16 April 2009
Mayer Brown, a leading global law firm, announced today that its equity partners have ratified the nomination of Herbert W. (Bert) Krueger as Chairman. He will succeed James D. Holzhauer, who announced his resignation in March, on June 1, 2009. The partnership also approved a new governance structure for the firm and the nominations of 11 additional partners to key leadership roles in the new structure.
Under the new governance structure, two groups will replace the current 16-member Policy & Planning (P&P) Committee: a Management Committee consisting of six members plus the chairman and a Partnership Board with 12 members plus the chairman.
“The changes approved today by the partnership mark a watershed for Mayer Brown,” Mr. Holzhauer said. “The Management Committee, which will have most of the authority now vested in P&P, will be the small, nimble group needed to respond quickly and decisively to changing market conditions and capitalize more fully on the inherent strengths of our global platform. The Partnership Board will ensure that the broader voice of the partnership is heard on key decisions including partner compensation and the selection of individuals for leadership roles. Together, they will provide a more effective and efficient approach to managing the firm.”
Mr. Krueger, 60, has spent virtually his entire career at Mayer Brown after joining the firm in 1975. Since 1989 he has served on the Policy & Planning Committee, the firm’s governing body, and currently chairs the Finance Committee. He is a nationally recognized advisor in ERISA fiduciary matters and executive compensation and also represents private equity fund sponsors and investors.
“Bert brings to his new role outstanding credentials as both a lawyer and leader of the firm,” Mr. Holzhauer said. “He consistently ranks among the top attorneys in the nation in his practice area, and his 20 years of service on P&P will assure strong, effective leadership through the transition to the new governance structure and a new generation of firm leaders.”
Mr. Krueger noted that the leadership transition has already begun, as six of the 11 partners chosen thus far to serve with him on the Management Committee and Partnership Board were not members of P&P. “They will bring fresh perspectives and new ideas to their leadership roles, which will complement the experience and insight of their colleagues who served on P&P. I look forward to working alongside them and the members yet to be chosen to determine how best to confront the challenges of today and capitalize on the opportunities of tomorrow.”
“I am grateful for the support of my partners and excited and energized by the opportunity they have given me,” he added. “Mayer Brown is a firm with a rich heritage of excellence and achievement, and I have no doubt that our best days are yet to come.”
Members of the Management Committee, in addition to Mr. Krueger, are:
- C. Cabell Chinnis, Jr., a partner in the Tax Controversy practice and Partner-In-Charge of the firm’s Palo Alto office;
- Sean Connolly, a partner in the Insurance & Reinsurance Industry Group and Senior Partner of the London Office;
- Paul A. Jorissen, a New York-based Firm Practice Leader of the Finance practice;
- Jean-Philippe Lambert, a partner in the International practice and Partner-in-Charge of the Paris office;
- Elaine Y.M. Lo, a Hong Kong-based partner in the Corporate & Securities practice and Chairman of the Asia Board; and
- Paul W. Theiss, a Chicago-based Firm Practice Leader of the Corporate & Securities practice.
Joining Mr. Krueger on the Partnership Board are:
- Jeremy Clay, a partner in the Real Estate practice in London;
- Carol A. Hitselberger, a partner in the Finance practice in Charlotte;
- Michele L. Odorizzi, a partner in the Litigation practice in Chicago;
- Jörg Wulfken, a partner in the Finance practice and Partner-in-Charge of the Frankfurt office.
The governance structure also makes provision for the Management Committee to appoint a managing partner. The Committee members have announced their intention to appoint Kenneth S. Geller to that role. Mr. Geller has served as Vice Chairman of the firm since June 2007 and is a partner in its Supreme Court & Appellate practice in Washington, D.C. As Managing Partner, he will serve on both the Management Committee and the Partnership Board.
Seven additional members of the Partnership Board will be elected in early May.
Herbert W. (Bert) Krueger is based in Chicago and concentrates his practice on private equity funds, ERISA fiduciary matters and executive compensation. He has served on Mayer Brown’s management committee since 1989. Bert represents fund sponsors and institutional investors with respect to private equity funds, with a particular focus on real estate private equity. He has represented many of the largest real estate investment managers of domestic and global funds as well as large ERISA and governmental pension plans regarding investments in such funds. He also counsels on a broad range of employment matters. Bert received his law degree from the University of Chicago Law School and began his career as an instructor of law at the University of Miami School of Law. He joined Mayer Brown in 1975. Click here for full profile.
C. Cabell Chinnis is Partner-in-Charge of the Palo Alto office. He is a member of the firm’s Tax Controversy practice. He specializes in problem-solving and resolution during the administrative phase of federal and California tax disputes. Cabell also handles tax-related alternate dispute resolution and has worked with tax authorities to resolve unusual situations for taxpayers. His substantive focus includes transfer pricing disputes, “business purpose” questions and tax treaties. Cabell began his career by serving as a judicial clerk at the US Supreme Court for The Honorable Lewis F. Powell, Jr. He joined Mayer Brown in 1994. Cabell received his law degree from Yale Law School. Click here for full profile.
Sean Connolly is the senior partner in Mayer Brown’s London office. He advises clients on insurance and reinsurance matters, particularly those involving professional indemnity, financial institutions, product liability and insurance market disputes. His clients include major domestic and overseas insurance and reinsurance companies, Lloyd’s syndicates and their representatives, insurance brokers and other intermediaries and he acts on both contentious and non-contentious matters as well as the full range of alternative dispute resolution techniques. Sean joined Rowe & Maw in 1987. He received his Bachelor of Laws degree from the University of London, Queen Mary College. Click here for full profile.
Paul A. Jorissen is co-head of the firm’s Finance practice and is based in New York. He concentrates on representing investment and commercial banks, issuers and borrowers in structuring and negotiating securitization, covered bond and other financing arrangements in the United States and cross-border transactions, including transactions backed by residential and commercial mortgage loans, home equity loans, franchise loans, equipment loans and leases, auto loans and trade receivables. He also works with credit default and other derivatives as well as unusual asset types including defaulted and reperforming loans, servicing rights and servicing advances. He joined Mayer Brown in 1993. Paul received his law degree from Loyola University. Click here for full profile.
Jean-Philippe Lambert is the Partner-in-Charge of Mayer Brown’s Paris office. He has extensive experience in real estate and leveraged finance. His practice includes advising commercial and investment banks on the purchase and disposal of large hotel and office portfolios and leveraged and management buy-outs. Jean-Philippe regularly advises investment funds and arrangers in relation to the financing of large domestic and cross border leveraged acquisitions. He joined Mayer Brown in 2001 when his firm, Lambert & Lee, merged with Mayer Brown. He is fluent in English as well as his native French. Jean-Philippe received his postgraduate law degree from University of Paris V. Click here for full profile.
Elaine Lo is the elected Senior Partner of JSM, in charge of all its offices in Asia, and Chairman of the Asia Board. She specializes in foreign direct investment into China, cross-border mergers and acquisitions, structuring joint ventures, technology transfers and corporate restructuring. She is involved in many industry sectors in China, including energy, water, utilities, telecommunications, banking, insurance, wholesaling, retailing, advertising, logistics, and distribution. She has extensive experience in acting for government authorities, project sponsors, lenders and equity participants in project finance deals. Elaine was Chairman of JSM when it combined with Mayer Brown in 2008. She received her law degree from University College, London. She is admitted in Hong Kong, England, Singapore and Australia and is a China Appointed Attesting Officer of the Ministry of Justice in China. Click here for full profile.
Paul Theiss is a Firm Practice Leader for Mayer Brown’s global Corporate & Securities practice and is based in Chicago. He counsels buyers, sellers and financial intermediaries in all types of public and private mergers and acquisitions in the US and worldwide, represents issuers and underwriters in a wide range of capital markets transactions and also handles general corporate matters. Paul has deep understanding and experience with a variety of industries including telecommunications, consumer products, metals recycling, packaging, gaming and hotels and lodging. Paul joined Mayer Brown in 1985. He received his law degree from the University of Chicago Law School. Click here for full profile.
Jeremy Clay is Executive Partner in London and a member of the firm’s Asia Board. He currently heads the firm’s European Real Estate Group and is one of the joint leaders of the Global Real Estate Group. He has focused principally on structured real estate transactions including joint ventures, acting for corporate clients on major real estate transactions and cross-border real estate deals. Clients include investment, pension and private equity funds as well as banks, real estate companies and other corporations. Jeremy joined Rowe & Maw in 1983 and became head of that firm’s real estate practice in 1988. He received his law degree from Oxford University. Click here for full profile.
Carol Hitselberger is the Office Practice Leader in Charlotte for the Finance practice. Her experience encompasses securitization and other structured financial products, including structuring domestic and cross-border commercial paper-funded securitization vehicles and securitizing trade receivables, credit card receivables, aircraft, leases, franchise portfolios, government contracts, trademark licenses, and various other financial assets. She has experience with synthetic leases and synthetic securitizations. Her work also includes representation of program sponsors. Carol joined Mayer Brown in 1989. She received her law degree from the University of Pennsylvania Law School. Click here for full profile.
Michele Odorizzi is based in Chicago and focuses her practice on both appellate litigation and brief-writing at the trial court level. She was for many years one of the administrators of the firm’s Supreme Court & Appellate Practice Group, and also was a member of the firm’s Litigation Administration Committee. Her areas of focus include securities and shareholder derivative litigation, accountants’ liability, class actions and constitutional litigation. Michele initially joined Mayer Brown in 1977. She then clerked for Justice John Paul Stevens, US Supreme Court, before returning to Mayer Brown in 1980. She received her law degree from the University of Chicago Law School. Click here for full profile.
Jörg Wulfken is the German Managing Partner. He is a transactional attorney whose practice focuses on matters of banking and finance, securitization and capital markets. Jörg joined Mayer Brown in 2002. He received his doctorate in law from the University of Constance. Click here for full profile.