DOCSLIB.ORG

2019 Annual Report About World Business Chicago

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report About World Business Chicago LOCAL IMPACT. GLOBAL REACH. 2019 ANNUAL REPORT ABOUT WORLD BUSINESS CHICAGO WHO WE ARE OUR MISSION OUR VISION World Business Chicago is Chicago’s public- Our mission is to drive inclusive economic Our vision is to ensure that all private economic development agency. growth and job creation, support business, and Chicagoans prosper. promote Chicago as a leading global city. HOW WE DO IT ACTIVATING LOCAL IMPACT AMPLIFYING GLOBAL REACH BUSINESS DEVELOPMENT GLOBAL STRATEGIC INITIATIVES Promoting Chicago’s talent, technology, transportation, infrastructure, housing Attracting foreign investment and facilitating joint ventures, partnerships, and cultural resources to companies across the nation and globe. and intergovernmental agreements. NEIGHBORHOOD AND STRATEGIC INITIATIVES CHICAGO SISTER CITIES INTERNATIONAL Promoting Chicago’s neighborhoods as strong sites for business locations, Celebrating cooperation and understanding through citizen diplomacy, and expansion. including 29 sister cities, 600+ volunteers, and global partnerships. CHICAGONEXT Advancing Chicago’s tech ecosystem by building a strong platform for inclusive growth in Chicago’s innovation economy. 2 2019 ANNUAL REPORT TABLE OF CONTENTS Letter from the Chair 4 Letter from the Vice Chair and the President & CEO 5 A Snapshot of 2019 6-7 ACTIVATING LOCAL IMPACT 8 BUSINESS DEVELOPMENT OVERVIEW 9 New and Expanding Companies 10 Why Companies Choose Chicago 13 Case Study: The Old Post Office 15 NEIGHBORHOOD AND STRATEGIC INITIATIVES OVERVIEW 16 NSI Program Highlights 17 CHICAGONEXT OVERVIEW 18 ThinkChicago 19 Blackstone Inclusive Entrepreneurship Challenge 19 AMPLIFYING GLOBAL REACH 20 GLOBAL STRATEGIC INITIATIVES OVERVIEW 21 International Travel & Partnerships 22 Global Reach 23 CHICAGO SISTER CITIES INTERNATIONAL OVERVIEW 24 Spotlight: 10th Sister City Anniversary – Bogotá, Colombia 25 Case Study: Global Youth Ambassadors Leadership Program 27 CHICAGO CONSULAR CORPS GALA 28 WBC Fellowship Program 29 Strategic Partnerships 30 Financials 31 Supporters 32 Acknowledgments 32 WORLD BUSINESS CHICAGO 3 LETTER FROM THE CHAIR From our early days as a frontier trading outpost to the thriving Selection Magazine and IBM Global Location Trends report global city we are today, resilience has long been a hallmark of named Chicago as the #1 U.S. metro for corporate relocations Chicago and our residents. and expansions and #1 metro for foreign direct investment in North America, respectively. For the third year in a row, Condé Chicago has survived and even thrived in crisis. The city was Nast Traveler ranked us as the “Best Big City” in the U.S.; and, we nearly wiped out by the Great Chicago Fire, plagued by the Spanish continued to rank in the Top 10 in the world for our growing tech flu, assaulted by the Great Loop Flood, visited by blizzards, polar sector, strong academic institutions, and vibrant entrepreneurial vortexes, deadly heat waves, and more. We learned from each of and venture ecosystem, which includes 1871, the #1 private these challenges throughout time and those lessons learned have business incubator in the world. strengthened and prepared us for today’s work and the difficult road ahead. Throughout this 2019 Annual Report, you will see why Chicago has consistently been the city where companies want to invest, Throughout our history, Chicagoans, of every stripe – young, old, grow, and expand. From our powerful technology and innovation of every race, color, and creed have risen up and asked, “How can ecosystem, to food manufacturing, transportation, distribution I help?” This is what defines us as Chicagoans. It is this spirit that and logistics, healthcare and life sciences, tourism and hospitality will fuel our city’s recovery in the months and years ahead. – to our diverse network of neighborhoods and our people – World Business Chicago, its board of directors, leadership, Chicago is second-to-none. partners, sponsors, and relationships throughout the world, are Sincerely, important elements of our 'all-hands-on-deck' strategy to not only maximize resources, but also increase efficiencies in a coordinated and collective effort to create real, widespread, and equitable economic recovery. While the task of returning to a growing economy in Chicago is daunting, I am heartened by the Lori E. Lightfoot many assets we have to build on and the opportunity to address Mayor, City of Chicago the disparities that have held us back. Chair, World Business Chicago In 2019, Chicago’s strength’s and status as a leading global city continued to be recognized. For the seventh year running, Site 4 2019 ANNUAL REPORT LETTER FROM THE VICE CHAIR AND THE PRESIDENT & CEO As a global pandemic endangers our health and economic As part of our work to support our neighborhood small business conditions threaten our livelihoods, our city, our nation, and our community, we launched ChiBizHub.com. This unique online world are currently under siege. It will take all of our efforts to portal links expert service providers to Chicago’s small combat and overcome this moment. businesses, entrepreneurs, and startups looking to start, scale, and accelerate their business. The portal is visited by thousands World Business Chicago’s mission to drive inclusive economic who seek real-time information and resources for available growth, job creation, and promote Chicago on the global stage is loans, grants, events, business planning, and counsel. critical to strengthen, diversify, and ultimately realize, economic recovery for our city. We are grateful to have your support and Chicago’s connectivity to the world is stronger than ever. It is now partnership. home to more than 1,900 foreign-based companies, representing over $140 billion in cumulative investments. Last year, World We want to take this opportunity to recognize Governor J.B. Business Chicago represented the city in several international trips Pritzker, Mayor Lori E. Lightfoot and their administrations for and welcomed visiting delegations, efforts that are important in their leadership and commitment to our city and state during sustaining strong economic and collaborative relationships that this difficult time. We also recognize and thank all those who drive local investment. Complementing our global efforts is the work have stepped up to help, especially our healthcare workers, of our Chicago Sister Cities International initiative, which continues first responders, and essential workers who are serving on the to be the largest and most active sister city program in the U.S. front lines. It is our privilege to work with an incredibly dedicated board of Enclosed, please find World Business Chicago’s 2019 Annual directors, sponsors, partners, staff, fellows and volunteers. Thank Report. As you will see, we continued to drive inclusive economic you. Your support makes it possible for World Business Chicago growth and job creation. Our annual Tech Day brought together to achieve its mission here and throughout the world. We look 15 local innovative companies to announce the development forward to working with you in the months and years to come. of at least 2,000 jobs. A number of businesses expanded into the neighborhoods including Blue Cross Blue Shield in Morgan Sincerely, Park (550 jobs), Farmer’s Fridge in Garfield Ridge (170 jobs) and Evanston Technology Partners in Bronzeville (130 jobs). We also saw The Old Post Office, a 2.5 million-square-foot building, open its doors to thousands of office workers from Walgreens, the Chicago Mellody Hobson Andrea L. Zopp Board Options Exchange, Ferrara Candy Company, and others. Vice Chair President & CEO WORLD BUSINESS CHICAGO 5 A QUICK LOOK BACK A Snapshot of World Business Chicago (WBC) 2019 Milestones January February March April May June Formal signing of CRRC Sifang America WBC launches Lori E. Lightfoot sworn in as Mellody Hobson, President & Co- agreement, making plant opening ChiBizHub.com, an online Chicago’s 56th Mayor CEO, Ariel Investments, Sydney, Australia portal for the city’s small named Vice Chair, WBC Chicago’s 29th Sister City business community Chicago once again named as the #1 Metro for WBC participated in London Tech WBC & Paris & Co. sign Corporate Relocation and Week, engaging with 100+ London Economic Cooperation Expansion for the seventh tech companies, speaking at events Agreement year running, based on and on panels qualified corporate facility investment projects during the previous calendar year 6 2019 ANNUAL REPORT July August September October November December Delegation to China to Delegation to Bogotá, IBM Global announces that ThinkChicago Chicago WBC hosts Third Annual Jose Luis Prado named continue implementation Colombia in honor of the Chicago is #1 (for seventh Ideas Week hosts 150 of the Tech Day, announcing Chicago Sister Cities of the eight-city Gateway consecutive year) in North nation’s top technology and creation of 2,000 new jobs International Chairman 10th anniversary of the Cities Agreement, visiting America for Foreign Direct engineering students Chicago-Bogota sister city five partner cities including Investment Beijing, Chengdu, Hangzhou, partnership Qingdao, and Shanghai Mayor Lightfoot attends her first ChicagoNEXT Inbound delegation of 10 UK Council meeting tech companies exploring ThinkChicago Lollapalooza Chicago hosts 200 of the nation’s top technology and engineering students China General Chamber of Commerce “Synergy” event celebrating growth in U.S.- China business relations WORLD BUSINESS CHICAGO 7 ACTIVATING LOCAL IMPACT 8 2019 ANNUAL
Load more

Recommended publications
  • Emerging Markets M&A Review
    Emerging Markets M&A Review FULL YEAR 2020 | LEGAL ADVISORS Emerging Markets Mergers & Acquisitions Review Full Year 2020 | Legal Advisors Emerging Markets Deals Intelligence Emerging Markets Announced Target M&A $1,000 16,000 EMERGING MARKETS DEAL MAKING FALLS 5%; SECOND HALF REBOUNDS 46% M&A activity with emerging markets involvement totaled US$955.1 billion during full year 2020, a 5% $900 14,000 decline compared to 2019 levels and the slowest annual period for emerging markets deal making since 2014. The second half of 2020 registered a 46% increase compared to the first half of the year, marking $800 the strongest six-month period for emerging markets M&A since 2015. By number of deals, emerging 12,000 markets deal making declined 6% compared to full year 2019, a six-year low. $700 10,000 $600 ENERGY & POWER, FINANCIALS & TECH LEAD EMERGING MARKETS SECTOR MIX Deal making in the Energy & Power sector totaled US$173.9 billion during full year 2020, a 16% $500 8,000 decrease compared to full year 2019. Financials M&A accounted for 16% of activity, while Technology M&A accounted for 14% of overall emerging markets M&A during full year 2020. Collectively, the top $400 three industries accounted for 48% of total emerging markets deals this year, on par with a year ago. 6,000 $300 CHINA, INDIA & RUSSIA DRIVE MORE THAN TWO-THIRDS OF EMERGING MARKETS M&A 4,000 M&A activity involving targets in China, India and Russia accounted for 67% of overall emerging markets $200 M&A activity during full year 2020, up from 48% during 2019.
    [Show full text]
  • Here Restitution Was Ordered As the Firm Picked up a GAR Award in That Year in the “International a Remedy
    GAR 100 2020 The firm is representing investors in claims against Montenegro, Tanzania and Venezuela, having previously acted in claims against Steptoe & Johnson Turkey and Jordan. It helped Canada defeat two NAFTA claims in the mid-2000s. Pending cases as counsel 11 Other government clients are Argentina, the Dominican Republic, Value of pending counsel work US$1.5 billion+ Guatemala and South Korea. The firm has also been helping China Treaty cases 8 to negotiate an investment treaty with the EU. Third-party funded cases 1 Current arbitrator appointments 4 (3 as chair or sole) Track record Lawyers sitting as arbitrator 1 Steptoe & Johnson’s most impressive results to date have been for the von Pezolds, a Swiss-German family of farmers, in a pair of Has strengthened its investor-state team with some ICSID claims against Zimbabwe concerning the controversial land significant hires and is now instructed on a US$350 reform programme of former president Robert Mugabe. The firm million ICSID claim against Colombia won a pair of awards in 2015 requiring the state to return land it had expropriated or pay US$195 million in compensation. An ICSID US-based Steptoe & Johnson has worked on arbitrations for a annulment committee upheld the awards in November 2018. It was number of years, but 2016 marked a turning point after it achieved one of the first ICSID matters to consider discrimination on the outstanding results in a pair of ICSID cases against Zimbabwe. basis of race, and one of the few where restitution was ordered as The firm picked up a GAR Award in that year in the “international a remedy.
    [Show full text]
  • Mandating Diversity: the Inclusion Clause
    Call to Action Sara Lee's General Counsel: Making Diversity A Priority By Melanie Lasoff Levs For some committed general counsel, the standard talk about diversity is only a starting point. Recently, many corporate attorneys decided it was time to demand specific actions and results-with very real consequences. In spring 2004, Sara Lee General Counsel Roderick Palmore created "A Call to Action: Diversity in the Legal Profession," a document reaffirming a commitment to diversity in the law profession and taking action to ensure that corporate legal departments and law firms increase the numbers of women and minority attorneys hired and retained. And if law firms don't, the document states, "We [the undersigned corporate legal department representatives] further intend to end or limit our relationships with firms whose performance consistently evidences a lack of meaningful interest in being diverse." (See the sidebar in this article for the complete text.) Palmore wrote the Call to Action to build on a previous manifesto: former BellSouth General Counsel Charles Morgan's "Diversity in the Workplace: A Statement of Principle," written in 1999. "In that [document], signatories espoused an interest in diversity and the principle of diversity, which was a fabulous thing at the time," Palmore says. "But it struck me that not enough has happened. The progress of the profession-and more specifically the progress of large law firms-had stagnated." The Call to Action takes the Statement of Principle a step further, Palmore adds. "Its purpose is to take the general principle of interest in advancing diversity and translate that into action, into a commitment to act on, to make decisions about retaining law firms based in part on the diversity performance of those law firms." Discussion around the need for a Call to Action began in November 2003, when a group of general counsel gathered at the invitation of the Minority Corporate Counsel Association (MCCA®), and the Association of the Corporate Counsel (ACC).
    [Show full text]
  • Exelon Corp. V. Commissioner
    Tax News and Developments North America Tax Practice Group Newsletter November 2018 | Volume XVII, Issue 10 Second Circuit Decides that Modification of In This Issue: Variable Prepaid Forwards was Taxable Second Circuit Decides that Modification of Variable The US Court of Appeals for the Second Circuit handed the taxpayer a major Prepaid Forwards was defeat in a case of first impression regarding the tax consequences of modifying Taxable variable prepaid forward contracts (“VPFCs”). In Estate of McKelvey v. Closing Down the SILO: Commissioner, No. 17-2554 (2nd Cir. 2018), the Second Circuit determined that Exelon Corp. v. Commissioner the amendments to the VPFCs (i) resulted in an exchange of the original VPFC Common Interest Privilege for the amended VPFC, and (ii) triggered constructive sales of the stock Affirmed as Supreme Court of Canada Refuses to Hear underlying the VPFCs. Government Appeal Andrew McKelvey was the founder and CEO of Monster Worldwide. McKelvey New IRS Guidance Opens Door to Use of Qualified owned millions of Monster shares. In 2007, he entered into a VPFC with each of Opportunity Zones two investment banks. Under the VPFCs, the banks paid McKelvey an upfront China Expands Scope of cash payment of approximately $194 million. The VPFC required McKelvey to Reinvestment Incentive to All deliver a variable number of Monster shares to the bank counterparty on the MNC Projects settlement dates specified in the VPFC. The number of shares McKelvey had to UK Budget 2018: What You deliver to the bank depended upon the value of the shares on the settlement date Need to Know and was subject to a cap and a floor.
    [Show full text]
  • International Trade Compliance Update
    International Trade Compliance Update (Covering Customs and Other Import Requirements, Export Controls and Sanc- tions, Trade Remedies, WTO and Anti-Corruption) Newsletter | May 2017 In This Issue: World Trade Organization (WTO) World Customs Organization (WCO) Other International Matters The Americas - Central America The Americas - North America The Americas - South America Asia-Pacific Europe, Middle East and North Africa Trade compliance enforcement ac- Please see our Webinars, Meetings, Seminars section for the full schedule of tions - import, export, IPR, FCPA webinars in this series, names of speakers, contacts and information on how to Newsletters, reports, articles, etc. register for one or more of these complimentary webinars, as well as information on other events and links to video recordings of past webinars. Webinars, Meetings, Seminars, etc. WTO TBT Notifications CBP Rulings: Downloads and Searches To keep abreast of international trade-related news, visit our blogs: CBP Rulings: Revocations or Modifi- cations For International Trade Compliance Updates, please regularly visit . European Classification Regulations www.internationaltradecomplianceupdate.com Amendments to the CN Explanatory For additional articles and updates on trade sanctions, export controls and relat- Notes ed subjects, please visit: http://sanctionsnews.bakermckenzie.com/ regularly. Section 337 Actions For resources and news regarding international trade, particularly in Asia, please Antidumping, Countervailing Duty visit our new Trade Crossroads blog at http://tradeblog.bakermckenzie.com/. and Safeguard Investigations, Or- ders & Reviews To see how the UK referendum on exiting the EU (Brexit) may affect your busi- ness, visit http://brexit.bakermckenzie.com/ For additional compliance news and comment from around the world, please visit http://globalcompliancenews.com/.
    [Show full text]
  • Hewlett Packard Enterprise 3000 Hanover Street, Palo Alto, CA, 94304 Children’S Rights Summit 2017 December 5, 2017 | Hewlett Packard Enterprise | Palo Alto, CA
    Tuesday 5 December 2017 Hewlett Packard Enterprise 3000 Hanover Street, Palo Alto, CA, 94304 Children’s Rights Summit 2017 December 5, 2017 | Hewlett Packard Enterprise | Palo Alto, CA Welcome to the 4th Annual CHILDREN’S RIGHTS SUMMIT, an event that has evolved in substance and scope every year. This year is no exception. Inaugurating in 2014, we asked ourselves, “What can we do for children’s rights?” We created a community meant to challenge the status quo and broaden the reach by engaging other innovative thinkers in solutions needed to realize rights of children and youth. In 2015, we demanded of ourselves and our community, “If we can, we must.” Last year, we flipped the script to challenge ourselves to driving toward solutions by agreeing, “We can, so we must.” In 2017, a time of unprecedented challenges, we find ourselves forced to push ourselves further as a community to figure out what we must do and create to make a meaningful impact. Today, we ask one simple question: “WHY CAN’T WE?” Why can’t we do better? Why can’t we do better for kids in multiple systems? Why can’t we help children burdened by the place and circumstances we put them in overcome those very challenges to achieve a safe, happy and healthy live? Why can’t we get kids to the point of success, much less survival? We are a community ripe with talent, resources, commitment, innovation and reinvention. Why can’t we put that power into play to make life better for these kids? Today we find ourselves settling for a system of children’s justice that fights only to reach a paltry, bare minimum standard at best.
    [Show full text]
  • Public Interest
    AGENDA KEYNOTE SPEAKERS JUNE 24, 2020 3:00 PM — 3:30 PM KEITH ELLISON MINNESOTA ATTORNEY GENERAL Keith Ellison is Minnesota’s 30th attorney general. As the People’s Lawyer, Attorney General Ellison’s job is to help Minnesotans afford their lives and live with dignity, safety, and respect. Ellison will address PBI conference attendees and guests virtually to discuss racial justice. He will follow his keynote address with a short Q & A. From 2007 to 2019, Keith Ellison represented Minnesota’s 5th Congressional District in the U.S. House of Representatives, where he championed consumer, worker, environmental, and civil- and human- rights protections for Minnesotans. Before being elected to Congress, Attorney General Ellison served four years in the Minnesota House of Representatives. Prior to entering elective office, he spent 16 years as an attorney specializing in civil-rights and defense law, including five years as executive director of the Legal Rights Center, a public-interest law firm. There he oversaw a team of attorneys focused on delivering justice for Minnesotans who had nowhere else to turn. He was also a noted community activist. JUNE 25, 2020 4:30 PM — 5:00 PM STACEY ABRAMS BESTSELLING AUTHOR, NONPROFIT CEO, POLITICAL LEADER Stacey Abrams is a New York Times bestselling author, serial entrepreneur, nonprofit CEO, and political leader. After serving for 11 years in the Georgia House of Representatives, seven as Democratic Leader, in 2018, Abrams became the Democratic nominee for Governor of Georgia, winning more votes than any other Democrat in the state’s history. Abrams will address PBI conference attendees and guests virtually to discuss racial justice and voter suppression.
    [Show full text]
  • Most Influential Women Lawyers in Chicago
    CRAIN’S CUSTOM CONTENT MOST INFLUENTIAL WOMEN LAWYERS IN CHICAGO elcome to the inaugural edition of The Most Infl uential Every one of the profi les in this section is drawn from the Women Lawyers in Chicago, a special custom content nomination materials submitted, and no lawyer paid to be Wsection from Crain’s Custom Media. featured. But because this honor is bestowed only upon lawyers for whom nominations were submitted, this year’s list is The 60 women featured alphabetically in these pages represent not comprehensive. an impressive cross-section of the Chicago-area legal community. Many of them have practiced with distinction for decades, while We trust that as this Most Infl uential list becomes a new tradition others are on-the-rise attorneys making their mark. in the Chicago legal community, the pool of potential honorees will continue to grow. Meanwhile, enjoy reading about the Some have helped set new legal precedents at the U.S. Supreme achievements of what is a truly impressive fi rst class, and please Court while others have developed winning legal theories that join us in congratulating them. Marcy Kott Zora Ristanovic have become standard in state and federal courts. All make it a point to mentor other women lawyers and to give back to their CUSTOM MEDIA community in myriad ways. CRAIN’S A DIVISION OF CRAIN’S CHICAGO BUSINESS We Proudly Congratulate Our Partners, Marcy Kott and Zora Ristanovic, Recipients of Chicago’s Most Influential Women Lawyers 2017. More than half of the attorneys in Congratulations to all of the our firm are women.
    [Show full text]
  • Growing Exponentially | 2013 Annual Report Darcell Creswell (2013 Graduate) Girls 4 Science Participant Receiving Scholarship from Board Member Elaine Harris
    1 Girls 4 Science: Growing Exponentially | 2013 Annual Report Darcell Creswell (2013 graduate) Girls 4 Science Participant receiving scholarship from Board member Elaine Harris Participating in Girls 4 Science has made it clear to me that the infl uence of women in science, technology, engineering and math is every woman’s legacy from birth. I am now more interested in subjects like Horticulture, Genetics and Engineering because of the mentors who took time out of their schedules to facilitate themed fi eld trips and class activities while I was in G4S. I am very thankful to have been recognized as a 2013 G4S scholarship recipient and I will use my education at Western Illinois University to continue to “overcome barriers and excel in STEM. ” Contents 1 Girls 4 Science Graduate, Darcell Creswell 3 Letter from the Executive Director, Jackie Lomax 4 Girls 4 Science: Girls Growing Exponentially 5 Partnerships Helping Girls 4 Science Grow Exponentially 6 Girls 4 Science 2013 Report Card 7 Oh the Places You’ll Go- 2013 Explorations 8 Girls 4 Science Sites of Operation 9 Girls 4 Science Graduate, Leona Barnes 10 Girls 4 Science Accomplishments: Heights Reached 11 Letter from the Board President, Linda Boasmond 12 Girls 4 Science Leadership 13 Girls 4 Science Financial Report: 2013 in Review 14 2013 Giving List 15 Girls 4 Science Volunteers The mission of Girls 4 Science (G4S) is to increase science literacy amongst girls ages 10-18 through scientifi c discovery and collaboration with external partnerships. 3 Girls 4 Science: Growing Exponentially | 2013 Annual Report irls 4 Science (G4S) continues to make great strides for science, technology, engineering and Letter from mathematics equality through its Saturday Science Academy program.
    [Show full text]
  • Andrew Warmus
    Andrew Warmus Partner [email protected] Baker & McKenzie LLP T + 1 312 861 7966 Chicago F + 1 312 698 2796 Related Expertise Biography Mergers & Acquisitions Andrew Warmus is a partner in Baker McKenzie's Corporate & Securities Practice Group. He mainly advises on transactional matters, including mergers and Private Equity acquisitions, joint ventures and other strategic transactions. Andrew has broad experience representing multinational public and private companies in acquisitions Languages and divestitures across multiple industries, including regulated industries such as English healthcare. Practice Focus Andrew guides buyers and sellers in complex, domestic and cross-border acquisitions, divestitures and strategic transactions often involving intricate, multijurisdictional carve-out transactions in regulated industries. His practice also includes negotiating venture capital investments as well as equity and debt financings. He also advises on general corporate matters. Representative Legal Matters Represented Abbott Laboratories in the sale of the St. Jude Medical Angio-Seal and FemoSeal vascular closure devices business to Terumo Corporation. Represented ARIAD Pharmaceuticals in the divestiture of its European https://www.bakermckenzie.com/en/people/w/warmus-andrew 1 operations to Incyte Corporation. Represented CommScope in its acquisition of telecom, enterprise and wireless businesses from TE Connectivity. Represented Abbott Laboratories in connection with the sale of its non-US developed markets specialty and branded
    [Show full text]
  • Best Law Firms Event Overview
    #BestLawFirms 2019 Best Law Advisory Board Dana Alvaré / Reed Smith Molly McDonouGh / ABA Journal Rina Alvarez / Kirkland & Ellis Joanne Moffic-Silver / ChicaGo Board Options ExchanGe- Genhi Bailey / Perkins Coie retired Olivia Blair / O’Melveny & Myers Molly NehrinG / Reed Smith Brenda Carr / Arnold & Porter Sally Olson / Sidley Austin Marredia Crawford / Baker McKenzie Rick Palmore / Dentons US Amber HaGGins / Katten Carol Poplawski / OGletree, Deakins, Nash, Smoak & Stewart Amy Hinzmann / Consilio J. Ramon Rivera / Baxter Healthcare Lindsey HoGan / FaeGre Baker Daniels Alexis Robertson / Baker McKenzie Stacey Kielbasa / Chapman & Cutler Kia Scipio / Fish & Richardson Jennifer Kraft / Seyfarth Shaw Kim Seten / ConstanGy, Brooks, Smith & Prophete Sharon LeppinG Pool / McDonald’s Kelly M. Struck / Consilio Liz McCloy / Sidley Austin Natalie Vujko / DLA Piper #BestLawFirms Amanda Zablocki / Sheppard Mullin, Richter & Hampton Progress is slow at most levels for women #BestLawFirms Increased emphasis in promoting women to equity partner #BestLawFirms The total percentages of women equity partners haven’t changed much #BestLawFirms More women on influential committees #BestLawFirms Significant increase in sponsorship programs for women lawyers #BestLawFirms Increase in the percentage of firms providing bias training and gender education #BestLawFirms ON THE LIST ON THE LIST Sponsored by ON THE LIST #BestLawFirms Moderator: Subha V. Barry / President / Working Mother Media Panelists: Roger P. Furey / Chairman / Katten Mary C. (Molly) Moynihan
    [Show full text]
  • Commercial Leases and Force Majeure
    Professional Perspective Commercial Leases and Force Majeure Perrie Weiner, Aaron Goodman, and Alexandra Dunton-Stackhouse, Baker McKenzie Reproduced with permission. Published August 2020. Copyright © 2020 The Bureau of National Affairs, Inc. 800.372.1033. For further use, please visit: http://bna.com/copyright-permission-request/ Commercial Leases and Force Majeure Contributed by Perrie Weiner, Aaron Goodman, and Alexandra Dunton-Stackhouse, Baker McKenzie Amidst the struggles of the global pandemic, a battle rages between commercial landlords and their tenants over who will bear the economic burden. Will tenants be forced to pay rent while their doors remain closed in response to “stay at home” orders? Will landlords be left with empty buildings and no source of revenue? The answer to these questions could lie in the interpretation of an all-too-common, but rarely applicable, contract clause—the force majeure provision. There are a few key questions parties must consider when invoking a force majeure provision, whether as to payment or some other obligation under the lease. Background Force majeure clauses, common in most commercial lease agreements, generally excuse, or temporarily delay, certain landlord or tenant lease obligations due to unforeseen circumstances beyond the parties’ control. With businesses still fully or partially shut down, the federal Paycheck Protection Program (PPP) out of money, and the prospect of additional legislative relief uncertain, tenants have been increasingly leaning on force majeure provisions for relief from rent payments—from leases signed at the peak of the market—they can no longer afford. Many commercial lease force majeure provisions contain an exception, which specifically excludes rental payments.
    [Show full text]