Jack W. Murphy provides legal advice to registered mutual funds, closed-end funds and investment advisers in connection with all aspects of their operations. Formerly a member of the the firm'spolicy committee, he came to Dechert from the U.S. Securities and Exchange Commission (SEC), where he served as Associate Director and Chief Counsel of the Division of Investment Management from 1994 until 1997. In this role, he supervised the office primarily responsible for interpreting and establishing the Division’s positions under the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Mr. Murphy began his career with the Division of Investment Management in 1985. He left the SEC in 1988 for private practice in New York City, after which he served for a three-year period beginning in 1991 as associate general counsel of PaineWebber/Mitchell Hutchins Asset Management, Inc. in New York. Since 2005, Mr. Murphy has been designated as one of a handful of leading lawyers for investment management by Chambers USA. In its most recent edition, Chambers notes that he “is able to provide comprehensive guidance to mutual funds and investment advisers, drawing upon valuable experience from his tenure at the SEC.” Past editions have described him as a “first-rate lawyer” and “a walking encyclopedia on regulatory and operational matters.” They have also stated that he is hailed as “one of the best in the business,” “very, very good on issues of regulatory interpretation” and commented on his “comprehensive experience and ability to work on cutting-edge issues.” Mr. Murphy has been listed in The Best Lawyers in America in the specialty of mutual funds law since 2006, and was named the Best Lawyers’ 2013 Mutual Funds Lawyer of the Year for Washington, D.C. He has also been recognized by The Legal 500 (US) in the area of mutual/registered funds.