Nelson Mullins Riley & Scarborough partners with SB Law PLLC, the firm founded by former Reed Smith partner Regina Speed-Bost, to provide energy and regulatory advice to clients and advance its diversity goals.
SB Law and Speed-Bost will advise Nelson Mullins’ energy team and corporate management group in the federal, state and local energy regulatory space.
“This is another way for a large corporation to show its support for a minority woman-owned business,” said Speed-Bost.
“It’s really a big company that puts real money in its mouth when it comes to diversity, equity and inclusion,” she added.
Speed-Bost founded SB Law in July 2020 after more than two decades in Big Law, notably with Reed Smith and Schiff Hardin. Prior to entering private practice, she spent nearly eight years as an attorney with the Federal Energy Regulatory Commission and served as legal counsel on natural gas and pipeline matters to the former commissioner of the FERC, William Massey.
Speed-Bost said she began speaking with Nelson Mullins as she launched SB Law, which focuses on energy administrative and regulatory matters before state and federal entities. Although the two firms have collaborated since the creation of SB Law, Nelson Mullins formalized the agreement, which she calls “a new approach”.
Although in a traditional advisory relationship, the individual lawyer is part of the firm, Speed-Bost is a stand-alone entity and is remunerated by Nelson Mullins as a supplier. She owns 100% of SB Law and Nelson Mullins has no interest in the firm.
“I still market and serve clients on a stand-alone basis as SB Law, but now I can join forces with Nelson Mullins as they move forward and look to their clients,” said Speed- Bost. “We can market this together more directly. “
Speed-Bost said the collaboration gives her greater reach with clients she might not have had access to, and it also allows her firm to have the support of Nelson Mullins partners.
Speed-Bost works with clients in the energy and natural resources sector, including natural gas companies, local distribution companies and electric utilities, on various issues related to administrative and regulatory law of the energy.
“Regina has been a valuable co-advisor to several Nelson Mullins clients with energy regulatory needs,” said Larry Ostema, who co-leads Nelson Mullins’ energy industry group in a statement.
“His long career with federal and state regulators provides much needed legal, regulatory and policy assistance when our clients need it most,” he added.