Tag Archives: Greenberg Traurig

merger

Greenberg Traurig’s M&A Practice honored

The international law firm Greenberg Traurig, with more than 50 Arizona-based attorneys, ranked among the top law firms representing investment banks and financial advisors in mergers and acquisition transactions in 2012, according to Corporate Control Alert.

Greenberg Traurig’s M&A Practice ranked 4th among all law firms representing investment banks and financial advisors in U.S. mergers and acquisitions, with 17 transactions in the 2012 Banker Representation listing, published by Corporate Control Alert, a journal of legal and financial deal-making trends. Firms were ranked by the total number of deals valued at $100 million or more from January 2012 to December 2012. Greenberg Traurig’s M&A Practice was credited with several high-profile banker representations, including Group Modelo, S.A.B. de C.V. in its pending $20.1 billion acquisition by Anheuser-Busch InBev and ConAgra Foods, Inc. in its $6.8 billion acquisition of Ralcorp Holdings, Inc.

“Ranking fourth among all U.S. law firms affirms Greenberg Traurig is a leading law firm in M&A transactions for investment banking and financial advisory firms,” said Quinn Williams, a Corporate/ M&A shareholder in Greenberg Traurig’s Phoenix office.

Greenberg Traurig’s Corporate and Securities/M&A Practice has more than 350 attorneys in more than 30 offices around the world providing counsel and services to companies and entrepreneurs throughout Americas, Europe and Asia. Greenberg Traurig’s practice groups and attorneys have been recognized as No. 1 in their respective geographic regions by The National Law Journal, Chambers & Partners, Corporate Board Member magazine, Latin Lawyer magazine and numerous regional and local professional publications and rankings.

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Women to watch in healthcare, energy, aerospace and technology

Here are some of the the Arizona innnovators who Az Business magazine thinks will be making waves in healthcare, energy, aerospace and technology in 2013:

Ruth Carter
Owner, Carter Law Firm
carterlawaz.com
Her background: After graduating from ASU Law School in 2011, she opened her own law firm in January 2012 and focused her practice on social media law, intellectual property, business formation and contracts, and flash mob law. She will deliver a talk entitled “Protecting Your Copyrights in Digital Media” at the South By Southwest Interactive (SXSW) in March 2013. She also wrote the book “The Legal Side of Blogging: How Not to get Sued, Fired, Arrested, or Killed.”
Fun fact: She was selected as an American Bar Association Legal Rebel in September 2012.
Her goal for 2013: To help entrepreneurs, writers, and artists turn their ideas into reality, to help them push the limits of what’s possible without crossing the line.

Michelle De Blasi
Shareholder, Greenberg Traurig
gtlaw.com
Her background: De Blasi focuses her practice on environmental law, with an emphasis on natural resources matters. She advises local and multi-national clients on energy and environmental sustainability, including the development of traditional and renewable energy power plants, climate change, and greenhouse gas emissions. She is a leader in many community organizations, including serving as the Co-Chair of the Arizona Energy Consortium, which has recently released the Arizona Energy Roadmap to further develop the state’s energy industry.
Fun fact: “I wanted to be an environmental attorney since junior high.  Working for six years at NOAA starting in law school was an amazing way to begin my career.”
Her goal for 2013: “Continue to assist my clients’ growth and expansion, including improving the regulatory and business atmosphere in the areas where they are located.”

MaryAnn Guerra
CEO, BioAccel
bioaccel.org
Her background: BioAccel was named the most promising initiative among the six winners of SSTI’s 2012 Excellence in TBED (technology-based economic development) awards. In three years, BioAccel — whose mission is to transform high-risk technologies into new businesses and high-wage jobs — has supported 11 companies in Arizona, investing more than $4 million directly as well as helping get an additional $15.5 million in downstream funding.
Fun fact: “I love camping outdoors in tents. After gathering wood from the forest, I  build the campfire, cook, then relax under the moonlight — with wine if possible.”
Her goal for 2013: “Personally: spend more time with my husband.  Professionally: expand BioAccel’s overall capacity, validate BioInspire as a model and help launch the BioAccel Accelerator Fund.”

Chevy Humphrey
President and CEO, Arizona Science Center
azscience.org
Her background: She oversees the $8 million operation of Arizona Science Center’s 185,000-square-foot facilities with more than 400 employees and volunteers. She is in line to become the next president of the Association of Science-Technology Centers, an international organization representing science centers and museums with more than 600 members in over 40 countries worldwide. She currently serves as its secretary-treasurer.
Fun fact: Humphrey secured the largest gift in the Center’s history – $3.5 million.
Her goal for 2013: “Maintain excellence as Arizona’s largest provider of informal science education while providing educators with professional development and resources supporting the new common core education standards.”

Mary Juetten
Founder and CEO, Traklight.com
traklight.com
Her background: While earning her JD at ASU, Juetten combined her new knowledge of the law with accounting designations and 25 years of management, business and financial consulting experience to create Traklight.com in 2010.  Traklight is an online software as service company that offers products for inventors, creators, start-up or small companies to identify, secure, and manage their intellectual property to reduce the risk of infringement and IP loss, all without any prior knowledge of IP.
Fun fact: She played ice hockey in Canada and Phoenix.
Her goal for 2013: “I plan to spend more time outside with my husband: golfing and hiking.  Traklight will build upon our October launch and expand nationally in 2013.”

Kim Kundert
Vice president of clinical operations
Clinical Research Advantage
Her background: Kundert received the 2012 Silver Stevie Award — which honors the world’s bets and brightest female entrepreneurs and executives — for Female Executive of the Year in the Business Services category. Kundert has been a driving force behind the rapid growth of CRA, a clinical trial management organization that has helped trial sponsors bring drugs to market more quickly and efficiently.
Fun fact: She was born in Germany on Christmas Day.
Her goal for 2013: “My goal is to open 20 new clinical trial sites.”

Jessica Langbaum
Principal scientist, Banner Alzheimer’s Institute
banneralz.org
Her background: Langbaum is actively involved in research activities focusing on the use of brain imaging for studying the earliest evidence of Alzheimer’s and on the design and execution of preclinical Alzheimer’s treatment trials. Langbaum has published papers in leading scientific journals on cognitive training, brain imaging and Alzheimer’s disease.
Fun fact: Her family has been in Arizona for generations.
Her goal for 2013: “Enroll 100,000 people in our Alzheimer’s Prevention Registry (endALZnow.org/registry), launch the Alzheimer’s Prevention Initiative (API)/Genentech trial, prepare for the next API-led trial, and potty train my son.”

Paula O’Neal Wichterman
Vice president, medical private banker, National Bank of Arizona
nbarizona.com
Her background: Wichterman is vice president in the Private Bank of National Bank of Arizona. Prior to joining NB|AZ, she spent 9 years in various advisor roles at two other lending institutions in both private banking and credit administration. In her role at NB|AZ, Wichterman is responsible for increasing NB|AZ’s focus on the physician and medical banking market.
Fun fact: “Being the Southern girl that I am, I LOVE to shoot sporting clays. It is a great stress reliever after a long week at work.”
Her goal for 2013: “I want to always inspire my family and friends. I try my best to lead by example. Whether it is at home or at work, I want to be the best that I can be.”

Angela Perez
Partner, Snell & Wilmer
swlaw.com
Her background: Perez is an Arizona native who holds a biology degree from Harvard University and law degree from The University of Arizona. She practices law in the field of business and finance, with special attention to representing clients in the biotechnology industry. Perez represents companies at all stages of their life cycle, from start-up to liquidity. Perez is committed to using her education and experience to improve the strength of Arizona’s economy by facilitating the growth of Arizona’s biotech industry.
Fun fact: Formed Snell & Wilmer’s Bioscience and Healthcare Industry Group shortly after graduating from law school.
Her goal for 2013: “Contribute to the success of my firm and clients by providing sound legal advice; support Arizona’s biotech industry; and shower my young family with love.”

Darcy Renfro
Vice president and coordinator of the Arizona STEM Network, Science Foundation Arizona (SFAz)
sfaz.org
Her background: Renfro is leading the way for Arizona’s STEM — science, technology, engineering, math — education initiatives. She spearheaded the development of SFAz’s Arizona STEM Network, a first-of-its-kind strategic effort to help transform Arizona’s educational system. The Network will help teachers and students prepare for the state-adopted, internationally benchmarked Common Core Standards, higher-education and careers that will help ensure our state remains globally competitive.
Fun fact: Arizona is just one of 16 states in the U.S. with developing or existing STEM Networks.
Her goal for 2013: “Increase the access and quality of STEM opportunities for Arizona’s students and teachers to inspire excitement and achievement in math and science.”

Virginia Rybski
President and CEO, Regenesis Biomedical, Inc.
regenesisbio.com
Her background: Rybski has combined 35 years of experience founding, building and growing emerging bioscience companies by developing and launching numerous advanced-technology, healthcare related products. She strategically positioned the company as a regenerative medicine business; raised $5.3 million in capital; has grows sales for 8 consecutive years; and helped it earn a position on the Inc. 5000 list of the fastest-growing private companies in America in 2012.
Fun fact:
Her goal for 2013: “Focus on improving patient care, and helping to provide better patient outcomes while lowering the overall cost of care. Healthcare, now more than ever, needs collaboration between providers, patients, and manufacturers like Regenesis, to help rein in spiraling costs.”

Joyce Schroeder
Chief science officer, Arizona Cancer Therapeutics
arizonacancertherapeutics.com
Her background: Schroeder, program co-leader in Cancer Biology and Genetics at the Arizona Cancer Center, is moving toward clinical trials for breast cancer treatment that inhibits metastatic breast cancer growth at cellular level and it is non-toxic. In layman’s terms, this could block breast cancer growth without the toxic side effects of chemotherapy. She is also associate professor of molecular and cellular biology at the University of Arizona.
Fun fact: She is an avid Stephen King reader and loves Star Wars.
Her goal for 2013: “My goal for 2013 is to get our breast cancer drug approved by the FDA to be given to patients.”

Lori Singleton
Manager of Sustainability Initiatives and Technologies, SRP
srpnet.com
Her background: Singleton’s primary focus at SRP is environmental and renewable energy issues. Under her direction, SRP has provided incentives to more than 12,000 customers who have installed solar energy systems on their homes and businesses. In addition, she is an active volunteer and effective advocate serving on the boards of Audubon of Arizona and the National Solar Energy Power Association.
Fun fact: “Ballroom dancing is my passion. For me, it not only helps keep me physically fit but allows me to focus on something other than looming deadlines and work projects.”
Her goal for 2013: “As a Valley Forward board member, I will work to promote environmental quality statewide, elevate our state’s image and drive balanced policy as the organization evolves into Arizona Forward.”

Joy Seitz
Vice president of business and policy development, American Solar
americanpv.com
Her background: Since joining Scottsdale-based American Solar in 2009, Seitz has been a leading advocate for Arizona’s solar industry, making her presence felt everywhere that decisions are made about solar energy — city halls, Salt River Project and the Arizona Corporation Commission. Her company has designed and installed solar electric for more than 3,500 customers and created partnership with homebuilders including Shea Homes and AV Homes.
Fun fact: “I am a proud ASU West Campus graduate from the School of Global Management and Leadership, with an emphasis in finance.”
Her goal for 2013: “To put the power of solar energy into the hand of every homeowner. It is time that every Arizona homeowner understands that they can control what energy powers their home.”

Lois Wardell
Principal, Arapahoe SciTech
arapahost.com
Her background: Wardell’s technology focus includes unmanned aerial vehicles (UAVs) and associated sensor technologies.  By developing partnerships with other innovators, she has been able to tackle technical challenges in emerging fields such as those in polar science. One example is a sterilization system for an ice drill that will access an Antarctic sub-glacial lake below a half-mile of ice to explore this unknown frontier on our planet.
Fun fact: Wardell has worked on all seven continents.
Her goal for 2013: “My goals include continued development of technology for exploration (both Earth and beyond) and to increase my focus on outreach activities to inspire students.”

srp installs solar energy systems

Energy Consortium’s Roadmap puts state of path to build industry

Imagine Arizona as the energy hub of the Southwest — where major regional transmission lines tie into infrastructure in the state and serve a growing regional demand for energy. Arizona would be a place where an increasing percentage of jobs are related to the energy industry, whether in manufacturing, generation, transmission, energy efficiency, service or technology innovation. Many of these jobs would be higher-wage jobs requiring a skilled labor force fed by Arizona’s schools and universities. Arizona could be a hub of energy-sector jobs, with factories making equipment for the industry and power plants shipping electricity to neighboring states via new power lines, all contributing to a better economy.

That is the essence of the Arizona Energy Consortium’s Energy Roadmap, which the group hopes with be a catalyst for the state’s energy industry in the same way Arizona’s Bioscience Roadmap helped the state increase bioscience jobs by 41 percent and helped increase the number of bioscience establishments by 27 percent during its 10-year plan.

“It was important to create this document to give the energy industry a unified voice and direction,” said said Michelle De Blasi, co-chair of the AEC and a shareholder at Greenberg Traurig. “The energy industry is going to be here forever. We are always going to need energy. So the Roadmap was designed to make the industry better for everyone — consumers, developers, legislators. So it was critical that we get it right.”

This is the vision the Roadmap hopes to realize over the next decade: Arizona is the energy hub of the Southwest, with a diverse energy mix supporting reliable transmission, a strong base of manufacturing facilities, increased numbers of higher wage jobs, and world-class research institutions, resulting in increased economic development for the state and region.

Once that vision is realized, De Blasi said the state can expect to reap these benefits:
• Enhanced job creation and higher-wage jobs within Arizona
• Increased state economic revenue
• Enhanced energy export potential
• Heightened energy self-sufficiency and national and state security
• Increased transmission reliability
• Continued low cost energy

“This Roadmap is going to help Arizona be looked at differently from outside its borders,” said Chris Davey, co-chair with De Blasi of the AEC and president of EnviroMission, which is developing a solar tower in Western Arizona. “The Roadmap will create a sense of certainty, which appeals to the finance community. So when they are looking to invest, that certainty creates a more attractive environment for developers and investors.”

Davey and De Blasi said they will be rolling out the Roadmap this year, presenting it to groups throughout the state. For more information on the Roadmap, visit aztechcouncil.org.

ROADMAP CONTRIBUTORS

Arizona Commerce Authority
Arizona Governor’s Office of Energy Policy
Arizona Public Service
Bridge Strategy Group
Brownstein Hyatt Farber Schreck
City of Mesa, the Office of the Mayor
Cleantech Open
Dircks
DIRTT
DMB Associates
Energy Services Coalition
EnviroMission
Faithful+Gould
Greater Phoenix Economic Council
Greenberg Traurig
The Green Chamber – Greater Phoenix
Golder Associates
Hensel Phelps
Ikoloji
Institute for Tribal Environmental Professionals
J.D. Porter & Associates
Kolbe Connect
Matthew McDonnell
Ormond Group, LLC
RG Schmelzer, Inc.
Salt River Project
Stream Energy
Tucson Electric Power
Valley Forward
Valley Partnership

Pamela Overton Risoleo

Greenberg Traurig Shareholder Honored

Pamela Overton Risoleo, a shareholder and co-chair of the Phoenix litigation practice of the international law firm Greenberg Traurig, will be honored Feb. 23 by YWCA Maricopa County as its “2013 Tribute to Leadership – Community Service Corporate Leader.” Overton’s recognition is for her many years dedicated to philanthropic causes and for her passion for serving the Phoenix community including her pivotal role as co-founder of the nonprofit Fresh Start Women’s Foundation. Established in 1992, the organization has supported a full-service women’s resource center serving more than 2,500 women in need each month in Phoenix.

In addition to decades of fundraising and leadership positions, Overton Risoleo also supports a broad range of philanthropic causes, having raised millions for Phoenix-based charities, including The American Heart Association, Liberty Wildlife and Trends Charitable Fund. In 2008, AZ Woman named her “Woman of the Year.” She is also an active fundraiser for the Phoenix Theatre and was recognized with the organization’s “Women Who Care” award in 2011.

“Not only has Pam been a leader and mentor for many within our Phoenix office, she has also served as a role model in serving the community,” said John E. Cummerford, Greenberg Traurig’s co-managing shareholder in Phoenix. “We are pleased and proud she is being recognized for her outstanding work.”

Overton Risoleo and 10 honorees in other leadership categories will be recognized at the YWCA Tribute to Leadership dinner event at the Phoenix Ritz-Carlton on Feb. 23. Others to be recognized include community leaders from PetSmart, Banner Health, Phoenix Theatre, Helios Education Foundation, Maricopa Medical Center, the U.S. Army Reserve, ONE Community Media, the Phoenix Mercury, the Arizona Centennial 2012 Foundation and the International Foundation for Education & Self-Help.

“To be recognized among this outstanding group is truly an honor,” said Overton Risoleo. “I continue to be inspired by those who make a difference, but even more so by those who are determined to make the most of what they have for themselves and their families. I will always assist and encourage those in need and challenge my colleagues, family and friends to do the same. The rewards are so much greater than the effort required.”

For the past 18 years YWCA Maricopa County, part of the oldest and largest multicultural organization in the world, has been honoring individuals who strive to eliminate discrimination against women in the community. Community service leader honorees were selected in areas of nonprofit, corporate, education, creative arts, advocacy, health and science, military, sports and racial justice. For more information on YWCA Maricopa County and the Tribute to Leadership event, visit ywcaaz.org or call (602) 258-0990.

Frank Long

Greenberg Traurig Attorney will Teach Trademarks Law at ASU

Frank G. Long, an Of Counsel in the Phoenix office of international law firm Greenberg Traurig, LLP, will serve as a Faculty Associate at the Arizona State University Sandra Day O’Connor College of Law, where he will return to teach the course in Trademarks and Unfair Competition Law.

The course curriculum focuses on the specific principles and practice of protecting trade identity under U.S. trademark and unfair competition laws. Long, who works on transactions and litigation involving intellectual property rights law and e-commerce, enjoys the opportunity to share his gained knowledge with students as they are beginning their legal careers.

“Greenberg Traurig encourages its attorneys to become involved in the community, and we are proud that Frank has consistently directed his experience and legal skills towards educating Arizona’s future lawyers,” said John Cummerford, Co-Managing Shareholder of Greenberg Traurig’s Phoenix office.

Long, Of Counsel in the firm’s Intellectual Property & Technology group, is an active member of the legal and civic community in Phoenix. He advises clients in matters related to trademarks, trade dress, false advertising, copyright, cybersquatting and trade secrets. Long assists clients with the development of strategies for the protection of intellectual property rights and trademarks. He has a wide range of experience in the management of worldwide intellectual property rights, as well as transactions involving merchandising and licensing agreements for intellectual property rights and transfers of patents, trademarks, copyrights, trade secrets and domain names. In addition to his law practice, Long serves as Vice President of the Arizona State Parks Foundation, where he is a charter member of the Board of Directors.

Desert Schools - community service and leadership award

YWCA Hosts 2013 Tribute To Leadership Gala

YWCA Maricopa County will Host its 20th annual Tribute To Leadership Gala on February 23, 2013, at the Ritz-Carlton, Phoenix at 6:00pm. Guests will be provided an elegant setting to dine and dance to the wonderful Upper East Side Big Band.

Tribute To Leadership, our largest event of the year, will honor those who have made substantial contributions to eliminating discrimination, empowering women, and serving as champions to our community. The gala provides funding to support YWCA programs throughout the year; including financial education, advocacy and awareness programs, and essential services for seniors. Please join us on February 23rd to celebrate these amazing honorees. For more information, visit www.ywcaaz.org or call 602-258-0990.

2013 Tribute to Leadership Honorees:

Jaye Perricone, PetSmart, Advocacy Leader

Pamela Overton Risoleo, Greenberg Traurig, Community Service Corporate Leader

Andy Kramer, Banner Health Foundation, Community Service Nonprofit Leader

Michael Barnard, Phoenix Theatre, Creative Arts Leader

Paul Luna, Helios Education Foundation, Education Leader

Dean Victor Coonrod, MD-MPH, Maricopa Medical Center, Health & Science Leader

Patricia Little-Upah, retired, US Army Reserve, Military or Armed Service Leader

Angela Hughey, ONE Community Media, Public Service Leader

Karen Churchard, Arizona Centennial 2012 Foundation, Centennial Leader

Diana Taurasi, Phoenix Mercury, Sports Leader

Julie Sullivan, International Foundation for Education & Self-Help, Racial Justice Leader

real estate - expanding to california

Greenberg Traurig Real Estate Practice earns honor

The Real Estate Practice at the international law firm Greenberg Traurig LLP has been selected as a Real Estate Practice Group of the Year by Law360, a legal news service.  The group, with more than 200 real estate practitioners spanning 35 offices, was also bestowed with this honor in 2011.

“It is gratifying to receive this national recognition of our Real Estate Practice again this year,” said Rebecca Burnham, a shareholder in the Phoenix office of Greenberg Traurig. “We are proud of our collaborative efforts and that our highly-skilled client service continues to be recognized.”

The depth and breadth of the firm’s real estate practice platform is far reaching and enables the  representation of clients in a wide range of real estate law matters, including: acquisitions and dispositions, joint ventures, entity structuring, recapitalization, debt purchases, lender finance, capital market transactions, land use, commercial leasing, environmental, and cross-border transactions within virtually every property investment sector including office, mixed-use, retail, industrial, commercial and residential condominium developments, multi-family, affordable housing, and hospitality and debt.
“This honor reflects that the Phoenix office and our Real Estate Practice is a leader and on the radar from a national perspective,” said Jeff Verbin, a shareholder in the Phoenix office of Greenberg Traurig. “Our clients will continue to be served well with our vast real estate expertise.”

“This outstanding achievement reflects an enormous team effort,” stated Robert J. Ivanhoe, chair of the Global Real Estate Practice.  “In 2012 the team was instrumental in some of the largest commercial transactions across many regions, which is a testament to our hard work, collaborative environment and intense dedication to our clients.”

Corey E. Light, co-chair of the Global Real Estate Practice said, “We have built an exceptional team of first-rate attorneys and it is an honor to be recognized as a leader in the industry. All of our clients are served by exceptional attorneys that provide a full range of solutions to complex real estate legal issues that affect their businesses.”

The editors of Law360 reviewed the nearly 550 entries that were submitted by almost 100 law firms. The judges selected 109 practice groups from 54 firms to be designated as Practice Groups of the Year. Winners were selected based on the significance of the litigation wins or deals worked on; the size and complexity of the litigation wins or deals worked on; and the number of significant, large or complex deals the group worked on or lawsuits the group won between Nov. 1, 2011, and Nov. 1, 2012.

legal

Greenberg Traurig Named to ‘The BTI Client Service 30′

Greenberg Traurig Named to ‘The BTI Client Service 30′

PHOENIX (December 3, 2012) – International law firm Greenberg Traurig LLP has announced that the firm has been ranked in the BTI Client Service A-Team 2013 report. The firm joins “The BTI Client Service 30,” a list which makes up the 30 law firms who “perform five to 15 times better” out of the report’s 650 law firms serving large clients, according to its publisher, The BTI Consulting Group (Wellesley, MA).

“Our team in Phoenix prides itself on superior client service and this recognition is proof that our efforts have not gone unnoticed,” said John E. Cummerford, Greenberg Traurig’s managing shareholder in Phoenix. “We are proud to be included in this impressive, unbiased ranking.”

“Excellence in client service is at the core of who we are as a firm. We are humbled by our inclusion in BTI’s elite group of 30 law firms most recognized for such service,” said Richard A. Rosenbaum, Greenberg Traurig’s Chief Executive Officer. “We will continue our commitment to client satisfaction and keeping the Greenberg Traurig name synonymous with unparalleled legal counsel. Our passion for the delivery of high quality legal services and real value has been the root of our ability to grow into a global leader while maintaining our relationships with clients throughout the U.S. A hearty thank you goes to those who believe and trust in us as clients and as legal professionals.”

The report ranks firms solely on objective, unbiased client feedback from more than 300 in-depth interviews with corporate counsel. According to BTI, “no law firms influence the results, submit nominations or provide client names. The research is independent and unbiased. The client—the most important judge of client service—solely decides which law firms are best at the 17 activities driving superior client relationships.”

Published in the report is following commentary from BTI: Greenberg Traurig’s commitment to client service led to honors in all 17 activities driving client relationships. What Corporate Counsel Say: Clients praise the quality of services offered by Greenberg Traurig, along with their focus on “getting to know our business.” Clients appreciate the firm’s “Willingness to partner with them to reduce outside legal cost,” and their “focus on making themselves cost effective.” Greenberg Traurig also receives praise for their global reach, with clients noting, “They can cover unusual physical locations.”

The firm is noted for appearing on the following lists in the report: Honor Roll of the Best; Anticipates the Client’s Needs; Breadth of Services; Brings Together National Resources; Client Focus; Commitment to Help; Deals with Unexpected Changes; Handles Problems; Helps Advise on Business Issues; Innovative Approach; Keeps Clients Informed; Legal Skills; Meets Core Scope; Provides Value for the Dollar; Quality Products; Regional Reputation; Understands the Client’s Business; and Unprompted Communication.

technology

Technology and the law

We all know how quickly technology is changing.

But how will changes in technology affect changes in the law?

As Arizona enters its second century, three Arizona attorneys weigh in on the legal changes they see coming as technology continues to rock our world.

Cheryl Walsh, shareholder, Burch & Cracchiolo, P.A.: Just 107 years ago, the Wright Brothers flew a plane for the first time.  Who could have imagined then that we would have the technologically-rich world we have today?  With that in mind, we do have technological advancements in our midst today that are ripe for challenge and examination. For instance, access to information and data as a result of technology can increase safety and efficiency of  law enforcement substantially; however, privacy and personal rights must be balanced in the process. The Supreme Court will be tackling this issue in the current session by considering the admissibility of GPS tracking device information obtained without a warrant. Cameras are everywhere and soon we will enter our homes and businesses with eye recognition technology that will make the individuality of fingerprinting more obsolete than ever.  Protecting our rights while advancing our civilization is a delicate balance.

Yu Cai, associate in Polsinelli Shughart’s science and technology practice group: Intellectual property development and protection will become an essential part of any business plan. Particular attention must be paid to the recent change in patent law from “first to invent” to “first to file,” requiring earlier interaction and involvement between inventors and their legal representatives.

John E. Cummerford, co-managing shareholder, Greenberg Traurig: Until fairly recently, “privacy” — as we think of it today — was a rare commodity. The word “privacy” doesn’t even appear the Constitution, no doubt because it was so uncommon when the Constitution was drafted. Technology has sharply reduced — and in my view, will soon eliminate — the whole notion of personal privacy.  Naturally, this will cause a lot of worry and fear.  But, when nobody’s privacy is safe, how will that affect our own inclination to invade the privacy of others?  I think it will cause people to actually become more respectful of others, and will — for lack of a better term — cause them to avert their eyes.

That is, will the muck-raking reporter who makes a living ferreting out scandals and embarrassing others really want someone to find out, say, his own bank balance, or what websites he has visited, or with whom he has been keeping company and put that information on the web?  Probably not, although that information may be readily available.  And so, I think that recognition that we are all vulnerable to invasions of privacy will foster more civility and I dare say more kindness among people.  And that will be a good thing indeed.

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Squire Sanders Boosts Labor And Employment Practice

Squire Sanders has significantly expanded its Labor & Employment Practice Group with the addition of a team of lawyers from Greenberg Traurig’s Phoenix office, including the former national co-chair of its Labor and Employment Group, Lawrence Rosenfeld.

Rosenfeld and fellow partner Daniel B. Pasternak join with senior associate Laura Lawless Robertson. Rosenfeld, Pasternak and Lawless Robertson join an already strong Squire Sanders Phoenix labor and employment team, featuring veteran partner D. Lewis Clark, Jr.

Rosenfeld is one of the leading senior employment practitioners in Arizona. He has more than 35 years of employment law experience, particularly in the defense of federal and state statutory employment claims including individual and class action defense of Title VII and wage-hour claims as well as restrictive covenant litigation and client counseling. Rosenfeld also specializes in health care and administrative law. He served as co-chair of Greenberg Traurig’s national labor and employment group for 10 years. Last year, he was elected as a fellow to the prestigious College of Labor and Employment Lawyers, and was this past week recognized by Best Lawyers in America 2013 as Phoenix Litigation Labor and Employment Lawyer of the Year. He has received a number of additional individual accolades, including being named by Human Resources Executive magazine and Lawdragon as one of the “100 Most Powerful Employment Attorneys in America” in 2010, 2011 and 2012.  He is ranked Band 1 in Chambers USA.

Pasternak was co-leader of Greenberg Traurig’s traditional labor practice group. He has a wealth of experience representing employers in a wide range of labor relations matters, including union organizing campaigns, collective bargaining negotiations, unfair labor practice charge and representation case proceedings before the National Labor Relations Board and federal appellate courts, and grievance arbitration proceedings, and has been recognized by The Best Lawyers in America as a top management-side labor attorney and in Chambers USA. He frequently speaks at legal and industry seminars advising on current labor and employment issues. In addition to his labor practice, he also represents clients in employment litigation matters, and advises employers on employment law compliance issues. In addition to Arizona, Pasternak also is licensed to practice in Illinois, where he actively handles litigation matters and advises Illinois clients.

Lawless Robertson is a labor and employment litigator and counselor who defends employers in the entire range of employment litigation matters. She was listed as a 2012 “Rising Star” by Super Lawyers magazine’s Southwest Super Lawyers.

Commenting on the additions, Susan M. DiMickele, Squire Sanders’ labor and employment co-practice group leader, said: “We are extremely excited to bring Larry, Dan and Laura to Squire Sanders. Not only do they possess formidable experience, technical know-how and acumen, but they command a reputation in the market that is second to none.”

Phoenix office managing partner John M. Welch added: “This team reflects Squire Sanders’ commitment to establishing a market-leading labor and employment practice, and is part of a wider plan to pursue strategic growth in Phoenix. In addition to labor and employment, we are looking to expand our services in a number of key areas where we are experiencing client demand. We want to add high-quality, productive lawyers who are good people and who share our enthusiasm for a national and international platform.”

Rosenfeld said: “Squire Sanders’ strong and growing local presence and global platform were key factors in our decision to join the practice, and its collaborative and collegial culture also was very attractive. We look forward to working with our new colleagues to help serve clients in innovative ways.”

Squire Sanders’ expanded Phoenix labor and employment group is in the process of planning an all-day seminar in early 2013, at which it will provide updates and timely information about key labor and employment law issues and developments.

greenberg traurig

Greenberg Traurig Attorney Will Speak At Society Of HR Management Conference

Daniel B. Pasternak, a shareholder in the Phoenix office of international law firm Greenberg Traurig LLP, is scheduled to speak at the Society for Human Resource Management’s (SHRM) annual conference held June 24 to 27 in Atlanta, Georgia. Pasternak will lead a session titled “Traditional Labor Law Issues Affecting the Non-Union Employer.”

Pasternak, who practices in the firm’s Labor & Employment practice, will speak on Wednesday, June 27 about the National Labor Relations Act and how it applies to non-union employers. He will discuss the recent actions by the National Labor Relations Board to extend and apply the act, particularly as it relates to employees’ use of social media as a means to comment on the workplace.  Pasternak will also address issues in the non-union workplace including confidentiality, blogging, Internet usage policies, solicitation and distribution policies, and other matters that arise daily in the workplace.

This is SHRM’s 64th annual conference. According to its website, SHRM was founded in 1948 and is the world’s largest association devoted to human resource management serving the needs of HR professionals and advancing the interests of the HR profession in over 100 countries.

Pasternak focuses his practice on representing employers in traditional labor relations matters, including union organizing campaigns, collective bargaining negotiations, unfair labor practice charge and representation case proceedings before the National Labor Relations Board and federal appellate courts, and grievance arbitration proceedings, as well as litigating employment discrimination, harassment, and retaliation cases before the federal and state courts, administrative agencies, and in arbitration and mediation proceedings. He represents clients in other employment-related matters, such as wage and hour, non-compete and non-solicitation, breach of contract, ERISA denial of benefits, executive compensation, and shareholder and LLC member disputes.

Pasternak received his J.D. from the University of Illinois College of Law and his B.S. from the University of Illinois at Urbana-Champaign.

Greenberg Traurig’s Labor & Employment Practice, with more than 100 practitioners firm-wide and recognized by Law360 as a 2011 Employment Group of the Year, provides an array of workplace strategies and legal counsel, including consulting, technical assistance and litigation representation.

For more information Greenberg Traurig and the Society for Human Resource Management, visit Greenberg Traurig’s website at gtlaw.com and visit the Society for Human Resource Management’s website at shrm.org

energy policies

Congressional Candidates To Provide Input On Energy Policies

The Arizona Energy Consortium (AEC), a committee of the Arizona Technology Council, announced that it has invited the state’s District Nine congressional candidates to attend its next regularly scheduled meeting to discuss their energy policies. The meeting is Friday, June 15, 2012 at 9 a.m. in the Phoenix office of Greenberg Traurig, LLP.

“As Arizona positions itself to be a leader in solar energy production and grow the industry in both our state and nationally, the AEC’s updated Arizona Solar Strategic Plan establishes the foundation for us to move the discussion and planning efforts forward,” said Michelle De Blasi, a shareholder and Phoenix Group Chair of the Energy and Infrastructure Practice at Greenberg Traurig, LLP, as well as co-chair of the AEC. “Through increased collaboration among energy sector participants, including the legislators, we look forward to identifying ways to integrate into our diverse energy mix the many facets of solar production — solar generation, technology innovation and manufacturing.”

Christopher Davey, Executive Director of EnviroMission and co-chair of the AEC, commented, “We are thrilled that the congressional candidates will join the AEC and share their policies on Arizona’s Energy Future.”

According to the AEC, the congressional candidates confirmed to attend the meeting include Andrei Cherney, Travis Grantham, Leah Campos Schandlbauer, David Schapira, Kyrsten Sinema and Jeff Thompson.

For more information on the Arizona Technology Council and their energy policies, visit Arizona Technology Council’s website at aztechcouncil.org.

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Arizona’s Top Lawyers 2012 – Mergers & Acquisitions – Real Estate

Arizona Business Magazine used its own research, solicited input from legal experts, and referenced professional ratings and rankings to determine the legal professionals who made the 2012 Top Lawyers list.


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Categories

BankingHealthcare
Business/Corporate LawIntellectual Property
Construction LitigationMergers and Acquisitions
Employment/Labor
Relations
Real Estate
Environmental LawSecurities and Corporate Finance
Estate and Trust LitigationTax

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MERGERS AND ACQUISITIONS

Charles R. Berry ◆ Polsinelli Shughart PC
602-650-2030 ◆ polsinelli.com
Berry has extensive experience in securities regulation, public offerings, business mergers, acquisitions and sales.

Brian H. Blaney ◆ Greenberg Traurig, LLP
602-445-8322 ◆ gtlaw.com
Blaney concentrates his practice on corporate and securities law, mergers and acquisitions, and private equity investments.

Joseph M. Crabb ◆ Squire, Sanders & Dempsey
602-528-4084 ◆ squiresanders.com
Crabb focuses his practice on corporate finance and securities matters including merger and acquisition transactions, public and private securities offerings, and counseling corporate officers and directors.

Matthew P. Feeney ◆ Snell & Wilmer L.L.P.
602-382-6239 ◆ swlaw.com
Feeney’s practice is concentrated in the areas of mergers and acquisitions, securities offerings, SEC reporting and compliance, and corporate governance matters.

William M. Hardin ◆ Osborn Maledon PA
602-640-9322 ◆ omlaw.com
Hardin’s practice includes representing public and private companies in mergers and acquisitions, venture capital and private equity financing, securities offerings and other significant business transactions.

Karen C. McConnell ◆ Ballard Spahr LLP
602-798-5403 ◆ ballardspahr.com
McConnell is a partner in the business and finance department and practice leader of the mergers and acquisitions/private equity group.

Bruce E. Macdonough ◆ Greenberg Traurig, LLP
602-445-8305 ◆ gtlaw.com
For more than 25 years, Macdonough’s practice has concentrated on mergers and acquisitions, public and private securities offerings, and providing general corporate counsel to public and private companies.

Thomas J. Morgan ◆ Lewis and Roca LLP
602-262-5712 ◆ lrlaw.com
Morgan practices in the areas of securities, with emphasis in public and private securities offerings, private equity fundings, mergers and acquisitions, regulatory compliance, commercial transactions and general tax planning.

Steven D. Pidgeon ◆ DLA Piper LLP
480-606-5124 ◆ dlapiper.com
Pidgeon concentrates his practice on securities offerings, mergers and acquisitions, recapitalizations, and private equity and venture capital investments.

Susan E. Wells ◆ Jaburg & Wilk P.C.
602-248-1034 ◆ jaburgwilk.com
Wells’ 30 years of practice include mergers and acquisitions and securities at large law firms in Phoenix and New York City.


REAL ESTATE

Edwin C. Bull ◆ Burch & Cracchiolo, P.A.
602-234-9913 ◆ bcattorneys.com
Martindale-Hubbell rated 5.0, Bull’s practice includes zoning, general plan amendments, specific area plan approvals and amendments, variances, development impact fees and real estate transactions.

J. Scott Burns ◆ Burns and Burns, P.C.
602-264-3227 ◆ b-blaw.com
Burns is a Board Certified Real Estate Law Specialist with a practice area emphasizing the acquisition and disposition of commercial and industrial properties, title review, landlord tenant issues and commercial lease negotiations.

Christopher A. Combs ◆ Combs Law Group
602-957-9810 ◆ combslawgroup.com
Combs writes a regular column for Arizona REALTOR Digest and is a former member of the Pittsburgh Pirates minor league baseball organization.

Mark Dioguardi ◆ Dioguardi Flynn LLP
480-970-2430 ◆ dioguardiflynn.com
Mark has 31 years of extensive practice in the fields of real estate law and private venture finance including in the areas of development, acquisitions and dispositions, joint ventures, finance, leasing, syndications, and zoning and entitlements.

Gerald L. Jaco ◆ Gust Rosenfeld PLC
602-257-7436 ◆ gustlaw.com
Jacobs has focused almost his entire 47-year legal career on real estate transactions and related areas.

Steven L. Lisker ◆ Squire, Sanders & Dempsey LLP
602-528-4023 ◆ squiresanders.com
Lisker is a certified specialist in real property law by the State Bar of Arizona, represents real estate developers and builders in the review, planning, acquisition, development, financing, sale, leasing and regulatory compliance of real estate projects.

J. Lawrence McCormley ◆ Tiffany & Bosco
602-255-6005 ◆ tblaw.com
McCormley has extensive transactional real estate, bankruptcy, and litigation experience.

Don J. Miner ◆ Fennemore Craig PC
602-916-5000 ◆ fclaw.com
Miner was the buyer’s counsel in sale of a portfolio of $101 million of loans secured by residential real estate mortgages.

James R. Nearhood ◆ Nearhood Law Offices PLC
480-269-8979 ◆ nearhoodlaw.com
For more than 20 years, Nearhood has been one of a small elite group of attorneys certified by the State Bar of Arizona as a Real Estate Specialist.

Michael E. Tiffany ◆ Tiffany & Bosco PA
602-255-6000 ◆ tblaw.com
Tiffany concentrates in the area of commercial transactions, primarily in real estate and finance.

Arizona Business Magazine has used its best efforts in assembling material for this list, but does not warrant that the information contained herein is a complete or exhaustive list of the top lawyers in Arizona, and hereby disclaims any liability to any person for any loss or damage caused by errors or omissions herein.

Arizona Business Magazine March/April 2012

justice.scales.and.gavel

Arizona’s Top Lawyers – 2012 Banking & Business/Corporate Law

Arizona Business Magazine used its own research, solicited input from legal experts, and referenced professional ratings and rankings to determine the legal professionals who made the 2012 Top Lawyers list.


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Categories

BankingHealthcare
Business/Corporate LawIntellectual Property
Construction LitigationMergers and Acquisitions
Employment/Labor
Relations
Real Estate
Environmental LawSecurities and Corporate Finance
Estate and Trust LitigationTax

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BANKING

Michael A. Bosco ◆ Tiffany & Bosco
602-255-6002 ◆ tblaw.com
Bosco represents more than 40 top banks and mortgage lenders — including Freddie Mac and Fannie Mae — and private mortgage insurance companies.

Mark S. Bosco ◆ Tiffany & Bosco
602-255-6006 ◆ tblaw.com
Bosco is a lecturer at regional and national mortgage banking and default servicing seminars, and he has published numerous articles on mortgage banking, default servicing and related topics.

Scott DeWald ◆ Lewis and Roca
602-262-5333 ◆ lrlaw.com
DeWald’s practice focuses on the legal needs of high-tech, e-commerce and emerging companies and limited liability companies.

Dean Dinner ◆ Nussbaum Gillis & Dinner, P.C.
480-609-0011 ◆ nussbaumgillis.com
Negotiated and documented DIP financing transactions for both factoring companies and asset based lenders.

Richard Goldsmith ◆ Lewis and Roca
602-262-5341 ◆ lrlaw.com
Goldsmith practices primarily in the areas of lending, equipment leasing and sales, real estate, and general contract drafting.

W. Scott Jenkins ◆ Ryley Carlock and Applewhite
602-440-4890 ◆ rcalaw.com
Jenkins is a member of the fi rm’s Bankruptcy and Creditor’s Rights, Real Estate, Litigation, and Transportation practice groups.

Thomas E. Littler ◆ Gordon Silver
602-256-0400 ◆ gordonsilver.com
Littler represents debtors and creditors, trustees, official committees, and secured creditors in reorganizations in a wide range of industries.

Jared Parker ◆ DeConcini McDonald Yetwin & Lacy, P.C.
602-282-0500 ◆ deconcinimcdonald.com
Parker focuses on business restructuring and bankruptcy, litigation and creditors’ rights.

John Randolph ◆ Sherman & Howard
602-240-3000 ◆ sah.com
Randolph represents lenders in connection with workouts, prejudgment strategy and remedies and trustee’s sales foreclosures.

William G. Ridenour ◆ Ridenour, Hienton & Lewis
602-254-9900 ◆ rhkl-law.com
Ridenour’s practice emphasizes transactional, banking and corporate law.

Gil Rudolph ◆ Greenberg Traurig, LLP
602-445-8206 ◆ gtlaw.com
Rudolph representats finance companies, mortgage lenders, banks, title insurance companies and other consumer financial service providers.


BUSINESS/CORPORATE LAW

Mark Barker ◆ Jennings, Haug & Cunningham, LLP
602-234-7828 ◆ jhc-law.com
Barker has a busy commercial transaction practice representing financial institutions and Arizona small businesses, commercial litigation practice with an emphasis on surety law, construction law and business dispute resolution.

Edwin D. Fleming ◆ Burch & Cracchiolo, P.A.
602-234-9921 ◆ bcattorneys.com
Fleming has successfully prosecuted and defended professionals, including lawyers and accountants, in cases involving high-stakes financial fraud and securities issues.

Dan Garrison ◆ Andante Law Group
480-421-9449 ◆ andantelaw.com
In 2007, Garrison received the “Turnaround of the Year” Award from the Arizona Chapter of the Turnaround Management Association.

Larry A. Hammond ◆ Osborn Maledon
602-640-9361 ◆ omlaw.com
Hammond served as an Assistant Watergate Special Prosecutor in 1973- 1974. One of his specialities is commercial litigation.

John L. Hay ◆ Gust Rosenfeld PLC
602-257-7468 ◆ gustlaw.com
Hay practices general corporate and commercial law, with emphasis on representing small- and medium-sized businesses.

John A. Klecan ◆ Renaud Cook Drury Mesaros, PA
602-307-9900 ◆ rcdmlaw.com
Klecan has been involved in precedent-setting products liability litigation, in Arizona and other jurisdictions.

P. Robert Moya ◆ Quarles & Brady
602-230-5580 ◆ quarles.com
Moya’s practice focuses on middle-market and emerging entrepreneurial and growth companies.

Brett Johnson ◆ Snell & Wilmer
602-382-6312 ◆ swlaw.com
Johnson’s practice includes representation in business, export, government contracting, and health care matters.

Michael Manning ◆ Stinson Morrison Hecker LLP
602-212-8503 ◆ stinson.com
Manning’s practice focuses on antitrust, business litigation, class actions, business litigation, governance, risk and compliance.

Kevin Olson ◆ Steptoe & Johnson
602-257-5275 ◆ steptoe.com
Olson’s focus is general corporate advice, mergers and acquisitions, securities and corporate finance, and other commercial transactions.

Brian Spector ◆ Jennings Strouss
602-262-5977 ◆ jsslaw.com
Spector is a business lawyer and litigator whose practice focuses on debt resolution, bankruptcy litigation and collection matters.

Arizona Business Magazine has used its best efforts in assembling material for this list, but does not warrant that the information contained herein is a complete or exhaustive list of the top lawyers in Arizona, and hereby disclaims any liability to any person for any loss or damage caused by errors or omissions herein.

Arizona Business Magazine March/April 2012

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Arizona’s Top Lawyers – 2012 Healthcare – Intellectual Property

Arizona Business Magazine used its own research, solicited input from legal experts, and referenced professional ratings and rankings to determine the legal professionals who made the 2012 Top Lawyers list.


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Categories

BankingHealthcare
Business/Corporate LawIntellectual Property
Construction LitigationMergers and Acquisitions
Employment/Labor
Relations
Real Estate
Environmental LawSecurities and Corporate Finance
Estate and Trust LitigationTax

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HEALTHCARE

Charles L. Arnold ◆ Frazer Ryan Goldberg & Arnold LLP
602-277-2010 ◆ frgalaw.com
Arnold specializes in mental health and elder law, serving the developmentally disabled, the mentally ill, and the elderly.

Susan D. Brienza ◆ Ryley Carlock & Applewhite, P.C.
602-440-4885 ◆ rcalaw.com
Brienza is especially involved in issues concerning herbal products for women, and in biotechnology and nanotechnology issues.

Richard B. Burnham ◆ Gammage & Burnham PLC
602-256-0566 ◆ gblaw.com
Burnham has developed an extensive commercial litigation, administrative law and legislative practice which has evolved to emphasize health care reimbursement matters.

Frederick M. Cummings ◆ Jennings Strouss
602-262-5903 ◆ jsslaw.com
Cummings has extensive trial experience in the areas of health care, medical malpractice and medical products liability defense litigation.

Richard Davis ◆ Mesch Clark & Rothschild PC
520-624-8886 ◆ mcrazlaw.com
Davis’ practice areas include healthcare and cases that involve products liability, condemnation matters and medical malpractice.

Bill Drury ◆ Renaud Cook Drury Mesaros, PA
602-307-9900 ◆ rcdmlaw.com
Drury has a strong track record of success in defending medical malpractice and negligence claims, regulatory claims and administrative claims.

Barry D. Halpern ◆ Snell & Wilmer L.L.P.
602-382-6345 ◆ swlaw.com
Halpern’s practice is focused in business and health care matters.

Roger N. Morris ◆ Quarles & Brady LLP
602-229-5200 ◆ quarles.com
Morris is chairman of Quarles & Brady’s Health & Life Sciences Industry Group.

Lawrence J. Rosenfeld ◆ Greenberg Traurig
602-445-8502 ◆ gtlaw.com
Rosenfeld has more than 35 years of experience in the areas of health law and administrative law.

Beth J. Schermer ◆ Coppersmith Schermer & Brockelman PLC
602-381-5462 ◆ csblaw.com
Schermer’s legal practice concentrates in health care transactions, regulation, and operations.


INTELLECTUAL PROPERTY

Karin Scherner Aldama ◆ Perkins Coie LLP
602-351-8270 ◆ perkinscoie.com
Aldama focuses her practice on commercial and appellate litigation, with particular emphasis on complex commercial cases and issues relating to intellectual property protection, privilege law, choice-of-law, and cross-border litigation.

Glenn S. Bacal ◆ Bacal Law Group PC
480-245-6233 ◆ ipdepartment.net
Bacal Law Group focuses on intellectual property, including litigation, administration, trademarks, copyrights, trade secrets, noncompetes, rights of publicity, and appellate advocacy.

George C. Chen ◆ Bryan Cave LLP
602-364-7367 ◆ bryancave.com
Chen’s practice includes litigation, licensing, counseling, and prosecution of patent, trademark, copyright, trade secret, unfair competition, Internet, cybersquatting, and other intellectual property matters.

Bruce Converse ◆ Steptoe & Johnson
480-257-5274 ◆ steptoe.com
Converse is a member of the Litigation Department and Intellectual Property group. He has a broad range of experience in commercial litigation at both trial and appellate levels.

John E. Cummerford ◆ Greenberg Traurig, LLP
602-445-8377 ◆ gtlaw.com
Cummerford’s practice focuses on the legal and business needs of established and emerging growth companies, with particular emphasis on software, Internet, hardware and related businesses.

R. Lee Fraley ◆ Snell & Wilmer L.L.P.
602-382-6250 ◆ swlaw.com
Fraley offers clients a unique blend of intellectual property counseling, IP rights enforcement and defense, as well as aggressive negotiation of IP-related transactions and acquisitions.

Robert J. Itri ◆ Gallagher & Kennedy, P.A.
602-530-8019 ◆ gknet.com
Itri focuses on intellectual property and securities related litigation, arbitration and enforcement proceedings, contract, trade secret, business tort and shareholder litigation.

Ron Kisicki ◆ Woods Oviatt Gilman LLP
480-659-2213 ◆ woodsoviattgilman.com
Kisicki is admitted to practice before the U.S. Patent Office, and concentrates his practice in intellectual property law.

Peter Kozinets ◆ Steptoe & Johnson
480-257-5250 ◆ steptoe.com
Kozinets concentrates his practice on complex litigation, with particular focus on media and constitutional law, intellectual property litigation and commercial disputes.

Brian W. LaCorte ◆ Ballard Spahr LLP
602-798-5449 ◆ ballardspahr.com
LaCorte’s practice is focused on patent, trademark, and copyright litigation as well as IP transactional work.

Albert L. Schmeiser ◆ Schmeiser, Olsen & Watts
480-655-0073 ◆ iplawusa.com
Experienced in all areas of intellectual property protection, transfer and enforcement, including preparation of patent applications and prosecuting same, patent appeals and interferences.

Maria Crimi Speth ◆ Jaburg & Wilk P.C.
602-248-1000 ◆ jaburgwilk.com
Speth assists clients in protecting their intellectual property through preventative measures to avoid disputes, and taking aggressive measures when disputes arise.

Arizona Business Magazine has used its best efforts in assembling material for this list, but does not warrant that the information contained herein is a complete or exhaustive list of the top lawyers in Arizona, and hereby disclaims any liability to any person for any loss or damage caused by errors or omissions herein.

Arizona Business Magazine March/April 2012

Subprime Market Collapse - AZ Business Magazine July 2008

The Legal Fallout Of The Subprime Market Collapse Has Begun

Real Estate Realities
The legal fallout of the subprime market collapse has begun

The Valley’s residential real estate market continues to reel from the effects of the subprime market collapse. Home foreclosures are on the rise and banks are tightening lending standards. Arizona Business Magazine has assembled a roundtable featuring some of the top lawyers in the real estate field to discuss the current unrest in the housing market.

Taking part in the roundtable were:

Brian Spector, Subprime Market Roundtable - AZ Business Magazine July 2008Brian Spector, member, Jennings Strouss — His practice over the past 20 years has involved matters related to the recent mortgage crisis and fallout.
 Daniel Garrison, Subprime Market Roundtable - AZ Business Magazine July 2008Daniel E. Garrison, partner, Shughart Thomson & Kilroy — He heads the Phoenix office’s corporate restructuring and bankruptcy practice. His experience includes health care, software, telecommunications, manufacturing, mining, real estate development and airlines industries.
Michael Walker, Subprime Market Roundtable - AZ Business Magazine July 2008Michael Walker, associate, Greenberg Traurig — He focuses on the areas of labor, employment and general litigation. Prior to joining the firm, he was in-house counsel for a large, privately held mortgage-lending institution.

Editor:

With the collapse of the subprime market, Congress has been talking about reform legislation. Is it needed or are there already laws in place to handle this situation?

Spector:

The (federal) legislation that I am most aware of is Senate Bill 2136 … That is aimed at trying to modify the bankruptcy code to make it permissible for debtors to modify their home mortgage loans, something they cannot do currently because of the protections afforded mortgage lenders. That particular legislation would permit … borrowers to reduce the amount of the loan value to the amount of the collateral in cases where the loan value is in excess of the collateral, and it would also allow them to modify the interest rate to a court-determined rate.

One of the things that I wonder about legislation like that is whether by the time — if it makes its way into law — whether we’ll still have this crisis in front of us or whether it will be a crisis in a different shape.

Garrison:

… (T)he subprime collapse and the issues that surround it have a much broader implication in a number of different markets from the lenders’ perspective too. And there has been talk about trying to regulate more closely lending practices and create some standards, particularly for the larger financial institutions … so that they don’t make those decisions themselves. But I tend to think that Brian is right. By the time that legislation winds its way through the process, it’s likely not to be needed in quite the way it’s perhaps perceived as being needed right now. So who knows what kind of backlash and other unanticipated problems could arise out of that.

… From my perspective, I think the market is going to deal with this problem. It’s not going to be pleasant, of course, because we are so far down this road there really is no way of stopping it. I’ve heard some statistics … that a large number of these subprime loans are having as high as 60 percent default rates right now. If you look at the amount of dollars that are at issue with any of these subprime portfolios, it’s just a staggering amount of money that was lost by these lending institutions. I think it’s important to keep in mind that this problem touches a whole bunch of constituents.

… You have developers and builders that have gotten caught up in the rampant speculation that came with the easy availability of credit in the soaring real estate market. We also have the trading markets themselves because a lot of commercial properties are in real estate investment trusts, which have been securitized and are being traded right now. But a lot of the subprime portfolios have been securitized and they are being traded. We have mutual funds and other retirement vehicles, as well as the broader securities markets, that are feeling a real significant effect from this.

Walker:

In the framing of the issue, it’s very important that we don’t just focus on subprime and how we define subprime. It’s not just the subprime that created this. There is also the secondary market. … Coming from Tucson, there is a big financial institution that is in Chapter 11 bankruptcy right now. It’s clear it didn’t have subprime paper, but it did have Alt A paper and A paper …

Spector:

It might be helpful for us to define or at least characterize what we mean when we say subprime loans. … I think it’s intended to refer to higher-risk residential loans. And particularly those that are characterized by higher loan-value ratios or higher interest rates or both; some of which come with adjustable rates.

… Going back to what Dan said, what we have here is we ran into a period where getting credit was much too easy to obtain and I think it was because mortgage lenders wanted to get into this boom. Everybody saw real estate values going up, a lot of people wanted to speculate in residential real estate and other kinds of real estate and so lenders asked, “How can we offer these very attractive packages that minimize the amount of scratch somebody actually has to put into real estate investment?”

… And they came up with all kinds of different variations. Some of which may not have been well disclosed to the borrowers. And that’s where you get into the point about the lending practices and were they appropriate…

But I think, prospectively, market forces are going to be at work and credit is going to tighten, just like it did the last time we were in this boom-bust scenario … I think part of the problem that Congress is currently dealing with is what do we do with the folks that are caught up in these. But what I’m seeing is a lot of folks that are affected by these subprime mortgages are folks that were doing this as investment properties.

… When you look at this, the reason for this is if you have a subprime loan that has a very high loan-to-value ratio, it doesn’t take a very deep drop in the real estate market for that property to go underwater, for the loan to exceed the value of the property. At which point, they don’t have a great incentive to want to try to keep that property. So, that’s obviously one of the big reasons for the high rate of default on these types of loans.

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