FacultyFaculty/Author Profile
Patrick S. Menasco

Patrick S. Menasco

Steptoe & Johnson LLP

Washington, DC, USA


Patrick S. Menasco is a partner in Steptoe's Washington and New York offices, 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.

Noteworthy

  • Chambers USA, DC: Employee Benefits & Executive Compensation, 2011-2012, 2016
  • Regarded as “peerless” for prime brokerage, swaps, and derivatives in Chambers USA: America’s Leading Lawyers, 2011
  • Legal 500 US, Labor & Employment: Employee Benefits and Executive Compensation, 2008, 2012-2014
  • Senior Teaching Fellow at the Tulane University Law School 
  • Adjunct Professor at the George Washington University Law School

Select Seminars & Events

"Repos, Securities Lending and Stable Value Funds," PLI, February 3, 2016

"Regulatory Interaction with Plans," PLI, August 4, 2015

“Department of Labor, Office of Exemption Determinations: Updates, Issues, and Perspectives," PLI, March 31, 2015

“Understanding Basic Financial Institution Activities,” PLI, February 4, 2015

“Fiduciary Responsibilities/Prohibited Transactions,” PLI, August 4, 2014

“Department of Labor, Office of Exemption Determinations: Updates, Issues and Perspectives," PLI, April 1, 2014

Selected Publications

The Department of Labor's Final Rule Redefining Fiduciary
April 13, 2016

The DOL's Re-Proposed Redefinition of Fiduciary
May 1, 2015

ERISA Advisory - Department of Labor Releases Proposed 408(b)(2) Fee Disclosure “Guide” Regulations
April 17, 2014

ERISA Advisory - Department of Labor Releases 408(b)(2) Fee Disclosure Regulations
March 9, 2012

ERISA Advisory - CFTC Announces New Swap Rules
February 2, 2012

ERISA Advisory - Labor Department Issues Final Regulations Addressing Provision of Investment Advice to Participants and Beneficiaries of Self-Directed Individual Account Plans and IRAs
October 31, 2011

ERISA Advisory - Proposed Regulation Redefining Fiduciary
November 5, 2010

ERISA Advisory - ERISA Advisory Council Makes Stable Value Fund Recommendations to Labor Department
November 17, 2009

Areas of Practice

  • ERISA, Labor & Employment
  • Employee Benefits / ERISA / Executive Compensation
  • Litigation
  • Tax

Education

  • Tulane University Law School, J.D., magna cum laude, 1994, Associate Editor, Tulane Law Review, Order of the Coif
  • Tulane University, B.A. in French, 1991

Judicial Clerkships

  • Hon. Gerrilyn G. Brill, US District Court for the Northern District of Georgia, 1995

Bar & Court Admissions

  • District of Columbia
  • New York
  • Georgia
Patrick S. Menasco is associated with the following items:
On-Demand Web Programs  On-Demand Web Programs ERISA Fiduciary Investment Basics 2017, Friday, March 24, 2017, New York, NY
Pension Plan Investments 2017: Current Perspectives, Tuesday, May 23, 2017, New York, NY
Web Segment  Web Segment Update on the QPAM Exemptions - Pension Plan Investments 2017: Current Perspectives, Wednesday, May 17, 2017
MP3 Audio  MP3 Audio Update on the QPAM Exemptions - Update on the QPAM Exemptions, Wednesday, May 17, 2017
Transcripts  Transcripts Update on the QPAM Exemptions - Update on the QPAM Exemptions, Wednesday, May 17, 2017
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Update on the QPAM Exemptions - Update on the QPAM Exemptions, Wednesday, May 17, 2017
Live Seminar  Live Seminar ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, New York, NY
Live Webcast  Live Webcast ERISA Plan Investments in Financial Markets 2018 , Monday, March 19, 2018, New York, NY
PLI Grpcast-Live Web  PLI Grpcast-Live Web ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Boston, MA
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Cleveland, OH
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Philadelphia, PA
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Mechanicsburg, PA
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Atlanta, GA
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Indianapolis, IN
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, Pittsburgh, PA
ERISA Plan Investments in Financial Markets 2018: The Fundamentals, Monday, March 19, 2018, New Brunswick , NJ
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