CounselWorks LLC

CounselWorks LLC provides specialized regulatory and compliance services tailored for the financial services sector, guiding clients through the complexities of regulatory requirements and operational challenges. Founded in 2006 and headquartered in New York, US, CounselWorks LLC focuses on regulatory and compliance services for financial institutions. In January 2016, the company was acquired by Duff & Phelps, a portfolio company of Carlyle Group and The University of California Office of the Chief Investment Officer. The firm has participated in a total of 1 deal since its inception.

CounselWorks LLC is a prominent provider of regulatory and compliance services designed specifically for the financial services sector. Their core offerings encompass comprehensive advisory services, regulatory licensing, and compliance support, assisting clients in navigating complex regulatory landscapes. Their services address governance, risk management, and compliance with both local and international regulations, catering to a diverse clientele that includes sell-side banks, brokers, buy-side asset managers, and wealth management firms. CounselWorks operates in significant markets such as the United States, the United Kingdom, Europe, the Middle East, and Asia-Pacific, leveraging industry experience to create custom solutions that enhance operational efficiency and compliance adherence.

CounselWorks LLC generates revenue through a structured model comprising various advisory and compliance services. The firm engages in B2B transactions, providing specialized consulting and compliance support to financial institutions. Clients establish partnerships or subscription agreements for ongoing compliance and regulatory advisory services, which typically include annual compliance reviews, training programs, and secondment options for risk and compliance professionals. Pricing is determined based on service complexity and scope, reflecting the intricate nature of the regulatory environment and tailored solutions.

Their principal services, such as regulatory due diligence and retained compliance support, serve as vital resources for addressing regulatory scrutiny and operational hurdles. Currently, CounselWorks LLC is focusing on expanding its offerings and geographical reach. The firm is evaluating opportunities to develop new compliance solutions aimed at evolving regulatory standards. In addition, CounselWorks plans to enhance its presence in emerging markets in Asia-Pacific by 2025, capitalizing on the growing demand for regulatory expertise.

The acquisition by Duff & Phelps is expected to facilitate these growth initiatives, utilizing insights and resources from its parent company to strengthen its service portfolio and market penetration.