Global law firm K&L Gates LLP announced today it has developed a post-Chevron toolkit in response to the U.S. Supreme Court’s landmark ruling in June eliminating the requirement that courts defer to federal agencies’ interpretations of ambiguous statutes.
“With the overturning of Chevron and the changing priorities of an incoming administration, our clients are operating in a rapidly evolving regulatory environment.”
K&L Gates LLP Partner Varu Chilakamarri
The decision in Loper Bright Enterprises v. Raimondo overturned the longstanding Chevron deference doctrine, which had required courts to defer to federal agencies’ reasonable interpretations of ambiguous statutes. The ruling significantly impacts the regulatory landscape for retirement plans governed by the Employee Retirement Income Security Act (ERISA), and introduces a new era of judicial interpretation for ERISA-governed retirement plans, emphasizing the need for plan fiduciaries to stay informed about evolving legal standards.
The K&L Gates LLP toolkit was designed to help clients understand, anticipate, and navigate the full impact of the decision and serves as a basic primer on the ramifications of Loper Bright on the regulated community.
“With the overturning of Chevron and the changing priorities of an incoming administration, our clients are operating in a rapidly evolving regulatory environment,” said Washington, D.C., partner Varu Chilakamarri, former Deputy Assistant Attorney General in the U.S. Department of Justice. “Our toolkit enables industry leaders and others to understand this administrative landscape and to spot issues for strategic partnerships with us.”
The toolkit includes an introduction to the “administrative state” and how Loper Bright fits into it, a one-pager on the Loper Bright decision and what it means, FAQs on what has (and has not) changed because of Loper Bright, a step-by-step checklist to the questions companies should ask when reviewing regulations, and a plain English glossary of frequently used terms and phrases.
With a significant team of bipartisan lawyers and policy professionals who have more than 500 years of combined government experience, members of K&L Gates’ Public Policy and Law practice work with clients through the entire policy life cycle—from legislation and regulation to litigation and dispute resolution. The group is one of the largest public policy practices of any global integrated law firm. K&L Gates LLP was also recently recognized as one of 41 National Tier 1 U.S. law firms for Employee Benefits (ERISA) Law, from Best Law Firms ranked by Best Lawyers.
Access The Post-Chevron Toolkit: A New Era for Regulatory Review here, or visit K&L Gates’ website for additional material about Loper Bright and how it will affect various industries.
SEE ALSO:
• 2025’s Best ERISA Law Firms Revealed; Groom Takes Top Honor
• Fiduciary Rule Fate Clouds in Wake of SCOTUS Chevron Doctrine Ruling
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
