the Balkans and the Middle East.
Neal has been individually recognized in Chambers USA as “encyclopedic in his knowledge” of financial services regulation, and offers significant international perspective and is praised by his clients for his “incredibly fast turnaround” and for being “a really talented lawyer.” He has been listed as a lawyer in Best Lawyers in America for the past 15 years. He also has been listed in Expert Guides: Guide to the World’s Leading Banking Lawyers.
Neal is a Trustee of the Dana Farber Cancer Institute of Boston, an affiliate of Harvard Medical School. He is also the Secretary of the Institute and a Member of both Executive and Governance Committees, the latter of which he chaired for many years.
He is a trustee emeritus of Berklee College of Music, having served on the Executive Committee and as chairman of the Trustee Academic Affairs Committee and Presidential Search Committee.
He served through 1998 as a director of Citizens Corporation, a NYSE-listed property and casualty insurance holding company and subsidiary of Allmerica Financial of Massachusetts.
He has served on the board of governors of the Harvard Club of Boston and was co-chair of the club’s Schools and Scholarships Committee for many years. He is also a former director of the Harvard Alumni Association and has chaired the Nominating Committee for Overseers of Harvard University and HAA Directors.
Before joining Morgan Lewis, Neal was chair of the financial institutions corporate and regulatory practice group at another international law firm, which was ranked nationally for Financial Services Regulation-Banking Compliance in Chambers USA 2014.
Note: This list includes engagements completed prior to joining Morgan Lewis.
Neal’s recent experience includes:
Assisting a non-U.S. bank in establishing its first Yankee CD program
Assisting an international bank holding company with a nonvoting equity investment in a US commercial company
Assisting an international bank holding company on regulatory authority issues
Assisting a non-U.S. business client regarding mobile payment services issues prior to U.S. business launch
Assisting a large overseas Internet dry good market site with U.S. payments/money services/escrow licensing issues
Assisted the Financial Services Authority of Albania in the preparation of proposed legislation
Assisted a large international bank in conducting a review of its inventory of banking rules and regulations
Advised Altrinsic Global Advisors on regulatory matters related to becoming a bank holding company affiliate
Assisted the Central Bank of Iraq in matters relating to its independent status
Assisted private equity funds with investments in failed bank roll-ups
Assisted the government of Yemen in assessing the establishment of its first stock exchange
Assisted the government of Egypt in connection with the establishment of a commodity futures exchange
Assisted the government of Bosnia-Herzegovina with the privatization of a parastatal bank
Acted as a consultant on bank regulatory matters for the National Bank of Macedonia
Participated in a financial sector assessment of Yemen and follow-up work assisting a Yemeni parastatal bank under the sponsorship of the U.S. State Department’s Middle East Partnership Initiative
Fordham University School of Law, 1968, Juris Doctor
Harvard College, 1965, Artis Baccalaureate
Registered Foreign Lawyer in England and Wales
Massachusetts Supreme Judicial Court
Awards and Affiliations
American Bar Association, Business Law Section Banking Law Committee
Boston Bar Association
Former chairman, Boston Bar Association Banking Law Committee
Massachusetts Bar Association
Best Lawyers,Banking and Finance and Financial Services Regulation (2014–2015)
Chambers USA: America’s Leading Lawyers for Business, Band I in Banking & Finance: Corporate and Regulatory (Massachusetts), (2008–2015)
Chambers Global: World’s Leading Lawyers for Business (2006–2007)
Expert Guides: Guide to the World’s Leading Banking Lawyers 2009, “Leading Expert” in the United States
Best Lawyers in America, included for more than 14 years
Listed in both Guide to the World’s Leading Banking Lawyers and Leading Banking Lawyers
Practical Law Company’s Global Counsel3000 (9th Edition), Highly Recommended in Banking and Finance; Recommended in Corporate Finance, M&A Matters and Joint Ventures