CRAINSNEW YORK BUSINESS
NEW YORK BUSINESS® SPECIAL ISSUE | PRICE $49.95 © 2018 CRAIN COMMUNICATIONS INC. ALL RIGHTS RESERVED BOOK OF LISTS 2019 NEW YORK’S TOP ARCHITECTURE FIRMS, CONSTRUCTION COMPANIES, EMPLOYERS, FILM AND TV PRODUCTIONS, FOUNDATIONS, HOSPITALS, LAW FIRMS, PHYSICIAN GROUPS, PRIVATELY AND PUBLICLY HELD COMPANIES, AND MUCH MORE
BONUS CUSTOM CONTENT Corporate Accounting and Consulting P. 46 Best Venue Guide P. 91
SPECIAL FEATURE 2019 Notable Women in Law P. 57
NEWSPAPER VOL. XXXIII, NO. 52 WWW.CRAINSNEWYORK.COM
CV001_CV004_CN_20181224.indd 1 12/20/18 4:46 PM New York Construction Alliance (NYCA) is a trade association of top-tier open shop construction firms. NYCA has had yet another successful year promoting strict standards in workplace safety, diversity, and continuous professional and technical advancements on the cutting edge of the industry.
• Approximately 75% of NYCA’s workforce live in the communities that NYCA members build in • Over 90% of aordable housing is constructed using the Open Shop construction model • NYCA members currently have over 24M SF under construction • The aggregate safety record (via EMR) of NYCA members’ companies is safer than the industry average
NYCA LOOKS FORWARD TO CARRYING THESE VALUES INTO THE NEW YEAR AND BEYOND!
708 3rd Avenue, 5th Floor • New York, NY 10017 • nyconstructionalliance.org • 212.209.7140
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COMPANIES PEOPLE PRIVATELY HELD COMPANIES ...... 2 CHIEF EXECUTIVE COMPENSATION ...... 37 PUBLICLY HELD COMPANIES ...... 12 HOSPITAL COMPENSATION ...... 40 EMPLOYERS...... 18 EXECUTIVE-RECRUITING FIRMS ...... 42 ON THE COVER EDUCATION PROFESSIONS PHOTO: BUCK ENNIS COLLEGES AND UNIVERSITIES ...... 20 ACCOUNTING FIRMS ...... 44 ARCHITECTURE FIRMS ...... 51 ENTERTAINMENT ENGINEERING FIRMS ...... 53 Take the digital dive FILM AND TV PRODUCTIONS ...... 24 LAW FIRMS ...... 55 ARE YOU ONE OF THOSE PEOPLE who keep the Book FINANCE REAL ESTATE of Lists at their desk all year, dog-earing pages and COMMERCIAL BANKS ...... 26 COMMERCIAL PROPERTY OWNERS ...... 88 wearing out the binding? You already know it’s packed SBA LENDERS ...... 27 COMMERCIAL PROPERTY MANAGERS ...... 89 with exclusive information on hundreds of area companies. THRIFTS ...... 28 But you might not know how deep the rabbit hole goes. CONSTRUCTION COMPANIES ...... 96 Crain’s Data Members do. With a few clicks, they can HEALTH CARE REAL ESTATE INVESTMENT TRUSTS ...... 98 download the entire 2019 Book of Lists in Excel format. e HOSPITALS ...... 29 TECHNOLOGY le contains the names and titles of thousands of local execu- PHYSICIAN GROUPS ...... 32 tives—information not included in the print edition. TECH 25 ...... 101 Plus, Data Members can download all our lists from NONPROFITS VENTURE CAPITAL FIRMS ...... 103 throughout the year, and similar products are available FOUNDATIONS ...... 34 INDEX for our Chicago, Cleveland and Detroit editions. Visit CrainsNewYork.com/data-lists for details. Of course, Data NONPROFITS ...... 35 ALPHABETICAL COMPANY LISTING ...... 107 Members also get Crain’s print editions, including the Book of Lists. Enjoy it. But go easy. e binding won’t last forever. The Privately Held, Publicly Held, Film and TV Productions, Chief Executive Compensation and Hospital Compensation lists are not — Chuck Soder, senior data editor, Crain City Books included in the main index. Privately Held and Publicly Held have their own indexes, on pages 11 and 17, respectively.
Vol. XXXIV, No. 52, Dec. 24, 2018—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double issues Jan. 1, June 25, July 9, July 23, Aug. 6, Aug. 20 and Dec. 24, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing of ces. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, PO Box 433279, Palm Coast, FL 32143-9681. For subscriber service: Call 877-824-9379. Fax 313-446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2018 by Crain Communications Inc. All rights reserved.
COMMITTED TO EXCELLENCE
QUALITY. SAFETY. INNOVATION.
The Window and Plate Glass Dealers Association of New York is a professional trade association designed to meet the needs of glazing contractors in the New York region. The Association is comprised of the industry’s most sophisticated union glazing contractors of Local 1087, committed to sharing best practices, new technology and design innovation with the goal of improving our industry and the greater construction industry.
Window & Plate Glass Dealers Association of New York JEROME HABER | President JED COLDON | Executive Director
300 Airport Executive Park | Nanuet, New York 10954 T: 845.425.4000 | F: 845.425.6156 windowandplateglass.org
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 1
P001_CN_20181224.indd 1 12/20/18 5:43 PM COMPANIES LARGEST PRIVATELY HELD COMPANIES This information was first published Nov. 19, 2018. It has since been updated. New York–area companies ranked by 2017 revenue
COMPANY Bigger Apple Falling star SPOTLIGHT FORMER MAYORAL CANDIDATE John Catsimatidis is commonly THERE’S BEEN a reckoning at Condé Nast, the star thought of as the honcho behind the Gristedes and D’Agostino gro- Red Apple of Advance Publication’s portfolio and publisher of cery chains. But his Red Apple Group has big interests in real estate Group Inc. e New Yorker and Vogue. With print-ad revenue and oil production as well. e rm has residential development proj- sliding, the company once known for virtually ects in Fort Greene and Coney Island, and in 2015 unlimited expense accounts has slashed spending, it acquired a petroleum company as part of its #5 closed titles and parted ways with big-name editors expanding oil holdings, which also include several including Vanity Fair’s Graydon Carter. In August gas station chains. Revenues remain robust even Advance it put Brides, Golf Digest and W on the block. Publications as the industries face uncertain times: Leasing Whatever its troubles, Condé Nast isn’t going Manhattan retail space is growing prohibitively under. e Newhouse family–owned parent com- expensive, the oil market is on the decline a er pany sold its cable operation, Bright House Networks, to Charter Com- a lengthy climb, and real estate fundamentals are #13 munications for $10.4 billion in 2016. Advance still owns chunks of
BUCK ENNIS largely at. — JOE ANUTA Charter, Discovery and Reddit. — MATTHEW FLAMM
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A PROMISING FUTURE Imperial reach COMPANY SPOTLIGHT THE MOST aggressive 2018 revenue forecasts among companies on the list come from Oscar and WeWork, two billion-dollar unicorns. OF ALL THE COMPANIES on the list, the fastest growth comes from Imperial Bag Estimated change in revenue Oscar Health Imperial Bag & Paper Co. e & Paper Co. 84-year-old Jersey City–based rm +247.9% WeWork credits its 103.5% spurt largely to +179.8% strategic acquisitions. Since the packaging and supply distributor #27 was purchased by the Tillis family in 2009, Imperial has acquired Imperial Bag & Paper Co. 15 companies across the country. “Even though we’re still based +62.7% in the New York metro area, we’ve been able to pick up other E-J Electric Installation Co. marketplaces,” Chief Executive Robert Tillis said. “Companies +28.2% based in our market weren’t giving us their accounts when we Allied Beverage Group couldn’t service their other regions. Now we’re able to pick up +26.3% groups that range beyond the ve boroughs.” — GERALD SCHIFMAN SOURCE: Crain’s research GERALD SCHIFMAN BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 3 P002_P011_CN_20181224.indd 3 12/20/18 6:07 PM
COMPANIES
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@cfXas5cSGYUqGeU`Y !WWUGYIQs9TUaaQcds)YI HERE AND THERE Bronx cheer COMPANY 9fXXUes3QPUIGWs'c`fa THE MAJORITY of listed companies have their headquarters in the ve SPOTLIGHT boroughs, mostly in Manhattan. But ample affordable space allows the FOR THE FIRST TIME Crain’s is including the suburbs to gure prominently as well; 41% of companies on the list call city’s sports teams on our list of largest pri- New York Long Island, Westchester or New Jersey home. vately owned companies. No surprise, the Yankees Yankees lead the eld and enjoy structural advantages that will keep them on top for a 17.3% long time. ey host twice as many home #46 New York suburbs games as the basketball and hockey teams 59.3% and don’t need to share revenue from local 23.3% Five boroughs cable broadcasts with rival clubs. Plus, their New Jersey last losing season was in 1992, whereas the Mets have had two winning seasons in the past 10. Strong as 2017’s nancial gures were for the Bombers, 2018’s will be a lot better thanks to an attendance boost of more than 300,000 fans. — AARON ELSTEIN SOURCE: Crain’s research 4 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019 P002_P011_CN_20181224.indd 4 12/20/18 5:52 PM
LARGEST PRIVATELY HELD COMPANIES CQQVds3GcUYQs)YI @fceWQs s(fSTQds)YI @cfXas5cSGYUqGeU`Y !WWUGYIQs9TUaaQcds)YI 9fXXUes3QPUIGWs'c`fa
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COMPANIES
Eating up growth COMPANY Pointing north SPOTLIGHT UNION SQUARE HOSPITALITY GROUP contin- COMPASS SET ITS SIGHTS on dominating the ues its surge. It rose 32 spots on these rankings Union Square global brokerage market, and it has been getting thanks to its estimated 46% jump in revenue Hospitality the nancial backing to do it. Japanese conglomer- Danny Meyer from 2016 to 2017. ’s food, catering Group ate So Bank has invested more than $1 billion in and events company has opened more than half the company in 2017 as it looks to control 20% of a dozen eateries around the city since 2016 and market share in the top 20 U.S. markets by 2020. It relocated its original restaurant, Union Square also plans to expand internationally, with Canada #67 Café, two blocks north of its namesake park. its likely rst stop. During this period of growth, the com- Compass Compass’s rise rests on founder and CEO pany has continued to innovate, instituting a Robert Reffkin’s talent for recruiting rival agents generous parental leave bene t unusual in the and using the rm’s substantial cash reserves to gobble up entire bro- restaurant industry and enacting a no-tipping #76 kerages. But skeptics still question whether its business model—which policy whereby menu prices have the gratuity included. hinges on using centralized tech and marketing to make agents more
BUCK ENNIS — GERALD SCHIFMAN productive—will ultimately pay o . — JOE ANUTA
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LARGEST PRIVATELY HELD COMPANIES
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XH 3EddbIccIGYWWIbGI 6EbU!fI9YedR GEc`IbGYW #YPYeXHIb GRSIPIhIGedSfI 4IgDYbU 4D WORKFORCE TO BE RECKONED WITH COMPANY Back to the lab Private employment in theXH city has made gains throughout6bSfEdIIaeSdiSXfIcdWIXd the past decade, 'bYfI9d cdEXPYbHSXfQbYe`GYW 3EXEQSXQ`EbdXIbSPOTLIGHT EXHWEXEQIWIXdrbW rising by 26.7% since 2009. A PIONEER OF 8SHQONLINEIgYYH 40 MEDIA, BuzzFeed long ago seemed to have Total private employment (in millions) the digital puzzle gured out, building a massive audience around BuzzFeed 4.0M @IGRHbSfIXRIEVdRSXcebEXGI viral content that 2EPEiIddI9dcombined serious journalism RSYcGEbGYWwith u . It had its &YeXHIb GRSIPIhIGedSfI own advertising4IgDYbU 4D strategy, focusing exclusively on native ads—that 4M is, sponsored content almost identical to the site’s signature listi- #92 cles and quizzes. But digital advertising is a tough game even for XH $EdEWSQbEdSYX WEXEQIWIXd CEcRSXQdYX"VfH EfI`YSXdGYW #YPYeXHIbc GYGRSIPIhIGedSfIc EXH`bYdIGdSYXPYbGVYeH the natives. Facebook,0IbcIi#Sdi 40 Google and, increasingly, Amazon suck up 3.5M ecIbc most new business. When BuzzFeed missed its revenue targets in 2017 by 15% to 20%—more than $50 million—CEO Jonah Per- XH 3EXePEGdebSXQEXH etti stayed true3 to theEigYYH!fI company’s experimentalWibYXGYW roots (the website #RSIPIhIGedSfI HScdbSFedSYXYP`bYWYdSYXEV `bYHeGdcEXHFecSXIccQSPdc started out as BuzzFeed3EigYYH 40 Laboratories) and added automated, or programmatic, ads to the mix. BuzzFeed plans to increase licensing 3.0M XH 8IcdEebEXdEXHRYdIVGRESX and commerce 5UXIb6EbUgEirevenue and in 2018 reported double-digitFbSEHGYW growth. #YGRSIPIhIGedSfIc 2009 WEXEQIWIXd 2018 2SfSXQcdYX 40 — MATTHEW FLAMM NOTE: Figures are as of October. SOURCE: State Department of Labor #YXcdbeGdSYXWEXEQIWIXd CdR9d FEbbEXHFEbbGYW 6bIcSHIXd GRSIPIhIGedSfI BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 7 4IgDYbU 4D XH 9dEPrXQ bIGbeSdWIXdEXH &SPdR!fI EdbSeWcdEPPGYW &YeXHIb GRSIPIhIGedSfI WEXEQIHcIbfSGIc 4IgDYbU 4D P002_P011_CN_20181224.indd 7 12/20/18 5:56 PM 8IEVIcdEdI &SPdR!fI EHEWcbIGYW 6bSXGS`EVc 4IgDYbU 4D XH )XdIQbEdIHVYQScdSGccIbfSGIc $YbIWec!fI cEVcYXGYW 6bIcSHIXd GRSIPIhIGedSfI 4IgEbU 40
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FOR ALL CRAIN’S LISTS, VISIT CRAINSNEWYORK.COM/LISTS. 8 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019 P002_P011_CN_20181224.indd 8 12/20/18 5:56 PM
LARGEST PRIVATELY HELD COMPANIES
#WGcQs8`dQs)YI "GceWQees$GUcps)YI 3I!WWUdeQcs@`hUYSsGYP @cGYda`ceGeU`Y
3UeITQWWs3GceUYs)YI SHRINKING SALES Damage control COMPANY !XQcQis'c`fa SPOTLIGHT AHEAD of a forecasted revenue boom in 2018, Oscar Health reported the list’s biggest revenue dip in 2017. Struggling Vice Media is the list’s only NEW YORK’S SECOND-LARGEST medical malpractice coverage pro- other company to have a revenue decrease of at least 30%. vider saw its net premiums fall by 28.4% in 2017 as it struggled to Physicians’ emerge from the#`XafeQcs'QYQcGeQPs9`WfeU`Yds)YI shadow of a scandal involving former Senate Majority Change in revenue from 2016 to 2017 Reciprocal Oscar Health Leader Dean Skelos. Physicians’ Reciprocal Insur- Insurers -33.0% ers was formerly run, through a management company, by Anthony Bonomo, who was caught Vice Media up in Skelos’ federal corruption trial a er he gave -30.0% #119 the senator’s son a no-show job as Albany was in Physicians’ Reciprocal Insurers the midst of debating legislation to protect PRI -28.4% from liquidation. PRI sued Bonomo this year and Personal-Touch Home Care is now run by Primma, a management subsidiary led by lawyer Bruce Shulan. e rm has retained -27.4% Myron Corp. large clients including Magna Care and Caipa, a group of more than 1,000 doctors primarily serv- -24.0% ing Asian-Americans. — JONATHAN LAMANTIA SOURCE: Crain’s research BLOOMBERG NEWS
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COMPANIES
#WGcQs8`dQs)YI "GceWQees$GUcps)YI 3I!WWUdeQcs@`hUYSsGYP @cGYda`ceGeU`Y
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LARGEST PRIVATELY HELD COMPANIES
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ALPHABETICAL LISTING COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK
ABCO HVACR Supply & Solutions -118 CNY Group ------91 Horizon Media Inc. ------3 New York Mets ------84 Sigma Plastics Group ------11 Adams & Co. Real Estate ------102 Compass ------76 Hudson Meridian Construction ------89 New York Yankees ------46 Solomon Page Group ------141 Advance Publications Inc. ------13 Computer Generated Solutions ----131 Hunter Roberts Construction Group 23 NFP ------22 Stanford Investment Group ------94 AFD Contract Furniture Inc. ------115 Connell Co. ------56 ICC Industries Inc. ------14 NPD Group Inc. ------75 Stark Carpet Corp. ------134 Alcott HR Group ------68 Continental Grain Co. ------12 Imperial Bag & Paper Co.------27 Okonite Co. ------69 Sterling Talent Solutions ------57 Alliance Shippers Inc. ------44 Crestron Electronics Inc. ------15 Information Builders ------105 Omnibuild ------82 Structure Tone Organization ------9 Allied Beverage Group ------30 Curry Automotive ------33 Iovino Enterprises ------110 Oscar Health ------96 Sugar Foods Corp. ------49 Amerex Group ------130 Curtis Instruments Inc. ------65 J.T. Magen & Co. Inc. ------25 Palm Bay International Inc. ------80 Summit Medical Group------45 American Musical Supply ------93 D’Addario & Co. ------135 Jetro Cash & Carry Enterprises ------39 Payoneer ------148 Synechron Inc. ------53 Apple-Metro Inc. ------150 Deep Foods Inc. ------90 JRM Construction Management ---144 Peloton ------137 T.G. Nickel & Associates------72 Appliances Connection ------112 DialAmerica Marketing Inc. ------70 Kaufman Organization ------114 Perkins Eastman ------111 Taboola ------34 Argo Turboserve Corp. ------87 Diane von Furstenberg Studio ------53 Key Food Stores Co-operative Inc. --18 Personal-Touch Home Care Inc. -----77 Terminal Construction Corp. ------123 Atrium Staf ng ------101 DigitalOcean------140 Kind Healthy Snacks ------35 Pharmapacks ------145 TFC Associates ------142 Aurora Contractors Inc. ------112 Diversi ed------51 Kohn Pedersen Fox Associates ----138 Physician’s Reciprocal Insurers ----119 Thermwell Products Co. ------124 AvePoint ------97 Doherty Enterprises Inc. ------59 Krasdale Foods Inc. ------40 PremierXD ------139 Thornton Tomasetti Inc. ------107 BA Sports Nutrition ------132 E.E. Cruz & Co. Inc. ------146 Lafayette 148 New York ------136 Prestige Employee Administrators ---20 Tory Burch ------24 Ban Products Corp. ------86 Eileen Fisher Inc. ------79 LiRo Group ------64 Pride Global ------50 Trammo Inc. ------4 Barr & Barr Inc. ------100 E-J Electric Installation Co. ------66 Manhattan Beer Distributors ------21 Promotion in Motion Cos. Inc. ------80 TransPerfect ------48 Bartlett Dairy Inc. ------127 Empire Of ce Inc. ------52 Max Kahan Inc. ------115 Publishers Clearing House ------26 Triton Construction ------73 Bayside Fuel Oil Corp. ------74 Ergonomic Group Inc. ------120 McAllister Towing & Transportation 128 PURE Group of Insurance Cos. ------32 Trump Organization ------43 Bloomberg LP ------2 Execu|Search Group ------143 Mediaocean ------147 Quality King Distributors Inc. ------36 Turtle & Hughes Inc. ------42 Bookazine ------61 Fedway Associates Inc. & Af liates -28 Mitchell Martin Inc. ------129 RC Andersen------108 24 Seven Inc. ------133 Breakthru Beverage Group ------7 FreshDirect ------37 Modell’s Sporting Goods ------47 Red Apple Group Inc. ------5 Union Square Hospitality Group -----67 Briad Group ------99 Gellert Global Group ------19 Monadnock Construction Inc. ------83 Renco Group Inc. ------8 Univision Communications Inc. ------10 Brooklyn Nets ------104 Goya Foods Inc. ------16 Myron Corp. ------98 Rinaldi Group ------149 Vice Media Inc. ------37 BuzzFeed ------92 Great Eastern Energy ------58 National Retail Systems------106 RXR Realty ------29 Vista Food Exchange Inc. ------78 CareOne ------60 Groundtruth ------109 Navillus ------125 Saatva ------122 Warby Parker ------85 Casper ------94 Harold Levinson Associates Inc. -----16 Nebraskaland Inc. ------62 SalSon Logistics ------103 Weeks Marine Inc.------41 Central National Gottesman Inc. ----- 6 Hazen and Sawyer------117 New Line Structures ------121 Sam Ash Music Corp. ------71 WeWork ------31 Clare Rose Inc. ------126 Hearst ------1 New York Giants------55 Shevell Group of Cos. ------63 Zeta Global ------87
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 11
P002_P011_CN_20181224.indd 11 12/20/18 5:59 PM COMPANIES LARGEST PUBLICLY HELD COMPANIES This information was first published May 21, 2018, and has since been updated. New York–area companies ranked by 2017 revenue
AE 9PWPH`XXfYTHFeT`Yd 8TieS gP 3PhD`cV 3D gPcTq`YH`X )52 %TYFYHTFWdPcgTHPd 5FcV gP 3PhD`cV 3D UaX`cRFYHSFdPH`X " %TYFYHTFWdPcgTHPd &cPPYhTHS8e 3PhD`cV 3D HTeTRc`faH`X (!2 "`XafePcdFYI`QrHP 3Ph4cHSFcI7`FI cX`YV 3D TGXH`X ac`IfHed No. 11 Goldman Sachs 5$5 %``IFYIGPgPcFRP Group YIPcd`Y'TWW7`FI 5fcHSFdP 3D aPadTH`H`X ac`IfHed It’s been a year to for- get for what’s usually 2$9 (YdfcFYHP Wall Street’s top rm. 5FcV gP 3PhD`cV 3D XPeWTQPH`X Malaysia led crimi- 57@ (YdfcFYHP nal charges against !c`FI8e 3PhFcV 3) acfIPYeTFWH`X the rm and a former 5%$ 5SFcXFHPfeTHFWd partner. In addition, $YI8e 3PhD`cV 3D arqPcH`X Goldman has been hurt by rising interest rates, a attening yield curve, trade wars and Brexit, which have been a drag on other banks too. Goldman’s stock lost a third of its value in 2018, and CEO Lloyd Blankfein handed over the reins after 12 years to David Solomon. % +99 ONE-YEAR revenue boost for nancial services rm INTL FCStone (No. 15)— the highest on the list No. 18 21st Century Fox Rupert Murdoch is resetting his media empire after selling his 21st Century Fox movie and televi- sion studios, plus a stake in Hulu, to Disney for $71 billion. Federal authorities approved the deal on the condition that Disney sell its regional sports networks. But Murdoch kept control of Fox News and Fox’s cable-sports network, giving him a big base to rebuild his media business if he and his heirs so desire. BLOOMBERG NEWS 12 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P012_P017_CN_20181224.indd 12 12/20/18 6:11 PM
AE 9PWPH`XXfYTHFeT`Yd 8TieS gP 3PhD`cV 3D gPcTq`YH`X )52 %TYFYHTFWdPcgTHPd 5FcV gP 3PhD`cV 3D UaX`cRFYHSFdPH`X " %TYFYHTFWdPcgTHPd &cPPYhTHS8e 3PhD`cV 3D HTeTRc`faH`X (!2 "`XafePcdFYI`QrHP 3Ph4cHSFcI7`FI cX`YV 3D TGXH`X ac`IfHed 5$5 %``IFYIGPgPcFRP YIPcd`Y'TWW7`FI 5fcHSFdP 3D aPadTH`H`X ac`IfHed 2$9 (YdfcFYHP 5FcV gP 3PhD`cV 3D XPeWTQPH`X 57@ (YdfcFYHP !c`FI8e 3PhFcV 3) acfIPYeTFWH`X 5%$ 5SFcXFHPfeTHFWd $YI8e 3PhD`cV 3D arqPcH`X No. 26 Newell Brands Every corporate merger begins with happy talk, but some- times reality bites. Two years ago Newell Brands was created in a $15 billion merger with Rubbermaid that put the makers of Elmer’s glue, Raw- lings baseball gloves and Crock-Pots under one roof. But syn- ergies have proven elusive, and lately Carl Icahn and other activist investors have been yapping about poor decision-making and corporate bloat. TOP EMPLOYERS Four of the largest employers are ranked among the top ve on the overall ranking. IBM (No. 4) 367K PepsiCo (No. 5) 263K Cognizant (No. 25) 260K JPMorgan Chase (No. 2) 253K Citigroup (No. 3) 209K ¡ No. 34 BlackRock ¡ The CEO of the ¢ £ world’s largest money manager, with more ¤ than $6 trillion in client assets under management, Larry ¡ Fink is now a billion- aire, according to ¡ Bloomberg calcula- tions. BlackRock’s ¥ stock has returned more than 3,600% since it went public in 1999. Fink made one of the greatest deals in the aftermath of the nancial crisis when he acquired Barclays’ ¦¦¤ ETF business. He was thought to have been ¤ ¡ on the short list for ¤ ¤ Treasury secretary had Hillary Clinton been elected president. BLOOMBERG NEWS ¡ BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 13 ¤
P012_P017_CN_20181224.indd 13 12/20/18 6:02 PM ¡ ¡ ¢ £ ¤ ¡ ¡ ¥ COMPANIES ¦¦¤ ¤ ¡ ¤ ¤
¡ ¤ No. 39 Becton Dickinson & Co. The Franklin Lakes, N.J., medical supplier acquired competitor C.R. Bard in 2017for $25.8 billion, giving the company a greater foothold in oncology and sur- gical supplies. The deal, which closed in December 2017, was expected to boost Becton Dickinson's revenue growth in non-U.S. markets including China. As of May 2018 the compa- ny's stock price rose 21% since the deal was announced in April 2017. -$22B ONE-YEAR net income change for Citigroup (No. 3), the only 11- gure drop on the ranking No. 60 KKR & Co. Henry Kravis, KKR’s co-founder, was paid $170 million last year. His partner, George Roberts, made $173 million. Such outsize compensation isn’t unusual in the big leagues of private ¡ equity, where the two cousins have been playing since the 1970s. Their busi- ness might become even more lucrative ¢ soon: To take advan- tage of recent tax-law changes, the rm £ said, it plans to con- ¤ ¤ vert from a partner- ship to a corporation, a move that could boost earnings by low- ering its effective tax rate from 22% to 7%. ¤ BLOOMBERG NEWS ¡ 14 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019 P012_P017_CN_20181224.indd 14 12/20/18 6:14 PM ¤£ ¤ ¡ ¢ £ LARGEST PUBLICLY HELD COMPANIES ¤ ¤ ¤ ¡ No. 92 Vornado Realty Trust Shares had fallen nearly 11% by May ¤£ ¤ 2018, even as Vornado spun off its Washington, D.C., portfolio and recently oated the idea of spinning off retail assets to concentrate on New York of ce space. The rm is redeveloping the Farley post of ce building into a west- ern annex of Penn Station with more than 820,000 square feet of of ce and retail space. The plan for Penn would boost the value of proper- ties Vornado controls nearby. BUCK ENNIS THIS IS crainsnewyork.com ¡ @crainsnewyork ¢ ¡ ¡ | | BOOK OF LISTS 2019 CRAIN’S NEW YORK BUSINESS 15 ¡ ¡ P012_P017_CN_20181224.indd 15 12/20/18 6:04 PM COMPANIES No. 107 SL Green Realty Corp. Credit the sharp drop in SL Green’s revenue to an accounting move that excluded the earn- ings it derives from 919 Third Ave., the 1.5 million-square- foot of ce tower it owns. The rm also has been selling off assets to trim its portfolio and appeal to REIT investors. SL Green’s marquee project, 1 Vanderbilt, a 1,400-foot-tall of ce tower next to Grand Central Terminal, has enjoyed recent leasing activity. CASTING THE NET By far, the biggest net income increases were accumulated by Verizon and P zer. Verizon (No. 1) +$17B P zer (No. 8) +$14.1B ¡ Icahn Enterprises (No. 21) +$3.6B ¢ Prudential (No. 7) ¡ +$3.5B MetLife (No. 6) +$3.2B ¡ ¡ ¡ No. 133 Blue Apron Holdings The meal-kit service’s experience as a public company helps explain why so few startups follow suit. Blue Apron’s 2017 IPO raised nearly $600 million in cash, but its stock price fell by 75%, to about $2.50 per share, as it struggled to fend off competitors including Amazon and Hello- Fresh. A co-founder stepped aside, and hundreds of employ- ees lost their jobs. BUCK ENNIS 16 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019 ¡ P012_P017_CN_20181224.indd 16 12/20/18 6:07 PM ¢ ¢ ¢
LARGEST PUBLICLY HELD COMPANIES ¡ ¡ No. 135 Och-Ziff Capital ¢ Management Group ¢ Described as “Wall Street’s fallen star” when Crain’s pub- lished this list in 2017, Och-Ziff Capital Management was reeling from a cor- ruption scandal and underperforming the S&P 500. In January 2018 CEO Daniel Och stepped aside, and a former top deputy was ¢ charged criminally in ¢ a scheme connected to the hedge fund’s investments in Africa. But perhaps that was Och-Ziff’s rock bottom. It reported in May 2018 that, for the rst time in two years, investors con- tributed more money to the rm than they yanked out. ¢ ¢
ALPHABETICAL LISTING
COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK
ABM Industries Inc. ------63 Celgene Corp. ------31 Interpublic Group of Cos. Inc. ------48 New Media Investment Group Inc. 113 Scholastic Corp. ------98 Aceto Corp. ------147 Children’s Place Inc. ------93 INTL FCStone Inc. ------15 New Residential Investment Corp. --90 Signature Bank ------110 Alleghany Corp. ------56 Chimera Investment Corp. ------119 Investors Bancorp Inc. ------131 New York & Co. Inc. ------129 Sirius XM Holdings Inc. ------64 Altice USA Inc. ------43 Citigroup Inc. ------3 iStar Inc. ------143 New York Community Bancorp Inc.--95 SL Green Realty Corp. ------107 Ambac Financial Group Inc. ------148 Cognizant Technology Solutions -----25 ITT Corp. ------86 New York Times Co. ------102 Sotheby’s ------128 AMC Networks Inc. ------83 Colgate-Palmolive Co. ------23 Jefferies Financial Group ------38 Newell Brands Inc. ------26 Standard Motor Products Inc.------126 American Express Co. ------13 Consolidated Edison ------40 JetBlue Airways Corp. ------53 Newmark Group Inc. ------105 Steel Partners Holdings ------112 American International Group Inc. --- 9 Coty Inc. ------51 John Wiley & Sons Inc. ------100 News Corp. ------47 Steve Madden ------106 AmTrust Financial Services Inc.------59 Cowen Inc. ------146 JPMorgan Chase & Co. ------2 Och-Ziff Capital Management ------135 Systemax Inc. ------118 Annaly Capital Management Inc. ----79 Dun & Bradstreet Corp. ------97 Kimco Realty Corp. ------120 Omnicom Group Inc. ------24 Take-Two Interactive Software Inc. ---96 Apollo Global Management ------85 E-Trade Financial Corp. ------87 KKR & Co. ------60 1-800-Flowers.com Inc. ------122 Tapestry Inc. ------67 Arconic Inc. ------32 Empire State Realty Trust Inc. ------141 L3 Technologies Inc. ------42 Oppenheimer Holdings Inc. ------130 Tiffany & Co.------70 Ares Capital Corp. ------124 Estée Lauder Cos. Inc. ------41 Loews Corp. ------28 Outfront Media Inc. ------109 Time Warner Inc. ------14 Ascena Retail Group Inc. ------55 Evercore ------99 Mack-Cali Realty Corp. ------149 Paramount Group Inc. ------140 Travelers Cos. Inc. ------16 Assurant Inc. ------57 ExlService Holdings Inc. ------139 Macquarie Infrastructure Co. ------94 Party City Holding Co. Inc. ------88 21st Century Fox Inc. ------18 Atlas Air Worldwide Holdings Inc. ----89 Foot Locker Inc. ------49 Macy’s Inc.------19 PepsiCo Inc. ------5 Two Harbors Investment Corp. -----137 Automatic Data Processing Inc. -----36 G-III Apparel Group ------82 Madison Square Garden Co. ------114 P zer Inc. ------8 Ubiquiti Networks Inc. ------134 Bank of New York Mellon ------22 Goldman Sachs Group Inc. ------11 Marsh & McLennan Cos. ------27 Phibro Animal Health Corp.------138 Verint Systems Inc. ------125 Barnes & Noble Inc. ------74 Gramercy Property Trust ------150 MasterCard Inc. ------33 Philip Morris International ------17 Verisk Analytics Inc. ------91 Becton Dickinson & Co. ------39 Griffon Corp. ------108 Merck & Co. Inc. ------12 Presidio Inc. ------81 Verizon Communications Inc. ------1 Bed Bath & Beyond Inc. ------37 Hain Celestial Group Inc. ------80 MetLife Inc. ------6 Prestige Brands Holdings Inc. ------132 Viacom Inc. ------30 BGC Partners Inc. ------76 HC2 Holdings Inc. ------103 Minerals Technologies Inc. ------101 Prospect Capital Corp. ------142 Village Super Market Inc. ------104 BlackRock Inc. ------34 Henry Schein Inc. ------35 Moelis & Co. ------144 Prudential Financial Inc. ------7 Virtu Financial Inc. ------127 Blackstone Group ------52 Hess Corp. ------62 Moody’s Corp. ------69 Public Service Enterprise Group -----44 Vitamin Shoppe Inc. ------123 Blue Apron Holdings Inc. ------133 HRG Group Inc. ------65 Morgan Stanley ------10 PVH Corp. ------45 Volt Information Sciences Inc. -----121 Bristol-Myers Squibb Co. ------20 IAC/InterActiveCorp. ------77 MSC Industrial Direct Co. ------78 Quest Diagnostics Inc. ------50 Vornado Realty Trust ------92 Brixmor Property Group Inc. ------116 Icahn Enterprises ------21 MSCI Inc. ------117 Ralph Lauren Corp. ------54 Voya Financial Inc. ------46 Broadridge Financial Solutions Inc. -71 IDT Corp. ------111 MSG Networks Inc. ------145 Regeneron Pharmaceuticals Inc. ----61 W.P. Carey Inc. ------136 CA Inc. ------72 International Business Machines----- 4 Nasdaq Inc. ------73 Revlon Inc. ------84 Weight Watchers International -----115
CBS Corp. ------29 International Flavors & Fragrances --75 National General Holdings Corp. ----68 S&P Global Inc. ------58 Xylem Inc. ------66 BLOOMBERG NEWS
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 17
P012_P017_CN_20181224.indd 17 12/19/18 6:50 PM COMPANIES LARGEST EMPLOYERS This information was first published Sept. 10, 2018, as a list of 25. Ranked by number of New York–area employees
NUMBER OF NUMBER OF COMPANYWIDE 1 1 NEW YORK–AREA EMPLOYEES EMPLOYEES COMPANYWIDE REVENUE (IN BILLIONS)
%HcGEbSXW #SbfhXPh4IehDX`T @WSbIHh8bEbIahQXdI`WVIWb 3Ib`XYXUSbEWh9`EWaYX`bEbSXW !cbRX`Sbf 8bEbIhXPh4IehDX`T 4X`bReIUUh(IEUbR ¡ ¢ £ 18 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P018_P019_CN_20181224.indd 18 12/19/18 4:33 PM
%HcGEbSXW #SbfhXPh4IehDX`T @WSbIHh8bEbIahQXdI`WVIWb 3Ib`XYXUSbEWh9`EWaYX`bEbSXW !cbRX`Sbf 8bEbIhXPh4IehDX`T 4X`bReIUUh(IEUbR ¡ ¢ £ NUMBER OF NUMBER OF COMPANYWIDE 1 1 NEW YORK–AREA EMPLOYEES EMPLOYEES COMPANYWIDE REVENUE (IN BILLIONS) !!!!
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AGENDA LARGEST ACCOUNTING FIRMS Ranked by number of local accounting professionals
VOL. XXXIV, NO. 39 WWW.CRAINSNEWYORK.COM NEW YORK BUSINESS
AGENDA LARGEST ACCOUNTING FIRMS Ranked by number of local accounting professionals VOL. XXXIV, NO. 39 WWW.CRAINSNEWYORK.COM SEPTEMBER 24 - OCTOBER 1, 2018 NEW YORK BUSINESS AGENDA LARGEST ACCOUNTING FIRMS Ranked by number of local accounting professionals 2018 672i97 2CG9S1QU5R9 RSGUS 7IG '9W4IRE'4 50%i4"XWWX`i#EdSIa "C@TBV9 PE@I8 7IG '9W4IRE'4 2EhE`ai97 3 TB1T G5`5RSUS5 7IG '9W4IRE'4 2E`Tai5EWIbR 2BCR8V9 G5RESP5H9TB 7IG '9W4IRE'4 672i9 7 2CG9S1QU5R9 RSGUS 7IG !I`HXW '9W4IRE'4 &58CSIHV9 69R8IHFFP 7IG '9W4IRE'4 50%i4"XWWX`i#EdSIa PE@I8 7IG "C@TBV9 H8 H8 H8 '9W4IRE'4 WGRSWi!UXGTii WGRSW RI58W5Y 5H7BCH 7IG '9W4IRE'4 2EhE`ai97 3 TB1T G5`5RSUS5 7IG &`EaaSii"X '9W4IRE'4 &58CSIHV9 AR5SSC7P5S 7IG '9W4IRE'4 2E`Tai5EWIbR 672i97 2BCR8V9 G5RESP5H9TB 7IG RSGUS 7IG 5`EQI`i2IbSai"5 a 2CG9S1QU5R9 '9W4IRE'4 PR5A9RG9TCS 7IG '9W4IRE'4 (9HH(F5`5 '9W4IRE'4 !I`HXW 50%i4"XWWX`i#EdSIa &58CSIHV9 69R8IHFFP 7IG PE@I8 7IG %`SIHVEW "C@TBV9 '9W4IRE'4 RI58W5Y @RC98G5HFFP 7IG '9W4IRE'4 '9W4IRE'4 WGRSWi!UXGTii WGRSW H8 H8 H8 2EhE`ai97 RI58W5Y 5H7BCH 7IG G5`5RSUS5 7IG!ETI`i8SUUgi@S`GRXe 3 TB1T '9W4IRE'4 65E9RTCFFY 7IG '9W4IRE'4 0`EcaI (9HH(F5`5 &`EaaSii"X '9W4IRE'4 2E`Tai5EWIbR &58CSIHV9 AR5SSC7P5S 7IG 2BCR8V9 '9W4IRE'4G5RESP5H9TB 7IG "`Xe I '9W4IRE'4 &58CSIHV9 7RIW9 7IG TOP CONSTRUCTION 5`EQI`i2IbSai"5 a '9W4IRE'4 !I`HXW (9HH(F5`5 PR5A9RG9TCS 7IG &58CSIHV9 '9W4IRE'469R8IHFFP 7IG 6ESGRi$WHIi2EUbI`ii"X '9W4IRE'4 RI58W5Y R9G7I 7IG %`SIHVEW '9W4IRE'4 WGRSWi!UXGTii WGRSW RI58W5Y @RC98G5HFFP 7IG H8 H8 H8 RI58W5Y '9W4IRE'4 5H7BCH 7IG 2E`QXUSW iASWI`ii$dIW a '9W4IRE'4 2BCR8V9 GW9FFP 7IG !ETI`i8SUUgi@S`GRXe '9W4IRE'4 &`EaaSii"X 0`EcaI 65E9RTCFFY 7IG &58CSIHV9 (9HH(F5`5AR5SSC7P5S 7IG "!(DiEWHi2EgI`i'XPPVEW '9W4IRE'4 '9W4IRE'4 2G"EWWi"5 a 76C` 7IG FIRMS | 2018 RY5HT(5RE GBG7P5 7IG 5`EQI`i2IbSai"5 a "`Xe I 1CXTBV9 (9HH(F5`5 &58CSIHV9 PR5A9RG9TCS 7IG'9W4IRE'47RIW9 7IG '9W4IRE'4 '9W4IRE'4 %`SIHVEW 6ESGRi$WHIi2EUbI`ii"X RI58W5Y @RC98G5HFFP 7IGRI58W5Y R9G7I 7IG '9W4IRE'4 '9W4IRE'4 !ETI`i8SUUgi@S`GRXe 2E`QXUSW iASWI`ii$dIW a 0`EcaI 2BCR8V9 65E9RTCFFY 7IG GW9FFP 7IG (9HH(F5`5 '9W4IRE'4 '9W4IRE'4 "!(DiEWHi2EgI`i'XPPVEW "`Xe I 2G"EWWi"5 a 76C` 7IG &58CSIHV9 RY5HT(5RE7RIW9 7IG GBG7P5 7IG '9W4IRE'4 1CXTBV9 '9W4IRE'4 6ESGRi$WHIi2EUbI`ii"X RI58W5Y R9G7I 7IG '9W4IRE'4 # Ranked 2E`QXUSW iASWI`ii$dIWa 2BCR8V9 GW9FFP 7IG Reprinted '9W4IRE'4 with permission from the Crain’s New York Business. © 2018 Crain Communications Inc. REPRODUCTIONS ARE NOT PERMITTED. Visit www.crainsnewyork.com/section/reprints. #NB18037 "!(DiEWHi2EgI`i'XPPVEW 2G"EWWi"5 a 76C` 7IG RY5HT(5RE GBG7P5 7IG 1CXTBV9 '9W4IRE'4 Firm name here
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P018_P019_CN_20181224.indd 19 12/19/18 4:34 PM EDUCATION LARGEST COLLEGES AND UNIVERSITIES This information was first published March 19, 2018. City schools ranked by undergraduate enrollment
PRIVATE MATTERS SCHOOL OF THOUGHT Even though undergraduate tuition is rising across New York’s private universities, the rain’s inaugural ranking of the city’s largest colleges and universities city’s student population—and the demand to be part of it —continues to swell. At the highlights the stark di erences in tuition between public and pri- same time, public colleges are averaging a yearly increase of more than 1,000 students. vate institutions. e average undergraduate tuition at the 10 private schools on the list is $48,044, a rise of $12,448 from nine years earlier. CAt the ranking’s 10 CUNY and SUNY schools, it is just $6,776, not even $2,000 AVERAGE annual more than it was in the 2009–2010 school year. So while public tuition increased % increase in tuition at a bit more on a percentage basis, it was much lower on a nominal one. the city’s 10 largest FULL-TIME fall undergraduate enrollment at New “Private school students want small classes, and the expenses for colleges are private schools York’s 20 largest colleges (in thousands) Robert Kelchen 4 becoming more costly,” said , an assistant professor of high- Private Public er education at Seton Hall University in South Orange, N.J. “ at’s for faculty, health bene ts and new facilities. And many big private universities want to do TOTAL 91 93 94 as much research as possible to become more prestigious and climb higher on applications 89 to the city’s rankings.” 75 77 78 ose rankings, notably U.S. News & World Report’s annual list, have been 222K 10 largest 72 blamed for fueling the higher-ed arms race that has driven up tuition across the private schools in fall 2016, a board. Tuition does not even include living costs, and out-of-town students need 3.5% rise from four years earlier to nd space in a city with notoriously expensive market-rate rents. With hous- ing, the full freight of attending a high-end private school in New York approach- AVERAGE student- es $300,000 over four years, although many students receive nancial aid. to-faculty ratio at the “I think the most selective colleges will continue to have large tuition increas- city’s 10 largest private es, but the less elite colleges will have rises that are as close to in ation as possi- schools, four students ble,” Kelchen said. “ ere’s more pressure to hold down tuition increases because 11 fewer than the public students and families are asking if some schools are really worth that much.” colleges’ average SOURCES: Integrated Postsecondary Education Data System, — GERALD SCHIFMAN Crain’s research
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22 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P022_CN_20181224.indd 22 12/19/18 5:59 PM CN018922.indd 1 12/3/18 3:32 PM ENTERTAINMENT TOP FILM AND TV PRODUCTIONS This information was first published May 14, 2018. Ranked by state tax credits earned in 2017
EARLY RETURNS FUNDING CHANNELS Two of TV’s Big Three networks—CBS and NBC— earned the largest subsidies in 2017 after spend- BS was the biggest bene ciary of the state’s lm and TV tax in- 201K ing a combined $1.3 billion in the state. centive in 2017. Four of the network’s series topped Crain’s list TOTAL NUMBER of hires across all 230 of productions that received the largest rebates. Altogether, CBS Total credits (in millions) productions that received state credits earned $160 million in state subsidies. $160.1 in 2017 C e tax credits are based on a project’s total cost and aren’t calculated until a er production wraps. at’s why our 2017 list includes some long- gone shows, such as HBO’s period drama Vinyl, which was canceled in $111.6 2016 a er an expensive but uneven rst season. A er applying to prequalify, producers must submit receipts to the Em- $81.5 $43.36 pire State Development Corp. e agency then tabulates which of a pro- $72.3 AVERAGE HOURLY WAGE for under-the- duction’s costs are eligible. All must be “below the line” expenses, which line lm and TV employees leave out salaries for producers, directors, actors and writers. Incidental costs such as hotel stays aren’t included either. For qualifying expenses $29.8 PORTION OF state tax credits paid in the ve boroughs, the state reimburses 30% of the total outlay, earned through postproduction while upstate shoots are eligible for an additional 10% rebate. In 2017, 230 % expenditures productions spent more than $3 billion in the state and earned back $681 CBS NBC WB HBO ABC 5 million through the tax-credit program. — GERALD SCHIFMAN SOURCE: Empire State Development Corp.
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P024_P025_CN_20181224.indd 24 12/19/18 5:56 PM
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FOR ALL CRAIN’S LISTS, VISIT CRAINSNEWYORK.COM/LISTS.
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 25
P024_P025_CN_20181224.indd 25 12/19/18 5:56 PM FINANCE LARGEST COMMERCIAL BANKS This information was first published April 16, 2018. New York–area banks ranked by total assets
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26 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P026_CN_20181224.indd 26 12/19/18 2:46 PM FINANCE TOP SBA LENDERS This information was first published June 25, 2018. Ranked by dollar value of New York–area loans in scal 2018
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 27
P027_CN_20181224.indd 27 12/19/18 5:08 PM FINANCE LARGEST THRIFTS This information was first published April 16, 2018. New York–area banks ranked by total assets
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28 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P028_CN_20181224.indd 28 12/19/18 2:50 PM HEALTH CARE LARGEST HOSPITALS This information was first published June 18, 2018. New York–area institutions ranked by 2017 operating expenses
IN GOOD HEALTH AN EXPENSIVE PROPOSITION On average in the 2013–2017 period, the top 25 hospitals on Crain’s list have upped their operating expenses by $100 million annually. ew York’s top hospitals continue to prosper. Seventeen of the 25 Average operating expenses (in billions) largest hospitals on Crain’s latest list increased pro ts in 2017. Al- Ntogether, the group’s net pro ts have risen by 93% since 2015. $1.72 “It ts with what I’m seeing in the indus- try in New York,” said Allen Miller, chief executive of Cope Health Solutions, a city- based consultancy. “ ese hospital systems have spent the past few years really trying to transform themselves to not just be hospi- tals anymore. I see massive transformation in electronic medical records, ambulatory integration and population health, with the state acting as a great partner by providing subsidies.” While Miller expects the area’s facilities to sustain the success, their pace of growth may slow. In December 2017 Congress repealed the mandate that individuals have health insurance or pay a penalty, potentially increas- ing the number of uninsured New Yorkers. at could leave hospitals with more patients who cannot pay and fewer overall as the uninsured shy away from care. At the same time, federal funding cuts will strain providers. OVERALL CHANGE in TOTAL NUMBER of “I don’t see pro ts popping like a cork because the hospitals are under % patient revenue for workers employed pressure,” Miller said. “Cutbacks to the health insurance exchange, Medi- the top 25 hospitals by the top 25 from 2016 to 2017 hospitals care and Medicaid will also mean smaller revenues. At the same time, I +5.4 213K think continued transformation will o set some of these losses.” — GERALD SCHIFMAN SOURCE: Crain’s research
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30 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P029_P030_CN_20181224.indd 30 12/19/18 6:03 PM Happy, healthy, loved. These are the dreams we have for our families and friends.
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CN018970.indd 1 12/18/18 3:40 PM HEALTH CARE LARGEST PHYSICIAN GROUPS This information was first published Nov. 5, 2018, as a list of 25. It has since been updated. Ranked by total number of New York–area doctors
32 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P032_CN_20181224.indd 32 12/19/18 4:51 PM The Rise of Faith-Based Development
ith Mayor Bill de Blasio keen to Barnett Matalon & Schoenfeld, successfully navigated into a JV partnership with Brisa Builders in which the the churches through the process. church will own not only their house of worship, but put money into affordable-housing also the residential units and commercial retail spaces. projects, there has been a rise in Also, sometimes the churches’ parishioners may be faith-basedW development across the city. In- hesitant to support the sale of the church’s land. • Churches that already own residential properties can dependent churches that own real estate are In that case, the church could explore a long-term resyndicate the property at year 15, which is a form ground lease, in which the church holds title to the of renovating the property by refinancing. Churches seizing the moment, mounting development land and leases it to a developer. can then either opt to remain in the development projects that fulfill the mission of their orga- partnership, buy out the partner or engage new partners. For example, CB Emmanuel will work with nization and meet the goals of the de Blasio Crain’s: What challenges do faith-based or- ganizations face in their development projects or a church to renovate the senior housing building Administration. They’re engaged in projects transactions? that they have owned for the past 15 years. that aim to revitalize communities, encourage Rubie: As property is passed through generations entrepreneurship and support the needs of Crain’s: What are some of the advantages for of pastoral leadership, the new pastor may not be aware local people. As developers, FBOs typically developers and FBOs partnering on projects? of encumbrances that prior leadership encountered hope to address a community’s underlying with the property. Therefore, it’s vital that churches pe- Rubie: FBOs are often intimately tied to the com-
issues, rather than enact short-term solutions. riodically commission title reports to ensure that there munity and are typically concerned with maintaining are no encumbrances that can prohibit a development its stability. A significant outcome for the community is For developers, partnering with faith-based organiza- project. In some instances with older church properties, an increase in affordable housing. The community truly tions can be rewarding as well as challenging. To learn deeds and other necessary records may be lost or not benefits from the creation of mission-based develop- more about what changes when an FBO is helming easily accessible. At the $70 million Tree of Life project ment when there are strategic and thoughtful partner- a development project, Crain’s turned to Osei Rubie, in Jamaica, Queens, NSA helped Rev. Patrick O’Connor ships between developers and religious groups. founder and president of title-insurance firm Nation- navigate this situation in his deed challenge. al Standard Abstract (NSA), which has carved out a Developers can realize significant tax benefits, and gain access to both desirable development sites and more niche in faith-based development. The firm closed Crain’s: What are some of the ways FBOs and de- more than $600 million in commercial real estate velopers can structure projects to deliver the greatest funding sources by partnering with FBOs. Since FBOs transactions in 2018, led by $274 million in faith-based value to the organization and their communities? often provide social services in neglected communities, development deals. these development projects may be eligible to receive Rubie: I have seen projects organized typically in philanthropic or government-sponsored grants.
four ways:
• Churches can sell their property and/or air rights to a developer. The compensation can be rein- vested into the church’s mission without being directly involved NATIONAL STANDARD ABSTRACT in the new development. For example, when Lemor Devel- Osei Rubie opment purchased a property President from a church contiguous to city- and privately owned lots, Nadir Rubie Business the proceeds were used to build Development a new church. Executive (seated) • Churches may retain ownership of their land and lease it to a developer. Leases are long-term and the church may receive an Over $600 Million Crain’s: Are there unique legal issues that arise with faith-based development projects, or areas of annual ground lease payment the process that require special attention? from the developer. Usually, when the lease terms ends, the asset closed 2018 Rubie: Typically, land owned by faith-based orga- transfers to the land title holder.
nizations are considered public property. Therefore, For instance, Riseboro Communi- if the entity is registered with the Charities Bureau, ty Partners entered into a ground $274 Million in any real estate transaction must be approved by the lease with True Holy Church Faith-Based Developments 2018 attorney general and the state Supreme Court. The allowing for the development of AG reviews the transaction to ensure that the religious a house of worship along with entity receives fair consideration for the land value residential units and social service and that the transaction advances the organization’s space for the community. mission. A challenge faced by faith-based develop- ment is the ability to achieve a mission-oriented • Churches can enter into a joint focus that also benefits the organization financially. venture with a developer where For more information on Faith-Based Developments It’s important that organizations seek legal counsel the church sells the land to the Join National Standard Abstract that is well-versed in such issues and in preparing the joint-venture entity that develops March 6, 2019 supporting documentation. NSA has been fortunate it. The church and developer @ The Rise of Faith-Based Development Panel Discussion to collaborate with talented attorneys, who have become co-owners. For the helped guide the churches we’ve worked with through recent affordable-housing project RSVP at [email protected] the process. On our transactions, John Savage of at Ebenezer Plaza, the Church Bozeman & Savage and Renato Matos of Capell of God of East Flatbush entered www.nationalstandardabs.com | (516) 302-8451
An Advertising Supplement to Crain’s New York Business
ask the expert.indd 1 12/18/18 2:41 PM NONPROFITS LARGEST FOUNDATIONS This information was first published Nov. 12, 2018. New York–area charities ranked by total assets
34 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P034_CN_20181224.indd 34 12/19/18 2:51 PM NONPROFITS LARGEST NONPROFITS This information was first published Nov. 12, 2018. New York–area organizations ranked by 2017 total operating expenses
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 35
P035_P036_CN_20181224.indd 35 12/19/18 4:18 PM NONPROFITS LARGEST NONPROFITS
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P035_P036_CN_20181224.indd 36 12/19/18 4:19 PM PEOPLE TOP-PAID CHIEF EXECUTIVES
This information was first published June 4, 2018, and has since been updated. New York–area CEOs ranked by 2017 total compensation (in millions)
HEAVY HITTERS BY GERALD SCHIFMAN
STEPHEN SCHWARZMAN MINDY GROSSMAN JOSEPH LEVIN JAMES DOLAN #1 BLACKSTONE GROUP #10 WEIGHT WATCHERS #63 IAC/INTERACTIVECORP #71, #90 MSG CO., MSG NETWORKS THE MAN WHOSE NAME graces the 42nd TO LURE HER AWAY from the Home Shop- ON A LIST in which the average CEO age LEADING BOTH Madison Square Garden Street and Fifth Avenue branch of the New ping Network, where she was chief exec- is in the mid-50s, Levin of IAC/InterAc- Co. and MSG Networks Inc., Dolan is York Public Library again tops Crain’s list utive for 10 years, Weight Watchers gave tiveCorp is the youngest, at 38. Previ- the only executive who appears twice on of best-paid CEOs. Schwarzman took home Grossman six times her 2016 pay, making ously CEO of IAC’s Search & Applications this list. If he has his way, that won’t last $125.5 million in pay from Blackstone in up forfeited deferred compensation. The division, Levin was promoted to head the much longer. In this era of cord-cutting, 2017—at least $11 million more than any diet company’s stock, already on a roll whole company in 2015. The media and the Knicks owner is trying to nd a buyer other CEO and nearly $80 million above following Oprah Winfrey’s 10% purchase internet holdings company’s stock price for MSG Networks. Together, the two his 2016 haul. Plus, Schwarzman earned in October 2015, has been booming since grew 16.1% in 2016, and Levin received companies pulled in more than one billion signi cantly more through dividends and Grossman took over in July 2017—more a $2.6 million compensation bump the in gross pro ts for the scal year ending fund payouts. than doubling in 11 months. following year. on June 30, 2018.
BLOOMBERG, BUCK ENNIS BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 37 P037_P039_CN_20181224.indd 37 12/19/18 6:31 PM ¡ ¢ £ £ ¢ ¢ PEOPLE STEPHEN A. SCHWARZMAN ¡ ¢ £ £ ¢ ¢ 5`EFAT(AXYYUT &UHT& )CbUe 2E`EX UHET &ATE 6 !RFEXY $UcAXD9(a`TICQ %AT ) UUQ )ICHAER2URQ RAT 5CHTI`fEX 5`EbET 'ATDAXIAT XIAT 4 $AXXIY &UHT$EYY DETA 6 "XIEDSAT REYYATDXUUGRIURU 4UBEX` & 6HUSYUT )AXQ & RREY 8ITCET` "UXRETfA &UYEVH) (EbIT 4ARVH (AaXET 8IC`UX (aIY "XATCIYCU 5UafA ASIRRU 2ATE 4UTARD & 'XASEX 4UBEX` & $aGIT )ICHAER2 #XEGUIXE &ASEY( URAT 4AeSUTD9 )C ATIERh&X &EFFXEe #ETTE``E 38 | CRAIN’S NEW)UXXIY YORK#URDFAXB BUSINESS | BOOK OF LISTS 2019 4UDTEe1)AX`ITh&X HXIY`UVHEX!'aBAYIQ P037_P039_CN_20181224.indd 38UaGRAY ( 2E`EXYUT 12/19/18 6:30 PM AXRUY 4UDXIGaEf 4ARVH %ffU 5`EbET 4U`H RBEX` 2 EHREX 5`EVHET$4aYCQUcYQI ¡ &ASEY! )EeEX 9EY`UT ) $ICQY %bAT 'AaFSAT T`HUTe ! )ARQIT 6AXEQ 5HEXIF RAT URBEXG ¢ 4ICHAXD& ARe &ASEY( URAT £ HAXREY ATCXUF` 5HAaT (eTT AT UDTEX 6HUSAY 5 5SI`Hh&X 2HIRIV "ARCUTE 5`EFAT(AXYYUT &UHT& )CbUe 2E`EX UHET &ATE 6 !RFEXY $UcAXD9(a`TICQ %AT ) UUQ )ICHAER2URQ RAT 5CHTI`fEX 5`EbET 'ATDAXIAT XIAT 4 $AXXIY TOP-PAID CHIEF EXECUTIVES &UHT$EYY DETA 6 "XIEDSAT GOOD FORTUNEREYYATDXUUGRIURU MONEY MATTERS NUMBER of All of the largest4UBEX` &compensation 6HUSYUT increases were netted by These ve sustained compensation drops exceeding $6 million executives ranked within the top seven. female CEOs on in 2017 but remained on the list because their 2016 haul was )AXQ & RREY the top 100 Compensation increase (in millions) huge. All were ranked in the top 20 on the 2017 list. 8ITCETBLACKSTONE` "UXRETfA GROUP Compensation decrease (in millions) STEPHEN A. 5 MADISON SQUARE GARDEN CO. SCHWARZMAN&UYEVH) (EbIT +$78.6 -$37.6 DAVID KKR & CO. O’CONNOR GEORGE R.4ARVH (AaXET +$49.8 ESTÉE LAUDER COS. INC. ROBERTS -$29.4 FABRIZIO 8IC`UXKKR(aIY & CO. NUMBER of CEOs FREDA HENRY R. no longer working INTERNATIONAL BUSINESS MACHINES CORP. KRAVIS +$49.6 "XATCIYCU 5UafA in the same role -$14.1 VIRGINIA M. ALTICE USA INC. ROMETTY DEXTER G. GAMCO INVESTORS INC. GOEIASIRRU 2ATE +$43.5 19 -$6.6 MARIO J. VIACOM INC. GABELLI 4UTARD & 'XASEX THOMAS E. +$25.7 NEWELL BRANDS INC. DOOLEY -$6.4 MICHAEL B. 4UBEX` & $aGIT POLK SOURCES: S&P Global Market Intelligence and Crain’s research )ICHAER2 #XEGUIXE &ASEY( URAT 4AeSUT D9 )C ATIERh&X &EFFXEe #ETTE``E )UXXIY #URDFAXB 4UDTEe1)AX`ITh&X HXIY`UVHE X! ' aBAYIQ UaGRAY ( 2E`EXYUT AXRUY 4UDXIGaEf 4ARVH %ffU 5`EbET 4U`H RBEX` 2 EHREX 5`EVHET$4aYCQUcYQI ¡ &ASEY! )EeEX 9EY`UT ) $ICQY %bAT 'AaFSAT T`HUTe ! )ARQIT 6AXEQ 5HEXIF RAT URBEXG ¢ 4ICHAXD& ARe &ASEY( URAT £ HAXREY ATCXUF` 5HAaT (eTT AT UDTEX 6HUSAY 5 5SI`Hh&X 2HIRIV "ARCUTE
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BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 39
P037_P039_CN_20181224.indd 39 12/19/18 6:31 PM PEOPLE TOP-PAID HOSPITAL EXECUTIVES AND EMPLOYEES This information was first published April 9, 2018. Ranked by 2016 cash compensation
NOTHING SICKLY A HEALTHY LIVING The retirement of Methodist CEO Mark Mundy triggered a hefty windfall to give him the biggest ABOUT THESE SALARIES year-to-year compensation bump. Raises on the doctor side were led by two surgeons at the Hospital for Special Surgery. ompensation for New York’s top hospital leaders keeps reaching new heights. e 25th-ranked administrator on Crain’s annual list of the EXECUTIVES metro area’s highest-paid hospital executives earned $2.3 million in MARK J. CRAIG B. ROBERT S. CHANTAL ANTHONY 2016, 14% more than No. 25 made the previous year. MUNDY THOMPSON, SHAPIRO WEINHOLD FERRERI M.D. CAlthough the jump was not as steep for that slot on the employee side (it in- (No. 1) (No. 4) (No. 9) (No. 12) (No. 11) creased by 6%), there were plenty of big compensation bumps for the positions +$3.8M +$2.9M +$2.3M +$2.2M +$2.1M above it. Two doctors’ earnings increased by more than $1 million: spine sur- EMPLOYEES geons Frank Schwab and Han Jo Kim of the Hospital for Special Surgery. Ortho- pedics is an area of medicine that is transforming—and producing high salaries FRANK HAN JO BARRY PETER T. DAVID SCHWAB, M.D. KIM, M.D. KAPLAN, M.D. SCARDINO, M.D. SAMADI, M.D. for leadership. (No. 11) (No. 10) (No. 13) (No. 16) (No. 1) “Hospitals have changed how they manage the orthopedic cycle of care,” said Eileen O’Donnell, a senior client partner at Korn Ferry who specializes in recruit- +$1.9M +$1.1M +$1.0M +$0.9M +$0.6M ing senior-level health-care executives. “A er orthopedic surgeries, you’re seeing NOTE: Raise rankings omit three doctors whose 2015 cash compensation is not available. much quicker transitions out of the hospital into rehab and back home. It’s up to the hospital to ensure that the home is properly set up a er a surgery so the patient STRONG ISLAND has a great outcome. is creates a need for key leaders to see that patient needs Long Island–based Northwell Health and Catholic Health Services had the most staffers on the are being met.” two lists. e executive side of the list typically features individuals with traditional titles Total number of execs/employees such as president, dean, CEO, CFO and COO. But in the future, the top 25 could NORTHWELL HEALTH include executives whose role revolves around improving the patient experience. 15 “Chief experience o cer and chief transformation o cer are two roles that are CATHOLIC HEALTH SERVICES OF LONG ISLAND becoming more valuable,” O’Donnell said. “ ose are now executive-level posi- 7 NEW YORK–PRESBYTERIAN tions working very closely with hospital leaders to personalize the patient expe- 6 rience, emphasize outcomes and make services more seamless. With consumers MEMORIAL SLOAN KETTERING CANCER CENTER driving best-in-class care, hospitals need leaders who can provide it.” 4 — GERALD SCHIFMAN SOURCES: Form 990 tax lings from 2015 and 2016
TOP-PAID HOSPITAL EXECUTIVES TOP-PAID HOSPITAL EMPLOYEES
OFFICER/ TOTAL CASH COMP. OTHER TOTAL CASH COMP. OTHER RANK DIRECTOR/TRUSTEE HOSPITAL/SYSTEM FROM ORG./FROM RELATED ORGS. COMP. RANK EMPLOYEE HOSPITAL/SYSTEM FROM ORG./FROM RELATED ORGS. COMP.
Mark J. Mundy1 New York–Presbyterian $5,789,727 $413,511 David Samadi, M.D. Lenox Hill Hospital $7,287,640 $53,304 1 president and Brooklyn Methodist $5,789,727/$0 1 chair, urology $7,287,640/$0 chief executive Joseph Levine, M.D. St. Francis Hospital $6,243,917 $41,658 Steven J. Corwin, M.D.2 New York–Presbyterian Hospital $5,747,816 $227,825 2 chief, electrophysiology $6,243,917/$0 president, chief executive and trustee $5,747,816/$0 2 Mark Sultan, M.D. Beth Israel Medical Center $4,981,407 $37,457 Robert I. Grossman, M.D.3 NYU Langone Medical Center $5,453,582 $1,904,250 3 physician $4,981,407/$0 dean and chief executive $2,726,791/$2,726,791 3 Richard Schlofmitz, M.D. St. Francis Hospital $4,258,514 $40,779 Craig B. Thompson, M.D. Memorial Sloan Kettering Cancer Center $5,337,371 $1,381,832 4 chair, cardiology $4,258,514/$0 president and chief executive $5,337,371/$0 4 Sathish Subbaiah, M.D. St. Charles Hospital $3,964,895 $23,024 Steven M. Safyer, M.D.4 Monte ore Health System $4,327,957 $51,831 5 chief, neurosurgical $3,964,895/$0 5 president and chief executive $0/$4,327,957 spinal surgery Kenneth L. Davis, M.D.5 Mount Sinai Health System $4,082,072 $3,179,142 Morgan Chen, M.D. St. Charles Hospital $3,792,952 $52,640 6 president and chief executive $931,121/$3,150,951 6 chief, orthopedic $3,792,952/$0 spinal surgery Michael J. Dowling Northwell Health $4,026,026 $51,426 7 president and chief executive $0/$4,026,026 Jacob Shani, M.D. Maimonides Medical Center $3,497,072 $33,333 6 chair, heart and $3,497,072/$0 Robert C. Garrett Hackensack Meridian Health $3,917,541 $583,245 7 vascular center 8 co-chief executive $0/$3,917,541 7 Mark Urken, M.D. Beth Israel Medical Center $3,479,923 $57,213 Robert S. Shapiro Northwell Health $3,571,801 $373,568 physician $3,479,923/$0 9 executive vice president and $0/$3,571,801 8 chief nancial o cer Robert Michler, M.D. Monte ore Hospital $3,361,209 $51,899 8 chair, cardiothoracic $3,361,209/$0 Pamela Brier Maimonides Medical Center $3,408,493 $979,306 9 surgery 10 president and chief executive $3,408,493/$0 9 Han Jo Kim, M.D. Hospital for Special Surgery $3,208,023 $34,109 Anthony Ferreri Northwell Health $3,231,532 $369,606 orthopedic surgeon $3,208,023/$0 11 executive vice president and $0/$3,231,532 10 chief a liation o cer Frank Schwab, M.D. Hospital for Special Surgery $3,198,886 $57,014 chief, spine service $3,198,886/$0 Chantal Weinhold Northwell Health $3,177,989 $352,114 11 12 regional executive director $3,177,989/$0 Eugene Krauss, M.D. North Shore University Hospital $3,009,722 $45,453 10 chair, orthopedics $3,009,722/$0 John K. Lloyd Hackensack Meridian Health $3,103,959 $822,777 12 13 co-chief executive $0/$3,103,959 Barry Kaplan, M.D. Long Island Jewish Medical Center $2,816,638 $53,304 executive director, $2,816,638/$0 Maxine Frank New York–Presbyterian Hospital $2,903,648 $53,303 13 cardiology 14 executive vice president and $2,903,648/$0 chief legal o cer Lyle Leipziger, M.D. Long Island Jewish Medical Center $2,816,638 $53,304 chief, plastic surgery $2,816,638/$0 Louis Shapiro Hospital for Special Surgery $2,853,751 $69,189 13 15 president and chief executive $2,283,001/$570,750 Philip Gutin, M.D. Memorial Sloan Kettering $2,746,988 $54,266 chair, neurosurgery Cancer Center $2,746,988/$0 Jason Klein Memorial Sloan Kettering Cancer Center $2,811,422 $1,592,843 15 16 senior vice president and $2,811,422/$0 Peter T. Scardino, M.D. Memorial Sloan Kettering $2,695,019 $95,502 chief investment o cer 16 chair, surgery Cancer Center $2,695,019/$0 Barry H. Ostrowsky11 RWJBarnabas Health $2,770,018 $290,266 Alan Hartman, M.D. North Shore University Hospital $2,421,336 $53,304 17 president and chief executive $0/$2,770,018 17 chair, cardiovascular $2,421,336/$0 12 and thoracic surgery Laura L. Forese, M.D. New York–Presbyterian Hospital $2,744,627 $224,599 18 executive vice president and $2,744,627/$0 George Petrossian, M.D. St. Francis Hospital $2,333,493 $49,064 chief operating o cer 18 cardiologist $2,333,493/$0
40 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P040_P041_CN_20181224.indd 40 12/18/18 3:04 PM TOP-PAID HOSPITAL EXECUTIVES TOP-PAID HOSPITAL EMPLOYEES
OFFICER/ TOTAL CASH COMP. OTHER TOTAL CASH COMP. OTHER RANK DIRECTOR/TRUSTEE HOSPITAL/SYSTEM FROM ORG./FROM RELATED ORGS. COMP. RANK EMPLOYEE HOSPITAL/SYSTEM FROM ORG./FROM RELATED ORGS. COMP. Joseph Lemaire13 Hackensack Meridian Health $2,673,640 $107,722 Omid Rahmani, M.D. Long Island Jewish Medical Center $2,285,778 $44,668 19 president, diversi ed health $2,673,640/$0 19 chair, vascular surgery $2,285,778/$0 ventures division Varinder Singh, M.D. Lenox Hill Hospital $2,261,609 $53,304 Phyllis R. Lantos New York–Presbyterian Hospital $2,640,133 $57,166 20 interim chair, $2,261,609/$0 20 executive vice president, $2,640,133/$0 cardiovascular chief nancial o cer and treasurer medicine Alan D. Guerci, M.D.14 Catholic Health Services of Long Island $2,595,065 $360,447 James Taylor, M.D. North Shore University Hospital $2,093,079 $53,304 21 president and chief executive $2,595,065/$0 21 co-director, $2,093,079/$0 heart hospital Andrew J. Brotman, M.D. NYU Langone Medical Center $2,495,054 $24,292 22 senior vice president, vice $1,247,527 /$1,247,527 Terrence J. Sacchi, M.D. New York–Presbyterian $2,067,075 $39,431 dean and chief clinical o cer 22 chief, cardiology Brooklyn Methodist $2,067,075/$0 Philip O. Ozuah, M.D.15 Monte ore Health System $2,492,636 $538,092 Douglas Petraco, M.D. St. Charles Hospital $2,063,438 $54,993 23 executive vice president and $0/$2,492,636 23 orthopedic surgeon $2,063,438/$0 chief operating o cer Samuel Scheinerman, M.D. Lenox Hill Hospital $2,063,437 $45,453 Mark J. Solazzo16 Northwell Health $2,398,244 $600,022 24 chair, cardiothoracic $2,063,437/$0 24 executive vice president and $0/$2,398,244 surgery chief operating o cer Angelo Reppucci, M.D. Long Island Jewish Medical Center $2,035,568 $53,250 Thomas A. Biga17 RWJBarnabas Health $2,308,539 $49,804 25 co-director, $2,035,568/$0 25 president, Northern region $0/$2,308,539 practice site
Total cash compensation includes base compensation, bonus and incentive compensation and other reportable compensation from the organization and related organizations. Other compensation includes nonreportable compensation, deferred compensation, retirement plan benefits, health care benefits and other fringe benefits from the organization and related organizations. Hospital employee compensation may not include medical school pay. Individuals may have additional titles. In the case of a tie, employees are listed in alphabetical order by last name. Notes on top-paid executives: SERP-supplemental executive retirement plan. KEYSOP-key employee share option plan. 1-Mundy retired in 2016. Compensation included a $4,280,050 liquidation of his executive option plan and a $207,293 SERP distribution. 2-Included a $168,034 participation in a SERP plan. 3-Compsensation included a $1,871,305 contribution to a SERP plan and a $585,147 SERP distribution. 4-Compensation included a $1,309,525 pooled SERP plan distribution. 5-Compensation figures are derived from the Beth Israel Medical Center 2016 Form 990. Included $3,112,500 in unvested benefits to a SERP plan. 6-Compensation included $562,700 in vested contributions to a SERP plan, $183,600 in vested contributions to a 457(F) plan, $57,346 in a KEYSOP plan, $84,556 in interest on previously deferred compensation, $229,800 vested in a long-term incentive plan and a $250,000 retention bonus. 7-Compensation included $328,115 in unvested SERP contributions. 8-Brier retired in January 2016. Compensation included $972,459 in severance pay and a $62,871 contribution to a 457(F) plan. It also included $1,964,341 in vested SERP payouts. 9-Compensation included $324,153 in unvested SERP contributions. 10-Compensation included a $780,694 retention bonus and $722,495 in interest credits in a SERP plan. 11-Compensation included a $250,000 unvested contribution to a long-term incentive plan. 12-Included a $179,457 participation in a SERP plan. 13-Compensation figures are derived from the Palisades Medical Center 2016 Form 990. Compensation included $1,238,150 in vested contributions to a SERP plan. 14-Compensation included a $306,000 participation in a SERP plan and $767,223 vesting in a nonqualified supplemental retirement plan. 15-Compensation included $486,897 in SERP distributions and unpaid service costs. 16-Compensation included $560,008 in unvested SERP contributions. 17-Compensation included $628,038 in vested contributions to a SERP plan. Research by Gerald Schifman and Melinda Berkman.
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 41
P040_P041_CN_20181224.indd 41 12/18/18 3:05 PM PEOPLE LARGEST EXECUTIVE-RECRUITING FIRMS This information was first published Jan. 22, 2018. Ranked by number of New York–area recruiters
THE SCOOP TRENDS A VIRTUAL REALITY FRONT OF THE HEAD HUNT Financial services, health care and information technology continue to lead the way as the early 24 years ago, Michael Koren took a risk and moved his most common recruiting rm specialties. Total number of rms executive recruiting rm’s headquarters from Midtown East Financial services to White Plains. e relocation put the Koren Rogers (No. 23) 16 o ce closer to the chief executive’s Westchester home and Health care Nprovided him with a better quality of life, at a cost. 13 Accounting “It shortened my commute to 20 minutes and allowed me to be on the 9 ball eld at 5 o’clock to coach,” Koren said. “What I gave up was my abil- Information technology ity to easily hire successful recruiters. In the 1990s many top-producing 9 Pharmaceuticals and life sciences recruiters felt that they needed to work in New York City to continue to 9 be successful.” Human resources e struggle to draw recruiters from the bustling city to the quieter 8 Retail and consumer suburbs made it di cult for Koren to grow his business. But a few years 8 ago, he was referred to an esteemed recruiter working out of Atlanta who Technology became the rst of a wave of remote sta members brought under the 7 Koren Rogers umbrella. e rm has hired 15 of the “virtual” recruit- Nonpro ts 6 ers to date, each of whom check in with Koren and their supervisors 0510 15 20 throughout the workday via phone and Skype from across the country. Having recruiters work remotely to place job candidates rather than from a central o ce has signi cantly cut Koren’s costs, and his employees have STEADY GROWTH AT KOREN ROGERS prospered. % The No. 23 rm has added, on average, about % “Everyone’s gotten a good bump in compensation because our xed two recruiters to its staff in each of the past costs are so much lower,” he said. “Without the additional burden of four years. leases, cable wiring and desks, it costs me very little to hire people. I don’t 8 Total recruiters at the rm 9 GROWTH in GROWTH in think I would’ve had the courage to take on real estate leases for millions the number of 45 the number of of dollars.” 41 New York–area U.S. recruiters Although the o ce is no longer fundamental to the Koren Rogers recruiters 40 employed by operation, it is still important, Koren said, explaining that he cannot see employed by the top rms* himself working from home every day. Plus, sta members in the White the top rms* Plains o ce have bene ted from the presence of the virtual recruiters on 35 the roster. “ e people in New York have been inspired by what has grown out- side of New York,” Koren said. “ ey hear the excitement in my voice, 30 and they feel like the company is back on a growth trajectory.” 2013 2014 2015 2016 2017 — GERALD SCHIFMAN *Among the companies that provided 2016 and 2017 data SOURCE: Crain’s research
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42 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P042_P043_CN_20181224.indd 42 12/18/18 4:20 PM
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FOR ALL CRAIN’S LISTS, GO TO CRAINSNEWYORK.COM/LISTS.
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 43
P042_P043_CN_20181224.indd 43 12/18/18 4:20 PM PROFESSIONS LARGEST ACCOUNTING FIRMS This information was first published Sept. 24, 2018. Ranked by number of New York–area accounting professionals
TAX-CUT WORKLOAD SPECIALTY BREAKDOWN FOR THE TOP 30
n late December 2017, President Don- ald Trump signed into law long-prom- Auditing and accounting ised tax cuts meant to promote eco- Other 16 nomic growth. But the Tax Cuts and NUMBER OF FIRMS 34.0% IJobs Act has had some ancillary e ects. 8.9% with at least half For New York’s largest accounting rms, of their account- the biggest tax overhaul in decades has put ing professionals signi cantly more work on their sta ers’ Tax 25.5% working in the metro plates. David Lifson (pictured), a certi ed area public accountant and a partner at Crowe 31.6% (No. 21), said keeping up with changes re- Management quires about 50% more time than it did in advisory 2017. And clients are returning with myriad questions, turning tax season services into a yearlong process. “Clients want to make a plan for three to ve years, but we’re not for- tune tellers and wizards,” Lifson said. “ ere’s always uncertainty in tax law because there are changes all the time—and there’s still the likelihood EVERY BIG 4 FIRM eclipses $26 billion in revenue, while of much more. few of the other rms exceed 10 gures. Yet revenue at the “ e changes on Dec. 22, 2017, were just the beginning,” he added, “as smaller companies is growing at a faster rate than at their Republicans introduced three more bills nine months later. Clients can % large counterparts. take positions today, but they have to keep checking with me to see if +6.6% anything has changed.” 21 One major change from August 2018 was that the IRS put a limit on THE CORPORATE tax rate instituted how much can be deducted as charitable donations to a state fund, a Gov. +3.3% by the Tax Cuts Andrew Cuomo–spurred adjustment intended to mitigate the e ect of the and Jobs Act of new cap on state and local taxes deducted from federal returns. New York 2017, a decrease and neighboring states adopting similar programs are now suing the fed- of 14 percentage eral government to have the allowance reinstated. Lifson doesn’t think the points Big 4 Other states’ plan will stand up in court, but the continuing political le -versus- SOURCE: Crain’s research right battle makes it di cult to give advice. “New York tried to take advantage of an informal loophole with very MAXIMUM AMOUNT large deductions,” Lifson said. “Potential savings is over 120% of the cost. of state and local taxes But any taxpayer that attempts to use the program runs the risk of a feder- $ that can be deducted al challenge. So even though the mushroom might be really tasty, it might from federal returns make you sick.” — GERALD SCHIFMAN 10K
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INSIDE CORPORATE ACCOUNTING AND CONSULTING Accounting in the age of disruption
is accelerating the change. audit, accounting, advisory, consulting and tax services firm, said new technology has changed “To them, it’s not change,” said Abe the way his team works, the skills to do the Schlisselfeld, co-partner-in-charge of the real work, and training. estate group at Marks Paneth. “It’s the way they live their lives.” “The technology is really changing the business model for accounting firms,” he said. In the construction industry, for example, technology such as 3D modeling, used to Implementing technology, with a human design buildings, is one factor. Another is an touch influx of overseas investment and private equity funding that is enticing some baby boomers to EisnerAmper is finding opportunity in hange is happening so quickly in many cash out of their privately held firms. technological change by helping clients leverage industries that Marc Newman has the firm’s subject-matter expertise through new Crecommended that some clients add a “I’ve never seen more disruption in the software. new job title: chief change officer. construction industry than I’ve seen right now,” said Steven Goldstein, a partner at Grassi & Co., “We are working with software firms to turn Such an executive helps a company an audit, accounting and tax services firm. their software into services we can bring to transform itself, from both a technical and market,” Weinstein said. cultural perspective, to thrive in fast-evolving Disruption brings new risks marketplaces. The plan: Make the software available to other Many leaders across industries are concerned firms to take to their clients and for other types “Anyone who has run a business knows that about the uncertainty that change brings. In of companies to use it themselves. changing things is one of the most difficult a recent Forbes Insights survey, a majority of things you can do,” said Newman, associate executives perceived innovation by established For instance, EisnerAmper partnered with a tech managing partner at accounting firm Anchin, companies and disruption by startups as firm to create software that helps health care Block & Anchin. putting their organizations at great risk in the clients collect receivables. The program, which next five years. EisnerAmper itself uses, relies on big data and Digital technology, changing customer behavior, data analytics to improve clients’ collections new methods of distribution, globalization and New York City accounting firms are increasingly processes. An algorithm, which the software regulation, among other factors, are sweeping on the front lines, helping clients navigate firm developed, is used. many industries, leading to unprecedented rapidly changing industries—and often disruption. overhauling their own operations along the way. That’s just one example of how the firm is turning its ideas into technological products, Millennials’ strong presence in the workplace Charly Weinstein, CEO of EisnerAmper, an such as software.
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CRAIN'S INSIDE CORPORATE ACCOUNTING AND CONSULTING_MECH.indd 1 12/18/18 3:27 PM “We are productizing everything we do,” technological and other changes as a positive wrong spot in the marketplace.” Accounting in the age of disruption Weinstein said, referring to turning knowledge force for the industry. into salable products. Berdon is helping clients assess how to control Accounting firms help clients respond to costs so they can stay competitive. For instance, For clients dealing with complicated revenue change in manufacturing distribution and retail, using recognition regulations, the firm is using IBM’s new logistics technology may reduce the need Watson software to go through key documents. Many firms are ramping up their advisory and for personnel. strategic planning services to help clients “The revenue recognition rules are complex anticipate disruption. “If they don’t adapt, they will be left behind,” and affect every business,” Weinstein said. More Fitzgerald said. than a dozen factors are involved in determining At accounting and advisory firm Berdon, many when to recognize revenue, he added. of the middle-market clients face competition Marks Paneth, for instance, has made its internal processes more automated and embraced new document management tools.
“The clients that are less likely to evolve, or that don’t have the money, “As with a lot of things in the business world,” are going to lag behind competitors and find themselves in a wrong Schlisselfeld said, “we all have to learn to adapt to change around us.” spot in the marketplace.” —John Fitzgerald, partner, Berdon Withum is encouraging clients to develop an “innovation mindset” to take advantage of new “Our software uses artificial intelligence to read from big companies that have entered their opportunities, said Bill Hagaman, managing the customer contracts and analyzes how to market, said John Fitzgerald, a partner and partner and CEO of the accounting, tax and recognize revenue against those dozen factors,” executive committee member at the firm. wealth management firm. Weinstein said. “A lot of our strategic meetings are to try to “Their challenges are the same as ours: To implement the AI technology, EisnerAmper’s project where this disruption and those threats Technology continues to disrupt them,” team had to become proficient in using it— are coming from,” Fitzgerald said. Hagaman said. bringing change to how its accountants work. In addition, encouraging clients to embrace new Of course, not every disrupted company is “The technology would have little value without technology is important, he said. eager to change. Accountants often need to the expertise of our technical accountants,” motivate them to rethink their approach. Weinstein explained. “Our clients who are able to adopt technologies faster are going to be able to “They’ve made a lot of money maintaining their Within two or three years, accounting firms stay ahead of some of this,” Fitzgerald said. business the way they have been maintaining will look significantly different, Weinstein said. “The clients that are less likely to evolve, or it,” Hagaman explained. “A lot of them will Although many in the business world fear that don’t have the money, are going to lag continue to do it until the change is very stark changes in how they operate, Weinstein views behind competitors and find themselves in a and apparent.”
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CRAIN'S INSIDE CORPORATE ACCOUNTING AND CONSULTING_MECH.indd 2 12/18/18 3:27 PM INSIDE CORPORATE ACCOUNTING AND CONSULTING The even more flexible workplace
he accounting and work arrangements. Flexibility appeals to both estate group at Marks Paneth. advisory firm Berdon millennials who grew up in a digital world and Tprides itself on being one want to work when and where they want and Given the tough commute many employees of the few firms in the industry to many midlife workers who juggle work and face at a time of aging infrastructure, offering that offers a 35-hour week. family responsibilities. remote work options gives a firm a competitive edge with workers. Berdon has embraced “It’s where the industry is going,” Goodman- teleworking, available to all Stephens said. “The A players are going to “Commuting has gotten worse and worse over employees two days a month, perform even better if you accommodate them.” the years,” Schlisselfeld said. “If they can save and summer Fridays. In the three or four hours a day, it can make a big latter, employees work a One key trend in accounting is embracing “core” difference in the quality of their lives.” compressed workweek and take every other office hours. For instance, workers might have Friday off. They are broken into two groups to make sure the firm always has enough staffing. “The overriding strategy is to work smart. We’re enabling [members “It’s been very well received and an integral part of our work life integration strategy,” said Karen of] our workforce to work wherever they need to be productive and Bennett, director of human resources. meet client needs.” —Rebecca Goodman-Stephens, chief operating officer, Berdon The firm negotiates flexible work arrangements individually. to be available from 10 a.m. to 4 p.m., but they Flexible work arrangements have one historic could start earlier or later and adjust the time challenge: Employees are afraid they will suffer “The overriding strategy is to work smart,” they leave accordingly. a career penalty for using them. Some firms are Chief Operating Officer Rebecca Goodman- trying to debunk that idea by encouraging leaders Stephens said. “We’re enabling [members of] “What we’ve done is replaced the nine-to-five,” on their teams to tap into the arrangements. our workforce to work wherever they need to be said Harriet Greenberg, co-managing partner of productive and meet client needs.” Friedman, a firm that has core hours. At Grassi & Co., Chief Human Resources Officer Jeff Agranoff makes it a point to tell his team Workplace flexibility is a powerful tool in attracting Many firms are offering remote work when he’s leaving early to coach his son’s and retaining employees in an industry once arrangements at unprecedented levels. basketball team. known for tight deadlines and long hours. “Everyone is cognizant of the fact that, “We don’t want our group to present to our In a survey conducted this year, with technology, you can work from your team an image of a partner working 80 hours ConvergenceCoaching found that 96% of house just as well, if not better,” said Abe a week,” he said. “They don’t want to be that accounting firms offer some form of flexible Schlisselfeld, co-partner-in-charge of the real person someday.”
CRAIN'S INSIDE CORPORATE ACCOUNTING AND CONSULTING_MECH.indd 3 12/18/18 3:27 PM The accounting firm of the future
“There will be more changes in the accounting “It’s going to be available to the entire profession in the next three years than in the profession,” said Bill Hagaman, managing prior five,” said Louis Grassi, CEO and managing partner and CEO of Withum. partner of audit, accounting and tax services firm Grassi & Co. “Technology is going to be disruptive, Accounting firms also will look very different in but it’s going to take a profession that many how they staff their teams, said Charly Weinstein, would label boring to a really exciting place.” CEO of EisnerAmper, an audit, accounting, advisory, consulting and tax services firm. Grassi & Co. has data scientists on its staff, and it’s already using artificial intelligence Weinstein said the traditional staffing model, to assist with its audits. Using AI, the firm which relies heavily on junior accountants recently determined that a client had overpaid to do routine work as they learn the field, is ith cyberattacks increasing, many its vendors $778,000, the CEO said. An being replaced. As basic work is automated, he companies are seeking help to keep their investigation by its team found $700,000 of explained, accounting firms will rely more on Wcompany’s data safe. Increasingly they’re that amount constituted true overpayments. experienced subject-matter experts and less on getting help from an unexpected source: their entry-level talent. accounting firm. “When you’re bringing back lost dollars, it’s significant,” Grassi said. To ensure it has a steady pipeline of well-trained Accounting, tax and advisory firm Marks Paneth, for instance, recently partnered with Sylint, a cybersecurity and digital data forensics firm, “There will be more changes in the accounting profession in the next when it introduced a comprehensive suite of cybersecurity and risk mitigation services to help three years than in the prior five.” —Louis Grassi, CEO and managing partner, Grassi & clients protect their financial information. Co.
“We’re working together to train and educate our clients,” said Abe Schlisselfeld, co-partner-in- Meanwhile, Withum is among 40 firms helping professionals, EisnerAmper is expanding its charge of the real estate group at Marks Paneth. the American Institute of Certified Public recruiting to those working in industries outside Accountants and the tech firm CaseWare of accounting, Weinstein said. EisnerAmper Thanks to trends like enhanced cybersecurity, International develop the Dynamic Audit University, he said, is developing new training artificial intelligence and machine learning, Solution. This software will rely on AI and models to bring the recruits up to speed on the the accounting firm of the future will look very machine learning to assist with audits. The goal analytical skills that public accounting needs. different from what it does today—and the of the $50 million initiative: roll out the software change is happening very quickly, many leaders in in two years to the more than 14,000 firms in “We’re thinking through it every day,” accounting say. the country with audit practices. Weinstein said.
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CRAIN'S INSIDE CORPORATE ACCOUNTING AND CONSULTING_MECH.indd 4 12/18/18 3:28 PM
PROFESSIONS LARGEST ACCOUNTING FIRMS
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FOR ALL CRAIN’S LISTS, VISIT CRAINSNEWYORK.COM/LISTS.
50 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P050_CN_20181224.indd 50 12/18/18 4:35 PM PROFESSIONS LARGEST ARCHITECTURE FIRMS This information was first published Aug. 20, 2018. Ranked by number of New York–area architects
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52 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P051_P052_CN_20181224.indd 52 12/18/18 2:40 PM PROFESSIONS LARGEST ENGINEERING FIRMS This information was first published Aug. 6, 2018. Ranked by number of New York–area engineers
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P053_P054_CN_20181224.indd 54 12/18/18 2:43 PM PROFESSIONS LARGEST LAW FIRMS This information was first published Oct. 1, 2018. Ranked by number of New York–area lawyers
SETTING THE BAR GOTHAM GAINS Since 2011, Kirkland & Ellis’ local lawyer count has doubled as the rm’s corporate and securities practice has more than tripled. n just three years, Kirkland & Ellis has grown massively. e Total lawyers Corporate and securities lawyers $190K company, ranked 12th on the 2015 Crain’s list of New York’s larg- 700 SALARY for est law rms, has increased its local lawyer count by 61% to climb 646 into the No. 4 spot. Much of that growth has come in its corporate 600 rst-year associ- Iand securities practice, where Kirkland’s attorney count has nearly dou- ates at nearly all 500 bled in three years. e 110-year-old rm’s expansion in this area is by rms on Crain’s list, the effect of design, said Peter Zeughauser, who chairs the Zeughauser Group legal 400 consultancy. 334 an industrywide “ ere aren’t many rms like Kirkland that are so focused on strategy,” 300 $10,000 bump Zeughauser said. “ eir strategy is three-pronged: private equity, com- 200 plex litigation and restructuring. New York is the heart of these industries, and Kirkland has built a lot of momentum by having everyone row in the 100 same direction. ey’ve been able to substantially outperform the market 0 in terms of revenue and pro t.” 2008 2018 Kirkland’s revenue grew by 19.4% in 2017, according to e American SOURCE: Crain’s research Lawyer, a particularly remarkable increase, given that it was previously $2.7 billion. Zeughauser has heard that a revenue growth rate exceeding CASE KINGS 25% is in the cards for 2018. e rm declined to comment on whether Latham & Watkins was the country’s biggest revenue-generating that prediction will hold, but any further expansion beyond the $3 bil- law rm for three years running, a streak that ended when Kirkland lion threshold will put Kirkland’s performance beyond the reach of most $4.7M & Ellis overtook the rm in 2017. competitors. PROFITS per equity 2017 revenue (in billions) “ ere are very large rms pulling in $800 million to $1 billion in Kirkland & Ellis revenue, and it’ll be almost impossible for them to catch Kirkland,” Ze- partner at Kirkland $3.17 ughauser said. “Is that going to cause rms to consider merging to be in 2017, the competitive? e answer is yes. Firms are realizing that the bell is tolling.” third-highest rate Latham & Watkins in the country and Also stoking speculation of potential mergers is Kirkland’s record of $3.06 a 14.7% increase hiring top private-equity partners away from its rivals. In the wake of from the previous Baker McKenzie such departures, rms have needed to make their own hires and pay big year sums to try to match previous productivity. With new partners earning $2.67 seven gures, there’s a danger of stoking resentment from those making DLA Piper one-thirtieth of that. $2.63 “It creates two di erent kinds of partners,” Zeughauser added. “You Skadden, Arps, Slate, Meagher & Flom don’t have a culture of all partners thinking they’re equals who can per- form at the same level.” $2.58 — GERALD SCHIFMAN SOURCE: The American Lawyer
2018 LAWYER BREAKDOWN, BY PRACTICE AREA 2018 LAWYER BREAKDOWN
2 5 4 PARTNERS ASSOCIATES OF COUNSEL BANKING/COMMERCE BANKRUPTCY CORPORATE/SECURITIES ENTERTAINMENT EXEC. COMP./BENEFITS HEALTH CARE INTELLECTUAL LABOR/EMPLOYMENT PROPERTY LITIGATION REAL ESTATE TAX TRUSTS/ESTATESOTHER
| | BOOK OF LISTS 2019 CRAIN’S NEW YORK BUSINESS 55 P055_P056_CN_20181224.indd 55 12/18/18 3:15 PM %63@ %7(23 3'2%)5 " 5%3@ '8BB ()56%7 %D3( @))7E%5( %D3( )D)@3(1) D% %@6%7 %@4 3@A'2 7(@)E %7') 8A)92 )'')A) )B2 $%'2%@G @)1 3BH48EA43
PROFESSIONS LARGEST LAW FIRMS 2018 LAWYER BREAKDOWN, BY PRACTICE AREA 2018 LAWYER BREAKDOWN 2 5 4 PARTNERS ASSOCIATES OF COUNSELBANKING/COMMERCEBANKRUPTCYCORPORATE/SECURITIESENTERTAINMENTEXEC. COMP./BENEFITSHEALTH CAREINTELLECTUALLABOR/EMPLOYMENT PROPERTY LITIGATION REAL ESTATETAX TRUSTS/ESTATESOTHER %63@ %7(23 3'2%)5 " 5%3@ '8BB ()56%7 %D3( @))7E%5( %D3( )D)@3(1) D% %@6%7 %@4 3@A'2 7(@)E %7') 8A)92 )'')A) )B2 $%'2%@G @)1 3BH48EA43 5CHYQXEd4TXHdd@ABEQ %56D1 H2 EDR0A9 (VAREVd)E`ISd1AFXAQIWdd#VASPEQ $6PF5 H2 7D(92D82H6@0A9 AHIQQd$TVDTSdd4EISDEQ #6@2 $F 0(56880A9 7ACHXEQQd)IUXTSd4TWESdd(AXc & @1 $F I8D70A9
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FOR ALL CRAIN’S LISTS, VISIT CRAINSNEWYORK.COM/LISTS.
56 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P055_P056_CN_20181224.indd 56 12/18/18 3:15 PM Read more about this year’s honorees inside:
Crains_Leading _Women_Legal.indd 1 12/18/18 4:38 PM INDEX OF HONOREES
PAGES 62-63 Jacqueline Bushwack PAGE 68 Doreen Lilienfeld Nina Roket Robin Adelstein Kathleen McLeod Caminiti Susan Frunzi Lynn Loacker Sara Rubenstein Terri Adler Ting Chen Marjorie Glover Elizabeth Sacksteder Meriam Al-Rashid Sylvia Chin Kristin Going PAGES 74-75 Rena Andoh Jennifer Chu Marcia Goldstein Kristen Lonergan PAGES 80-81 Antonia Apps Nancy Chung Elizabeth Gonzalez-Sussman Stacy Louizos Caudia Salomon Michele Arbeeny Anta Cissé-Green Tatiana Gutierrez Paoa Lozano Charan Sandhu Nicole Argentieri Elizabeth Cooper Samaa Haridi Janice Mac Avoy Karen Scanna Sonia Bain Melisande Hill Ayşe Yüksel Mahfoud Kara Schechter-Rakowski Corinne Ball PAGES 66-67 Barbara Mendelson Jodi Schwartz Bonnie Barsamian Magda Cruz PAGE 70 Nancy Mitchell Rebecca Silberstein Laura Barziai Margaret Dale Ellen Holloman Cheryl Eisberg Moin Audrey Sokoloff Lori Bauer Jill Darrow Lenore Horton Una Dean Tanisha James PAGES 76-77 PAGES 82-83 Martine Beamon Margery Neale Elizabeth Brooke Stein Leora Ben-Ami Jennifer Fiorica Delgado Patricia Kantor Myan Denerstein Barbara Kapan Julie North Antonia Stolper Lynda Bennett Inosi Nyatta Christine Swanick Andrea Bierstein Therese Doherty Michelle Kelban Jennifer Ezring Nancy Kestenbaum Melissa Osipoff Carolyn Vardi PAGES 64-65 Lucy Fato Jamie Kocis Donna Parisi Elise Wagner Frances Bivens Angea Fernandez Marcia Paul Kim Walker Kimberly Brown Backlow Meanie Figueroa PAGE 72 Lisa Pensabene Carolyn Walker-Diallo Elise Bloom Barbara Finkelstein Cheryl Korman Naomi Waltman Eleanor Lackman PAGES 78-79 Debbie White Susan Bodine Jessica Forbes D. Hara Perkins Lauren Boglivi Katherine Forrest Jessica Lee Nancy Wolff Jiyeon Lee-Lim Lisa Radetsky Diana Wollman Stephanie Breslow Mary Beth Forshaw Stacey Rappaport Erica Buckley Helene Freeman Lori Lesser Jennifer Yount Jamie Levitt Rebecca Rettig Susanna Buergel Ricki Roer
Lowenstein Sandler congratulates our partners, Lynda A. Bennett and Jennifer Fiorica Delgado, on being named to Crain’s distinguished roster of 2019 Notable Women in Law – New York.
Lynda A. Bennett Jennifer Fiorica Delgado Partner; Chair, Insurance Recovery Group Partner, Capital Markets Litigation
Lowenstein’s steadfast commitment to opportunities and advancement for women includes focused employee resource groups, equitable benefits and services to facilitate work-life balance, and dedicated mentorship and sponsorship to support a diverse and inclusive workplace.
NEW YORK PALO ALTO NEW JERSEY UTAH WASHINGTON, D.C. © 2018-2019 Lowenstein Sandler LLP
58
Crains_Leading _Women_Legal.indd 2 12/18/18 4:38 PM CONTENTS
Nina Roket Sara Rubenstein 60 Elizabeth Sacksteder
PAGES 80-81 Women’s Caudia Salomon voices on Charan Sandhu Karen Scanna gender parity 84 Kara Schechter-Rakowski Jodi Schwartz Female Rebecca Silberstein Audrey Sokoloff litigators fi nd
PAGES 82-83 their voices Elizabeth Brooke Stein Antonia Stolper 86-87 Christine Swanick Carolyn Vardi The path to Elise Wagner Kim Walker success Carolyn Walker-Diallo Naomi Waltman Debbie White Nancy Wolff Diana Wollman Jennifer Yount
th est Real Estate Law ew Y k τƋääÁě#äÁěτƋä äÁě #äÁě ͳgÚőĩÙäŅ̠̞̟̦ʹͳgÚőĩÙäŅ ̠̞̟̦ʹ • Financing • Development • Tax Certiorari & Land Use • Public Finance • Liens & Foreclosures • Redevelopment • JV & Equity • Workouts Investments • Construction & Restructurings • Acquisitions • Leasing • Litigation ̮ & Sales
Congratulations to our Partner and Chair of Windels Marx Women, Michele Arbeeny, and to all of the accomplished women lawyers recognized by Crain’s Notable Women in Law. T: 212.237.1024 E: [email protected]
windelsmarx.com Twitter @WindelsMarx NEW YORK, NY NEW BRUNSWICK, NJ MADISON, NJ STAMFORD, CT
59
Crains_Leading _Women_Legal.indd 3 12/18/18 4:38 PM Women’s voices on gender parity
Any female awyer who juggles family and career will gain new respect for the 2000 ATTORNEYS | 38 LOCATIONS WORLDWIDE ˚ early years of U.S. Supreme Court Justice Ruth Bader Ginsburg, chronicled in the 2018 documentary RBG. One of nine women in a cass of more than 500 at Harvard Law School in 1956, Ginsburg was the first female member of the Harvard Law Leadership. Vision. Dedication. Review. She was caregiver for a two-year-old daughter and her husband Marty, Greenberg Traurig congratulates our own Barbara Kaplan and Kristen Lonergan who was undergoing cancer treatment. Let that sink in for a moment: Harvard Law. on their recognition as two of Crain’s Notable Women in Law. Toddler. Husband with cancer.
Lawyers today rely on a formal support to partnership and leadership slots indus- with reatively equal compensation, billing Your vision and commitment to clients, colleagues, and the community has earned system that includes family leave and part- trywide as “women help women expand rates, and hours worked as associates—but time work, and the career/family juggle is far opportunities for advancement. Some of it is ater fail to reach senior ranks in greater you the respect as trusted leaders and role models. Quote easier than in Ginsburg’s day. But the legal business referrals, because women need to numbers. industry still struggles with a ack of female be able to bring in business.” Source awyers in senior partnership and aw firm In response, the American Bar Association governance roles; the issues of retention and The awyers on this year’s list are passionate in 2017 aunched a two-year initiative to pay equity; and the paucity of female litiga- about opening doors to career and client research possible contributing factors to tors who take the lead chair at trials. development opportunities. “Female attor- the steady loss over time of experienced neys need to be given the same opportuni- female awyers at aw firms. The ABA’s goal The fight for gender parity is dear to many ties as men. If that happens, then women will is to make empirically based recommenda- of the 114 women who grace the 2019 list of knock those opportunities out of the park,” tions for policies that promote retention and Notable Women in Law. Like Ginsburg, these writes one honoree. eliminate the attrition gender gap. attorneys juggle distinguished careers, fami- ly, exceptional civic activities—and are steely Another called for aw firm clients to be Those are issues that already are being tack- warriors against gender discrimination. change agents by ensuring women “are in led by the women on our list, 39% of whom the room where business is awarded.” Writes hold governance roles such as practice “Change must start at the top. To take a a third honoree: “Educate men about the leader chair or co-chairs, a committee seat page from the Notorious RBG, advancement importance of sponsoring and mentoring or an executive committee member. These opportunities will expand for all female women. They need to ask themselves ‘when leadership positions matter. Compensation awyers when managing partners and other I go to a pitch, do I only bring people who and promotion decisions are made by aw- management positions in aw firms are filled look like me?’ If the answer is yes, they need yers who hold governance committee seats. by women,” noted one of women on this to change that.” year’s list. The NAWL report notes that women make Attorneys also called for better support of up 25% of firm governance roles, 22% of firm- That comment was one of many insightful the career/family juggle. “Many new mothers wide managing partners, 20% of office-level points made in response to a request Crain’s struggle with continuing their careers and managing partners and 22% of practice made to this year’s cass: Anonymously being home. A aw firm that is more flexible group leaders. Those statistics represent identify one change the legal profession can with facetime and focuses on productivity progress, but they are not 50%. As NAWL make to expand advancement opportunities and outcome will be more successful in says, “the numbers still ag behind the repre- for female awyers. Among their candid rec- retaining the talent they originally hired,” sentation of women in the legal profession ommendations, these attorneys stress that writes one honoree. Law firms and corporate as a whole.” it’s all about the numbers. legal departments, adds another, “should seek ways to permit flexible hours and the With so many of the female legal luminaries “Even though my firm makes efforts towards ability to work from home so that working on this year’s list pushing for change, those diversity and inclusion, I am often the only mothers can remain on partnership tracks or statistics are sure to improve. These women female partner in discussions and in the earn career advancement.” have strong ideas about how to fix what’s office practice group,” writes one awyer. “We broken. In the words of one of our Crain’s need to do better encouraging women to These sentiments are born from statistics honorees, “women must rise to the top and stay at Big Law by supporting their choices.” that highlight the pressing need for improve- break through the cycle of underrepresen- Adds another: “Set parity goals and make ment. Data still shows that fewer women tation to become aw firm leaders, general Greenberg Traurig is committed to its women lawyers’ success, which includes a firmwide women’s affinity group encompassing than men become equity partners and get counsels and CEOs to truly achieve parity.” aw firm and practice leaders accountable recruiting, retention, and business development. The firm regularly collaborates with like-minded organizations to address for achieving them for mid-level and senior elected to aw firm leadership positions. associates; partnership elevations; partner ••• these issues on a broader scale in a variety of industries and communities. Greenberg Traurig also takes thoughtful action In its 2018 Survey on the Retention and Pro- retention; partner compensation; and credit The profiles in this report are drawn from to address issues such as maintaining a healthy work-life balance, breaking the glass ceiling, mentoring, taking charge of for contributions.” motion of Women in Law Firms, the National submitted nomination materials as well as Association of Women Lawyers reported from Crain’s New York Business editorial. No your health, and giving back to the community. At Greenberg Traurig, Shareholder Barbara that females comprise 47% of associates but awyer paid to be featured. The 2019 list of Kapan calls her firm a meritocracy where only 30% of non-equity partners and 20% Notable Women in Law celebrates an ex- 21% of executive committee members are of equity partners, figures that have barely ceptional pool of talented female attorneys Greenberg Traurig, LLP | MetLife Building | 200 Park Avenue | New York, NY 10166 | 212.801.9200 | www.gtlaw.com female. “But it’s not enough,” said Kapan. budged in the past decade. As in previous in the New York City metropolitan area. “There are still too few women.” Kapan NAWL surveys, women start off in essentially Please join us in congratuating an believes more female attorneys will advance equal numbers as men at the entry level— outstanding 2019 cass. Greenberg Traurig is a service mark and trade name of Greenberg Traurig, LLP and Greenberg Traurig, P.A. ©2018 Greenberg Traurig, LLP. Attorneys at Law. All rights reserved. Attorney advertising. Contact: Stephen L. Rabinowitz in New York at 212.801.9200. °These numbers are subject to fluctuation. 31691 60
Crains_Leading _Women_Legal.indd 4 12/18/18 4:38 PM 2000 ATTORNEYS | 38 LOCATIONS WORLDWIDE ˚
Leadership. Vision. Dedication.
Greenberg Traurig congratulates our own Barbara Kaplan and Kristen Lonergan on their recognition as two of Crain’s Notable Women in Law.
Your vision and commitment to clients, colleagues, and the community has earned you the respect as trusted leaders and role models.
Greenberg Traurig is committed to its women lawyers’ success, which includes a firmwide women’s affinity group encompassing recruiting, retention, and business development. The firm regularly collaborates with like-minded organizations to address these issues on a broader scale in a variety of industries and communities. Greenberg Traurig also takes thoughtful action to address issues such as maintaining a healthy work-life balance, breaking the glass ceiling, mentoring, taking charge of your health, and giving back to the community.
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Greenberg Traurig is a service mark and trade name of Greenberg Traurig, LLP and Greenberg Traurig, P.A. ©2018 Greenberg Traurig, LLP. Attorneys at Law. All rights reserved. Attorney advertising. Contact: Stephen L. Rabinowitz in New York at 212.801.9200. °These numbers are subject to fluctuation. 31691
CN018942.indd 1 12/13/18 11:52 AM ROBIN TERRI ADLER ADELSTEIN Managing partner In 1886, New York State Head of antitrust DUVAL & and competition STACHENFELD admitted the fi rst woman, NORTON ROSE ••• FULBRIGHT At Duval & Kate Stoneman, to its ••• † Stachenfeld, bar association Before joining Terri Adler over- Norton Rose sees one of the Fulbright, Robin argest real estate practice groups in Adelstein served as a key legal official New York City. During a career that for arge-scale firms including health has spanned more than two decades, MERIAM RENA ANDOH care giant Novartis and alcohol AL-RASHID Partner Adler has gained a range of expertise SHEPPARD beverage leader Diageo. She brings Partner in the real estate field, with a partic- DENTONS MULLIN this wealth of experience to her work uar focus on complex joint ventures ••• ••• with the firm, where she litigates and corporate transactions. Adler As a member of Along with complex commercial disputes, cass founded the women’s initiative at Dentons’ litiga- her role as a actions and multi-jurisdictional cases Duval & Stachenfeld and is actively tion and dispute member of the before U.S. federal and state courts. involved in mentoring and assisting resolution prac- business trials Companies trust Adelstein to advise young female attorneys both within tice group, Meriam Al-Rashid focus- practice group, Rena Andoh counsels them on antitrust issues arising in and outside her firm. She reguarly es on public international aw and clients on practical and legal issues mergers and acquisitions, joint ven- speaks on women’s issues in the legal investment, commercial arbitration reating to forensic preservation and tures and trade association activities. and real estate industries and is a and risk management. Her interna- analysis of electronic devices. Her Adelstein also shares her knowledge member of WX New York Women tional practice has included arbitra- broad-ranging litigation practice has as a frequent speaker at summits and Executives in Real Estate. tions before the International Centre given her substantial trial and arbi- panel discussions focused on health for Dispute Resolution, London Court tration hearing experience, including care and life sciences. of International Arbitration, United acting as lead counsel in complex Nations Commission on International commercial matters. Her clients have Trade Law and International Chamber included firms in the entertainment, If clients retain women as of Commerce. Al-Rashid shares her financial, manufacturing, technol- experiences as an adjunct profes- ogy and pharmaceutical industries. the lead attorney on matters, it will sor of aw at Fordham Law School Recently, Andoh was named vice- directly result in women attaining teaching investment arbitration. Her chair of Sheppard Mullin’s firmwide pro bono legal activities include work diversity and inclusion committee, a more power within law fi rms, which for Human Rights Watch regarding group that gives attorneys of color a will, in turn, fundamentally alter the proposed rules on crimes against forum to address issues of interest within the firm and the broader legal * humanity and the Iraqi Refugee legal landscape on diversity.” Assistance Project in their efforts to community. resettle refugees.
ANTONIA APPS MICHELE NICOLE SONIA BAIN Partner ARBEENY ARGENTIERI Partner MILBANK TWEED Partner Partner BRYAN CAVE HADLEY & WINDELS O’MELVENY LEIGHTON MCCLOY PAISNER MARX LANE & ••• ••• MITTENDORF ••• A skilled litigator A former fed- ••• Sonia Bain is a and former fed- eral prosecutor Michele Arbeeny transactional eral prosecutor, and auded concentrates her commercial real Nicole Argentieri trial attorney, practice on real estate awyer advises corporations, board members Antonia Apps represents financial estate finance, municipal finance and who represents developers, retail and executives on internal investi- institutions, corporations and exec- trade finance transactions. Arbeeny companies, andlords and tenants, gations, criminal defense, reguatory utives in a range of reguatory en- maintains a successful track record of hotel groups and family offices. Bain compliance and reated civil litigation. forcement proceedings, white-colar representing financial institutions and is an expert in matters ranging from Since joining O’Melveny earlier this criminal investigations and complex nonprofits in all aspects of secured acquisitions, dispositions and devel- year, Argentieri has amassed a growing commercial litigation. She also advises and unsecured financing, including opment to the financing and leasing list of high-powered clients. During hedge funds on securities trading and acquisition loans, construction loans of numerous types of commercial her decade-long tenure as an assis- compliance matters. Prior to joining and revolving and term loans. She real estate assets. She is a frequent- tant U.S. attorney, Argentieri led and Milbank in 2014, Apps spent more also represents financial institutions ly sought-after speaker, moderator supervised complex investigations and than seven years as an assistant U.S. and developers in affordable housing and panelist on topics reated to the prosecutions, including a civil rights attorney, where she led some of the transactions. In 2017, Arbeeny spear- real estate industry. A passionate case charging a Bureau of Prisons government’s highest-profile securi- headed the formation of Windels Marx supporter of fostering the success lieutenant with the repeated sexual ties fraud and insider trading cases. Women, a group of legal professionals of talented women in the workforce, assault of a female inmate under his Apps also teaches a course on white who organize around business de- Bain also co-chairs the WX Mentor- supervision. She has also lectured colar criminal aw and procedure at velopment, networking and mento- ing Committee, an organization that at Columbia University Law School, Harvard Law School and is a frequent ring opportunities. She was also the promotes and supports women in where she co-taught two courses on speaker and commentator on white leading force behind the firm’s estab- commercial real estate. federal litigation and federal criminal colar and securities enforcement lishment of a schoarship devoted to prosecutions. issues. advancing diversity in aw schools and the workpace. 62 *Response from a poll sent to all honorees Source: †New York State Bar Association Committee on Women in the Law
Crains_Leading _Women_Legal.indd 6 12/18/18 5:08 PM CORINNE BALL BONNIE Clients need to push for diverse Partner BARSAMIAN JONES DAY Partner representation. If clients insisted on ••• DRINKER BIDDLE equality in representation and leadership Corinne Ball ••• has nearly four Bonnie in law fi rms, the entire profession decades of Barsamian has would change nearly overnight.”* experience in spent nearly 30 the fields of years as a trust- business finance and restructuring. ed adviser to public and private com- At Jones Day, she co-leads the New panies, boards of directors, C-suites RENA ANDOH LAURA LORI BAUER York office’s business restructuring and financial institutions in complex Partner BARZILAI Office managing SHEPPARD and reorganization practice, along transactional and governance matters. Partner principal MULLIN with the European distress investing Her experience ranges from securities SIDLEY AUSTIN JACKSON LEWIS ••• and alternative capital initiatives. Ball offerings to cross-border mergers and ••• ••• Along with worked extensively on the city of acquisitions. A seasoned counselor on Laura Barziai After 30 years her role as a Detroit restructuring, which followed federal securities aws, Barsamian ad- puts her more with the firm member of the her leading a team of attorneys vises clients on SEC reporting matters, than 30 years and nine years business trials representing Chrysler in its successful rule-making initiatives, compliance of industry as the office’s practice group, Rena Andoh counsels Chapter 11 reorganization. Ball is also and best practices. In June 2016, her experience to work as a transactional litigation manager, Lori Bauer be- clients on practical and legal issues a force for change in her community. work was recognized by President and tax controversy awyer at Sidley came managing principal of Jackson reating to forensic preservation and She was recognized with a Human Barack Obama, who nominated her Austin, where she co-leads the firm’s Lewis’ New York office in 2018. Her analysis of electronic devices. Her Reations Award from the Anti-Defa- to serve on the board of the Securi- global tax practice and is a member extensive experience includes coun- broad-ranging litigation practice has mation League for her commitment ties Investor Protection Corporation, of the executive committee. Her seling management on a variety of given her substantial trial and arbi- to fighting anti-Semitism, racism and an organization that provides limited clients include Fortune 100 compa- employment matters and handling tration hearing experience, including all forms of bigotry. coverage to investors on their broker- nies, banks, insurance companies and litigation disputes on behalf of em- acting as lead counsel in complex age accounts if their brokerage firm private equity and sovereign wealth ployers before administrative agen- commercial matters. Her clients have becomes insolvent. funds. Her practice is argely devoted cies and state and federal courts. As included firms in the entertainment, to federal income tax matters, advis- part of her practice, she is a skilled financial, manufacturing, technol- ing clients in the areas of domestic defender of employers in single ogy and pharmaceutical industries. Make mentoring and business and cross-border mergers and acqui- and multi-paintiff actions involving Recently, Andoh was named vice- development opportunities available sitions, joint ventures and restructur- caims of discrimination, wrongful chair of Sheppard Mullin’s firmwide ings. Barziai is also a member and discharge and reated tort caims. She diversity and inclusion committee, a to associates at an earlier stage in the previous New York chair of the is also a dedicated member of the group that gives attorneys of color a their career and encourage them firm’s Committee on Retention and American Bar Association and the forum to address issues of interest Promotion of Women. New York Bar Association. within the firm and the broader legal to take advantage of these community. opportunities.”*
SONIA BAIN MARTINE LEORA LYNDA ANDREA Partner BEAMON BEN-AMI BENNETT BIERSTEIN BRYAN CAVE Partner Partner Partner Shareholder LEIGHTON DAVIS POLK & KIRKLAND & ELLIS LOWENSTEIN SIMMONS HANLY PAISNER WARDWELL ••• SANDLER CONROY ••• ••• ••• ••• Leora Ben-Ami Sonia Bain is a Martine Beamon counsels her cli- With more than Andrea Bierstein transactional has successfully ents in all areas 20 years of com- has more than commercial real represented her of technology, mercial litigation three decades estate awyer clients in their most critical situations including biotechnology, medical de- experience, Lynda Bennett litigates, of legal experience and is recog- who represents developers, retail as part of Davis Polk’s litigation de- vices, pharmaceuticals and chemistry, negotiates and resolves complicated nized as one of the premier appelate companies, andlords and tenants, partment. In the wake of the #MeToo mechanical devices and electronics. disputes with insurers. As chair of the brief-writers and oral advocates in the hotel groups and family offices. Bain movement, she has worked with She has tried a number of jury trials insurance recovery group, she ob- nation. In her position with the com- is an expert in matters ranging from boards, companies and individuals in as lead counsel and has extensive ap- tains significant recoveries for clients plex litigation department, she fo- acquisitions, dispositions and devel- highly sensitive, confidential inves- pelate experience, including arguing in environmental, asbestos, product cuses her practice on pharmaceutical opment to the financing and leasing tigations reated to alleged sexual before the U.S. Court of Appeals for liability and professional liability and commercial litigation, consumer of numerous types of commercial misconduct and sexual harassment. the Federal Circuit. Her work in the cases. She is a trusted counsel to her protection cass actions and environ- real estate assets. She is a frequent- Committed to advancing women in field has led to her recognition by a clients with respect to contractual mental aw. She has secured millions ly sought-after speaker, moderator the legal profession, Beamon was number of respected organizations, insurance requirements, new insur- of dolars on behalf of her clients and panelist on topics reated to the a founding member of Davis Polk’s including The American Lawyer and ance products, innovative risk-man- over the years, including a $32 million real estate industry. A passionate affinity group for women, DPWomen, The National Law Journal. She fre- agement tools and insurance program settlement for a medical manufactur- supporter of fostering the success which provides networking, mento- quently speaks at conferences and assessment. Bennett reguarly advises er. She is also a former aw professor of talented women in the workforce, ring, career development and lead- seminars on patent aw, including strategic acquirers and private equity and designed and taught an annual Bain also co-chairs the WX Mentor- ership opportunities for the firm’s talks at the New Jersey Intellectual funds regarding insurance coverage civil litigation clinic and second-year ing Committee, an organization that women awyers. She is also a global Property Association and the Sedona issues that arise in acquisition and aw courses at Western New Engand promotes and supports women in advisory board member of the Wom- Conference. investment transactions. Bennett also College Law School. commercial real estate. en in Law Empowerment Forum. founded the Lowenstein Sandler’s Women’s Initiative, a grassroots pro- gram designed to empower the firm’s women awyers. 63
Crains_Leading _Women_Legal.indd 7 12/18/18 4:38 PM FRANCES KIMBERLY BIVENS BROWN Hon. Sonia Sotomayor Partner BLACKLOW DAVIS POLK & Partner was the fi rst Hispanic (man or woman) WARDWELL CLEARY ••• GOTTLIEB STEEN appointed to the federal bench As part of Davis & HAMILTON † ••• in New York. Polk’s litigation department, Since joining Frances Bivens reguarly acts as lead Cleary Gottlieb counsel in a broad range of high- in 1994, Kimberly Brown Backlow has stakes commercial litigation matters served her clients in real estate and ELISE BLOOM SUSAN other asset-based finance transac- Partner BODINE in courts around the country and ar- PROSKAUER tions, as well as structured finance Partner bitrations across the globe. She puts ROSE COWAN DEBAETS her electrical engineering degree and capital markets transactions in ••• ABRAHAMS & to work by specializing in litigation both the U.S. and abroad. She reguarly With a career SHEPPARD ••• involving complex technical issues. represents both lenders and borrow- spanning more Bivens is also committed to pro bono ers in intercreditor agreements, credit than 30 years, Susan Bodine work and recently colaborated with tenant lease financing and other types Elise Bloom is the go-to the Office of the Public Defender of financing transactions. She is also is an employment awyer known representative in the Eastern District of New York well-versed in matters involving real for handling high-profile cases on of a diverse clientele in the motion to address sexual assaults against estate acquisitions and joint ventures. behalf of some of the nation’s most picture, television and digital media female detainees. Additionally, she In addition to her reguar practice, prominent companies. Over the industries as co-head of the firm’s is a member of Brown University’s Backlow has significant pro bono ex- course of her career, Bloom has entertainment group. As part of her Advisory Council on Diversity and the perience, including guiding the Lower represented more companies in cass practice, she counsels those clients Lawyers’ Committee for Civil Rights Manhattan Cultural Council in estab- actions challenging interns, trainees in all phases of development, fi- Under Law’s Board of Directors. lishing The Arts Center at Governors and volunteers than any firm in the nance, production and distribution Isand in New York City. country, and her precedent-setting of movies, television programs and argument on behalf of Fox Search- new media properties. She is also light Pictures helped determine the committed to pro bono work and O er fl exibility for women standard for evaluating the legality recently handled an asylum case on of unpaid internships. Outside of behalf of an African immigrant for the to resume a ‘partnership track’ career path Proskauer, Bloom is a board member Hebrew Immigrant Aid Society, an or- after having children, so that having of the Women in Law Empowerment ganization serving refugees and other Forum, a patform that educates and dispaced persons around the world. and raising children does not mean provides networking opportunities She also provides pro bono services women must sacrifi ce their for women in aw. to entrepreneurs and artists through * her involvement with the IFP Made career objectives.” in NY Media Center and Creative Capital.
LAUREN STEPHANIE ERICA SUSANNA BOGLIVI BRESLOW BUCKLEY BUERGEL Partner Partner Partner Partner PROSKAUER SCHULTE ROTH NIXON PEABODY PAUL WEISS ROSE & ZABEL ••• RIFKIND ••• ••• WHARTON & Erica Buckley GARRISON Having spent As co-head of leads the co- ••• her entire the investment operatives and Susanna Buergel legal career at management condominium is a sought-af- Proskauer, Lauren Boglivi has devel- group and a member of the ex- practice at Nixon Peabody, where she ter litigator for complex securities oped a successful transactional prac- ecutive committee and operating oversees transactional matters and and financial services litigation and tice on behalf of companies, private committee, Stephanie Breslow government investigations involving reguatory matters. Co-chair of the equity sponsors and family offices. maintains a diverse practice that real estate securities. An expert on firm’s preeminent securities litigation Her array of experience includes includes investment management the Martin Act, a New York blue-sky and enforcement group, Buergel also handling mergers and acquisitions, and partnerships and securities. She aw that governs real estate securities, has extensive intellectual property buyouts and reated financings, joint also co-heads a team of cross-prac- Buckley’s clients range from prom- experience, counseling and litigat- ventures and growth and seed in- tice awyers that advise private inent New York City developers to ing on behalf of clients in copyright, vestment. Foreign private issuers and investment funds and other investors startup nonprofits. Drawing on her trademark and patent disputes. U.S. public companies rely on Boglivi on the implications of sponsoring experience as former chief of the Buergel has also been a involved in to manage their SEC compliance initial coin offerings, conducting Real Estate Finance Bureau, Buckley a number of pro bono matters in the matters. Outside of her cutting-edge transactions involving cryptocurren- advises clients on meeting reguatory city. At Paul Weiss, she supervises a legal work, Boglivi sits on the board cies and managing and investing in requirements while minimizing risk team that helps transgender New of Women in Need, an organization funds that involve cryptocurrencies. to their properties. Buckley is also Yorkers file petitions to change their that helps homeless women and Highly involved in the New York City credited with establishing the legal names legally. Over the past two children in New York City succeed community, Breslow is a member of department at the Urban Homestead- years, the team has been responsible on their own by providing them with the board of trustees of the Joyce ing Assistance Board, a nonprofit that for assisting more than 40 individuals housing, services and programs. Theater and a member of the Board helps create and support self-help with these name change petitions. of Visitors of Columbia Law School. housing.
64 *Response from a poll sent to all honorees Source: †New York Women’s Bar Association
Crains_Leading _Women_Legal.indd 8 12/18/18 4:38 PM JACQUELINE KATHLEEN Women must break through BUSHWACK MCLEOD Partner CAMINITI the cycle of underrepresentation to RIVKIN RADLER Partner ••• FISHER PHILLIPS become law fi rm leaders, general counsels Jacqueline ••• and CEOs in order to truly Bushwack has In her position achieve parity.”* successfully de- as co-chair of fended universi- Fisher Phillips’ ties, pharmaceutical companies and pay equity practice group, Kathleen hospitals in a variety of suits alleging Caminiti is a skilled litigator in em- SUSAN TING CHEN SYLVIA CHIN liability, malpractice and vioations of ployment matters ranging from indi- BODINE Partner Partner/of counsel Partner abor aw. Along with a proficiency in vidual paintiff discrimination caims CRAVATH, WHITE & CASE COWAN DEBAETS managing all phases of discovery and to wage and hour cass and collective SWAINE & ••• MOORE ABRAHAMS & trial preparation—frequently leading actions. She has successfully defend- With consider- SHEPPARD ••• to clients obtaining dismissals ed her clients in cases alleging civil able experience ••• Ting Chen before trial or favorable jury ver- rights vioations, discrimination, sex- in corporate Susan Bodine advises clients dicts—Bushwack maintains a stel- ual harassment and whistleblowing. and commer- is the go-to on mergers and ar track record of resolving cases She also assists clients in their liability cial financing, representative acquisitions, through mediation. She is also active prevention efforts by conducting Sylvia Chin is known for her ability to of a diverse clientele in the motion corporate governance and activism in the American Bar Association, employee training, preparing hand- propose creative solutions for unique picture, television and digital media and takeover defense as part of where she co-chairs the Work/Life books and implementing policies. situations. Her practice involves nav- industries as co-head of the firm’s Cravath’s corporate department. In Management Sub-Committee. A Recognized as an authority on issues igating complicated transactions in entertainment group. As part of her recent years, Chen has served as a respected author, Bushwack’s most surrounding abor aw, Caminiti is capital markets, project financing and practice, she counsels those clients valuable asset to Kraft in the spinoff recent book, “Her Story: Lessons in frequently quoted by major media equipment leasing. Chin is a dedicat- in all phases of development, fi- of its $30 billion North American Success from Lawyers Who Live It,” outlets and has published numerous ed member of a number of profes- nance, production and distribution grocery business, DreamWorks was published in May 2017. articles that have appeared in The sional organizations. She chairs the of movies, television programs and Animation in its $4.1 billion sale to New York Law Journal, New Jersey First Judicial District of the New York new media properties. She is also Comcast, British American Tobacco in Business, New Jersey Lawyer Maga- Bar Foundation and serves as presi- committed to pro bono work and its $97 billion merger with Reynolds zine and Practical Law Institute. dent of the Asian American Law Fund recently handled an asylum case on American and The Washington Post’s of New York. She is also focused on behalf of an African immigrant for the sale of its newspaper publishing guiding the next generation of legal Hebrew Immigrant Aid Society, an or- businesses to Jeff Bezos. Among her professionals, teaching as an adjunct ganization serving refugees and other Diversity and inclusion other notable past clients, Chen has associate professor at Fordham dispaced persons around the world. represented high-profile companies programs must have genuine University School of Law and She also provides pro bono services including Starbucks, Goldman Sachs, frequently lecturing on corporate to entrepreneurs and artists through support from the top in order BDT Capital Partners and IBM. finance topics. her involvement with the IFP Made to succeed.”* in NY Media Center and Creative Capital.
SUSANNA JENNIFER CHU NANCY ANTA CISSÉ- ELIZABETH BUERGEL Partner CHUNG GREEN COOPER Partner DEBEVOISE & Partner Associate general Partner PAUL WEISS PLIMPTON SIDLEY AUSTIN counsel SIMPSON RIFKIND ••• ••• NYU LANGONE THACHER & WHARTON & Jennifer Chu is MEDICAL BARTLETT GARRISON Nancy Chung CENTER ••• ••• a key member has more than ••• In her more of the firm’s 20 years of Susanna Buergel At NYU Langone, than two mergers and ac- experience is a sought-af- Anta Cissé-Green decades at quisitions and private equity groups, handling complex disputes and ter litigator for complex securities is responsible for advising the devel- Simpson Thacher & Bartlett, Elizabeth where she advises corporations and investigations and crisis management and financial services litigation and opment department on agreements Cooper has built a diverse practice private equity firms in mergers and situations. As co-head of the firm’s lit- reguatory matters. Co-chair of the for gifts and bequests, trust and focused on mergers, acquisitions acquisitions, joint ventures and other igation group, her caseload includes firm’s preeminent securities litigation estate administration and nonprofit and other corporate transactions. corporate matters, with a particuar commercial, white-colar criminal and enforcement group, Buergel also legal and taxation issues. She is also A member of the firm’s corporate focus on transactions in the health defense, securities and bankruptcy has extensive intellectual property an active member of her communi- department, Cooper reguarly rep- care and insurance industries. Chu litigation matters for financial insti- experience, counseling and litigat- ty, serving as vice president of pro- resents private equity sponsors in actively speaks and publishes on tutions and asset management firms ing on behalf of clients in copyright, grams for the Metropolitan Back Bar a broad range of investments, joint mergers and acquisitions, private with a global footprint. She is a trust- trademark and patent disputes. Association and as a member of the ventures, recapitalizations and other equity and health care topics. Out- ed adviser for leading investment Buergel has also been a involved in advisory council for the Foundation business combination transactions. side of the firm, Chu serves on the funds and global financial institutions a number of pro bono matters in the for Letters, a nonprofit that promotes Her work in the field has been widely board of Practicing Attorneys for Law in managing and assessing their city. At Paul Weiss, she supervises a improved college access by provid- recognized by leading publications, Students, a nonprofit focused on litigation risks. Her experience in the team that helps transgender New ing urban schools with a range of and she was recently named Private creating opportunities for minority field and positive results for clients Yorkers file petitions to change their academic and enrichment programs. Equity Lawyer of the Year at The aw students and early career awyers, have earned her the honor of a names legally. Over the past two She was recently honored by the New Deal Awards. She is also a dedicated where she is also an active partici- 2018 “Rainmaker” by the Minority years, the team has been responsible York Law Journal for her longtime member of the Association of the pant in its mentoring program. Corporate Counsel Association. for assisting more than 40 individuals commitment to providing pro bono Bar of New York City. with these name change petitions. legal services.
65
Crains_Leading _Women_Legal.indd 9 12/18/18 4:38 PM MAGDA CRUZ MARGARET Partner DALE Does your current place BELKIN BURDEN Partner WENIG & PROSKAUER of work have successful diversity GOLDMAN ROSE ••• ••• policies in place?” Response: * Magda Cruz Margaret Dale is 85% Yes, 15% No leads the appel- a versatile first- ate practice at chair litigator Belkin Burden who handles complex business dis- and has payed an instrumental role putes for clients across a variety of in- in its pacement among the top New dustries. She also heads the litigation JILL DARROW UNA DEAN York real estate boutique firms. With Partner Partner department’s data privacy and cyber- KATTEN MUCHIN ROSENMAN FRIED FRANK a career spanning nearly three de- security practice group and reguarly ••• HARRIS SHRIVER cades, Cruz specializes in real estate & JACOBSON handles reguatory investigations At Katten, Jill Darrow is the leader matters, contract disputes and com- ••• and cass action awsuits stemming of the firm’s New York transactional plex litigation matters. Outside of her A distinguished from data breaches. Dale maintains tax panning practice. Her caseload practice, Cruz is committed to raising former federal an active pro bono practice focusing predominantly involves tax panning funds to support outreach initiatives prosecutor, Una on issues affecting women, children and tax aw, with a focus on partner- to bring cassical music, instrumental Dean represents and veterans. She chairs the Board ship transactions, financial services, instruction and performance oppor- a diverse range of companies, boards of Directors of the Center for Family hedge funds, commodities funds and tunities to emerging young musicians and individuals in internal investiga- Representation, a nonprofit dedi- real estate. Darrow is a trusted re- in underserved communities in New tions including whistleblower com- cated to keeping children out of the source for clients on the tax aspects York City, and she serves on the paints, allegations of harassment and foster care system, and as a member of transactions involving partner- boards of the Chamber Music Center discrimination and caims of corpo- of the Board of Directors of Volunteer ships, limited liability companies and of New York and the Brooklyn Youth rate fraud. She is also a respected Lawyers for the Arts. hedge funds. A sought-after lecturer Music Project. member of the firm’s cybersecurity and author, Darrow reguarly speaks practice, where she routinely advises before industry groups including the companies on compliance with cy- Financial Research Associates and bersecurity reguations, cybersecurity the Practising Law Institute. Darrow is corporate governance, breach pre- also a member of the American Bar paredness, training and cybersecurity Association’s tax section, real estate Do you see technology risk disclosures. Prior to joining Fried and partnership committees. changing your job in the Frank, she served as an assistant U.S. attorney for the Eastern District of near future?” New York, where she investigated and * prosecuted cases involving interna- Response: 58% Yes, 42% No tional money aundering, insider trad- ing, trade sanctions and cybercrime.
JENNIFER MYLAN THERESE JENNIFER FIORICA DENERSTEIN DOHERTY EZRING DELGADO Partner Member Partner Partner GIBSON DUNN & MINTZ CAHILL GORDON LOWENSTEIN CRUTCHER ••• & REINDEL ••• ••• SANDLER Therese ••• After years of Doherty rep- Since joining Jennifer Fiorica serving as a resents banks, Cahill sev- Delgado brings trusted member broker-dealers, en years ago, her extensive experience in a range of Andrew Cuomo’s administration, futures commission merchants and Jennifer Ezring has become a trusted of capital markets disputes to her both in his time as governor and industry executives in complex civil adviser to clients like Bank of Amer- role as a member of Lowenstein’s attorney general, Myan Denerstein litigation, reguatory enforcement ica, Deutsche Bank and Goldman capital markets litigation group. Her joined Gibson Dunn as a partner proceedings and internal investiga- Sachs in the leveraged finance and clients are primarily members of the in 2014. Since that time, she has tions involving securities, futures and asset-based lending arenas. She “buy-side” and include asset man- become a key part of the firm’s derivatives. Leading financial institu- practices across a variety of indus- agers, hedge funds and institutional white-colar defense and investiga- tions also rely on Doherty for assis- tries, including gaming, retail, energy, investors. In addition to her litigation tions, securities litigation, appelate tance in resolving recruitment and media and technology. Along with practice, Delgado devotes a significant and crisis-management practices. other employment-reated disputes. sitting on the firm’s executive com- amount of time to pro bono work. In her various roles, she represents Doherty is a passionate supporter of mittee, Ezring is a key member of its She recently represented a disabled companies on a wide range of legal the New York City-based nonprofit Women’s Initiatives Committee and woman living in public housing who issues involving local, state and fed- First Workings, an organization ded- previously served as a member of the brought disability discrimination eral government. She also maintains icated to helping underserved high- Diversity and Inclusion Committee, caims against the New York City a strong commitment to public ser- school students acquire social capital Associate Development Committee Housing Authority. She is also highly vice and serves as an active member through influential, paid internship and Hiring Committee. She is also a involved with the Financial Women’s of the Association of Back Women opportunities. Over the years, she frequent speaker at industry confer- Association, an organization dedicat- Attorneys. has taken on several interns, provid- ences, most recently those held by ed to developing future leaders in ev- ing students with the opportunity to the Practising Law Institute and the ery sector of the financial community. work in a top Manhattan aw firm. Commercial Finance Association.
66 *Response from a poll sent to all honorees
Crains_Leading _Women_Legal.indd 10 12/18/18 4:38 PM LUCY FATO ANGELA Executive vice FERNANDEZ Does your current place president and Executive director general counsel NORTHERN of work o er su cient work-life AMERICAN MANHATTAN INTERNATIONAL COALITION FOR balance support?” GROUP INC. IMMIGRANT * ••• RIGHTS 97% Yes, 3% No Lucy Fato over- ••• sees more than A first genera- 900 people spanning 50 countries tion immigrant, Angea Fernandez has in her role at AIG. Prior to joining the spent more than 20 years advocat- UNA DEAN MELANIE BARBARA insurer ast year, she held high-rank- ing for human and civil rights in the Partner FIGUEROA FINKELSTEIN FRIED FRANK ing legal positions with firms includ- United States and internationally. Her Partner CEO HARRIS SHRIVER ing Marsh & McLennan and McGraw public interest aw experience began MITCHELL LEGAL SERVICES & JACOBSON Hill Financial. In her time at AIG, Fato in the Middle East, where she investi- SILBERBERG & OF THE HUDSON ••• KNUPP VALLEY has used her corporate governance gated abor aw vioations of workers A distinguished ••• ••• expertise to develop a pan to ensure with the Centre for Human Rights former federal Meanie Figueroa Barbara long-term, sustainable growth for the Legal Aid in Cairo. During her tenure prosecutor, Una is an accom- Finkelstein company and presided over its arg- at the Northern Manhattan Coalition Dean represents plished attorney oversees ev- est acquisition in 15 years. Fato is an for Immigrant Rights, she has helped a diverse range of companies, boards who represents public and private ery aspect of Legal Services of the active member of the Randall’s Isand build city- and statewide coalitions and individuals in internal investiga- companies in securities reguation, Hudson Valley, a provider of free civil Park Alliance, a nonprofit dedicated that have reversed policies that could tions including whistleblower com- mergers and acquisitions and corpo- legal services to almost 600,000 to the care and programming of the potentially be devastating to vulner- paints, allegations of harassment and rate financing transactions. She also low-income individuals in Westches- park and has helped the Alliance able New Yorkers. She also spear- discrimination and caims of corpo- has significant experience represent- ter, Putnam, Dutchess, Orange, Rock- raise more than $4.15 million. headed the first-of-its-kind Women’s rate fraud. She is also a respected ing issuers with all Securities Act and and, Sullivan and Ulster counties. In Studies Program for female detainees member of the firm’s cybersecurity Exchange Act registration statements. the years since Finkelstein joined the at Rikers Isand Correctional Facility. practice, where she routinely advises A member of the firm’s Start ‘n Knupp organization in 1995, Legal Services companies on compliance with cy- team, Figueroa reguarly advises en- of the Hudson Valley’s budget has bersecurity reguations, cybersecurity trepreneurs, startups and other early increased eightfold. Finkelstein, the corporate governance, breach pre- stage companies through the earliest first woman to helm the organization, paredness, training and cybersecurity Did the Kavanaugh stages of corporate formation and has also worked to expand the free risk disclosures. Prior to joining Fried initial capital raising. As a member of services offered to the community; Frank, she served as an assistant U.S. confi rmation process have a the Hispanic National Bar Association create units for domestic violence, attorney for the Eastern District of negative impact on how you and Puerto Rican Bar Association, children’s advocacy and the LGBTQ New York, where she investigated and Figueroa dedicates her time to affect community; and form the Hudson prosecuted cases involving interna- feel about being a lawyer?” positive change in the New York City Valley Justice Center, which serves tional money aundering, insider trad- Response: 30% Yes, 70% No* community and the organizations that immigrants who cannot afford an ing, trade sanctions and cybercrime. empower Latina women. attorney, regardless of their immigra- tion status.
JENNIFER JESSICA KATHERINE MARY BETH HELENE EZRING FORBES FORREST FORSHAW FREEMAN Partner Corporate partner Partner Partner Partner CAHILL GORDON FRIED FRANK CRAVATH SIMPSON PHILLIPS NIZER & REINDEL HARRIS SHRIVER SWAINE & THACHER & ••• ••• & JACOBSON MOORE BARTLETT ••• ••• ••• As a litigator Since joining with more Jessica Forbes After more than Along with her Cahill sev- than 30 years has been a valu- two decades role as a mem- en years ago, of experience, able member at Cravath, ber of the firm’s Jennifer Ezring has become a trusted Helene Freeman focuses her prac- of Fried Frank for more than 30 years. Katherine Forrest was nominated by executive committee, Mary Beth adviser to clients like Bank of Amer- tice on all facets of entertainment, In that time, she has become one of President Barack Obama to serve as a Forshaw handles a wide range of ica, Deutsche Bank and Goldman publishing, the arts and fashion. She the leading reguatory awyers na- U.S. District Judge in 2011. During her litigation matters at Simpson Thacher, Sachs in the leveraged finance and serves as a dependable counsel to tionwide in the private funds space, seven years on the bench, she pre- particuarly in insurance, reinsurance, asset-based lending arenas. She multinational record distributors, with a focus on securities reguation. sided over thousands of criminal and bankruptcy and international arbi- practices across a variety of indus- leading musical groups, film and tele- Forbes demonstrates her expertise civil cases. In 2018, Forrest rejoined tration. Forshaw is highly regarded in tries, including gaming, retail, energy, vision producers, authors and adver- by providing advice on trading and Cravath, where she brings her signif- the field, consistently receiving top media and technology. Along with tising agencies. She reguarly advises credit reguation to hedge funds, pri- icant experience in areas including honors from revered organizations sitting on the firm’s executive com- clients on international transactions vate equity firms, family offices and antitrust, financial services, crypto- including Chambers USA and Bench- mittee, Ezring is a key member of its involving the acquisition of rights in high-net-worth individuals. Within currency and employment matters to mark Litigation. In addition to her Women’s Initiatives Committee and entertainment and media properties. her community, Forbes served for the firm’s litigation department. As an practice, Forshaw devotes a signif- previously served as a member of the Possessing a strong commitment to more than a decade as trustee of the adjunct professor at NYU School of icant amount of time to the Legal Diversity and Inclusion Committee, pro bono work, Freeman serves as Madison Square Boys & Girls Club, Law, Forrest has mentored students Action Center serving as the vice Associate Development Committee chair of the governance committee a Harlem-based organization that and co-taught a course on quantita- chairman of the Board of Directors. and Hiring Committee. She is also a of the Community for Education works to enhance the lives of un- tive methods and the aw. She is also She also sits on the board of the Yale frequent speaker at industry confer- Foundation. She reguarly speaks on der-resourced New York City youth. a reguar lecturer and author on top- Law School Fund, which helps sustain ences, most recently those held by topics covering copyright licensing, ics involving antitrust and intellectual and promote the core functions of the Practising Law Institute and the intellectual property and property. Yale Law School. Commercial Finance Association. entertainment aw.
67
Crains_Leading _Women_Legal.indd 11 12/18/18 4:38 PM SUSAN FRUNZI MARJORIE Partner GLOVER Do you believe that your SCHULTE ROTH & Partner ZABEL NORTON ROSE compensation level is the same as an ••• FULBRIGHT Along with her ••• equally-qualifi ed male lawyer?” * position as a Marjorie Glover Response: 59% Yes, 41% No member of the devotes her firm’s executive practice at committee, Susan Frunzi represents Norton Rose Fulbright to the areas some of the nation’s wealthiest of executive compensation and individuals as part of the individual employee benefits aw, corporate KRISTIN GOING MARCIA Partner client services group at Schulte Roth governance and risk oversight and GOLDSTEIN DRINKER BIDDLE Partner Debevoise congratulates partners & Zabel. Frunzi’s clients, including employment aw. In her position with ••• WEIL GOTSHAL entrepreneurs and investment fund the firm, she advises on employee Kristin Going & MANGES ••• managers, depend on her services benefits and executive compensation helps creditors for their estate panning, charitable issues in domestic and cross-border maximize their Marcia Goldstein Jennifer Chu and Rebecca Silberstein giving, family aw and litigation needs. mergers, acquisitions, private pace- recoveries in has spent more She also develops and implements ments and project financing. She is bankruptcies, than 35 years charitable giving pans and negotiates also a contributing author to high- federal and state court litigation with Weil’s business finance and contributions to nonprofits. Frunzi ly-regarded publications, including a and out-of-court negotiations. With restructuring department. During and all of the talented women leaders selected as is deeply involved in the immediate monthly “Ask the Expert” column for more than two decades of experi- that time, she has honed her skills and greater New York City communi- Employee Benefit Pan Review mag- ence, Going is nationally recognized in domestic and international debt ty. She is a member of The New York azine. Outside of her legal practice, for her work representing financial restructuring and crisis management Crain’s Notable Women in Law New York City Historical Society’s Panned Giving she is an active participant in autism institutions and possesses an in- and has served as lead restructuring Advisory Council and The Rockefeller advocacy group Autism Speaks and depth knowledge of the reguations awyer in a number of major inter- University’s Committee on Trust and the tax section of the American Bar that impact debt securities and the national and U.S. cases. She payed Estate Gift Pans. Association. bond industry. She routinely advises a key leadership role in situations at the Drinker Biddle health care team the epicenter of the financial cri- on restructuring issues impacting sis, including Chapter 11 counsel for the health care industry and has a Washington Mutual and restructuring New York Paris Hong Kong Has the #MeToo movement keen understanding of matters that adviser to AIG. She has also been a a ected the legal profession in terms drive decision-making for health lecturer at Yale, Harvard and Colum- Washington, D.C. Frankfurt Shanghai care clients. In addition to providing bia aw schools and is a frequent of women’s willingness to come practical seminars for clients, Going is speaker at restructuring seminars. London Moscow To k yo forward to report incidences?” a frequent speaker on topics reated to business restructuring at trade and * Response: 74% Yes, 26%, No industry conferences. www.debevoise.com
ELIZABETH TATIANA SAMAA HARIDI MELISANDE GONZALEZ- GUTIERREZ Partner HILL HOGAN LOVELLS SUSSMAN Partner Partner ••• Partner NIXON PEABODY HILL & MOIN OLSHAN FROME ••• Samaa Haridi ••• WOLOSKY The focal point applies her After more ••• of Tatiana experience than a decade As part of Gutierrez’s representing working at Olshan’s corpo- practice is corporations some of the top rate group and a key member of the affordable housing, and in her posi- and financial institutions from across personal injury aw firms in New York firm’s renowned shareholder activist tion at Nixon Peabody, she counsels the globe to her work with clients City, Melisande Hill co-founded Hill & and equity investment practice, developers, investors and housing at Hogan Lovells. Part of the inter- Moin in 1997 with a goal of providing Elizabeth Gonzalez-Sussman coun- authorities on affordable housing national arbitration group, Haridi clients with personalized, results- sels her clients in the areas of corpo- transactions and reguatory issues. reguarly handles commercial and oriented representation. Hill puts her rate and securities aw, mergers and She paves the road for her clients investor-state arbitrations involving more than 35 years of experience to acquisitions, tender and exchange with respect to the HUD reguatory the Middle East. She is a vital mem- work at the personal injury aw firm, offers and shareholder activist situa- process, ensuring that process is as ber of a number of arbitral organiza- where she and co-founder Cheryl tions. She reguarly assists both pub- smooth and predictable as possible. tions, including the ICC International Moin have collectively won more lic and privately held companies in Since beginning her career in afford- Court of Arbitration, the Arbitration than $160 million in verdicts and capital-raising transactions, mergers able housing at the Harrison Institute Committee of the International Bar settlements, handled thousands of and acquisitions, and general cor- for Public aw, Gutierrez has been pro Association and the London Court of cases and more than 250 appelate porate and securities aw matters. In bono counsel for tenant associations International Arbitration (LCIA) Arab cases, including precedent-setting addition to her thriving aw practice, in Washington D.C., limited equity Users’ Council. Fluent in both Arabic matters before the New York State Gonzalez-Sussman possesses a deep cooperatives and nonprofits. She and French, and conversant in Span- Court of Appeals. She is also an active commitment to her community. In has also shared her experiences as ish, Haridi is a frequent speaker at member of the New York State Trial 2018, she was elected as a member of an adjunct professor at Georgetown conferences worldwide, and routinely Lawyers Association. the Westchester County Democratic University Law Center. sits as an arbitrator in international Committee. disputes.
68 *Response from a poll sent to all honorees
Crains_Leading _Women_Legal.indd 12 12/18/18 4:39 PM Debevoise congratulates partners Jennifer Chu and Rebecca Silberstein and all of the talented women leaders selected as Crain’s Notable Women in Law New York City
New York Paris Hong Kong Washington, D.C. Frankfurt Shanghai London Moscow To k yo www.debevoise.com
CN018940.indd 1 12/13/18 11:51 AM TAKING WOMEN’S LEADERSHIP ELLEN LENORE HOLLOMAN HORTON The pay gap: Partner Partner TO NEW HEIGHTS CADWALADER FISHERBROYLES Male partners at large U.S. law firms WICKERSHAM & ••• TAFT made an average of $959,000 this year; At FisherBroyles, ••• † Lenore Horton female partners made $627,000. Ellen Holloman combines her is a trusted background as representative a serial entrepreneur with her expe- of financial institutions, corporations rience in litigation, capital raising, and individuals in civil litigation, TANISHA PATRICIA trademark protection, investigations reguatory enforcement proceedings JAMES KANTOR and corporate restructuring. Horton and corporate internal investigations. Partner Member offers expert legal counsel to estab- COOLEY MINTZ She also reguarly advises companies, lished businesses, nonprofits, artists ••• ••• boards and investors in connection and entrepreneurs, and specializes Tanisha James Patricia Kantor with corporate governance mat- in helping clients navigate significant helps clients has spent more ters. Outside of the firm, Holloman business changes, from crippling and investors than 20 years serves on the board of the Center litigation to succession panning. successfully focused on real for Employment Opportunities, a Horton often speaks on topics reat- navigate mergers, acquisitions and estate aw in New York City. During nonprofit dedicated to assisting men ed to empowering minority-owned strategic investments in her role that time, she has handled complex and women with criminal convictions startups with the tools necessary to at Cooley. Clients reguarly entrust acquisitions and sales, financings, re- with finding employment. Because of succeed, most recently at the Back James with guiding them through structurings, workouts and develop- her commitment to pro bono en- Women Talk Tech conference in New negotiations with governmental and ment work for her clients. Last year, gagements, Holloman was honored York City. She is also legal counsel to private parties, responding to agen- she handled three of the top 10 resi- with the Thurgood Marshall Award Ellevate Network, a professional de- cy investigations and coordinating dential closings in the city, amounting by The New York City Bar Associa- velopment network for women, and cross-jurisdictional antitrust defense to more than $200 million combined. tion in recognition of her service to serves as a frequent participant in its strategies. James is also dedicated to On the corporate side, Kantor advises post-conviction inmates facing a outreach efforts. using her legal skills to improve the small and family-owned business- capital punishment sentence. lives of underrepresented groups. es on a variety of corporate legal She has successfully represented a matters. In addition to her work with number of pro bono clients, includ- Mintz, Kantor has been a featured ing an El Salvadoran asylum applicant speaker for the New York City Bar Male partners’ hourly billing rates this fleeing persecution by a high-rank- Association and the Council of New year averaged $736; female partners’ ing government official in her native York Cooperatives. country. She is also an active partic- Wilson Elser congratulates our partner Ricki Roer rates averaged $650.† ipant in the voting rights initiatives of the Lawyers’ Committee for Civil Rights. on her recognition by Crain’s as a Notable Women in Law in New York City.
BARBARA MICHELLE NANCY JAMIE KOCIS KAPLAN KELBAN KESTENBAUM Partner Shareholder Partner Partner KRAMER LEVIN Ricki chairs Wilson Elser’s Employment & Labor GREENBERG LATHAM & COVINGTON ••• TRAURIG WATKINS & BURLING Jamie Kocis ••• ••• ••• litigation practice, serves on the rm’s Executive pays an instru- As co-chair of Michelle Kelban Clients seek mental role in Committee, is a member of the Chairman’s Of ce and acts as role model Greenberg leads a team of out Nancy the closing of Traurig’s glob- more than 90 Kestenbaum to multimillion-dol- al tax practice, Barbara Kapan has awyers globally in her role as co- handle their most sensitive govern- ar securitization transactions, includ- and mentor to scores of attorneys. earned global prominence for her chair of the firm’s real estate practice, ment and internal investigations and ing timeshare, soar and auto loan ability to handle complicated tax where she specializes in commer- litigation. A trailbazer with more than securitizations. She advises clients in examination and sensitive tax con- cial real estate aw with a particuar 25 years of experience, Kestenbaum both warehouse securitization facilities Ricki has already made signi cant contributions to the local, national troversy matters. A go-to awyer on concentration on real estate finance. has represented clients ranging from and term securitizations, along with issues reating to tax compliance, She represents capital providers in multinational corporations to indi- market-leading transactions involving and international legal communities. We look forward to following this Kapan’s aptitude in the field attracts a variety of real estate transactional viduals in high-stakes criminal and new and emerging asset casses. A both domestic and international structures and has significant experi- civil enforcement investigations. She strong role model for future female remarkable leader as she scales still greater heights. clients with complex issues. Kapan is ence with a range of property types. maintains a robust pro bono practice awyers, Kocis serves as co-chair of also a prolific speaker on the subject Kelban spearheaded an effort to focused on marginalized individuals Kramer Levin’s Women’s Initiative of tax aw and frequently speaks at expand the practice’s presence in key in society. Along with the Center for Committee, which works to represent industry conferences, including those markets, like London, New York and Constitutional Rights, Kestenbaum and support women at the New York presented by the Practising Law Insti- the West Coast. She also maintains has represented a number of post- aw firm and address important issues tute, The Bar Association of the City a thriving pro bono practice and has 9/11 detainees in matters involving regarding women in the legal industry. of New York and the New York Uni- led Latham’s holiday gift program for caims of unawful and abusive She also headed the aunch of Kramer 37 Of ces Nationwide versity Institute on Federal Taxation. underprivileged children for more detention. She has also supervised Levin’s Women’s Circles, a program that than a decade. immigration asylum petitions that provides an opportunity for awyers, wilsonelser.com have led to asylum status for refu- ranging from associates to partners, gees who were persecuted in their to network. © 2018 Wilson Elser. All rights reserved. 509-18 home nations.
70 Source: †Major, Lindsey & Africa survey, December 2018
Crains_Leading _Women_Legal.indd 14 12/18/18 4:39 PM TAKING WOMEN’S LEADERSHIP TO NEW HEIGHTS
Wilson Elser congratulates our partner Ricki Roer on her recognition by Crain’s as a Notable Women in Law in New York City.
Ricki chairs Wilson Elser’s Employment & Labor litigation practice, serves on the rm’s Executive Committee, is a member of the Chairman’s Of ce and acts as role model and mentor to scores of attorneys.
Ricki has already made signi cant contributions to the local, national and international legal communities. We look forward to following this remarkable leader as she scales still greater heights.
37 Of ces Nationwide wilsonelser.com
© 2018 Wilson Elser. All rights reserved. 509-18
CN018939.indd 1 12/13/18 11:50 AM CHERYL ELEANOR KORMAN LACKMAN Partner Partner In 2014, Paulette Brown became RIVKIN RADLER COWAN DEBAETS ••• ABRAHAMS & the first black woman elected as president SHEPPARD † Cheryl Korman ••• of the American Bar Association. has represent- The firm’s ed clients in youngest equity hundreds of partner, appeals involving substantive and Eleanor Lackman co-chairs the litiga- procedural issues reating to diverse tion group and trademark group at JESSICA LEE JIYEON areas of the aw, including attorney Cowan DeBaets. Along with represent- Partner LEE-LIM and accountant malpractice, com- LOEB & LOEB ing high-profile clients, she also works Partner mercial litigation, insurance aw and ••• LATHAM & on behalf of nonprofit organizations abor aw. Drawing on her more than As co-chair WATKINS including the Al Hirschfeld Foundation ••• 20 years in practice, Korman reguar- of the firm’s and the Estate of Gilbert Baker, who ly prosecutes and defends appeals privacy, secu- Over the past designed the well-known rainbow fag. before New York appelate courts rity and data three decades, Lackman is also a trustee of the non- and the U.S. Court of Appeals for the innovations Jiyeon Lee-Lim profit educational organization, the Second Circuit. Korman is deeply practice, Jessica Lee works with en- has served as a sophisticated adviser Copyright Society of the USA, where committed to the Long Isand Wom- tertainment, technology and digital on some of the most complicated she also formerly served as co-chair of en’s Colaborative, an innovative or- media companies to address the cross-border tax issues that arise in its argest chapter and co-chair of the ganization she co-chairs that empow- privacy and intellectual property corporate transactions around the membership committee. She is also ers and engages Long Isand’s leading issues that arise when marketing and world. As global chair of the firm’s involved with ChIPS, a women-focused business women, while encouraging monetizing digital content. Even as tax department, she works cases Una A. Dean Jessica Forbes Janice Mac Avoy organization with the goal of advancing partnerships and providing growth one of the firm’s youngest partners, involving international and corporate women in aw, technology and policy. opportunities. Lee’s high-profile clients, including tax, with a particuar emphasis on NBCU, Amazon, HBO and T-Mobile, financial products, capital markets rely on her to help strategize their transactions, securitization transac- Congratulations to digital media initiatives. Lee is also tions and cross-border tax panning. Women represented 25% committed to public service and is Additionally, through the firm’s pro actively involved with Hudson Link bono partnership with Mount Sinai’s of the attorneys appearing in for Higher Education in Prison, where Center for Transgender Medicine and commercial and criminal cases she provides education and re-entry Surgery, Lee-Lim has spent the ast year working closely with individuals Fried Frank’s support to break the cycle of crime in courtrooms in the state and poverty. She also co-chairs Loeb to effectuate their name changes. in 2016‡ & Loeb’s affinity group for Attorneys of Color and Ethnic Diversity. Una A. Dean, Jessica Forbes
LORI LESSER JAMIE LEVITT DOREEN LYNN Partner Partner LILIENFELD LOACKER SIMPSON MORRISON Partner Partner THACHER & FOERSTER SHEARMAN & DAVIS WRIGHT BARTLETT ••• STERLING TREMAINE and Janice Mac Avoy ••• As co-chair ••• ••• Lori Lesser han- of the firm’s For more than Lynn Loacker dles complex commercial two decades, works with and all of the other women featured matters involv- litigation and Doreen clients ranging ing intellectual trial group, Jamie Levitt manages Lilienfeld has focused her aw practice from startups to Fortune 100 compa- property, technology aw and privacy cases involving complex commer- on compensation-reated matters in nies, helping them meet their growth aw as head of the intellectual prop- cial litigation and arbitration. Public all manner of transactions, including objectives, overcome obstacles and in Crain’s Notable Women in Law list erty transactions practice at Simpson companies come to Levitt to rep- the design and implementation of build successful businesses. Drawing Thacher. Her areas of expertise resent them in SEC and reguatory retention and incentive pans, disclo- on her more than 35 years of ex- include mergers and acquisitions, se- investigations. Her expertise also sure and reguatory compliance and perience, Loacker works with man- curities offerings and secured financ- includes conducting and defending employment negotiations for C-Suite agement and boards of directors to ings, bankruptcy and restructurings, corporate internal investigations and executives. For the past 16 years, execute their companies’ strategic vi- joint ventures and other strategic advising board committees and indi- Lilienfeld has spearheaded the publi- sion by helping to facilitate corporate agreements. A well-known lecturer viduals with respect to investigations. cation of the firm’s celebrated survey and commercial transactions, assess in her field, Lesser is co-chair of the Levitt serves as chair of the Morrison of the compensation-reated corpo- and mitigate risk and advise on best Practising Law Institute’s conferences & Foerster Foundation, one of the rate governance practices of the arg- practices in corporate governance. A on technology and software issues. oldest aw-firm-affiliated charities in est 100 companies, which provides in- longtime advocate for women in her Lesser is also highly involved with her the U.S. that is dedicated to giving depth analyses of practices and trends profession, Loacker founded Davis alma mater, Harvard University, where back to the communities in which impacting corporate governance. Wright Tremaine’s Project W, a group she serves as director of the Harvard the firm has offices. She is also an Lilienfeld is also an active member of that aims to provide women entre- Alumni Association and is the imme- active member of the firm’s board of the Lawyers Alliance for New York, a preneurs and business executives the diate past president of the Harvard directors. pro bono clearing house for nonprofits tools, connections and expertise they Law School Association of NYC. throughout the city of New York. need to build great companies. New York | Washington, DC | London | Frankfurt Attorney Advertising. Prior results do not guarantee a similar outcome. Fried, Frank, Harris, Shriver & Jacobson LLP
72 Sources: †American Bar Association ‡New York State Bar Association
Untitled-16Crains_Leading 1 _Women_Legal.indd 16 12/19/1812/18/18 1:424:39 PM CN018934.indd 1 12/19/18 1:55 PM KRISTEN STACY PAOLA JANICE LONERGAN LOUIZOS LOZANO MAC AVOY Shareholder Partner Partner Partner GREENBERG DRINKER BIDDLE SKADDEN ARPS FRIED FRANK TRAURIG ••• SLATE MEAGHER HARRIS SHRIVER ••• & FLOM & JACOBSON As partner of ••• ••• Kristen Lonergan Drinker Biddle’s As co-chair of In one of Janice is a trusted Investment Skadden’s Latin Mac Avoy’s adviser to REITs, Management American group many roles at investment funds, developers and Group, Stacy Louizos represents and head of its Spanish anguage Fried Frank, she serves as co-head lenders on the acquisition, devel- registered investment companies corporate practice, Paoa Lozano of the firm’s real estate litigation opment and financing of real estate and their independent directors and handles some of the region’s most practice group, where her caseload properties across the country. In her investment advisers. Over the past complex, industry-shaping transac- includes complex real estate transac- 14 years at the firm, Lonergan has 20 years, she has advised clients on tions. She has overseen a range of tions and disputes, commercial litiga- become an expert in areas includ- a range of matters reated to the op- client reationships and transactions tion and arbitration, andlord tenant ing foreign investment, construction eration of investment companies, in- and has spearheaded a significant disputes and fair market rent arbitra- lending, bridge and term loans and cluding mergers of individual mutual expansion of the firm’s Latin America tions. Mac Avoy advocates to protect joint ventures. Additionally, Lonergan funds and of fund complexes, board practice. Outside of her legal work, women’s reproductive freedoms and is a board member of The Child Cen- governance and compliance. She she is a director of the Goddard works extensively on family aw cases. ter of New York, an organization that has particuar expertise in advising Riverside Community Center, one Because of her work in those arenas, provides children and families with clients on money market products of New York City’s leading human she was honored with the Courage skills, opportunities and emotional and is widely cited as a leader in the service organizations, which works to Award from The Women Lawyers support to help them build healthy, investment funds arena. Louizos is a meet the community’s basic needs. Association of Los Angeles and the successful lives. Due to Lonergan’s member of Drinker Biddle’s Women’s She was also named a David Rocke- Commitment to Justice Award from efforts, Greenberg Traurig’s New York Leadership Committee, a group com- feller Fellow, a prestigious position Her Justice. office has held a number of fundrais- mitted to attracting, retaining and in which she worked to address New ers in support of that charity. advancing women in the firm. York City’s public needs.
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Crains_Leading _Women_Legal.indd 18 12/18/18 4:39 PM AYŞE YÜKSEL BARBARA NANCY CHERYL MAHFOUD MENDELSON MITCHELL EISBERG MOIN Partner Partner Partner Partner NORTON ROSE MORRISON & O’MELVENY HILL & MOIN FULBRIGHT FOERSTER ••• ••• ••• ••• With more than Cheryl Eisberg Ayşe Yüksel In her work 30 years of legal Moin is co- Mahfoud is as a member and banking ex- founder and an integral of Morrison & perience, Nancy co-managing member of Norton Rose Fulbright’s Foerster’s financial services group, Mitchell has developed expertise partner of Hill & Moin, one of the few management team, as well as its cor- Barbara Mendelson advises foreign in providing assistance to debtors, women-led personal injury aw firms porate practice, where she handles and U.S. banks in a variety of com- acquirers and creditors in complex in the city. With more than 35 years a diverse array of cross-border deals plex reguatory matters, including restructurings and Chapter 11 pro- of experience, Moin has represented primarily for international clients. sales and acquisitions of firms and ceedings. She has counseled clients paintiffs in more than 200 appeals She also has extensive experience applications to bank reguators. Her on a number of arge-scale bankrupt- affirming multimillion-dolar verdicts, in a range of corporate transactions, more than 25 years of experience has cies and restructurings, including her obtaining reversals on complex issues including mergers and acquisitions, made her a trusted representative of ongoing representation of Puerto and questions of first impression. private equity investments, privat- foreign banks in their U.S. operations. Rico government agencies in the An accomplished lecturer, Moin has izations, joint ventures, strategic Over the course of her career, she argest in-court restructuring in U.S. spoken at a variety of symposiums alliances and financing transactions. has been instrumental in forming history. Previously, Mitchell was exec- and conferences, including those held She is also the founder and partner- a number of subsidiaries of foreign utive director of CIBC World Markets, by the New York City Bar Association. in-charge of the firm’s Istanbul office. banks. Outside of work, Mendelson where she handled the development She has also served as a member of Along with her work at Norton Rose dedicates her time to Big Brothers of financial models for complex the board of directors and chair of the Fulbright, Mahfoud is a dedicated Big Sisters and serves as trustee of its restructurings. Mitchell is engaged Amicus Brief Committee of the New adviser to nonprofit organization Jazz New York City organization. in a range of civic-minded activities, York State Trial Lawyers Association. at Lincoln Center, where she serves including New York City’s The Work- as their lead pro bono counsel on a shop Theater, a group dedicated to range of corporate matters. exploring and developing new works.
We join Crain’s New York Business in honoring Notable Women in Law in New York
including our partners and friends Jessica Lee and
Debbie White.
We salute your dedication to your clients and continued contributions to the field of law, paving the way for generations of women to come.
Los Angeles New York Chicago Nashville Washington, DC San Francisco Beijing Hong Kong www.loeb.com 75
Crains_Leading _Women_Legal.indd 19 12/18/18 4:39 PM MARGERY JULIE NORTH INOSI NYATTA MELISSA DONNA PARISI NEALE Partner Partner OSIPOFF Partner Partner CRAVATH SULLIVAN & Partner SHEARMAN & WILLKIE FARR & SWAINE & CROMWELL FISHER PHILLIPS STERLING MOORE GALLAGHER ••• ••• ••• ••• ••• Inosi Nyatta A broad range Donna Parisi is Julie North’s Co-chair of co-heads the of clients rely on the global head broad litigation Willkie Farr’s project de- Melissa Osipoff of Shearman practice covers asset man- velopment to handle their & Sterling’s a range of areas agement group, Margery Neale is and finance practice at Sullivan & employment-reated litigation needs finance business unit. A skilled prac- including antitrust, general com- a nationally-recognized leader in Cromwell, where she is also part of before federal and state courts and titioner and negotiator, she advises mercial, securities and mergers and the area of investment funds. Neale the finance and restructuring group. administrative agencies. Osipoff’s clients on derivatives, structured acquisitions litigation. North handles counsels investment companies, in- Particuarly adept in a range of cor- core practice involves defending em- products, securitization, capital mar- clients’ antitrust reguatory clearance vestment advisers, fund sponsors and porate transactions, Nyatta handles ployers in wage litigation, wrongful kets and commodities matters. Parisi issues in connection with mergers independent directors in all aspects project financings, capital markets termination, employment contracts, also spearheads the firm’s FinTech and acquisitions. A passionate civil of the fund business and reguarly offerings and cross-border financings. restrictive covenants, trade secrets Foundry program, which supports the rights advocate and diversity pro- counsels on fund governance, regu- Clients in a medley of industries, and whistleblower caims. She also activities of the firm’s clients in the ponent, North has worked with the atory compliance and a broad range ranging from oil and gas companies has significant experience preparing financial technology industry. Parisi American Civil Liberties Union and of transactions involving funds and to financial institutions, depend on numerous position statements in has long been a champion for the full other national organizations to re- advisory organizations. Neale served Nyatta to assist in their acquisitions, response to New York State Division inclusion of women in the workpace. form the manner in which the states as a member of the elite task force private equity investments and joint of Human Rights compaints result- She pays a leading role in Shearman of Montana and Michigan provide on the Fund Director’s Guidebook venture arrangements. Nyatta is an ing in dismissals and case closures. & Sterling’s global Women’s Initiative, legal services to indigent citizens. of the Federal Reguation of Securi- active member of the firm’s Diversi- As a trusted authority in the field of which enhances the firm’s commit- She is also one of the founders of the ties Committee of the American Bar ty Committee and chairs the Africa abor litigation, Osipoff has shared ment to diversity and inclusiveness. firm’s Women’s Initiative, which aims Association. She is also a frequent Sub-Committee of the New York City her expertise on matters reated to She also supports the Women’s to assist the development of women author and contributor to a range of Bar Cyrus R. Vance Center for Interna- the #MeToo movement on a num- Initiative for Success, Excellence and awyers. respected publications. tional Justice. ber of patforms, including an Emmy Retention, the firm’s associate-run award-winning television program. inclusion network for women.
Source: ‡New York State Bar Association
Congratulations to Crai ’s Notable Women in Law.
Cravath is proud to have Julie North, Judge Katherine Forrest (fmr.) and Ting Chen among this year’s distinguished honorees for their work across the antitrust, litigation and mergers and acquisitions fields.
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Crains_Leading _Women_Legal.indd 20 12/18/18 4:39 PM DONNA PARISI MARCIA PAUL LISA Partner Partner PENSABENE SHEARMAN & DAVIS WRIGHT Partner In federal courts STERLING TREMAINE O’MELVENY ••• ••• ••• in New York in Donna Parisi is At Davis Wright As head of 2016, women the global head Tremaine, O’Melveny’s of Shearman Marcia Paul life-science liti- made up 24% of & Sterling’s concentrates gation practice, all the attorneys finance business unit. A skilled prac- her burgeoning practice on a range Lisa Pensabene handles high-stakes titioner and negotiator, she advises of media and intellectual property patent litigation for companies in the who appeared clients on derivatives, structured litigation and counseling. Her clients pharmaceutical and biotechnology in court, with products, securitization, capital mar- include some of the nation’s major industries. She has worked on cases kets and commodities matters. Parisi media companies, who rely on Paul involving drugs for treatments span- 23% holding the also spearheads the firm’s FinTech to handle legal issues involving copy- ning from cancers, HIV and diabetes Foundry program, which supports the right, trademark, libel and advertising to cardiovascuar disease and neu- position of lead activities of the firm’s clients in the matters. She is an experienced liti- rological disorders. Pensabene also counsel. In state financial technology industry. Parisi gator in complicated situations that oversees nearly 100 employees as has long been a champion for the full involve multinational and cross-bor- leader of the firm’s intellectual prop- courts, women inclusion of women in the workpace. der issues. During her time with Davis erty practice. In November 2017, she made up 27% She pays a leading role in Shearman Wright Tremaine, Paul has tried a co-founded the Women in IP Net- & Sterling’s global Women’s Initiative, number of cases in state and federal work, a group that now boasts more of the attorneys which enhances the firm’s commit- courts around the country, along with than 300 members and provides an in court and ment to diversity and inclusiveness. complex litigation before various ar- opportunity for women in the field of She also supports the Women’s bitral tribunals—including jury trials— intellectual property to network and 27% of the lead Initiative for Success, Excellence and across various industries. enhance their skills. ‡ Retention, the firm’s associate-run counsels. inclusion network for women.
Source: ‡New York State Bar Association
Congratulations to Kathleen McLeod Caminiti and Melissa Osipoff on their selection to the Crain’s New York Business Notable Women in Law
Kathleen McLeod Caminiti Melissa Osipoff kcaminiti@fisherphillips.com mosipoff@fisherphillips.com
At Fisher Phillips, labor and employment law is all we do. Kathleen and Melissa represent employers by providing practical business solutions to their workplace legal issues.
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Crains_Leading _Women_Legal.indd 21 12/18/18 4:39 PM D. HARA LISA STACEY REBECCA PERKINS RADETSKY RAPPAPORT RETTIG Partner Partner Partner Attorney GOULSTON & PHILLIPS NIZER MILBANK TWEED DONTZIN NAGY STORRS ••• HADLEY & & FLEISSIG ••• MCCLOY ••• As co-chair of ••• In recent years, Phillips Nizer’s One of the few Stacey D. Hara Perkins real estate female litiga- Rappaport is an has helped practice, Lisa tors in her field, accomplished structure some of the most signifi- Radetsky focuses on preparing of- Rebecca Rettig is a complex com- litigator who has developed a track cant neighborhood-transforming real fering pans for vacant and occupied mercial litigator focused on legal and record of success in complex finan- estate transactions in New York City, residential and mixed-use properties. reguatory matters reating to digital cial transaction cases during her including Essex Crossing, a panned She works alongside government assets and blockchain, the technol- more than 20 years at Milbank. A mixed-use development on the agencies to secure approval for those ogy at the heart of Bitcoin and other member of the firm’s litigation and Lower East Side, and Cornell Tech’s projects. An in-demand attorney virtual currencies. Though the block- arbitration group, she represents 12-acre campus on Roosevelt Isand. whose cases typically ast between chain industry is young and litigation some of the nation’s most distin- Perkins has negotiated low-income three to five years, Radetsky reguarly reating to these matters is reatively guished corporations and financial housing tax credit transactions val- represents nonprofit organizations new, Rettig has successfully argued institutions. In 2018, Rappaport was ued at more than $1 billion on behalf and owners of commercial buildings cases across several industries, elected to Milbank’s global execu- of her developer and investor clients. that seek to convert their buildings including finance, pharmaceuticals tive committee, making her the first An expert in the fields of housing and into condominiums. Radetsky has and technology. Rettig is a member female member in the firm’s 152-year economic development, Perkins, who also served on the New York State of Global Digital Finance, an industry history. She also serves as a board co-chairs the firm’s multifamily hous- Bar Associations’ committee on body that drives the acceleration and member of Sanctuary for Families, ing industry group, speaks reguarly cooperatives and condominiums and adoption of digital finance technolo- a service provider and advocate for on the trends and changes that are on the alumna advisory board for the gies to support the next era of digital survivors of domestic violence, sex affecting the real estate industry. reorganization of Gamma Phi Beta commerce. trafficking and other forms of gender sorority at Columbia University, which violence. had been dormant since 1911.
mefiifmp kfwbo LLP is extremely proud to be a home for talented female attorneys (and some male attorneys as well).
Congratulations, Regina E. Faul, chair of the employment and labor pratice, Lisa R. Radetsky, co-chair of the real estate practice, and Helene M. Freeman, partner in the entertainment and intellectual property practices, on being honored among Crain’s Notable Women in Law.
L-R: Regina E. Faul (2018), Lisa R. Radetsky and Helene M. Freeman (2019)
PHILLIPS NIZER LLP | www.phillipsnizer.com | Attorney Advertising
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Crains_Leading _Women_Legal.indd 22 12/18/18 4:39 PM RICKI ROER NINA ROKET SARA ELIZABETH Partner Partner RUBENSTEIN SACKSTEDER WILSON ELSER OLSHAN FROME General counsel, Partner ••• WOLOSKY senior vice PAUL WEISS ••• Along with president RIFKIND Nina Roket has CONTINENTAL WHARTON & her role as VENTURES GARRISON regional man- developed a ••• ••• keen under- aging partner of Sara Rubenstein’s A prolific litiga- standing of Wilson Elser’s 17 years in the tor, Elizabeth commercial real estate aw, spe- New York office, Ricki Roer chairs the real estate and construction indus- Sacksteder has represented global cifically leasing, conveyancing and firm’s employment and abor prac- tries have given her a broad range banks in virtually every significant finance transactions, over the course tice, where she leads a team of more of experience in real estate finance, category of litigation and reguatory of her nearly 20 year career in the than 150 attorneys across the United development, sales and acquisitions. investigation arising out of the finan- industry. She is a trusted adviser to States. She is also a member of the At Continental Ventures, she oversees cial crisis. She has also represented clients across the U.S. in sophisticat- firm’s Office of the Chairman. Over all legal work and advises the compa- major life and property-casualty ed transactions, including mezzanine the course of her career, Roer has ny in complex real estate and financ- insurers in a wide array of matters, in- and preferred equity financings. As litigated thousands of cases in state ing transactions, the lending patform cluding reguatory investigations and founder and chair of Olshan’s Wom- and federal courts at the trial and and strategic business decisions. policyholder cass actions. Sacksteder en’s Committee, a group that serves appelate levels on behalf of a variety Recently, she formed and structured shares her knowledge and experi- as a networking, business develop- of clients, ranging from multinational a new logistics patform for the com- ence with students as a lecturer at ment and mentoring patform for the corporations to nonprofit organiza- pany, which has grown exponentially Columbia Law School, teaching a firm’s women awyers and their cli- tions. A recognized authority in the since its aunch less than one year course on advanced civil procedure. ents and colleagues, Roket has been industry, Roer is consistently called ago. She is also actively involved with She is also an active member of the at the forefront of advancing women upon to lecture on issues of employ- the Women’s Executive Circle, where board of the New York-based Legal both within the legal profession and ment discrimination and abor aw. she has served as a mentor for young Action Center, and in 2012 received other respective industries. professional women and speaks reg- the organization’s Arthur Liman Pub- uarly at real estate industry events. lic Interest Award.
Congratulations to NYC’s Boldest and Brightest
Karen Scanna One of Crain’s Notable Women in Law
Stroock & Stroock & Lavan LLP New York | Miami | Los Angeles | Washington, D.C. www.stroock.com
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Crains_Leading _Women_Legal.indd 23 12/18/18 4:39 PM CLAUDIA CHARAN KAREN KARA SALOMON SANDHU SCANNA SCHECHTER- Partner Partner Partner RAKOWSKI LATHAM & WEIL GOTSHAL STROOCK & Partner WATKINS & MANGES STROOCK & LAVAN BELKIN BURDEN ••• ••• ••• WENIG & Caudia Charan Sandhu For more than GOLDMAN ••• Salomon works is a key member 23 years, Karen closely with of Weil’s tech- Scanna has Kara Schechter- companies and states in complex nology and IP transactions practice, been at the forefront of develop- Rakowski joined arbitration matters as global co-chair where she uses her significant expe- ment in all five boroughs of New York Belkin Burden in 1991 and was elevated of Latham & Watkins’ international ar- rience to represent clients in matters City, working on several of the most to partner just eight years ater. Since bitration practice. She also helms the reating to technology transfer and complex and high-profile real estate that time, she has dedicated her ca- expansion of the firm’s investment the development, acquisition and transactions in the city’s history. reer to representing owners in matters treaty arbitration and international use of technology and intellectu- Private developers acquiring city- involving rent reguation, affordable commercial arbitration capabilities to al property. Sandhu is consistently owned property often seek Scanna’s housing, fair housing, anti-discrimina- meet clients’ growing needs. Addi- recognized as a leader in her field by guidance in navigating the city’s com- tion and anti-harassment. As co-head tionally, Salomon was the first fe- respected organizations including petitive bid process. Outside of her of the firm’s administrative depart- male U.S. member appointed to the Legal 500 US and Super Lawyers, and work with the firm, Scanna focuses on ment, Schechter-Rakowski is the first International Chamber of Commerce was recently named Minority Fe- mentoring women in real estate. She woman partner to head a department International Court of Arbitration, male Lawyer of the Year by Chamber has been an active member of WX- in the firm. Through the human rights an institution that aims to resolve USA. Sandhu is highly involved with New York Women Executives in Real practice that she introduced to the international commercial disputes. In Weil’s pro bono efforts and reguarly Estate for more than a decade and firm, Schechter-Rakowski has used her June 2018, she was appointed to the represents Kids in Need of Defense, a mentored numerous women through expertise to educate property owners, prestigious position of vice president group that protects children who en- both group sessions and one-on-one managing agents and their staff and of the Court. Salomon also leads a ter the U.S. immigration system alone. engagement. real estate brokers in an effort to pre- range of pro bono matters, including vent discrimination and harassment in several cases focused on voting rights housing and employment. issues. Source: ‡New York State Bar Association
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Crains_Leading _Women_Legal.indd 24 12/18/18 4:39 PM JODI REBECCA AUDREY SCHWARTZ SILBERSTEIN SOKOLOFF Partner Partner Partner WACHTELL DEBEVOISE & SKADDEN ARPS In the 2nd U.S. LIPTON ROSEN PLIMPTON SLATE MEAGHER & KATZ ••• & FLOM Circuit Court ••• ••• With more of Appeals in Jodi Schwartz than 25 years Following a has spent more of experience, career at Skadden 2016, women than 28 years as Rebecca Silberstein advises invest- that spans nearly constituted partner at Wachtell Lipton Rosen & ment banks, financial institutions 30 years, Audrey Sokoloff was named Katz, where she focuses her work on and boutique firms as sponsors global head of the firm’s transactions 36% of the the tax aspects of corporate transac- of global private equity, leveraged practices in 2018. In this role, clients public-sector tions. Schwartz has been the principal buyout and bespoke fund products worldwide rely on her experience in tax awyer on numerous domestic and separate accounts. She is a key real estate and real estate finance attorneys, 14% and cross-border transactions in a reationship partner for many of the matters. She also advises clients on wide range of industries and is recog- most prominent private investment private equity issues, including acqui- of the private nized as one of the leading awyers fund managers in the world, includ- sitions and sales, construction and attorneys. Women in her field. Schwartz recently retired ing Allianz, Credit Suisse, Morgan development projects, and hospital- from her position as a trustee of The Stanley and WeWork. Well-known in ity and gaming. Deeply committed represented 28% Jewish Board, a post she held for 25 the investment funds industry, she to diversity and inclusion initiatives, of the attorneys years. In recognition of her years of chairs the New York City Bar’s Private Sokoloff is a member of Skadden’s Di- service, the organization honored Investment Funds Committee, which versity Committee, where she acts as in criminal cases her with its Madeleine Borg Lifetime explores current legal and policy a sponsor of the firm’s LGBT Affinity and 18% in Service Award in 2017. Group. In June 2014, she led the firm’s issues affecting private funds, includ- ‡ ing hedge funds, private equity funds aunch of its Straight-LGBT Alliance, a civil cases. and venture capital funds and their first among peer aw firms. sponsors.
Source: ‡New York State Bar Association
Olshan congratulates our partners Nina Roket & Elizabeth Gonzalez-Sussman on their selection to Crain’s Legal List 2019 Notable Women in Law in New York City.
This is Ms. Roket’s second selection, a rare distinction of which we’re very proud. Their commitment to diversity and inclusion reinforces our core values.
OLSHAN FROME WOLOSKY LLP 1325 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10019 WWW.OLSHANLAW.COM 81
Crains_Leading _Women_Legal.indd 25 12/18/18 4:39 PM ELIZABETH ANTONIA BROOKE STEIN STOLPER Women lawyers of color were eight times Senior manager, Partner New York energy SHEARMAN & more likely than white men to report that aw and policy STERLING ENVIRONMENTAL ••• they had been mistaken for janitorial sta, DEFENSE FUND * ••• Antonia Stolper administrative sta or court personnel. heads the Latin Elizabeth America affinity Brooke Stein is a group at Shearman & Sterling, where dedicated advocate for practices that she is highly regarded for her work improve the flexibility and perfor- with Latin American corporate and CHRISTINE CAROLYN mance of New York’s energy system. sovereign issuers and their under- SWANICK VARDI Stein has established a reputation Partner Partner writers in debt and equity securities as a leader in the space and pays a SHEPPARD WHITE & CASE offerings. Since joining the firm in MULLIN ••• key role in advancing clean energy 1991, Stolper has advised a number ••• and utility reform across the state of Carolyn Vardi of Latin American issuers on their For more than New York. Since 2012, her work with is a seasoned ongoing SEC reporting requirements, 23 years, the Environmental Defense Fund has representative compliance issues and corporate Christine helped ensure that the post-Sandy of buyers and governance matters. A member of Swanick has been a leading practi- transformation of the state’s energy sellers in public and private merg- the Shearman & Sterling Pro Bono tioner of federal Indian aw. In her system is built on a foundation of ers and acquisitions. She has built a Committee, Stolper has worked on role at Sheppard Mullin, she advises sustainability, not just durability. She strong track record in the resolution the firm’s efforts to provide free legal clients in all aspects of federal Native is also a board member of the Saan of complex transactions for both assistance to thousands of unaccom- American aw and tribal-aw matters, Foundation, an organization that corporate clients and private equity panied minors fleeing violence in representing both tribes and entities advances useful ideas for greener, funds. Along with her work as part Central America who have resettled doing business with tribes in contrac- high-performance cities. of the firm’s mergers and acquisi- in the New York City region. tual, gaming, reguatory and econom- tions group, Vardi founded White ic development matters. A nationally & Case’s Private Equity and Finance recognized expert in tribal lending Breakfast Series for Women, which and restructuring transactions, Swa- supports the development of young Some 80% of white men, but only 63% nick has worked on more than 100 professionals in these industries. Native American and gaming credit She also co-wrote a widely revered of white women, 59% of men of color transactions involving more than report focused on trends that could and 53% of women of color reported 50 different Native American tribes. drive private equity firms to improve Before entering private practice, gender baance within their ranks that they had equal opportunities for Swanick worked as an in-house tribal and promote more women to senior * attorney for three different federally positions in the field. high-quality assignments. recognized tribes.
ELISE WAGNER KIM WALKER CAROLYN NAOMI Partner Counsel WALKER- WALTMAN KRAMER LEVIN WILLKIE FARR & Executive vice NAFTALIS & GALLAGHER DIALLO Judge, New York president and FRANKEL ••• City Civil Court associate general ••• Kim Walker has NEW YORK counsel, litigation CBS CORP. A leading and- been a leader STATE COURTS ••• ••• use attorney, in the intellec- As head of Elise Wagner tual property Judge Carolyn litigation for has substantial field for more than 27 years. She Walker-Diallo CBS, Naomi Waltman represents the experience counseling for-profit and has advised clients on billion dolar is the first Muslim woman elected to media giant in a broad range of liti- nonprofit property owners on the acquisitions and counseled compa- serve as a judge in the United States. gation matters, including intellectual panning and development of new nies across various industries, ranging Since assuming the bench in 2016, property, defamation and employ- buildings and the reuse of existing from technology and telecommu- she has been instrumental in de- ment. She was previously deputy buildings. She has payed a key role nications to retailers and sports creasing court dockets in both civil head of litigation for CBS before her in coordinating the public approval networks. As Willkie’s Chief Diversity and criminal courts, part of a state- promotion in 2018. In recent years, processes for major development and Inclusion Officer, Walker works wide goal to shrink backlogs in the Waltman has been at the forefront of projects that involve cooperation tirelessly to promote the retention state’s courts. Walker-Diallo began a number of industry-wide litigation between private developers and city and advancement of diverse and her legal career as a litigation asso- initiatives protecting CBS’s content. and state agencies. Wagner is also a female attorneys. Walker is also a ciate at Milbank and ater joined the Waltman supports the advancement board member and chair of the nom- board member of Rising Ground New York City Office of the Corpo- of women and minorities. She co- inating committee of the New York and Edwin Gould Services for Chil- ration Counsel as a abor and em- chairs the Women’s Group of the Building Congress, an organization dren and Families, leading nonprofit ployment attorney. She also helms a New York Chapter of the Association committed to promoting the growth human services organizations that nonprofit named after her father, The of Corporate Counsel and is deputy and success of the construction in- provide children, adults and families George Walker Jr. Community Coali- global chair of the Women in Law dustry in New York City. with the resources and skills needed tion, which provides youth develop- Empowerment Forum. to help them rise above adversity. ment and community services.
82 Source: *”You Can’t Change What You Can’t See: Interrupting Bias in the Legal Profession,” September 2018 report by the American Bar Association
Crains_Leading _Women_Legal.indd 26 12/18/18 4:39 PM DEBBIE WHITE NANCY WOLFF DIANA JENNIFER Deputy chair, Partner WOLLMAN YOUNT music industry COWAN DEBAETS Partner Partner LOEB & LOEB ABRAHAMS & CLEARY GOTTLIEB PAUL HASTINGS SHEPPARD ••• STEEN & ••• ••• HAMILTON Recognized as As chair of the Nancy Wolff is ••• an elite enter- firm’s finance widely recog- Recognized tainment awyer and restruc- nized as an as one of the by publications turing practice, expert in copy- leading forces including Variety, The Hollywood Jennifer Yount represents a wide right and licensing issues reating to in her field, Diana Wollman provides Reporter and Billboard, Debbie range of traditional banks and in- all aspects of digital content, visual counsel to her clients on interna- White’s client list includes popuar vestment banks, while maintaining a arts and publishing. Her legal advice tional acquisitions, internal restruc- recording artists, producers, managers, strategic focus on alternative lenders, is sought after by major image-licens- turing transactions, tax investigations record companies and celebrities. She direct lenders and finance compa- ing companies, publishers, digital and strategic audit preparation. She has negotiated multimillion dolar nies. Her range of specialties include design agencies as well as prominent joined Cleary Gottlieb in 2015 follow- recording contracts, publishing deals acquisition financing, distressed artists for counseling, transaction- ing her tenure as the Internal Reve- and other arrangements for some credit and restructurings. Yount is al services and dispute resolution. nue Service’s first director of interna- of the most successful names in the widely recognized as an expert and She is frequently requested to be a tional strategy for its arge business music industry. Her practice is increas- thought leader in the finance indus- speaker on copyright and issues of and international division. In that ingly active in Asia’s expanding media try and speaks widely on the market licensing in the area of digital media. position, Wollman improved how market, where her clients include challenges facing both traditional In addition, she is an active board the agency addresses international China’s argest tech company and one and nonbank lenders. She is also a member of the Foundation for Gen- tax issues and trains its agents. She of the most popuar K-pop bands in staunch supporter of Shane’s Inspi- der Equality, a foundation that aims has authored or contributed to more history. She is also deeply involved ration, an organization that aims to to create new pathways to address than 30 written works on a range of with Law Rocks, a global organization create social inclusion for children issues impacting the development of tax-reated issues and is an executive with a mission to promote music edu- with disabilities by creating acces- woman and girls. committee member of the New York cation for underprivileged youth. sible paygrounds and educational State Bar Association’s Tax Section. programs for children of all abilities.
Latham & Watkins congratulates all of the talented women lawyers recognized in Crain’s New York Business’ Notable Women in Law list, including our partners Michelle Kelban, Jiyeon Lee-Lim, and Claudia Salomon.
We are thrilled and proud to be part of the New York legal community.
Michelle Kelban Jiyeon Lee-Lim Claudia Salomon
LW.com
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Crains_Leading _Women_Legal.indd 27 12/18/18 4:39 PM Female litigators find their voices New efforts to give young women their day in court
Janice Mac Avoy, co-head of the real estate Female attorneys in speaking roles account for just Senior litigators are coaching young women to over- litigation practice at Fried, Frank, Harris, about a quarter of counsel who appear in state and come their fear of asking to take on a case or lead a federal courts in New York. They had 24.9% of lead deposition. Shriver & Jacobson, recalls chatting with counsel roles and 27.6% of additional counsel roles. another senior female attorney about a But in complex commercial cases, the percentage “Women need to be more vocal,” said Una Dean, a case that she knew her firm would not win. of female lead counsel—31.6% in one-party cases— Fried, Frank partner and former federal prosecutor. Mac Avoy’s colleague made an eye-opening shrank to 26.4% in two-party cases and just 19.5% in “They struggle with fear of failure: ‘Can I do this?’ The cases with five or more litigants. “The more complex critical part is leaning in even when you have doubts suggestion—if the case was unwinnable, why the case,” reads the report, “the less likely that a wom- you can do it, because that’s what your male counter- not let a female associate tackle the oral an appeared as lead counsel.” parts are doing.” arguments as a learning experience? So what’s to be done? Female awyers must conduct The NYBA report makes specific recommendations “I thought wow, why didn’t I think of that?” said Mac depositions early on in their careers. They should par- that New York judges have taken to heart. Avoy. “We knew we would lose, so no one would ticipate in court instead of sitting at the counsel table bame her. It was a great experience for her, and it while the senior partner argues the matter. When that “Judges in the Southern District now ask if there isn’t saved the client money to have the associate, not me, happens, female litigators gain experience, and court a woman on the litigation team, why not, and if there argue the case. Not every motion is the most import- proceedings are more efficient, said Nancy Kesten- is, why isn’t she speaking? That is really powerful,” said ant thing in the world.” baum, a Covington & Burling partner and former Mac Avoy. federal prosecutor. More partners are giving female litigators the oppor- “Judges are saying ‘I want to hear other voices,’” added tunity to shine in the courtroom. The impetus is a “Instead of senior awyers turning for answers to the Mary Beth Forshaw, a Simpson Thacher & Bartlett bombshell 2017 report published by the New York female associate who took the deposition, the judge litigation partner. “The judiciary in New York is leading State Bar Association. “If Not Now, When?” is packed gets those answers efficiently, and it is an opportu- the charge, making sure women are taking the first with data on the ack of female voices in both court- nity for younger awyers to speak. It’s a win-win,” said or second chair. Everyone needs to stop and think, is rooms and in alternative dispute resolutions. Kestenbaum. there a woman on our roster?”
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Crains_Leading _Women_Legal.indd 29 12/18/18 4:39 PM The path to success Leadership skills get handed down to the next generation of female awyers
In the legal profession, the gender gap is positions are committed to grooming female associ- “Despite the now universal adoption of women’s characterized by fewer women in top gov- ates for entry-level spots. initiatives,” according to a 2018 survey by the National Association of Women Lawyers, “there is little ev- ernance and practice leadership posts; less “You have to develop leadership skills, and the only idence that these initiatives have led to substantial in- access to senior partners who influence client way to do so is if someone says, ‘you should be on creases in the representation of women at the highest exposure; and the juggle between family the finance committee to get those skills,’ ” said Mary levels of the aw firm.” and career that often falls more heavily on Beth Forshaw, a Simpson Thacher & Bartlett partner in her seventh term on the firm’s executive committee. Still, serious mentoring goes on at women’s initiatives. women. The 114 attorneys on the 2019 list of At Shearman & Sterling, the Women’s Initiative for Notable Women in Law have responded with Younger women must be encouraged to run for these Success, Excellence and Retention, or WISER, asso- an arsenal of techniques to lessen that gap positions, adds Forshaw, who recalls how she put her ciates learn to appreciate the business side of aw. for younger women by developing their lead- name into the ring at a reatively early age. “There’s a Getting a handle on P&L, overhead, compensation, hesitancy, and that needs to change to ‘heck, I can do and managing people are critical skills for leader- ership, legal and business development skills. this,’” she said. Propelled by such support, there now ship roles—and deepen a awyer’s knowledge of her are two younger women on the executive committee. clients’ businesses, said Donna Parisi, the global head “The more we see women in positions of power, the of Shearman & Sterling’s finance business unit and a more we see this as a matter of course,” said Ricki Other skill-development tools are women’s initia- former member of the firm’s executive committee. Roer, who sits on Wilson Elser’s executive committee. tives—formal networking groups that offer programs on “And as women move up the ranks of power,” she career advancement and professional development— “Women need to understand the business side of aw added, “we can begin to address disparities” such as as well as informal women-led alternatives to the old and how that can drive value for clients,” said Parisi. the gender pay gap. boys network. Both can help female associates access high-visibility cases and reationships with key mentors. Nina Roket, founder and chair of the Women’s Access to the aw firm power structure, where the Research suggests, however, that while women’s initia- Committee at Olshan Frome Wolosky, makes sure bulk of compensation and promotion decisions are tives are influential, they are by no means equivalent the initiative polishes business generation skills. A made, is critical. Women who hold aw firm leadership to elevating more women to governance posts. co-administrative partner at the firm, Roket said she
We Congratulate Our Partners Elizabeth Cooper, Mary Beth Forshaw and Lori Lesser for Their Recognition as Notable Women in Law
NEW YORK BEIJING HONG KONG HOUSTON LONDON LOS ANGELES PALO ALTO SÃO PAULO TOKYO WASHINGTON, D.C.
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Crains_Leading _Women_Legal.indd 30 12/18/18 4:39 PM learned that lesson early in her career after joining or- girl network so that we are advocating for each other,” a great opportunity for women,” said Lee. “The old ganizations that nurtured female client reationships. said Lori Lesser, a partner at Simpson Thacher & Bartlett. boy network hasn’t had time to creep in.”
“It opened up my eyes: Guys do this all the time and New “old girl networks” have emerged in specific Women helping women is key to mentorship in the refer work to each other,” said Roket. practice areas where female attorneys have an edge wake of the #MeToo movement. There is talk of male over the traditional attorneys who refuse to be alone in a room with The significance of cluster of older white female associates. Given the volume of men who con- female referral networks ¨“The more we see women in men. That includes trol high-profile assignments and client interactions, has skyrocketed in re- cybersecurity, where such hesitancy threatens successful mentorships. cent years. They develop positions of power, the more women like Lesser, a pipeline of talent that who co-chairs Simpson Conversely, sexual misconduct investigations have can be tapped to meet we see this as a matter of course. Thacher’s privacy and become a key practice area for female employment new benchmarks for And as women move up the cybersecurity practice, awyers and former prosecutors. gender diversity, such as entered a tech area that a recent California aw ranks of power we can begin wasn’t dominated by “Many women are involved because of the sensitivity that sets minimum gen- older men in the early around these investigations,” said Una Dean, a former der-based requirements to address disparities.” 1990s. For a younger federal prosecutor and partner at Fried, Frank, Harris, for boards of directors. Ricki Roer, partner, Wilson Elser generation that grew up Shriver & Jacobson. around technology, it The networks also help was a legal arena where CBS’s board asked ex-prosecutor Nancy Kestenbaum aw firms respond to client pressure to enhance female associates could punch above their weight. of Covington & Burling to co-lead an independent in- diversity among outside counsel. “You didn’t have an entrenched set of experts. Every- vestigation into sexual misconduct allegations against one had an equal paying field,” Lesser recalled. former Chairman and Chief Executive Leslie Moonves. “We expect our aw firms to assign diverse teams to She had led previous investigations involving such all CBS matters for which they have been engaged,” Privacy aw is also a hot area with less competition institutions as Choate Rosemary Hall and the Brearley said Naomi Waltman, CBS Corp.’s executive vice presi- from more senior attorneys. “It’s been a great oppor- School. The #MeToo movement, said Kestenbaum, dent and associate general counsel, litigation. “To pe- tunity for younger awyers,” said Jessica Lee, a Loeb & “definitely has had an impact on my practice. There’s riodically assess compliance, we track the time spent Loeb partner who focuses on privacy and intellectual no doubt there’s been an uptick,” as more companies by diverse awyers on our matters. We also expect the property issues. “It helps that they can understand grapple with allegations. diverse team members to pay a meaningful role in how the tech works, because they grew up with AI, the particuar CBS matter.” blockchain and VR.” Women in particuar are interested in the practice area. “I have no trouble staffing these cases,” added Female referral networks essentially create databases Lee recalls a recent panel on blockchain and virtual Kestenbaum. “They are interesting, and they have a of qualified women. “It’s so important to have that old reality popuated entirely by female attorneys. “What social impact.”
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Crains_Leading _Women_Legal.indd 31 12/18/18 4:39 PM REAL ESTATE TOP COMMERCIAL PROPERTY OWNERS This information was first published April 23, 2018, as a list of 25. Ranked by 2018 rentable building area in Manhattan
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88 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019
P088_CN_20181224.indd 88 12/19/18 4:23 PM REAL ESTATE LARGEST COMMERCIAL PROPERTY MANAGERS This information was first published Oct. 29, 2018, and has since been updated. Ranked by square footage under management in New York City
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P089_P090_CN_20181224.indd 89 12/19/18 6:12 PM
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P089_P090_CN_20181224.indd 90 12/19/18 6:05 PM Location, location, location. Every meeting planner knows that, just as in real estate, where your event takes place is crucial to its success. In 2019, the importance of location gets granular, with the venue you choose being equally, if not, more important than where your event is located. In an e ort to save their events from su ering from sameness, successful meeting planners today are becoming more daring, dramatic and innovative in their venue choices than ever before. e need for “di erent” now extends from programming and technology to the venue where the event is presented.
New York has always been a standout location to host any event. e metropolitan area is home to a variety of unique event venues. ese spaces o er something for everyone: unusual oorplans, out-of-the-box team-building activities, spectacular views, regional avor and exclusive access. In short, the New York area can accommodate every type of event you host, from client entertaining and internal sales meetings to awards presentations and industry gatherings—and do so with style.
With so many venues to choose from, Crain’s Custom o ers our annual venue guide, designed to inspire, inform and invigorate your event planning and venue selections for 2019.
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Crain's Best Venue Guide 2019.indd 1 12/18/2018 3:48:24 PM pier36nyc.com
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With nine LED walls and 28 LED monitors, Pier 36 is the perfect venue for large corporate events, technology conferences, fashion shows, product releases, seated dinners, nonpro t fundraisers, trade shows, concerts and many others.
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Located at Avenue A and Houston in the heart of the East Gotham Hall™ is a former bank turned event space in Village, Kelly’s Sports Bar is your stop for sports-themed the heart of Manhattan. e majestic ballroom with fun and a er-holiday party festivities. Enjoy 11 TVs 70-foot ceilings, ornate mezzanine and adjacent rooms covering all hockey and basketball games, as well as some can accommodate gatherings from 150 to 1,200 guests. old-fashioned bubble hockey! Nollaig shona! Gotham Hall’s one event at a time policy ensures your special occasion will be an unforgettable experience.
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e Ziegfeld Ballroom™ is a former movie theater turned Upstairs at e Kimberly Hotel is a stunning roo op venue event space in midtown Manhattan. e modern Art that o ers 360 degree views of midtown Manhattan and Deco ballroom and divisible balcony is the ideal space for the Chrysler Building. A retractable glass roof makes it the gatherings from 250 to 1,750 guests. Ziegfeld Ballroom ideal year-round destination. Upstairs o ers customizable boasts a one event at a time policy ensuring exclusivity for menus, creative cocktails and the perfect ambiance, you and your guests. making it a great location for any event.
FIVE VENUE TRENDS FOR 2019 Up your event impact e planner who thinks big, will win big in 2019. Make it standard operating procedure to continually challenge your assumptions, research new options, stay up on trends and network with others to keep your idea pool and resource network growing.
There’s no place like home Pride of place, or leveraging local, is a big trend for 2019. You luckystrikesocial.com can nd uniqueness right in your own backyard, particularly in New York. Emphasis has traditionally been on locally grown Create your memorable moments at Lucky Strike foods, but in 2019, it expands to include support of local culture, Manhattan! With 26 premium bowling lanes, 11 billiards commerce and communities. Even outside your home turf, the tables, virtual shooting lounges, live DJs, a shareable menu best events play into a sense of belonging and make participants and handcra ed cocktails, Lucky Strike o ers a variety feel at “home,” according to eventmanagerblog.com. of fun to satisfy any taste. From corporate events to kids’ birthdays, they’ll create your perfect party experience! Use new resources for fresh ideas In addition to sources like Crain’s Venue Guide, think outside the box by searching venues that lm crews use. Website locationhub.com has more than 100,000 locations from which to choose. Working closely with a Convention and Visitors Bureau is also one of your best resources as a planner. Since CVBs are experts on a city or region, you’ll get insider information on established and upcoming areas and venue options.
All-inclusive A trend for the coming year will be to see venues as complete partners in the totality of your event. Venues that provide all- inclusive soup-to-nuts event services are the ones to watch in 2019. ese one-stop shops can save you on planning time and lsc.org/events event budget.
Tired of cookie cutter event venues? Liberty Science Multiple meeting spaces Center in Jersey City, N.J. o ers a delightful change. From As meeting formats have evolved from traditional classroom fun to formal and everything in between, we will create an setups to be more immersive and interactive, Crain’s Custom event that your guests will talk about for months to come. is seeing a move toward multiple meeting spaces in any one Contact our team today! event. Meeting planners are reinventing their spaces to be multipurpose either under one roof or in multiple related spaces. is cluster con guration creates a community feel with distinct areas for education, entertainment and engagement. ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS
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CN018949.indd 2 12/6/18 12:42 PM MEETINGS AND INCENTIVES HYATT ZILARA CANCUN AT HYATT ZILARA TM AND HYATT ZIVA TM ALL¢INCLUSIVE RESORTS ROOMS FOOD BEVERAGE MEETING SPACE
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HYATT ZIVA PUERTO VALLARTA HYATT ZILARA AND ZIVA ROSE HALL, MONTEGO BAY ROOMS FOOD BEVERAGE MEETING SPACE
unique restaurants, bars and lounges , sq. ft. THE HYATT ZILARA AND HYATT ZIVA PACKAGE INCLUDES
Q Complimentary one-hour welcome reception with a selection of cold Q Complimentary VIP amenities hors d’oeuvres and welcome dinner served bu¦ et style, three hours open Q Complimentary rooms based on group size premium bar, basic décor and lighting, set up with available house linens Q Complimentary suite upgrades Q Private group check in with signature cocktails HYATT ZILARA ROSE HALL Q Discounts on spa services Q Meeting room rental for general session, break-out rooms and event spaces Q Special rates for sta¦ rooms ROOMS FOOD BEVERAGE MEETING SPACE Q World of Hyatt loyalty program unique restaurants, bars and lounges plus , sq. ft. of shared exclusive access to Hyatt Ziva Rose Hall space between Ziva and Zilara
Ease and Convenience OF AN ALLINCLUSIVE EVENT Experience the difference of an all-inclusive event at Hyatt Zilara or Hyatt Ziva. We offer one flat rate, incredible facilities in oceanfront locations, authentic HYATT ZIVA ROSE HALL cuisine and chef-inspired menus, plus easy budgeting. Start planning your event today.
Q Dedicated conference service managers reduce the stress of planning Q No food and beverage minimums to worry about ROOMS FOOD BEVERAGE MEETING SPACE
Q Ease of budgeting and billing Q No stress of getting the bill after a meal ¡ unique restaurants, bars and lounges , sq. ft. of shared
Q No out-of-pocket expenses for program attendees Q Themed events creating memorable experiences for attendees space between Ziva and Zilara
Q Outstanding value and ROI
HYATT ZILARA CAP CANA OPENING ¡ HYATT ZILARA HYATT ZIVA ALLINCLUSIVE RESORTS ALSO INCLUDE:
Q Prime oceanfront location in a world-class destination Q 24-hour in-suite dining ROOMS FOOD BEVERAGE MEETING SPACE
Q Hospitality from globally recognized brand specializing Q Minibars stocked daily with beer, soda and light snacks unique restaurants, bars and lounges , sq. ft. of meeting space in Meetings & Incentive Programs Q Live daily and evening entertainment between Ziva and Zilara Q Premium spirits, cocktails, wines and beers plus tequila and rum sommeliers Q World of Hyatt loyalty program Q Specialty co¦ ees, teas and bottled water Q Wi-Fi in public areas and guest rooms Q No reservations required for unlimited fi ne dining in our Q All resort fees, gratuities and taxes specialty restaurants HYATT ZIVA CAP CANA OPENING ¡
Q Chef-inspired menus that create culturally authentic experiences ROOMS FOOD BEVERAGE MEETING SPACE
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CN018949.indd 3 12/6/18 12:42 PM REAL ESTATE LARGEST CONSTRUCTION FIRMS This information was first published July 9, 2018. Ranked by 2017 New York–area revenue
SELECTIVE EXPANSION E-INDUSTRY The e-commerce boom has led to rapid growth in new .T. MAGEN has been busy. Metro-area rev- construction of local warehouses. enue at the 26-year-old company grew by Warehouse area (in millions of square feet) $23.8B MARKET VALUE of 20.8% from 2016 to 2017, one of the big- 5 gest jumps on the latest Crain’s list of New 4.1 new commercial JYork’s largest construction rms. In 2018 4 construction built the company forecasted a local revenue from 2013 to 2017, 3 yielding 73 million bump of an additional 8%, even though the square feet of space contractor was trying to temper its expansion 2 in a robust market. “ ere seems to be an oversupply of work at 1 the moment,” said Maurice Regan, founder and 0 chief executive. “We have to be selective. We can’t take every job and be 2013 2014 2015 2016 2017 successful for every client. at’s what gets companies in trouble. We try to take on work only when we can provide good service.” AN OPTIMISTIC TONE J.T. Magen has o ces in Chicago and Los Angeles, but most of the rm’s volume is in projects here. Of the contractor’s 2017 total revenue, In expecting revenue to go from $1.4 billion in 2017 to $2.1 billion in 2018, Structure Tone 81% came from metro-area work. And a signi cant portion of its e orts was forecasted to have the biggest rise among rms on the list. have gone into a single job: the o ce-to-residential conversion of 1 Wall Projected increase in revenue St., the former Bank of New York Mellon headquarters. One of the largest STRUCTURE TONE ORGANIZATION conversions of a prewar building in the city, the 1 Wall St. job is contracted +51.6% for approximately $800 million over four years. “It’s maybe 15% of our business,” Regan said. “What we found attrac- HUDSON MERIDIAN CONSTRUCTION GROUP tive about the project was its longevity. Most interiors projects are six +32.6% months to a year in duration. Instead, we’re booking work three years in BENCHMARK BUILDERS INC. advance. It’s a great foundation job.” Lining up future work is particularly important now, as certain nan- +23.5% cial indicators lead Regan to believe that a downturn in the market is OHL USA INC. coming in the next two years. But the Irish ex-pat adjusted his business +23.4% model in response to the last decade’s boom and bust, and Regan thinks his rm is now better prepared to weather the next storm. T.G. NICKEL & ASSOCIATES “We had to become more e cient and make the company a little bit +20.7% larger,” he said. “ e company is now stronger and more diversi ed. Hopefully we’ll be stronger than our competitors.” — GERALD SCHIFMAN SOURCES: New York Building Congress, Crain’s research
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P096_P097_CN_20181224.indd 97 12/20/18 5:44 PM REAL ESTATE LARGEST REAL ESTATE INVESTMENT TRUSTS This information was first published Sept. 17, 2018. Ranked by the total New York–area square footage owned Square footage and dollar gures in millions
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P098_P099_CN_20181224.indd 99 12/20/18 4:51 PM CN018972.inddCNYB_FullPage.indd 1 1 12/18/201812/20/18 10:59:13 12:57 AM PM TECHNOLOGY TECH 25 This information was first published May 7, 2018. City companies ranked by venture capital raised from April 2017 to March 2018
ADDING VENTURE FLUSH IN FUNDING The most deals in the time period were made with city startups in early stage Series A and B enture funding is owing through New rounds. In the later rounds, more mature companies took home the biggest sums. York’s tech startups. In the rst quarter Series F Series G of 2018, VC-backed companies in the 1.6% 0.4% metro area took in $2.6 billion in invest- Series E Series F ments,V according to the MoneyTree deal-tracking 2.3% 5.1% Series G tool from PwC and CB Insights. e city’s total 10.2% represented a 61% increase from the rst quarter Series D Series A 6.3% 19.4% of 2017 and was just a shade below the record-high Series A $2.7 billion raised in Q1 2016. 46.1% Series E 15.1% “People are recognizing that New York is a re- BOB GREENE Series C ally attractive place to build companies,” said Bob 16.4% Series B 19.5% Greene, managing partner at Midtown East–based Series D 9.2% Contour Venture Partners. “Some sectors are very big in New York, like Series B Series C ntech, enterprise so ware, e-health and e-commerce.” 27.0% 21.5% Contour specializes in seed and Series A funding for local startups. Greene and his two partners invest in four to six new companies each year, taking a hands-on role in strategy, product innovation and custom- PORTION OF VENTURE DEALS PORTION OF VENTURE FUNDING er development. By and large, the startups on the inaugural Crain’s Tech 25 ranking are past that stage. Fundraising rounds for nearly three-quar- KNOWN UNKNOWNS ters of the companies on the list were labeled as Series C or later, indi- Not included in this edition of the Tech 25 were New York rms without a de ned venture cating an advanced phase of development. Plus, the majority of ranked series. That subgroup was led by Oscar, the health insurance startup run by Mario Schlosser rms were founded at least six years ago, which could be considered old that raised $165 million in March 2018 on a reported valuation of $3.2 billion. in the fast-moving tech sector. Money raised Beyond the late-stage venture rounds lies another signi cant funding OSCAR HEALTH source: deals speci cally categorized as private equity. If those transac- $165M tions were factored into Crain’s ranking, WeWork would top the list by INTERSECTION much more than $210 million. In August 2017 Japanese conglomerate So bank paid $4.4 billion for a private-equity stake in the co-working $150M giant. e deal, pegged by Crunchbase as the biggest private-equity in- NOBLE FOUR PARTNERS vestment ever for a New York tech rm, pushed WeWork’s valuation to $20 billion and allowed the Chelsea-based rm to expand its operations $150M in Asia. BRAEBURN PHARMACEUTICALS And there are plenty of local private-equity rms looking to get skin in the game. $110M “ ere’s a lot of money sitting here,” Greene said. “And when a R3 company exhibits some decent success, investors tend to le in. From $107M there, companies really take o with access to more capital and soaring valuations.” — GERALD SCHIFMAN SOURCE: Crunchbase
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P101_P102_CN_20181224.indd 102 12/20/18 4:52 PM TECHNOLOGY MOST ACTIVE VENTURE CAPITAL FIRMS This information was first published Feb. 19, 2018. Ranked by the number of 2017 investments in metro area–based startups
CLOSING THE GAP TRENDS INVESTMENT ESCALATION ith the tech eld still predominantly male, the 2018 list On average, the amount of venture funding invested in of Crain’s top venture capital rms is marked by a note- New York metro area rms has grown by 36% per year. worthy development: three companies run by women Total amount (in billions) took spots in the ranking. e Female Founders Fund $11.5 $4.3B (No.W 13), BBG Ventures and Forerunner Ventures (tied for No. 16) AMOUNT INVESTED each made at least nine investments in New York metro area startups in local rms in Q3 in 2017. 2017, a record high “ ere’s been a massive increase in awareness of how challenging for a single quarter it is for female founders to be funded,” said Vicki Saunders, a Toron- to-based entrepreneur and the founder of SheEO, a crowdfunding platform that supports women’s startups. “Wom- en see the world through a di erent lens than % men, which informs how they come up with their ideas. It’s harder for men to see the same oppor- tunities. at’s a problem because many venture 2.2SHARE of VC capitalists make their choices based on their ex- funding for periences.” DONE DEALS women-owned Just 4.4% of all venture capital deals went to NUMBER OF Even though spending totals are skyrocketing, the companies in women-owned companies in 2017, according to investments number of deals with New York rms has dipped 2017 PitchBook, a nancial data and so ware compa- in NYC slightly in 2016 and 2017. Number of deals ny. And the share of total venture funding ob- 275 startups by tained by women was even slimmer, at a mere 2.2%. Crain’s top 771 756 741 Firms like the trio on Crain’s list are striving to x the imbalance. e 24 in 2017 731 667 Female Founders Fund and BBG Ventures, both established within the past decade, devote all of their funding activities to early stage startups 567 led by women. And though Forerunner Ventures doesn’t exclusively NUMBER OF listed invest in women’s businesses—it previously funded once-small New rms that made tness- York operations Bonobos and Warby Parker—founder Kirsten Green class subscription has made a point of supporting them. is year that included Away, a 3 service ClassPass one smart-luggage company in NoHo started by two women in 2015. Still, of their biggest evening out the statistics will take many years. investments “I think it’s going to take a generation to shi this,” Saunders said. SOURCES: Crain’s research, DJX “I expect hundreds and thousands of female-run funds to spring up VentureSource worldwide.” — GERALD SCHIFMAN SOURCE: PwC/CB Insights MoneyTree Explorer
BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 103
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P103_P104_CN_20181224.indd 104 12/20/18 4:59 PM TO PLACE A CLASSIFIED AD, CALL 1 212-210-0189 OR EMAIL [email protected]
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Townsend Bldg., 401 Federal Auth. filed with Secy. of State of NY LQFOZULW·JVWDWHPHQWVWRDQDO\]HGDWD tion: NY County. Princ. office of LLC: St., Dover, DE 19901. Purpose: Any (SSNY) on 11/19/18. Office location: 60 Columbus Circle, NY, NY 10023. IXQFWQVLQ06([FHOLQFO9/22.83 lawful activity. NY County. LLC formed in Delaware (DE) on 05/02/17. SSNY designated SSNY designated as agent of LLC upon SLYRWWDEOHV JOREDOFDSLWDOPNWV as agent of LLC upon whom process whom process against it may be YDULRXVÀQDQLQVWUXPHQWVLQFOYDOXDWQ NOTICE OF FORMATION of THE HAPPY against it may be served. SSNY shall served. SSNY shall mail process to Cor- RIHTXLW\I[GLQFRPH DOWVHFXULW\ PENGUIN LLC. Arts. Of Org. filed with poration Service Co., 80 State St., Alba- mail process to c/o Corporation Serv- W\SHV5HVXPHV -$OYLD$OOLDQFH%HU- Secy of State of NY (SSNY) on 11/ ice Co., 80 State St., Albany, NY ny, NY 12207-2543. Purpose: Any law- 8/18. Office Location: NY County. 12207-2543. DE addr. of LLC: 251 Lit- ful activity. QVWHLQ/3$YHRIWKH$PHUL- SSNY designated agent upon whom tle Falls Dr., Wilmington, DE 19808. FDV1HZ BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 105 P0105_CN_20181224.indd 105 12/18/18 3:07 PM Advertising Section PEOPLE ON THE MOVE To place your listing, visit crainsnewyork.com/POTM or for more information contact Debora Stein at [email protected] ADVERTISING/PR/MARKETING FINANCIAL SERVICES LEGAL SERVICES LEGAL SERVICES The Brand Guild Even Financial Hodgson Russ Hodgson Russ Sarah Lawson joins Nadine Murray Hodgson Russ attorney Mila Buckner has The Brand Guild as its has joined Even, Nathaniel W. Lucek recently joined the law Director of Strategy. In the leading search, was recently named rm of Hodgson Russ her new role, Lawson comparison and Secretary General as an Associate. Mila will work with the recommendation of the Belgian- focuses her practice on agency’s teams on engine for nancial American Chamber of assisting clients with overall strategy across brand services. She was previously at Commerce. issues involving environmental partners and will spearhead the J.P. Morgan Chase, where she law. Prior to Hodgson Russ, Mila new NYC of ce. Lawson joins the served as VP and led digital was an attorney with a rm in San Brand Guild from Fast Company. marketing and acquisition Francisco. programs for the consumer bank. CONSTRUCTION MANAGEMENT HEALTH CARE HEALTH CARE Aurora Contractors, Inc. The New Jewish Home The New Jewish Home Frank Vero, Jr. was Ed Wu, M.D., M.S., Anne Meara, R.N., REAL ESTATE promoted to Chief MBA joins The New MBA joins The New BEB Capital Executive Of cer of Jewish Home, a Jewish Home, a Aurora Contractors, comprehensive health comprehensive health Donna Gehnrich Inc. He currently care system serving care system serving joined BEB Capital in directs all operations older New Yorkers older New Yorkers December 2014 as at Aurora, overseeing projects since 1848, as Chief Medical since 1848, as SVP of Business a Paralegal. Donna’s from estimating to completion. Of cer. An internal medicine Development. With more than primary focus is His primary focus is to create physician and a forward- 25 years of experience in health working to improve long term relationships with thinking executive known for his care operations management the ef ciency of the Operations our clients, provide exceptional integration of technology and and development, Anne will team which includes researching customer service, and to service analytics to advance patient care, be responsible for establishing and instituting forward looking with character, professionalism, Dr. Wu will direct the delivery innovative partnerships and software and policies. Donna honesty, and fairness. Frank will of care for the 10,000 clients exploring progressive models also manages and coordinates continue to work closely with Jewish Home serves annually. Dr. to enhance client services. Prior investor opportunities and acts as executive leadership teams Wu previously served as CMO to joining The New Jewish a liaison to our investors and the regarding all ongoing education of Spring Health, a platform Home, Anne was VP of Care executive team. Donna holds a and impart leadership to that uses leading technology to Management at NYU Langone Juris Doctor degree from Albany employees. improve mental health. Health System. Law School. CONSTRUCTION MANAGEMENT NON-PROFIT Structure Tone Children’s Museum of Manhattan Terry Robbins has been promoted to Jane McIntosh has Structure Tone’s Senior been selected by the Vice President and Children’s Museum of Chief Information Manhattan as Chief Of cer. As VP of Advancement Of cer. IT since 2006, Robbins has She will lead Development, centralized the company’s Communications, PR and IT management and been Marketing as the museum instrumental in implementing new prepares for its move to 361 technologies. Central Park West.consumer bank. CONSTRUCTION MANAGEMENT BEAUTY & HAIRCARE Structure Tone DevaCurl Bill Sharp has been Robert Schaef er promoted to Senior has been appointed Vice President, Risk CEO at DevaCurl, the Management at industry leader in curly Structure Tone. Under hair. Schaef er will Sharp’s leadership, focus on accelerating STO’s risk management has DevaCurl’s growth and continuing been centralized and enhanced to build awareness among as the rm incorporated new consumers and stylists. technologies and improved processes. 106 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019 P106_CN_20181224.indd 106 12/20/18 3:47 PM INDEX TO THE 2019 BOOK OF LISTS ENTITY ------PAGE A C DHR International Inc. ------43 GGP Inc. ------99 JLL ------89 Acadia Realty Trust ------98 Cadre ------102 Dime ------28 GGV Capital ------104 John Jay College of Criminal Justice ---20 Accel Partners ------103 Cahill Gordon & Reindel ------56 Distinctive Personnel ------43 Gibson, Dunn & Crutcher ------56 JPB Foundation ------34 Adams & Co. Real Estate ------90 Caisse de depot et placement du Doctors Without Borders USA Inc. --35 Gilbane Building Co. ------96 JPMorgan Chase & Co. ------18, 26, 88 AECOM ------52, 53 Quebec ------88 Doris Duke Charitable Foundation --34 Global Research ------43 JPMorgan Chase Bank------27 AECOM Tishman ------96 Canaan Partners ------104 DRG Search ------43 Glocap Inc. ------43 JW Michaels & Co. ------42 Alexander’s Inc. ------98 CannonDesign ------52 Duke Realty Corp. ------99 Goldman Sachs Bank ------26 K Alfred P. Sloan Foundation ------34 Capital One Bank ------26, 27 Durst Organization ------88, 89 Goldstein Lieberman & Co. ------50 Kallyope ------102 American Jewish Joint Distribution CareMount Medical ------32 E Good Samaritan Hospital ------30 Kaufman Organization ------89 Committee Inc. ------35 Carnegie Corp. of New York ------34 East West Bank ------26 Grant Thornton ------44 Kearny Bank ------28 American Museum Carver Federal Savings Bank ------28 Edison Partners ------103 Grassi & Co. ------50 Kiewit Corp. ------97 of Natural History------36 Casper ------101 Egon Zehnder International ------43 Green Key Resources ------42 Kimco Realty Corp. ------98 American Society for the Prevention Cathay Bank ------26 EisnerAmper ------44 Greycroft Partners ------103 Kirkland & Ellis ------55 of Cruelty to Animals------36 Catholic Medical Mission Board Inc. --35 Emigrant Bank ------28 GV ------104 Kobalt ------102 Anchin Block & Anchin ------50 CBIZ and Mayer Hoffman McCann Empire State Certi ed Development H Kohn Pedersen Fox Associates ------51 Andrew W. Mellon Foundation ------34 CPAs ------50 Corp. ------27 H&R Real Estate Investment Trust ---99 Koren Rogers Executive Search ------43 Apple Bank for Savings ------28 CBRE Group Inc. ------89 Empire State Realty H2M Architects + Engineers -----52, 53 Korn/Ferry International ------43 Arcadis North America ------53 Celtic Bank Corp. ------27 Trust Inc. ------88, 89, 98 Hackensack Meridian Health Medical KPMG ------44 Arup ------53 CetraRuddy Architecture ------51 Englewood Health Physician Group ------32 Kramer Levin Naftalis & Frankel -----56 Ascott Residence Trust ------99 Citibank ------26 Network ------32 Hackensack University Medical L Atlantic Group ------42 Citigroup Inc. ------19 Ennead Architects ------51 Center ------29 L&L Holding Co. ------89 Atlantic Medical Group ------32 Citrin Cooperman & Co.------44 Equity Residential ------98 HAKS ------53 Langan ------53 AvalonBay Communities Inc. ------98 City College ------20 EwingCole ------52 Harry’s ------102 Latham & Watkins ------56 B City National Bank ------26 Executive HealthSearch Inc. ------43 Haven Savings Bank ------28 Legal Aid Society ------35 Baker Tilly Virchow Krause ------50 City of New York ------18, 88 Extra Space Storage Inc. ------98 Hazen and Sawyer------53 Lehman College ------22 Bank of America ------18, 26, 27 ClassPass ------102 EY ------44 Heidrick & Struggles International Lemonade ------102 Bank of Hope ------26, 27 Cleary Gottlieb Steen & Hamilton ----56 F Inc. ------43 Lendlease (US) Construction Bank of New York Mellon ------26 Clipper Realty Inc. ------98 Fashion Institute of Technology ------20 Hill West Architects ------52 LMB Inc. ------96 BankUnited ------26 CNY Group ------97 Female Founders Fund ------104 Hines ------88, 89 Lenox Hill Hospital ------30 Barnard College ------22 Coda Search ------43 FGI Worldwide ------101 HNTB New York Engineering and Leona M. and Harry B. Helmsley Baruch College ------20 Cohen Brothers Realty Corp. ----88, 89 FinWise Bank ------27 Architecture ------53 Charitable Trust ------34 BBG Ventures ------104 CohnReznick------44 First Central Savings Bank ------28 HOK ------51 Lerer Hippeau Ventures------103 BDO ------44 College of Staten Island ------20 First Home Bank ------27 Hospital for Special Surgery------30 Leukemia & Lymphoma Society Inc. -35 Benchmark Builders Inc. ------97 Colliers International------89 First IC Bank ------27 Howard-Sloan Professional Search --43 LiRo Group ------53 Berdon ------50 Columbia Bank ------28 First Republic ------26 HSBC Bank USA ------26 Live Oak Banking Co. ------27 Bessemer Venture Partners ------103 Columbia Property Trust Inc. ------98 FirstMark Capital ------104 Hudson Meridian Construction Long Island Jewish Medical Center ----29 Betterment ------102 Columbia University ------18, 20 Fisher Brothers Management Co. ---90 Group ------97 LRC Construction ------97 Beyer Blinder Belle Architects and ColumbiaDoctors ------32 Ford Foundation ------34 Hunter College ------20 M Planners ------52 Compass ------101 Fordham University ------20 Hunter Roberts Construction Group --97 Macerich Co. ------98 Blackstone Group ------88 Connecticut Innovations ------103 Forerunner Ventures ------104 I Mack-Cali Realty Corp. ------98 Blink Health ------102 Contour Venture Partners ------103 Forest City Realty Trust Inc. ------98 Institute of International Education --35 Macy’s ------18 Bloomberg Family Foundation ------34 Convene ------102 Forum Group ------42 International Rescue Committee Maimonides Medical Center ------30 BNB Bank ------27 Cravath, Swaine & Moore ------55 Foundation to Promote Open Inc. ------35 Manhattan College ------22 BNY Mellon ------26 Cross River Bank ------27 Society ------34 Investors Bank ------28 Manufacturers and Traders Bogota Savings Bank ------28 Crowe ------50 Freshly ------102 InVision ------102 Trust Co. ------26, 27 Boiling Springs Savings Bank ------28 Cushman & Wake eld Inc. ------89 Fried Frank Harris Shriver & J Marcum ------44 Boston Properties Inc. ------88, 89, 98 D Jacobson ------56 J.T. Magen & Co. Inc. ------97 Margolin, Winer & Evens ------50 Boswell Engineering ------54 Dattner Architects ------52 Friedman ------50 Jack Resnick & Sons Inc. ------90 Marks Paneth ------50 BoxGroup ------104 Davis Polk & Wardwell ------55 FXCollaborative ------51 Jacobs ------53 Maspeth Federal Savings and Loan Bread ------101 Debevoise & Plimpton ------56 G Janover ------50 Association ------28 BronxCare Health System ------30 Deloitte ------44 General Catalyst Partners ------104 JDRF International ------36 Mazars USA ------50 Brook eld Properties ------88, 89 DeSimone Consulting Engineers ----54 Gensler ------51 Jewish Board of Family and Children’s MBAF ------50 Brooklyn Bridge Ventures ------104 Deutsche Bank Trust Co. Americas --26 George Comfort & Sons Inc. ------89 Services Inc. ------35 McLaren Engineering Group ------54 Brooklyn College ------20 Dewberry ------53 GFP Real Estate ------88 Jewish Communal Fund ------35 Medgar Evers College ------22 FOR ALL CRAIN’S LISTS, VISIT CRAINSNEWYORK.COM/LISTS. BOOK OF LISTS 2019 | CRAIN’S NEW YORK BUSINESS | 107 P107_P108_CN_20181224.indd 107 12/20/18 5:49 PM INDEX TO THE 2019 BOOK OF LISTS CRAINSNEW YORK BUSINESS president K.C. Crain senior executive vice president Chris Crain group publisher Mary Kramer ENTITY ------PAGE EDITORIAL managing editor Brendan O’Connor Memorial Sloan Kettering Cancer NVE Bank ------28 Ropes & Gray ------56 TD Bank ------26, 27 assistant managing editors Erik Engquist, Center ------29 NYC Health and Hospitals ------18 Roselle Savings Bank ------28 Teach for America Inc. ------35 Jeanhee Kim copy desk chief Telisha Bryan Metropolitan Museum of Art ------35 NYC Health and Hospitals/ RRE Ventures ------104 Tectonic Engineering & Surveying art director Carolyn McClain Metropolitan Opera Bellevue ------30 RSI Bank ------28 Consultants ------54 photographer Buck Ennis digital editor Gabriella Iannetta Association Inc. 35 NYC Health and Hospitals/Jacobi 30 RSM US 50 The Bachrach Group 42 ------data editor Gerald Schifman Metropolitan Transportation NYC Health and Hospitals/Kings Rudin Management Co. Inc. -----88, 89 The Execu|Search Group ------43 senior reporters Joe Anuta, Aaron Elstein, Matthew Flamm, Daniel Geiger Authority 18 County 30 Russell Reynolds Associates 43 The New School 22 ------reporters Will Bredderman, Milbank Tweed Hadley & McCloy ----56 NYU Faculty Group Practice ------32 RWJ Barnabas Health Medical Thornton Tomasetti Inc. ------53 Jennifer Henderson, Jonathan LaMantia digital fellow Lizeth Beltran Moda Operandi ------101 NYU Langone Health ------18, 29 Group ------32 Thrive Capital ------104 columnist Greg David contributors Tom Acitelli, Cara Eisenpress, Monadnock Construction Inc. ------97 NYU Winthrop Hospital ------29 RXR Realty ------88, 89 Tishman Speyer ------88, 89 Cheryl S. Grant, Yoona Ha, Chris Kobiella, Monte ore Health System ------18 O S TPG Architecture ------52 Miriam Kreinin Souccar to contact the newsroom: Monte ore Medical Center ------29 OHL USA Inc. ------97 Saint Barnabas Medical Center -----30 Triton Construction ------97 www.crainsnewyork.com/staff Monte ore Medical Group ------32 Open Society Institute ------34 Santander Bank ------26, 27 Turner Construction Co. ------96 212.210.0100 685 Third Ave., New York, NY 10017-4024 Morgan Stanley ------19 Options Group ------42 Savoy Bank ------27 Tutor Perini Corp. ------96 ADVERTISING Morgan Stanley Private Bank ------26 Oritani Bank ------28 Sax ------50 24 Seven Inc. ------42 www.crainsnewyork.com/advertise Mount Sinai Beth Israel ------30 P SB Clinical Practice Management Two Sigma Investments ------104 advertising director Irene Bar-Am, 212.210.0133, [email protected] Mount Sinai Doctors Faculty Pace University ------20 Plan Inc. ------32 U senior account managers Lauren Black, Rob Pierce, Stuart Smilowitz Practice ------32 Paramount Group Inc. ------88, 89, 98 Schulte Roth & Zabel ------56 UDR Inc.------98 account manager Jameson Roberts Mount Sinai Health System ------18 Parsons ------53 SCO Family of Services ------35 UiPath ------101 integrated marketing manager Jonathan Yan, 212.210.0290, [email protected] Mount Sinai Hospital 29 Paul Hastings 56 Shawmut Design and Construction 97 UJA-Federation of New York 35 ------associate art director/marketing Mount Sinai St. Luke’s-Roosevelt----30 Paul Weiss Rifkind Wharton & Shearman & Sterling ------56 Union County Savings Bank ------28 Charles Fontanilla, 212.210.0145 [email protected] Mueser Rutledge Consulting Garrison ------55 Sidley Austin ------56 United Masters------102 sales coordinator Devin Cavallo, 212.210.0701, [email protected] Engineers ------54 PCSB Bank ------28 Signature Bank ------26 United States Fund for UNICEF & CUSTOM CONTENT Museum of Modern Art ------36 Pei Cobb Freed & Partners Silverstein Properties Inc. ------88, 89 Af liates ------35 director of custom content N Architects ------52 Simon Property Group Inc. ------98 United States government ------18 Patty Oppenheimer, 212.210.0711, [email protected] NBBJ ------52 Peloton ------101 Simons Foundation ------34 University Physicians of Brooklyn ----32 custom project manager Danielle Brody, [email protected] New Enterprise Associates ------103 Peoples United Bank ------26 Simpson Thacher & Bartlett ------55 Urban Edge Properties ------98 EVENTS New Millennium Bank ------27 Perkins & Will ------52 Skadden Arps Slate Meagher & Flom Urstadt Biddle Properties Inc.------99 www.crainsnewyork.com/events New York Blood Center ------35 Perkins Eastman ------51 and Af liates ------55 V director of conferences & events Courtney Williams, 212.210.0257, New York Business Development PKF O’Connor Davies ------50 Skanska USA ------96 Valley National Bank ------26 [email protected] Corp. ------27 Plaza Construction ------97 Skidmore, Owings & Merrill ------51 Viscusi Group ------43 manager of conferences & events Ashlee Schuppius, New York City Department of PNC Bank ------26 SL Green Realty Corp. ------88, 89, 98 Vornado Realty Trust ------88, 89, 98 [email protected] Education ------18 Ponce De Leon Federal Bank ------28 SLCE Architects ------52 Vroom ------102 AUDIENCE DEVELOPMENT group director, audience development New York City Fire Department ------18 Prager Metis CPAs ------50 Solomon Page Group ------42 W Jennifer Mosley, [email protected] New York City Police Department ----18 Pratt Institute ------22 SOSV ------104 Wachtell Lipton Rosen & Katz ------56 REPRINTS reprint account executive Lauren Melesio, New York Community Bank ------28 Prevail Therapeutics ------102 Spector Group ------51 Wallace Foundation ------34 212.210.0707 New York Community Trustv34 Primary Venture Partners ------104 Spencer Savings Bank ------28 Warby Parker ------102 PRODUCTION New York REIT Inc. ------99 ProHEALTH Care ------32 Spencer Stuart ------43 Weil, Gotshal & Manges ------55 production and pre-press director Simone Pryce New York Universityv18, 20 Project Orbis International Inc. ------35 Spring ------102 Weill Cornell Medicine Physician media services manager Nicole Spell New York-Presbyterian Brooklyn Proskauer ------56 St. Francis Hospital ------30 Organization ------32 SUBSCRIPTION CUSTOMER SERVICE www.crainsnewyork.com/subscribe Methodist Hospital 30 Provident Bank 28 St. John’s University 20 Wells Fargo Bank 26, 27 [email protected] New York-Presbyterian Hospital ---18, 29 Public Health Solutions ------35 Stantec ------53 Westmed Medical Group ------32 877.824.9379 (in the U.S. and Canada). $3.00 a copy for the print edition; or $99.95 New York-Presbyterian Queens ------30 PwC ------44 Starr Foundation ------34 WeWork ------101 one year, $179.95 two years, for print subscriptions with digital access. NewBank ------27 Q Stash ------102 White & Case ------56 Entire contents ©copyright 2018 Newmark Knight Frank 89 Qatar Investment Authority 88 State of New York 18 Wildlife Conservation Society 35 ------Crain Communications Inc. All rights Newtek Small Business Queens College ------20 Staten Island University Hospital ----30 Willkie Farr & Gallagher ------56 reserved. ©CityBusiness is a registered trademark of MCP Inc., used under license Finance Inc. ------27 R Stephen B. Jacobs Group ------52 Wiss & Co. ------50 agreement. NK Architects ------52 Raich Ende Malter & Co. ------50 Stephen-Bradford Search ------43 WithumSmith & Brown ------50 CRAIN COMMUNICATIONS INC. chairman Keith E. Crain Noah Bank 27 Readycap Lending 27 Sterling National Bank 26 Woori America Bank 27 ------vice chairman Mary Kay Crain North Shore University Hospital -----29 Regional Business Assistance Stony Brook University Hospital -----29 WSP USA------53 president K.C. Crain senior executive vice president Chris Crain NorthEast Community Bank 28 Corp. 27 Structure Tone Organization 96 Y ------secretary Lexie Crain Armstrong North eld Bank ------28 Ridgewood Savings Bank ------28 STV ------51, 53 Y Combinator ------104 editor-in-chief emeritus Rance Crain chief nancial of cer Robert Recchia Northwell Health ------18 Robert A.M. Stern Architects ------51 Sullivan & Cromwell ------55 YAI Inc. ------36 founder G.D. Crain Jr. [1885-1973] Northwell Health Physician Partners --32 Robin Hood Foundation ------35 Summit Medical Group------32 Yeshiva University------22 chairman Mrs. G.D. Crain Jr. [1911-1996] Norwegian Government Pension Rockefeller Foundation ------34 T Z Fund Global ------88 Rockefeller Group ------90 T.G. Nickel & Associates------97 Zeta Global ------102 108 | CRAIN’S NEW YORK BUSINESS | BOOK OF LISTS 2019 P107_P108_CN_20181224.indd 108 12/20/18 5:50 PM LEADERSHIP THRIVES ON DIVERSITY. The Diversity in Arts Leadership internship program (DIAL) has placed more than 250 students into 116 New York City arts nonprofit organizations over its 26-year history. Academy of American Poets Film Society of Lincoln Center Make Music NY Staten Island Children’s Museum Alvin Ailey American Dance Theater Found Sound Nation Manhattan New Music Project Studio Museum in Harlem Alvin Ailey Dance Foundation Fourth Arts Block Mark Morris Dance Group TADA! Youth Theater American Documentary/POV Fraunces Tavern Museum Meredith Monk/The House Thalia Spanish Theatre American Federation of Arts Free Arts NYC Foundation for the Arts The Americas Society American Folk Art Museum French Institute/Alliance Francaise MoMA PS1 The Boys Choir of Harlem Artists Space Gina Gibney Dance, Inc. Museum of Arts & Design The Bronx Museum of the Arts Asian American Arts Alliance Green-Wood Historic Fund Museum of Contemporary The Brooklyn Historical Society Atlantic Theater Company Harlem Arts Alliance African Diasporan Arts The Classical Theatre of Harlem Ballet Hispanico Harlem Renaissance Economic Museum of the City of New York The Field Battery Dance Company Development Corporation National Dance Institute The Joyce Theater Bronx Museum of the Arts Harlem School of the Arts National Endowment for the Arts The Joyce Theater Foundation Brooklyn Arts Council, Inc. Heart of Brooklyn New Federal Theatre The Moth Brooklyn Children's Museum Henry Street Settlement New Museum The Museum of American Folk Art Brooklyn Museum of Art High 5 Tickets to the Arts New York City Opera The New Group Brooklyn-Queens Conservatory of Music Hospital Audiences New York Foundation for the Arts The New York Hall of Science Bryant Park Restoration Corporation Intar Hispanic American Arts Center New York Youth Symphony The New York Musical Theatre Festival Central Park Summerstage International Center of Photography NY Musical Theatre Festival The Solomon R. Guggenheim Museum Children’s Arts Carnival Jamaica Center for Arts & Learning Orchestra of St. Luke’s Theatre Development Fund Children’s Museum of the Arts Jazzmobile, Inc. Opening Act Theatre of Riverside Church Clemente Soto Velez Cultural Center Jose Limon Playwrights Horizons Theatreworks USA Community Works JPMorgan Chase Art Collection Queens Symphony Orchestra Tribeca Performing Arts Center Creative Time Kaufman Music Center Queens Theatre in the Park Trisha Brown Dance Company CSC Repertory Theatre Lar Lubovitch Dance Company Repertorio Espanol Upper Manhattan Empowerment Dance Theatre of Harlem Lincoln Center for the Performing Arts Rosie’s Theater Kids Zone Development Corporation Dance Theatre Workshop Lincoln Center Theater Sing for Hope Wave Hill Dance/NYC Little Orchestra Society Snug Harbor Cultural Center Westchester Arts Council Dancing in the Streets Louis Armstrong House Museum Socrates Sculpture Park WNYC/ NY Public Radio El Museo del Barrio Lower East Side Tenement Museum St. Luke’s Chamber Ensemble Young Audiences/New York Starting Artists The Diversity in Arts Leadership internship trains and mentors college students—from backgrounds traditionally untapped for arts management—to become future arts leaders. Americans for the Arts matches interns with cultural organizations and business mentors for a challenging summer of professional and personal growth. The 2018 DIAL Interns Christian London Hillary Rachel Kaylee Karen Citlali Tiana Ami Alexis Sruti Rosa Trey Burke Carlisle Karl-Otto Kim Ma Navarrete Pizarro Raimist-Carter Scherson Simmons Suryanarayanan Araceli Torres This program is possible thanks to the many partners that have supported it throughout its history including current donors: Con Edison | The NYC Department of Cultural Affairs | Mertz Gilmore Foundation | The Milton and Sally Avery Arts Foundation Learn more at www.AmericansForTheArts.org/DIAL CN018951.indd 1 12/6/18 12:39 PM 150 years of global banking experience. Just around the corner. Santander Commercial Banking Whether your goal is to grow your business locally, enter an international market, or expand to multiple new markets, our goal is simple: to help you achieve it. Anchored in lasting loyalty and dedication to client prosperity, we deliver meaningful value throughout the business lifecycle. To start a conversation about partnering with Santander Commercial Banking, call Paul Phelan, Market Director, at 212-692-2542. Santander Bank, N.A. is a Member FDIC. ©2018 Santander Bank, N.A. All rights reserved. Santander, Santander Bank and the Flame Logo are trademarks of Banco Santander, S.A. or its VXEVLGLDULHVLQWKH8QLWHG6WDWHVRURWKHUFRXQWULHV$OORWKHUWUDGHPDUNVDUHWKHSURSHUW\RIWKHLUUHVSHFWLYHRZQHUV Ʉ CN018952.indd 1 12/6/18 12:36 PM