Kramer Levin is enhancing the dynamism of its Banking and Finance practice with the recruitment of banking and payments professional Pierre Storrer as counsel.
Upon graduating from the University of Aix-en-Provence with a law degree, Pierre Storrer held several legal and management positions over ten years within the Wolters Kluwer/Éditions Lamy group, world leader in legal publishing. As a member of the Paris bar, he then joined the Féral-Schuhl/Sainte-Marie law firm before becoming electronic banking manager within the Legal and Compliance Department of Crédit Agricole SA.
There he developed particular expertise in payment law, accompanying and validating new banking and product offers rolled out by the bank, working closely with French regulators (Banque de France, Autorité de contrôle prudentiel et de résolution) and market institutions (Fédération Bancaire Française, Groupement des Cartes Bancaires CB).
Pierre Storrer’s practice focuses on banking law (banking regulatory, banking transactions) as well as payment systems and services (E-payment regulations – SEPA, DSP, DME 2 –, prudential rules regarding E-money and E-payment institutions, fight against money laundering and the financing of terrorism).
In this regard, he advises national and international operators, banks and alternative institutions (E-payment and E-money institutions), E-commerce websites and online platforms, accompanying them both on regulatory and prudential issues, in direct relation with the French banking regulator, the ACPR (licenses, authorizations, regulation).
At the beginning of 2013, he created a new Revue Banque column dedicated to payment systems and services law, publishing monthly articles for practitioners. He is a member of the Academic Council of the University of Paris II-Assas, as well as the French national association for banking legal experts (ANJB), the Trans Europe Experts Association (TEE, European legal experts’ network) and the Association of European Experts in E-Transactions Systems (EESTEL). He is also the author of Droit de la monnaie électronique, soon to be published by Revue Banque Éditions, Collection Droit.
"Kramer Levin’s excellent reputation in Banking and Finance keeps growing every year. I am honored to join a team whose expertise and experience are among the most respected in Paris, both on complex transactions and alternative financing, and in litigation," comments Pierre Storrer.
The arrival of Pierre, prominent expert in payment law, adds additional depth to our Banking & Finance practice. Alongside Jean-Pierre Mattout and Hubert de Vauplane, co-heads of the practice and both former legal counsels of major French banks, Pierre complements our expertise in a forward-looking sector, thus confirming the excellent positioning of the firm in the following practice areas: Banking transactions (bank, project, asset, acquisition, real estate and export financings) ; Alternative financing (crowdfunding, shadow banking,loan funds); Securitization ; E-money (payment services, E-money);banking, securities and financial regulatory, LBFT, compliance programs; Asset management and private banking; Mergers and acquisitions in the finance industry; Capital markets transactions and derivatives; International investigations and audits; Stock exchange, banking, disciplinary, commercial and financial white-collar crime proceedings; Insolvency, notes Alexander Marquardt, managing partner of the Paris office.
The Paris office has about 40 lawyers, including 13 partners, 7 counsel and 19 associates.
About Kramer Levin
Founded in 1968 and present in Paris, New York and Silicon Valley, Kramer Levin Naftalis & Frankel LLP is an international law firm with more than 375 lawyers. The French and American lawyers of our Paris office share a common professional culture and the highest standards of quality. Our global, creative and personalized approach allows for highly efficient work on both advisory and litigation matters.