Elizabeth P. Gray

Partner, Willkie Farr & Gallagher LLP


Elizabeth P. Gray is a partner in the Litigation Department and Co-Chair of the Securities Enforcement Practice Group. Elizabeth is nationally recognized in the area of securities regulation and enforcement, with significant experience in asset management, broker-dealer, cybersecurity, FCPA and accounting matters. She represents investment advisers, investment companies and their boards, broker-dealers, accounting firms and other institutions and senior executives facing investigation, litigation and examination by financial regulators. Elizabeth represents boards of directors and trustees in conducting independent internal investigations and advises them on corporate governance matters, including cybersecurity risk and regulation.

In addition to more than 15 years of private sector experience, Elizabeth formerly served for 12 years at the U.S. Securities and Exchange Commission, including as Assistant Director in the SEC’s Division of Enforcement and as counsel to SEC Chairman Arthur Levitt.

Elizabeth is recognized nationally among the leading individuals practicing in the area of Securities Regulation: Enforcement in Chambers USA (2010-2016), Financial Services Regulation: Broker Dealer (Enforcement) in Chambers USA (2014-2016) and Securities Regulation, Litigation and Capital Markets in The Best Lawyers in America (2010-2017).

In 2016, Law360 named Elizabeth among the 25 Most Influential Women in Securities Law, an elite list including current and former senior regulators and private practitioners who have achieved impressive success in securities litigation and enforcement. In 2017, she was selected to serve on Law360’s Securities Editorial Advisory Board.