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.
The lawyers featured in this chapter are, according to our research, the most respected in the state for work relating to the aviation industry. Their practices differ considerably from firm to firm. For example, one might focus on the commercial side, offering advice on areas such as aircraft purchase, sale, leasing and financing, alliances and joint ventures, and airline start-ups. Another may, however, specialise in contentious liability matters such as those arising from major accidents.
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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.