People

Leonard A. Pierce

Partner

Pierce, Leonard A.
Leonard Pierce’s investment management and securities practice focuses on representing institutional and entrepreneurial investment managers and private and registered investment funds in all aspects of their businesses. In addition to regularly advising investment managers on securities, regulatory and compliance matters, Mr. Pierce has particular experience with structuring new managers, and counseling new and established managers on strategic relationships, management transitions and succession planning, reorganizations, mergers and acquisitions, and lift outs of investment management businesses.
 
Mr. Pierce has particular experience with strategic relationships, mergers and acquisitions, and lift outs of investment management businesses, representing both purchasers and sellers of such businesses.

Honors & Awards

  • Named a "Massachusetts Super Lawyers Rising Star" in securities and venture finance in the May, 2005 edition of Boston Magazine

Publications & News

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July 7, 2016

SEC Proposes New Requirement for Business Continuity Plans for Investment Advisers

On June 28, 2016, the Securities and Exchange Commission proposed a rule that would require all SEC-registered investment advisers to adopt and implement a business continuity and transition plan.

August 8, 2013

SEC Eliminates Advertising and Solicitation Restrictions for Private Funds

On July 10, 2013, the SEC approved final amendmentsto Rule 506 of Regulation D under the Securities Act of 1933 (Securities Act) to eliminate the current prohibition against general solicitation and general advertising for certain securities offerings, in accordance with, and as mandated by, the Jumpstart Our Businesses Startups Act (JOBS Act).

July 21, 2011

IRS Extends Deadlines for FATCA Compliance

The Internal Revenue Service has issued guidance that extends various deadlines for compliance with certain withholding, reporting and other obligations under FATCA beyond the statutory deadline of January 1, 2013. This Client Alert discusses the extended compliance deadlines addressed in the guidance that are relevant to private investment funds.

September 8, 2010

Preliminary FATCA Guidance Relevant to Private Investment Funds

July 21, 2010

Private Fund Manager Registration Act Signed into Law: Hedge Funds and Private Equity Funds Over $150M Required to Register; Venture Capital Funds are Not

April 5, 2010

Supreme Court Endorses Gartenberg, But It's Not the Same Old Standard

November 5, 2009

Supreme Court Hears Argument on Jones v. Harris

May 11, 2005

WilmerHale Attorneys Named Rising Stars by Massachusetts Super Lawyers

Recognition Awarded to Twenty-nine of WilmerHale’s Massachusetts-based Attorneys

November 14, 2003

Special Notice to Hedge Fund Clients: SEC Approves Amended “Hot Issue” Rule

More than five years after the NASD proposed new NASD Rule 2790 governing purchases and sales of “hot issue” offerings, the SEC approved Rule 2790 on an accelerated basis by issuing a simultaneous Notice of Filing and Order Granting Accelerated Approval of Amendment No. 5 to Rule 2790 in a release dated October 24, 2003.

June 28, 2001

Financial Companies Face July 1 Deadline for Sending Privacy Notices

by Barry Hurewitz and Leonard Pierce with contributions from summer associate Amy Ross

Professional Activities

Mr. Pierce serves as the Chair of the Investment Committee of the Massachusetts Service Alliance, a private, nonprofit organization that serves as the Commonwealth of Massachusetts’ commission on community service, after previously being appointed by two governors of the Commonwealth to serve as a commissioner of the MSA.

Mr. Pierce is also a member of the Board of Directors and Vice President – Legal of the Boston Minuteman Council of the Boy Scouts of America.

He is a member of the Massachusetts and Boston Bar Associations, and a member of the Boston Bar Association’s Subcommittee on Investment Companies and Investment Advisers.

Practices

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Education

JD, with honors, George Washington University Law School, 1991, George Washington Law Review

BS, with high honors, Rensselaer Polytechnic Institute, 1988

Bar Admissions

Massachusetts

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