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2159 Osler Link Spg/Sum03 WHAT’S INSIDE >> p. 2 DEBORAH ALEXANDER GETS p. 4 JUDGING THE JUDICIAL LIFE THE JOB DONE p. 7 WENDY RICKEY’S QUARTER-CENTURY [ LINK p. 3 FRANK MCKENNA: ON POLITICS, OF CONTRIBUTIONS CORPORATE GOVERNANCE AND Osler LEARNING AS LIBERATION p. 8 NORTHSOUTH 2003: RAISING Keeping alumni THE BAR ONE MORE TIME and other friends connected to Osler, Hoskin & Harcourt LLP SPRING/SUMMER 2003 MORE NEWS FOR AND ABOUT OSLER ALUMNI It was pure serendipity that we found ourselves We’re also proud to be able to profile, as alumni, an featuring three of the top alternate career choices illustrious group of judges, all of whom are continu- for private-practice lawyers in this issue of ing to make such vital contributions to the justice OslerLink: in-house counsel, the bench and politics system in Canada. Together with former Supreme (even if our profiled politician, Frank McKenna, Court Justice Peter Cory, Edward Saunders and is a former one who has come back to practice). James Southey (both of whom served on Ontario’s We like to think this line-up of alumni profiles Superior Court of Justice and now, with Peter, lead shows just how rich the opportunities are for The Osler ADR Centre), this special coterie of alum- lawyers who have worked with a firm that “provides ni chose mid-career moves perhaps less lucrative a platform of excellence where people have the than others open to them because all felt they could opportunity to learn how to do things in an excep- make more of a difference on the bench. tionally capable way,” in the words of featured Also in this issue, read about long-time contributor alumnae Debbie Alexander, now Executive Vice Wendy Rickey’s recognition by the United Way, President and General Counsel with Scotiabank. and our latest, innovative marketing initiative. (See Page 2.) Have a great summer. U.S. ALUMNI: WATCH FOR YOUR COPY OF OSLER’S NORTHSOUTH 2003 CD. SEE PAGE 8 FOR DETAILS. WHERE DEBORAH ALEXANDER GETS THE JOB DONE THEY ARE NOW After a 25-year career at Osler, where she left “a strong legacy” in building the > firm’s corporate finance expertise, Scotiabank’s new General Counsel gets an early opportunity to show her stuff. Talk about hitting the ground running. David Allgood, Executive Vice President and General When Deborah Alexander joined Bank of Nova Counsel with Royal Bank Financial Group and a Scotia as Executive Vice President, General Counsel former Osler colleague. and Secretary in June 2002, her new employer was “Plus, someone that transaction-hardened has the involved in a tense stand-off with the government of experience and confidence to be firm and I can’t Argentina, during the economic chaos that followed help but imagine that quality would have come in the country’s abandoning of its decade-long policy handy in those circumstances,” he adds with a of pegging the peso to the U.S. dollar in December chuckle. (The firmness could be another way of 2001, and the dramatic devaluation of the peso describing what Purdy Crawford calls Debbie’s that followed. “hard-nosed intelligence” or “her ability to get in Two months earlier, in April 2002, the government there and get the job done.”) had suspended most of the operations of the bank’s At any rate, that expertise was also one of the quali- subsidiary, Scotiabank Quilmes, as part of a shut- fications that put her among Canada’s “Top 25” down of the nation’s entire banking system. It was general counsel, according to Lexpert magazine’s insisting that foreign-owned banks make significant April 2003 issue, less than a year after she took on new cash infusions to restore the liquidity drained Scotiabank’s top legal job. Winners of those spots off by the devaluation. were selected based on three criteria: legal/business “I was always Scotiabank refused to play, insisting it would not put judgment skills, participation as a lead player in encouraged to new money into Argentina unless “there are clear major corporate transactions and participation on strive for the rules in place that give confidence that the systemic the corporate executive team. (Lexpert’s Top 25 next rung.” economic crisis can be turned around,” according to were also featured in the April 30, 2003 issue of the National Post.) – Deborah Alexander a May 23, 2002 news release. When it began to appear those rules would not be forthcoming, the Earned Client Confidence bank decided its only option was to exit the trou- Debbie credits both the depth and diversity offered bled country. by her 25-year career at Osler and the confidence Challenge as Opportunity placed in her by some key mentors for the unparal- Helping to resolve this situation was the first major leled experience she was able to accumulate in challenge Debbie encountered in her new role. working on major corporate transactions. As a stu- Nearly a year later, after assisting in a relatively dent and a young associate, working with the likes orderly sale of Scotiabank Quilmes to two Argentine of Purdy Crawford and Brian Levitt, “I was always banks, she reflects that it was a timely opportunity encouraged to strive for the next rung.” Later, the for her as a new executive, despite being such a dif- trust extended by clients such as Gordon Eberts of ficult problem for the bank. “It helped me get to Gordon Capital Corp. (the firm was widely acknowl- know Scotiabank’s senior people very quickly … edged as the originator of “bought deals” in Canada) and show them how I could contribute.” added to her reputation in orchestrating some of the country’s largest and most complex transactions. When asked about the nature of that contribution, she mentions helping Rick Waugh (then Vice She also remembers with some fondness working Chair of International Banking, who was named through the regulatory maze on the Canadian end of Scotiabank President this January) to ensure that a few of the early British privatizations with David most of the Argentine subsidiary’s employees kept Drinkwater and the late-1990s merger proposal their jobs through the sale, in a country where between Royal Bank and Bank of Montreal with unemployment had topped 23% since the currency Christopher Portner – just some of the intellectually devaluation. “I was very proud to be part of the demanding, high-level experiences that stand her in team that did that.” such good stead in her current role. According to Debbie’s former colleagues at Osler, “Debbie left such a strong legacy in corporate Hoskin & Harcourt LLP, there would be few newly finance expertise here … she was one of our minted General Counsel capable of immediately youngest Corporate Department chairs ever after all jumping in to pull off that kind of salvage operation. … that some tend to forget how broad her legal experience has been,” notes Osler Managing Partner “Deb’s extensive transactional expertise would have Dale Ponder. been very helpful in that kind of situation,” observes CONTINUED ON PAGE 7 > 2. OslerLINK . SPRING/SUMMER 2003 < Osler’s consulting counsel on national matters keeps one foot < spotlight in his native New Brunswick, an eye on some of Canada’s top companies and a finger on the nation’s political pulse. FRANK MCKENNA: ON POLITICS, CORPORATE GOVERNANCE AND LEARNING AS LIBERATION There is a saying in political circles in New he felt almost every day of his political life, it’s Brunswick that voters like to get their premiers obvious he’s relishing his current role. There’s the young and keep them a long time. variety for one thing, ranging from advising clients They got Frank McKenna young. Like his predeces- on government policy and process, to fielding calls sors, Louis Robichaud and Richard Hatfield (as well on geo-political issues from Osler partners, to as current Premier Bernard Lord), he was still in his speaking at firm, client and industry events. 30s when elected to his first term in 1987. But vot- Then, he’s even had time to work on “real law ers didn’t get to keep him as long as they probably files,” he laughs. They include everything from com- would have liked: after leading the Liberal Party plex heritage-industry cases to telecom, pharmaceu- to three straight victories, he retired from politics tical and taxation files. “The breadth of the practice in 1997, insisting that a decade was a sufficient at Osler is so vast,” he said, “that you never know “At a firm like Osler... period in which to make a contribution. where the next challenge might come from.” you have the chance Of Frank’s decade in office, most Canadians will “There’s so much stimulation here. At a firm like to practise at the very, best recall his drive to modernize an economy large- Osler, you’re working with the biggest and best very top of the ly dependent on fishing and agriculture by tirelessly clients and deals in the country. And you have wooing new investment to the province, helping to the chance to practise at the very, very top of the profession....” create tens of thousands of new jobs in telecommu- profession, which means you have to be at the top – Frank McKenna nications and other emerging businesses in the of your game every day. That’s very special.” process. Political junkies may also remember his The feeling is mutual apparently. vigorous reform of the education and healthcare sectors, and his key role on the national unity “Frank’s been such a valuable resource for clients,” scene, especially during the development of the notes firm Co-chair Tim Kennish.
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