Sanja UdovicicClient service and innovative deal making are what drive Sanja Udovicic, a partner in global law firm Shearman & Sterling’s project finance group in London. “My proudest professional achievements derive from successfully accomplishing my clients’ objectives and delivering their goals,” she says, particularly when working on what she describes as “complicated and interesting deals that haven’t been done before in frontier jurisdictions.”

Her recent and ongoing work, for example, includes advising multilateral lending institutions and commercial banks on the financing of an upstream gas project in Uzbekistan, counseling the government of Croatia on their tendering of a concession for the operation of the Croatian toll road network and advising lenders on a power project in Indonesia which won a number of awards for its innovative financing structure.

Read more

 

Donna Parisi“People sometimes ask me, ‘If you could do it all over again, given your practice focus in the financial services area, would you be a banker as opposed to a lawyer?’ I would be a lawyer. This is a particularly exciting time to be a lawyer, with all the regulatory changes, and my clients rely on me to provide counsel and advice,” said Donna M. Parisi, Partner and Head of the Asset Management Group at global law firm Shearman & Sterling LLP.

Parisi’s practice deals globally with derivatives, structured products, securitization, capital markets and commodities, as well as regulatory, risk management, and compliance counseling. It is an area of great interest, and her advice is in high demand.

She explained, “My clients need help navigating complex regulations– especially in light of Dodd-Frank. We’re in a period of great change. There’s a lot happening out there.”

Read more

Anna ChungTo Anna Chung, landing your “dream job” is not a question of whether you are female or male but rather of how good you are. As a Singapore-based senior lawyer at global law firm Shearman & Sterling, Chung has demonstrated the ability to shine on client work throughout Asia and, increasingly, around the world.

A project finance lawyer, Chung’s practice focuses on power, LNG, oil and gas, and petrochemicals projects. She began her career at a leading Australian firm but left after a few years for Shearman & Sterling.

“To be honest, my career was not particularly planned out, but I’ve been fortunate in having opportunities come my way,” she explains. “I knew I wanted life experiences in cities beyond the city where I grew up, and with Shearman & Sterling, I’ve been able to work in our London and Shanghai offices and am currently working out of our Singapore office.”

While she works on projects throughout Asia, Chung says it has been particularly meaningful to be one of the firm’s leading lawyers serving clients in Korea. She has been doing joint pitches, coordinating marketing trips to Seoul and preparing business plans as the firm expands its client base in Korea.

“It’s meaningful for me as Korea is where I am originally from,” Chung explains. “Our global project finance practice is quite an integrated one, and from fairly early on in my career, I’ve worked with senior partners from different offices on projects involving Korean financial institutions or corporates.”

She adds, “Korea is increasingly an important market for us with Korean financial institutions and corporates so active in the international project finance scene. We have been investing in our Korean relationships for some time now and it’s rewarding that as a firm and individually, we are getting significant market recognition.”

Loving Your Job

Chung has had two professional role models during her career to date – partners Bill McCormack at Shearman & Sterling and Michael Harrison at Minter Ellison. According to Chung, they are recognised experts in their fields but the real reason is that despite “the pressures and demands that come with such busy practices and management roles,” they manage to have a great sense of humor, treat every person with respect and be dedicated to their family.

Just like her role models, Chung finds humor in difficult situations. Throughout her career as a lawyer she has learned that little details, such as the correct date of an overseas pitch, do matter.

“Sometimes errors can work in your favor,” she explains. “One of my partners at Shearman & Sterling still teases me for getting the date wrong for an overseas pitch for a $1.2bn project. We arrived at the client’s offices a week early but still managed to win the pitch.”

Read more

Eliza SwannEliza Swann, a partner at Shearman & Sterling, says that her interest in law and her interest in M&A developed in two wildly different ways: the first was a matter of design and the second was a matter of happenstance.

“I wanted to go to law school for as long as I can remember, but ending up on the M&A team at Shearman & Sterling was a bit of an accident. I had never considered a business transactional type of career,” Swann said.

It’s funny how things turn out. Swann, who became a partner at Shearman & Sterling in 2007 after eight years with the firm, works on domestic and cross-border deals. In recent years, she has worked on several of the highest-profile M&A transactions in the world, including last year’s acquisition by Liberty Global of Virgin Media in a $23.3 billion transaction.

As an associate just out of law school, Swann found herself on Shearman & Sterling’s M&A team, in large part because she had clerked for the Delaware Supreme Court. Because so many companies incorporate in Delaware (more than 60 percent of Fortune 500 companies are Delaware companies), it is a major venue for business law litigation, with a judiciary that is extremely sophisticated in reviewing corporate law issues. Swann’s clerkship gave her valuable insight into issues fundamental to a transactional practice.

“I was so lucky to have been offered the clerkship and accepted the position without realizing how truly interesting the work would be,” Swann said. “About halfway in, I decided that I wanted to work in a New York firm with a strong M&A practice. I got the job at Shearman & Sterling and have been interested every day since.”

Read more

Sarita Mohapatra“Even though I was committed to continuing my career after my maternity leave, the first few months were still challenging. So now I proactively connect with other returning women to provide support and encourage retention because I know women can successfully juggle work and a family.”

Sarita Mohapatra, a tax principal with PwC, talks often about how to balance family life and her busy client schedule.

She’s been with PwC since 2001, becoming a partner in 2010. She initially studied economics in India and after earning her MBA came to the United States. A PhD in Economics followed, and she realized she had a love for teaching and spent four years as a faculty member at Utah State University. She decided she wanted to get back to the corporate world and subsequently moved to the San Francisco Bay Area, seeking a position in professional services that incorporated her background in applied economics. After briefly working at another firm, she joined PwC.

Her work remains constantly fascinating to her, particularly the technological advancements that seem to occur on a daily basis. With changes occurring globally related to transfer pricing and the intersection of economics and tax, she finds herself delving into new areas to identify solutions for her clients who are under lots of pressure to deal with regulatory compliance issues.

Don’t Make a Decision for Your Whole Life Based on Today

She worries that young women walk away from opportunities because they sometimes anticipate difficult situations than may never happen. She says that when she started, there weren’t many structured programs to help working moms. Even though she had no idea how to make it work, she knew she wanted to. She saw her male colleagues who have kids and still work, and she figured there was no reason why she couldn’t do the same.

“I learned that you can’t make a life decision based on the one problem ahead of you that day,” she says, citing child care coverage as an example of an issue that is transient in the big picture of your whole career.

“It’s a blip in your career. In a span of 35 years, it’s not much, but too many women think ‘I can’t be here tomorrow,’ so they walk away from everything today.”

Mohapatra says she took her clients into confidence early on, and set boundaries — for example, that two days of the week she had pick-up duties.

“I was fortunate that I had a lot of support and my colleagues and clients, both male and female, always supported me. Women wonder if it’s possible to have it all, so I try to talk to as many as I can to say, yes, it is possible. Even though everyone’s story will be different, this is how I did it. I really try to be a good role model for working moms because even though I had great support from my mentors, I wish I had more working moms as my role models when I was making those decisions.”

Speak Up To Get the Opportunities You Need

Mohapatra advises women to be outspoken and open about their aspirations. She says that while male candidates will routinely ask how long until they make partner, she’s found very few women will start a discussion to find out their prospects for career advancement potential.

“It’s not that they’re not ambitious — I see that drive and hunger — but they hold back,” she says. “I think they are concerned that I might think they are getting ahead of themselves. I coach my managers and staff constantly that if they want to advance, then they need to tell someone, because speaking up allows managers to give interested people the opportunity to acquire the skills and expertise they need.”

She says she focuses on this through her own experience – she had assumed everyone knew she wanted to make partner, so was surprised when she found out they didn’t. Someone asked if others knew, and she said “I think so! This is why I’m working this hard.” But she found out you can’t assume and went back to amend her career plan with long-term and short-term goals.

And the advice can translate for women she would consider her peers. She says that sometimes even at the higher levels, she still sees women will hold back in meetings and discussions.

She credits her viewpoints with her upbringing in India, when her parents would tell her that to succeed in the corporate sector in India without losing her identity she needed to be proud of who she is and what she brought to the table. “They would say, ‘We don’t want you to emulate men to be successful! Be yourself.’” Those words stick with her as she maintains her authenticity in her career.

Networking for Success

Mohapatra says that when she began in public accounting, there weren’t too many learning and development programs so she tried to build up her network naturally by participating in firm-sponsored events or organizing informal lunches or drinks.

“If I could, I would go back and cast my net a lot wider,” she says. “I tell my team to step outside their comfort zone from immediate coworkers and be more strategic about networking beyond those you meet organically.”
Mohapatra is very engaged in PwC’s Office of Diversity initiatives and recently gave the keynote address on the power of networking at the national convention of Ascend, a Pan-Asian organization with which she is involved locally and nationally.

“I tell my team to step outside their comfort zone from immediate coworkers and be more strategic about networking beyond those you meet organically.”

Family Focus

Mohapatra remembers that one of her partners had suggested she network more outside of business hours, which seemed challenging in light of the many long hours she already put in. But she realized that many of her clients also had kids around the same age so she started planning events that included families. “I realized I had to incorporate both my life and work to make better use of the time I had.”

She carries that double-duty ethos into her community service outreach as well, helping in her son’s school and working with Habitat for Humanity, which she combines into a team-building activity with her staff.

When she’s not working, she enjoys gardening, a hobby that she and her family can do together.

Her family loves to travel, looking for areas off the beaten path to get a true flavor of the culture. Her son, who is 12, has already been to 13 countries. “When people ask him to tell a fun fact about himself he loves to say that he’s been to more countries than he is years old.”

By Cathie Ericson

women in technologyEvolving digital technology demands more communication and accessibility from all employees, which leads to a culture of multi-tasking. But as leaders face increased communication demands, it’s important that they retain the value of listening.

Listening is Getting More Difficult

Active listening has been identified as one of the ten attributes of embodied leadership. Effective listening by leaders has been noted as the first step in creating trust within organizations. Also research shows that supervisor listening contributes to employee job satisfaction, satisfaction with the supervisor, and fosters a strong and beneficial exchange between leaders and team members.

Yet according to Accenture’s #ListenLearnLead study of 3,600 business professionals across 30 countries, the vast majority of professionals (64%) feel that listening has become more difficult in today’s workplace.

While nearly all (96%) of global professionals judged themselves to be “good listeners”, nearly all (98%) also report multi-tasking at least part of the day.

The study found that eight in ten respondents said they multi-task on conference calls with work emails (66%), instant messaging (35%), personal emails (34%), social media (22%) and reading news and entertainment (21%). In fact, professionals report distracted listening and divided attention unless they are held directly and visibly responsible within the context of the meeting.

“Digital is changing everything, including the ways in which we communicate. In turn, the way we communicate is changing how we listen, learn and lead in the workplace,” says Nellie Berroro, Managing Director, Global Inclusion & Diversity at Accenture. “Today, truly listening means not just watching our nonverbal cues in face-to-face meetings, but also maintaining our focus on conference calls, staying present, and resisting the urge to multi-task with instant messages and texts.”

Multi-Tasking Means More Quantity, But Less Quality

The attraction to multi-tasking seems to be a double-edged sword in the workplace that pins quantity against quality.

In Accenture’s study, 64% of Millennials, 54% of Gen Xers, and 49% of Baby Boomers reported multi-tasking during at least half of their work day. While 66% of professionals agreed multi-tasking enables them to get more done at work, 36% report that distractions prevent them from doing their best work. Millennials were at the extreme on each – feeling multi-tasking meant getting more done (73%) and yet distractions prevented them from doing their best work (41%).

However it’s traditional interruptions imposed by others (telephone calls & unscheduled meetings & visitors) rather than technology that were reported as most disruptive, perhaps due to the lack of control over these distractions.

What suffers? The trade-offs reported include decreased focus, lower-quality work, and diminished team relationships. But can leaders afford these trade-offs, too?

Despite the Benefits, Are Leaders Too Accessible?

“Our survey found technology both helps and hinders effective leadership,” says Borrero. On the positive side, 58% of survey respondents saw technology as a benefit for leaders enabling them to communicate quickly with their teams, allowing both time and geographic flexibility (47%) as well as accessibility (46%).

However, 62% of women and 54% of men felt technology made leaders over-stretched by being too accessible. 50% of respondents felt it forced multi-tasking and 40% felt it distracted from culture and relationship building. 55% felt a top challenge for leaders is information overload.

Borrero recommends practicing discipline when needed in disengaging from other technologies to give full focus to the material in front of you, such as putting your mobile device on silent during phone conferences and actively noting key points. “When you face information overload,” she says, “become comfortable with turning off technology. For example, you might disconnect at night, so you can recharge, and decide not to look at your phone until the morning.”

Importantly, when it comes to effective leadership and overcoming barriers to it, focusing on quality of communication and connection matters most – and that may very well start with listening.

The most important leadership attributes identified by the study were the “soft skills” of effective communication (55%), ability to manage change (47%), and ability to inspire others and ideas (45%), closely followed by understanding team members.

Yet this is also where skills suffer: the two most commonly perceived obstacles to effective team leadership were a lack of interpersonal skills (50%) and a lack of communication skills (44%).

Getting Better At Listening

While digital technology brings many advantages, leaders who compromise at listening may compromise their ability to lead effectively.

A Westminster Business School report highlights, “Listening is an essential skill in all situations and it is particularly important for leaders and managers to actually hear what others say, not simply what we think we hear them say…All great leadership starts with listening. That means listening with an open mind, heart and will. It means listening to what is being said as well as what isn’t being said.”

Despite its importance to leadership, leaders are too often ineffective at truly listening according to an HBR article by Christine M. Riordan. She notes, “The ability and willingness to listen with empathy is often what sets a leader apart.”

Riordan outlines three key behaviors leaders can practice that are linked with empathetic listening:

1) Hearing with all of your senses and acknowledging what you’ve heard.

This means “recognizing all verbal and nonverbal cues, including tone, facial expressions, and other body language.” It’s as much about listening to what is not said as what is said, and probing a bit deeper, as well as acknowledging others feelings or viewpoints and the act of sharing them.

2) Processing what is being shared and heard.

This means “understanding the meaning of the messages and keeping track of the (key) points of the conversation.” Effective leaders are able to capture and remember global themes, key messages, and points of agreement and disagreement.

3) Responding to and encouraging communication.

This means “assuring others that listening has occurred and encouraging communication to continue.” Acknowledging others verbally or non-verbally, asking clarifying questions, or paraphrasing reflects consideration of their input. This can also mean following-up to ensure others know listening has occurred.

According to Accenture’s Borrero, “Leaders are role models employees emulate, so it’s important for them to set a good example. In our increasingly hyper-connected digital workplace, we all need to practice ‘active listening,’ including paraphrasing, taking notes and asking questions. At Accenture, we offer a number of courses in effective listening, which is critical to our company as we focus on serving clients.”

In today’s leadership context, where effective leadership means showing social awareness not just self-awareness, leaders may employ technology to help them do it, but one way or another, it’s important they find a way to truly listen.

By Aimee Hansen