Patrick S. Menasco is a partner in the Washington and New York offices of Steptoe, where he is a member of the firm's Litigation Department and Tax Group.
Mr. Menasco represents and advises a diverse range of clients in matters relating to the investment of employee benefit capital. For over a decade, Mr. Menasco has focused on advising global banks, broker-dealers and asset managers with respect to their derivatives, prime brokerage, securities lending, asset management, and other businesses. Mr. Menasco has particularly deep experience in stable value funds and products and regularly advises large asset managers on structuring and managing multi-billion dollar stable value portfolios. In recent years, Mr. Menasco has gained significant experience assisting asset managers and broker-dealers in addressing impaired assets, including in the context of auction rate securities, securities lending pools, and special purpose vehicles. Mr. Menasco leads the firm's ERISA prime brokerage and derivatives sub-practice.
Mr. Menasco has represented numerous clients in audits, investigations, exemption requests, and regulatory initiatives before the US Department of Labor. He has also represented clients before the US Pension Benefit Guaranty Corporation, the US District Courts, and the US Courts of Appeal.
From 1995 to 1998, Mr. Menasco served as a counselor and litigator in the Office of the General Counsel, US Pension Benefit Guaranty Corporation, where his practice focused on plan termination, prohibited transaction, employment, and appellate matters.
- Ranked for the DC: Employee Benefits & Executive Compensation category in Chambers USA: America's Leading Lawyers (2011-2012)
- Regarded as "peerless" for prime brokerage, swaps, and derivatives in Chambers USA: America's Leading Lawyers (2011)
- Recommended by Legal 500 US 2008 & 2012 for Labor & Employment: Employee Benefits and Executive Compensation
- Senior Teaching Fellow at the Tulane University Law School
- Adjunct Professor at the George Washington University Law School