Tag Archives: brad vynalek

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Valley Leadership announces 2015 CEO Advisory Circle

Valley Leadership, the region’s premier leadership organization, announced its 2015 CEO Advisory Circle membership.  The CEO Advisory Circle will help Valley Leadership hone its focus on meeting future leadership needs in a fast-paced, ever-changing landscape.

The nine 2015 CEO Circle leaders were selected from diverse industries for their expert perspective on leadership, and for their long-standing commitment to and understanding of the Valley.

“The CEO Circle goes beyond a traditional advisory board format,” said Don Henninger, CEO Advisory Circle facilitator, “These leaders are not only committed to the success of Valley Leadership, they are dedicated to leading the way in fostering and promoting strong leadership for our region’s future.”

Leaders will meet quarterly to discuss Valley Leadership’s programming and goals, and offer advice on how to meet the needs associated with changes in leadership.

“The opportunity to tap this level of experience and diverse perspective is important as Valley Leadership continues to lead the way in leadership development programming,” says Brad Vynalek, partner at Quarles & Brady LLP, Valley Leadership board director and alum. “Their advice will be invaluable to Valley Leadership and the greater community.”

Vynalek and Katie Campana, fellow directors and alumni, worked with Don Henninger to create the Circle on behalf of the Valley Leadership Board. 

“Valley Leadership is looking forward to receiving high-level advice from the members, which will be applied to the strategic work of the board,” said Campana, community affairs and community development officer for Wells Fargo.  “This is a key leadership project important to the future of the Valley.”

2015 Valley Leadership CEO Advisory Circle

Hon. Rebecca Berch, Arizona Supreme Court

Supervisor Steve Chucri, Arizona Restaurant Association

Dr. Michael Crow, Arizona State University

Derrick Hall, Arizona Diamondbacks

Sharon Harper, Plaza Companies

Edmundo Hidalgo, Chicanos Por La Causa, Inc.

Eileen Klein, Arizona Board of Regents

Paul Luna, Helios Education Foundation

Ed Zuercher, City of Phoenix

Don Henninger, CEO Advisory Circle Facilitator

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Quarles & Brady Executive Committee adds Brad Vynalek

The national law firm of Quarles & Brady LLP today announced that Phoenix partner Brad Vynalek has been appointed to the firm’s Executive Committee.
 
Executive Committee members are responsible for the management and administration of the firm. Vynalek will serve a four-year term.
 
We are happy to welcome Brad to the firm’s leadership team,” said Quarles & Brady Chair Kimberly Leach Johnson. “His dedication to superior client service and understanding the clients’ business is unsurpassed, and we couldn’t be more pleased with the results.”
 
Vynalek is a member of the firm’s Litigation & Dispute Resolution Practice Group.  He focuses on clients in the financial, technology, university, commercialization, and health industries.  Since joining the firm 15 years ago, Vynalek has had a broad array of leadership roles within the firm from recruiting to creating signature business leadership programs featuring high profile CEO’s.  Most recently, Vynalek’s leadership roles outside the firm have included serving as Chair of Make-A-Wish Arizona, President of the University of Arizona College of Law Association, Greater Phoenix Economic Council Board of Directors, and Co-Chair of the ABA Section of Litigation Annual Conference. 
 
Vynalek earned his law degree from the University of Arizona James E. Rogers College of Law, and his bachelor’s degree from Stanford University, and he has also studied abroad through Georgetown University in Prague. 
 
 

Law Firms Report Stability In Financial Industry

Law Firms, Lawyers See Stability in Financial Industry

As Arizona struggles to recover from a struggling economy, law firms are seeing a rise in the number of complaints filed in relation to banks and loans.

Arizona lawyers have specifically seen an increasing number of claims involving commercial real estate and foreclosures.

This indicates to lawyers that banks are stable and will maintain stability if they continue to stay on top of these loans and claims.

Brad Vynalek, partner at Quarles & Brady, says that banking cases are trending upward in number, and have become extremely common in most practices.

If law firms didn’t have financial loan departments in the past, they do now. Small and mid-size firms are expanding to include departments to handle loans.

Vynalek routinely deals with financial cases, and represents banks in various aspects of the litigation process, either as the defendant or plaintiff. He has represented banks in enforcement actions against borrowers and guarantors, lender liability defense, fair market value hearings and trustee’s sales.

About 50 percent of the cases Quarles & Brady takes on involve financial institutions in some way.

“It’s purely a function and a reflection of the market,” Vynalek says. “We’ve seen more cases involving banks than we have over the last five years and will continue to see an increase.”

Some of the most common banking cases that are popping up are cases involving loans against borrowers on large commercial properties.

Often, the people and companies who have defaulted just don’t have the resources to pay the loans back. For commercial properties that had many tenants and now have very few, it can be difficult to come up with the money to pay the lender back.

Law firms are also seeing a growth in the number of counterclaims that borrowers are filing. The counterclaims are usually geared towards dragging out litigations.

Banks are stable because they are staying firm on settling loan delinquencies. Banks want to be able to give out loans to help stimulate the economy, but in order to do that they have to follow up with the loans in default.

“Consumers should know that banks are committed to trying to make this a better economic climate,” Vynalek says. “Banks have to enforce the loans in their books, and banks will do better as the economy does better.”

Banks will continue to play a key role in the economy as they begin to sell the commercial real estate they have obtained through foreclosures.

“I think that there are a lot of banks with significant portfolios of foreclosed properties that haven’t even hit the real estate market yet,” Vynalek says. “They’ve got to sell the inventory of foreclosed homes and commercial real estate properties.”

Jennifer Dioguardi, partner at Snell & Wilmer, has also seen a significant increase in banking cases involving commercial properties.

“A lot of commercial real estate properties are under water,” Dioguardi says. “They have a high vacancy rate, which means they’re not generating enough cash flow to pay the note.”

In cases involving commercial real estate and delinquent loans, lawyers work to help the bank achieve an agreement, either by pursuing payments or working out other options with the borrowers behind closed doors.

Dioguardi regularly handles litigation involving the representation of national and local banks, mortgage lenders, and credit card issuers. She has an emphasis on banking, commercial, financial services and securities litigation.

Specifically, Snell & Wilmer has seen an increase in litigation matters brought against mortgage lenders and services by homeowners.

In these cases, the homeowners file documents to challenge the various aspect of loans or the foreclosure process in order to have their homes avoid being foreclosed upon.

Many of the documents being filed by homeowners are loan modifications or restraining orders to stop trustee’s sales, and oftentimes the allegations in the complaint do not have legal value; however, when loan modifications are appropriate, banks are taking care of them.

According to Dioguardi, it has become common for homeowners to go online, gather information and represent themselves. Many of the arguments posed online don’t have any actual legal merit, so homeowners fail to stop the foreclosures.

Banks are forced to follow up on loans in default to ensure the industry stay stable. If banks don’t take ownership of their finances, the result of many delinquent loans can be detrimental to the bank itself.

If banks aren’t making money or receiving money back from loans, they can fail and be closed by the Federal Deposit Insurance Corporation (FDIC).

Arizona had 11 failed banks from 2009 to 2011, according to the FDIC failed bank list.
Dioguardi isn’t expecting that number to skyrocket over the next year.

“We can anticipate some additional bank failures in the next year or so, but I think the vast majority will weather the crisis,” Dioguardi says. “There will always be a need for banking services.”

Despite increasing regulation, banks have continued to remain a working part of the economy, and are focused on helping borrowers to their fullest extent.

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For more information about the law firms mentioned in this story, visit:

quarles.com
swlaw.com

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Arizona Business Magazine November/December 2011