White-collar crime has a strong historical link with the state of Illinois. Edwin Sutherland, who earned his doctorate and worked as a research professor at the University of Chicago, coined the term; and from its roots in criminology, whitecollar criminal defence has become a thriving legal practice area. The Federal Bureau of Investigation has noted that with significant growth in the securities and commodities markets comes a marked rise in intentional corporate fraud and misconduct. In an appearance before the Senate Judiciary Committee in June 2006 an official from the Department of Justice’s criminal division confirmed that despite statistical drops in the level of business crime prosecutions, white-collar crime remains a priority for the Department of Justice and owing to the numerous high-profile cases of recent years, the market for legal advice in this area shows no signs of slowing down. It is therefore a dynamic area in which to work in Illinois.
Our research has uncovered a wealth of competition expertise within Illinois – 26 individuals from 14 firms.
From its inception a little over 40 years ago, the private funds industry has proved to be dynamic, characterised by rapid evolution and increasing sophistication. Convergent investment products are being developed to maximise profitability and offset risk in even the toughest economic climates.
Even in times of relative economic prosperity, companies will often need to call upon the expertise of their outside counsel in restructuring matters, and in some cases in bankruptcy proceedings. The following pages point out 19 outstanding lawyers, all leaders in their particular field, whether they are representing creditors, debtors or other related parties.
Illinois is home to a significant pool of regional and local banking institutions, supplying the city’s mid-sized and large law firms with the full range of regional and international transactions. In 2004, JPMorgan Chase acquired Bank One, the largest financial institution headquartered in Chicago and the sixth largest in the US, leading to fears that the newly formed mega-bank would relocate to New York, creating a vacuum in the local market for investment and small business lending. Yet Bank One Chase remained faithful to its Chicago roots, to some extent allaying concerns about overconsolidation in the industry.
Over the years, the insurance industry has played a significant role in shaping Chicago’s physical and economic landscape.
Although Chicago cannot rival New York as the United States’ M&A capital, it is still the scene of a large volume of transactional activity. In addition, the vigorous private equity market means several experts that represent private equity groups in transactional matters force their way into this chapter.
Illinois has been experiencing significant growth in employment over the last year according to the Bureau of Labour Statistics and the Illinois Department of Employment Security. In April 2006, Illinois led the nation in monthly growth, creating 23,100 new jobs, the first time that Illinois has taken this title since January 1995.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.