Former EBSA Head Campbell Joins Drinker Biddle & Reath

Campbell joins ERISA guru Fred Reish in law firm's Financial Services ERISA Team

More On Legal & Compliance

from The Advisor's Professional Library
  • Anti-Fraud Provisions of the Investment Advisers Act RIAs and IARs should view themselves as fiduciaries at all times, whether they meet the legal definition or not.  Deviating from the fiduciary standard of full disclosure while courting clients may cause the advisor significant problems.
  • Recent Changes in the Regulatory Landscape 2011 marked a major shift in the regulatory environment, as the SEC adopted rules for implementing the Dodd-Frank Act.  Many changes to Investment Advisers Act were authorized by Title IV of the Dodd-Frank Act.  

Brad Campbell, former head of the Department of Labor’s Employee Benefits Security Administration, has joined Drinker Biddle & Reath as counsel in the law firm’s Employee Benefits & Executive Compensation Practice Group in Washington.

Campbell joins Drinker Biddle from Schiff Hardin, where he focused on ERISA Title I issues, including fiduciary conduct and representation of financial service providers.

Campbell, who also serves as an expert witness in ERISA litigation, joins the Compensation Practice Group and its recently organized Financial Services ERISA Team a year after Drinker Biddle welcomed 11 lawyers from Reish & Reicher, including nationally recognized employee benefits lawyers Fred Reish and Bruce Ashton. Reish and Ashton work in Drinker Biddle's Los Angeles office.

Under Campbell’s leadership at EBSA, EBSA first proposed the recently finalized 408(b)(2) service provider disclosure and plan participant disclosure regulations addressing the transparency of 401(k) and other retirement plan fees. Campbell also issued the final QDIA regulation facilitating automatic enrollment of workers in their retirement plans, and a final regulation expanding participant access to professional investment advice. Earlier in his government service, Campbell assisted in developing and negotiating the Pension Protection Act of 2006, including provisions modernizing the prohibited transaction rules.  

“Since leaving the government, Brad has quickly established himself as an effective counselor for those who need guidance on issues ranging from policy development to enforcement,” said Alfred Putnam Jr., chairman of Drinker Biddle, in a statement. “He has spent much of his career developing and implementing rules and regulations affecting employee benefit plans, which will be a great benefit to our clients. We are also especially pleased that we have been able to expand our presence in Washington, D.C., in this important practice area.”

Campbell said in the same statement that he is “extremely pleased to join one of the premiere employee benefits and ERISA practice groups in the country. The range and depth of our experience enables us to offer our clients sophisticated legal advice across the full spectrum of employee benefit issues.”

Campbell earned his law degree, cum laude, from the Georgetown University Law Center, and his bachelor’s degree from Harvard University.

Reprints Discuss this story
This is where the comments go.