David Reidy, co-leader of McGuireWoods’ fintech group and a founding partner of the firm’s San Francisco office, has become chief legal officer of PayActiv Inc., a financial technology platform that provides workers with on-demand access to earned but unpaid wages. Reidy and McGuireWoods have represented the company since 2018.
Reidy arrived at McGuireWoods in 2016 to join the firm’s San Francisco office. He brought a cutting-edge practice advising prominent players and emerging companies in the fintech industry and played an integral role developing McGuireWoods’ cross-practice fintech group.
“David was instrumental in positioning McGuireWoods to leverage our litigation, transactional and regulatory capabilities for clients developing new ways of delivering financial services to consumers,” said Dion Hayes, deputy managing partner of the firm’s litigation practice. “His ability to help companies overcome hurdles and advance their innovations will serve PayActiv well.”
The National Law Journal honored Reidy in its 2018 Cryptocurrency/Blockchain/Fintech Trailblazers issue. He frequently writes and speaks on issues pertaining to class actions and consumer financial services. In 2018, Reidy co-authored a Law360 column with McGuireWoods partners Susan Rodriguez, Brian Coughlan and associate Christine Mastromonaco explaining the need for regulators to clarify rules governing earned wage access (EWA) services, which provide workers access to accrued wages before their next scheduled payday.
“I am grateful for the opportunity to be part of McGuireWoods’ expansion in the Bay Area and to work with outstanding lawyers in San Francisco and throughout the firm,” Reidy said. “I look forward to continuing those relationships as I assume my new role with PayActiv.”