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Lax & Neville LLP Opens a Washington, DC Office Headed by Janet DeCosta as Of Counsel

The law firm of Lax & Neville LLP has opened a new office in Washington, DC. The full-service securities litigation and arbitration, commercial litigation, employment and investment law firm adds its second location to its current office in New York City.

Lax & Neville LLP, founded in mid-2007, is a litigation firm focused on all matters concerning the financial services industry. Their main practice areas include securities arbitration and investment fraud litigation, representing financial services industry professionals on employment, regulatory and business matters, employment litigation, commercial litigation, and bankruptcy litigation. Lax & Neville LLP is fast-growing and has built a strong reputation nationwide advocating on behalf of individual and institutional investors, industry professionals, employers, independent contractors, brokers, investment bankers, investment advisors, traders, hedge funds and smaller and regional broker dealers in arbitration forums across the country, as well as several state and federal courts nationwide.

The Washington, DC office will be headed by Janet DeCosta as Of Counsel. Janet has over 35 years’ experience practicing as a litigator. For the first 13 years, Janet worked in the government sector, as a Trial Attorney in the Department of Justice Criminal Division’s Honor’s Program, a Special Assistant U.S. Attorney prosecuting criminal cases, as an Assistant Chief Trial Attorney with the Securities and Exchange Commission (SEC) prosecuting numerous securities fraud cases, and then as counsel with the National Association of Attorneys General and General Counsel to the State Bankruptcy Committee. For the last 22 years, Janet has been in private practice in the financial services industry where she represents investors, broker-dealers, registered representatives and investment advisors in all types of securities matters. Janet has extensive experience litigating complex securities disputes before arbitration forums and state and federal courts. Additionally, a significant part of Janet’s practice involves representing her clients in government and regulatory investigations, including on-the-record interviews, disciplinary and enforcement proceedings and other regulatory matters before FINRA, the SEC, and state regulatory agencies.

Janet carries the AV rating from Martindale-Hubbell, a distinction awarded to a limited number of attorneys with demonstrably outstanding legal skill. Over the years, Janet’s clients have enjoyed the fruits of her talents through settlements or awards as high as $12 million. Her clients have ranged from the unsophisticated to the most savvy of investors whose accounts were decimated as a result of a broker’s wrongdoing; a minor child of a deceased financial advisor, whose partners were withholding his share of a multimillion dollar partnership; and a financial advisor who was awarded punitive damages and attorneys’ fees in a case involving a business dispute with his former partner. Most recently, Janet successfully defended a broker dealer, its management and financial advisors in state court litigation and FINRA arbitration involving the Protocol for Broker Recruiting. Janet also has successfully defended registered representatives and broker-dealers in customer and employment matters.

Janet obtained her law degree from DePaul University College of Law, where she was a Note and Comment Editor for the DePaul Law Review. Janet earned her B.A. from the University of Massachusetts.

Janet has served as a guest lecturer at the University Of Maryland School Of Law; a panel member at the NASD-R Mediation Workshop; a speaker at the NASD Arbitrator Skills Training Program; and currently presents to financial advisors in seminars directed to “Avoiding Speed Bumps.” Additionally, Janet authored an article titled, “SEC Enforcement Developments Involving Financial Disclosure,” which was published by the Texas Society of Certified Public Accountants.

Janet has been involved in Pro Bono matters including volunteering with AARP’s Legal Counsel for the Elderly Pro Bono Program, the United Jewish Federation’s Project Citizenship, and serving as a mediator for the District of Columbia Superior Court-DC Multidoor Mediation Program.

Our new office is located at International Square, 1875 Eye Street NW, Suite 500, Washington, DC 20006. Janet can be reached at (202) 792-0101 or

With offices in New York and Washington, DC, Lax & Neville LLP is committed to serving clients nationwide in securities, employment and investment law.

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