Tag Archive for: Katten

Louise Carroll: Partner, Real Estate, Katten

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Louise Carroll“People need to feel you’re hearing them and you’re answering truthfully on what you can deliver,” says Louise Carroll, who recently joined Katten as a partner in the Real Estate practice. “That skillset has served me in every situation — whether negotiating a deal, talking to politicians at the federal, state, and city level or calming passionate constituents.”

Carroll talks about her experience as former New York City Housing Preservation and Development (HPD) Commissioner, leveraging her differences, using her voice, and navigating the complexities of the law to find innovative win-win solutions that have helped deliver nearly a quarter-million affordable housing units in the city’s 59 community districts — one of the most expansive affordable housing plans in U.S. history.

Hands-On Career in Creating Affordable Housing

Born in the U.S. Virgin Islands and raised in Saint Lucia, Carroll attained her undergraduate degree in Wales, acquired her MBA in England and worked as a senior executive for a German ship-owning and brokerage company in Cyprus before entering Tulane University Law School. She began her legal career serving as a transactions attorney for the business law division of the New York City Administration for Children’s Services, followed by prosecuting public officials who violated New York City ethics laws, and advising on real estate projects and housing programs and policies, as well as drafting zoning and tax statutes. Over a 20-year public service career, she worked her way up to the General Counsel role and then became Commissioner of the largest municipal housing agency in the country.

At the time, Carroll had no idea how gratifying working with the affordable housing industry would be. She recalled the first time she went to speak to tenants in a supported housing residence in Times Square, in which HPD was a government partner on the building renovation. She saw how much the project affected and changed how the tenants felt more positively about their current life situation, and gave them not only a safe and affordable place to live, but also inspiration and hope at the potential of what might lie ahead in their lives.

“When I look at all those massive buildings on Riverside Drive, or Hudson Yards, all along the Greenpoint waterfront, I can say, ‘This is my building, this is my building, this is my building,’” says Carroll. “I have managed to put low-income tenants and families in some amazing buildings throughout the city, next to good schools and great access to transit. It took a great deal of work —drafting and revising legislation — to make these projects happen. This industry can be so complex, because there are so many different players and different laws, that just finding a way to do it over and over was both amazing and fun.”

Navigating Complex Win-Win Solutions

Carroll prides herself on her ability to listen to many sides, navigate diverse interests and find the best compromise or solution. “In good negotiating, you have to understand the viewpoint of the person across from you — what it is they’re trying to achieve. You have to listen and have empathy, and make sure people understand the parameters of where you can and can’t meet them and why,” she says.

Carroll met Katten partners Ken Lore and Martin Siroka when they were working together on many mixed-income housing developments. “I knew they were clever lawyers who were able to problem solve on really difficult issues, so I’ve respected them greatly over the years,” says Carroll, who herself joined Katten in March.

As Commissioner of the NYC HPD department, Carroll worked directly with Katten on real estate deals that had a combination of low-income housing tax credits, tax-exempt bonds, and other innovative financing structures, each with complex requirements and regulations. “What I loved was that every time I did a deal with Katten, we improved the status quo by making new changes that accommodated the private lenders in a better way. There are often cookie cutter deals in city government, but that was not the work we were doing together,” she says. “Instead, we tackled the intricacies of laws to figure out how to make them work best for every stakeholder involved in the project. Finding solutions to those incredibly complex problems was personally gratifying and provided housing to so many communities.”

When her public service career was winding down, she considered whether to work for a not-for-profit organization or take a post at a law school, but realized she wanted to continue working on impactful deals. “Some people could do the HPD commissioner role as a figurehead job, but that’s not how I did it. I read every piece of legislation. I was there for every policy draft and every brainstorm. I formed the working groups,” Carroll says. “I knew that finding a job that could compare was not going to be easy, but this role with Katten offered me the opportunity to work on affordable housing projects in the way that I love, and to contribute to the firm’s widely renowned practice.”

At Katten, Carroll’s practice focuses on affordable housing and community development, mixed-income housing, public finance and government relations. She is highly regarded at the firm for her experience and capabilities to guide clients through the financial and legal complexities of housing projects.

Leveraging Her Difference

“I went to an all-girls Catholic school, where the nuns told us we were as good as anybody. That’s, in part, why I’ve always spoken up,” says Carroll. “I understand the stereotypes or expectations when a woman is in the room — how we’re expected to speak, defend our work, or refrain from speaking in an authoritative way — and I’ve told myself, ‘None of that applies to you, because you weren’t born and raised in this culture, so you’re going to embrace the otherness.’ So, I speak up, respectfully and never rude, but I have to speak.”

Carroll leverages her experience and seniority to advocate for others. “When I see people not speaking up or being silenced or pushed out, I step into that space and say, no, I would like to hear what this person has to say,” she notes.

While Carroll was warned the commissioner position would be an outward-facing job, she couldn’t have prepared for just how much moment-to-moment adrenaline would be involved and how she would need to transition from a naturally shy person to an extrovert.

“As Commissioner, I was constantly on the move, interacting with many different people in sometimes challenging circumstances throughout the day. I might start the morning with a press conference, go to a 50-person meeting to solve problems around affordable housing, switch to working with my policy team on rewriting legislation, and then shift to being present for heated phone calls with city council members,” recalls Carroll. “I learned to put my game face on and step into the moment, whatever it was. Sometimes that meant winging an impromptu speech.”

No Task is Insignificant

Carroll credits her grandmother for inspiring her lawyer deal-making mentality of getting things done. Her grandmother instilled in her at a young age that no matter how big or small a task, you do it well.

“Everything you touch, you have to do the best you can — even when you’re not leading the team, and are just a part of the team,” says Carroll. “Before I became commissioner, I was the attorney that people could call at 11 p.m. and who would send the agreements back at 3 a.m. People started to talk about my work and every time I got a new challenge, even when they were difficult challenges, I would aim to make things better — and that kept me moving forward.”

A decade ago as a new mom with a rising legal career, she made it home from work for bedtime, and then started working again — knowing it was important to her advancement. “We all have adversity in some way,” says Carroll. “There are real issues, such as childcare. There are also times and places to address it, and how we handle our adversity is as important as the adversity we face.”

Married for nearly twenty years, Carroll has one 10-year-old son and enjoys watching him play travel ice hockey, a sport off her radar growing up as a Caribbean woman. Her sport of choice: tennis. She completes twice a week against tennis pros — and, sometimes, she wins.

By Aimee Hansen

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Julie Gottshall: Partner and Chair, Employment Litigation and Counseling Practice, Katten

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Julie Gottshall

When she was first starting out, Katten’s Julie Gottshall would not have predicted she would spend nearly her entire legal career working for a single large law firm. In a profession with many options, and an era that often rewards job changes, Gottshall believed she would join different employers and maybe even take some time off the career fast track. Instead, Gottshall found a position that enabled her to grow and balance, and decided to stick with it.

Sometimes, says Gottshall, the best opportunity is the one you already have.

Finding Her Niche

Gottshall’s career has been a steady climb. After graduating from George Washington University Law School, she decided that moving to Chicago would be her “great life adventure,” despite the fact that she had no obvious connection to the city. She initially eschewed the largest law firms, choosing to start her legal career at a midsize firm that she hoped would provide a more appealing lifestyle. But when she was a fourth-year associate, two partners with whom she worked closely joined Katten. She moved with them to continue her career focus on employment counseling and litigation, a practice she has solidly established and now leads.

Gottshall felt drawn to employment law for the human element of the practice, and the opportunity to keep her corporate clients out of trouble but defend them if they nonetheless found themselves facing a lawsuit. At Katten, Gottshall handles a broad spectrum of employment issues, including worker mobility (e.g., non-compete implementation and enforcement); employee separations and reductions in force; worker classification and wage/ hour compliance; handbook and policy implementation; workplace investigations; and discrimination and harassment prevention. She has litigated in numerous state and federal courts at both the trial and appellate level, and before all manner of government agencies. She also acts as an impartial third-party arbitrator on the Employment Panel of the American Arbitration Association, where she has decided cases involving breach of contract; discrimination, retaliation and harassment issues; and other workplace matters.

Gottshall likes to quip that one of her most impressive professional achievements is to fly deftly under the radar, since she works hard to keep her clients on track and out of the spotlight.  Always one to look for practical solutions, she describes herself as a counselor first, an attorney second, and a litigator last. Still, she knows her way around a courtroom. She is particularly proud of a whistleblower case she argued and won before the Illinois Supreme Court – a victory that was the culmination of 11 years of work. After she prevailed in the lower court only to see the decision overturned on appeal, she sought certiorari, becoming one of seven out of 237 petitions the Illinois Supreme Court agreed to hear that session. The high court ruled unanimously in her client’s favor, marking a noteworthy victory for her client and a favorable precedent for other employers.

Gottshall finds employment law is a particularly exciting space right now, given the current remote work environment during the pandemic that has prompted employers to reimagine the workplace and what it will look like in both the near and distant future, as well as presented challenges regarding workplace safety, sick leave and furloughs and layoffs.

Mastering the Balancing Act

While the legal field continues to evolve in its support for personal life choices, Gottshall finds that women still face a constant challenge in finding the right balance. “We are called upon to take on so many roles— some that we need to do and some that we want to do,” says Gottshall. “It’s up to each person to decide how to allocate her time and navigate how much is spent on family and other pursuits, versus how much is poured into a career.”

Still, Gottshall has found Katten conducive to personal as well as professional growth. As she notes, a long tenure at a single firm allows you to build credibility and good will. Your colleagues know your work ethic and contributions, which better positions you to set boundaries and request flexibility. She encourages the use of maternity and paternity leave and other options such as Katten’s sabbatical program, designed to help promote work-life balance. “I applaud women who lean in, but also take advantage of the programs offered, especially today as companies realize they have to adapt to keep their top performers,” Gottshall said. Like most women, Gottshall tries to multi-task when she can. In fact, she once leveraged her maternity leave to take a mediation course to further her career. “Women should determine the best course for them, their families and careers.”

Gottshall appreciates opportunities like the Katten Women’s Leadership Forum that can support women attorneys’ desire to create bonds with other women and fulfill the responsibility to be a mentor.

Part of her balance also comes from using her skills in her community. For example, she has been a school board member for eight years, which she sees as an important commitment. “It’s a gratifying way to leverage my professional knowledge while giving back,” she says.

With one daughter in college and another in her senior year of high school, Gottshall and her husband are looking forward to determining what it means to be “empty nesters.” For now, they enjoy paddle sports and indulge in their passion for travel, especially visiting national parks.

“You have to be mindful of your priorities,” she said, “and look for the joy in everyday pursuits so you don’t lose sight of perspective in all the things life offers you.”

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Happy Martin Luther King Jr Day 2021: Celebrating Black Women at Work!

Women at WorkMartin Luther King Jr. has been recognized as an “icon for democracy,” and today is a time for people from every race, ethnicity, and culture to celebrate. As we look back on the past year, we hope that you find inspiration from the incredible black and African American women we have profiled and want to share with you again today. Together, we can create a stronger foundation for a better workplace in the future.

If you or someone you know should be nominated to tell their career story on TheGlassHammer around our digital campfire in 2021 to inspire others, we would love to hear from you.

Please enjoy these articles in which each amazing professional gets to tell their story and how each individual has had to navigate the journey as women of color. There are themes like the  importance of self-advocacy, sponsorship and organizational commitment to reducing barriers and systemic issues. In particular, Black women already face more barriers to advancement than most other employees, and now, they are shouldering much heavier burdens. Black women are more than twice as likely to say that the death of a loved one and incidents of racial violence across the U.S. have been overwhelming challenges during the pandemic. According to the Women in the Workplace study, now Black women say they cannot bring their whole selves to work and are more than 1.5 times as likely to say they do not feel like they have strong allies at work.

LeanIn and other sources suggest that to better support Black women, companies need to take action by addressing these distinct challenges head-on and fostering a culture that values Black professionals in the workplace. Companies need to emphasize that discriminatory behaviors and microaggressions against Black women will not be tolerated. Also, giving Black women a voice in shaping new company norms, can provide unique perspectives and experiences when creating a more inclusive workplace culture.

      1. Veronica Willis, Investment Strategy Analyst at Wells Fargo Investment Institute

Willis discusses a career shift into investment strategy, finding her own stride as a leader, and what the remote working environment has taught her so far.

“I’ve learned a lot of strategies about productivity during this working-from-home time due to COVID-19. I’ve also learned a lot about what really is high and low priority, so now I know what to focus on and I will take this back to the office with me.”

      2. Melanie Priddy, the Chief Talent Officer at Katten

Priddy speaks about the value of connections, the need to merge professional development with diversity, and the importance of self-advocacy.

“At the end of day, relationships are the key to everything, regardless of what industry you’re in, or what your profession is.”

      3. Beverly Robinson, Client Service Consultant at Abbot Downing

Robinson discusses how she is a woman both of influence and advocacy.

“As an African American woman in Corporate America, I’ve learned that I cannot afford to be thin-skinned when my ideas are usurped, re-mixed or claimed by others. There’s an art to being a woman of diversity, inclusion and advocacy.”

      4. Afua Richardson-Parry, Senior Medical Manager at Pfizer Ltd.

Richardson-Parry had always strived to be a hands-on person, prone to learning new things in keeping with the pace of a dynamic and changing healthcare ecosystem.

“Knowing what you’re best at and what others can and should do instead of doing it all yourself allows you to be your best.”

      5. Shani Hatcher, Financial Advisor at Wells Fargo Advisors

Hatcher shares how taking a compassionate approach to wellbeing and family time, especially during the current pandemic, has become extremely useful.

“The best thing about my job is helping people. It is humbling that I can be there for my clients during difficult times, I don’t want them to feel alone. I, too, am an individual and a mother dealing with the pandemic, so I tell them we can get through this together.”

      6. Devlyn Lorenzen, Business Support Associate at Wells Fargo Advisors

Lorenzen talks about how a turning point in her career helped her develop a renewed confidence and determination.

“Take charge of your own narrative and find people who will speak up for you.”

      7. Kacy J. Gambles, SVP Regional Manager of Investment and Fiduciary Services for the East Bay and San Jose California Regions at Wells Fargo Private Bank

Being an African American executive, Gambles discusses her journey in the financial services industry and how proud she is to be navigating the journey as a woman of color every day.

“Be bold, be brave and just be you. Don’t shrink to please the people around you.”

      8. Melandee Jones Canady, Delivery Executive at AARP

Over the years, Canady has learned that if you’re not upfront about letting people know your accomplishments, it opens the door for others to create your narrative on your behalf.

“I wish I had been more vocal early on; I was a doer quietly performing my work, until someone pulled me aside and said I needed to start broadcasting more of my achievements.”

      9. Claudine A. Chen-Young, Partner at Katten

Chen-Young shares her attention has shifted focus toward mentoring and sponsoring women associates in meaningful ways on a broader scale, an emphasis she continues today.

“What drives me is the impact I can have on other people.”

 

We look forward to hearing from you and hope that the spirit of Martin Luther King Jr. will inspire us and the words of Maya Angelou will be something we live by today and always because there is so much truth to her proclamation of “When you know better, you do better.”

Walk the talk! Everyday.

 

Contact Allie@theglasshammer.com if you want to be considered for a profile or editorial submission

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Allison Yacker: Partner and Co-Chair, Investment Management and Funds, Katten

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Allison Yacker“From the moment I joined Katten, the attorneys most keen to invest in me — both personally and professionally — quickly became my mentors,” says Katten’s Allison Yacker.

“Reflecting on that moment, not only were those mentors some of the smartest and hardest working attorneys at Katten, but more importantly they were the ones who realized this was a two-way street.” Years later, Yacker now co-chairs the firm’s Investment Management and Funds practice and is based in New York.

Yacker offered insights on her journey to becoming a firm leader, and being recognized as a great mother and a go-to legal counsel for some of the largest global financial institutions.

Pivoting to Make Her Own Path, and Rising to Leadership at Katten

Throughout her 18 years at Katten, Yacker continues to rise through the firm ranks: from being selected as a summer associate, to becoming one of the youngest capital partners in the firm, to acting as a co-chair of the New York Financial Markets and Funds practice group and serving as a member of the firm’s Board of Directors.

“I knew Katten was a great place to work, and by the time I was a third-year associate I had solidified a terrific roster of mentors who happened to be all men,” Yacker said. “As I thrived in my career, I was determined to make capital partner by the time I was 40 and to serve in a leadership position at the firm because I wanted to prove to myself that it was possible and to help create a similar path for other women in the firm.”

And she did just that.

Yacker began her career at Katten in the corporate group, handling general securities work and mergers and acquisitions. She credits this experience with providing her the skillset that would serve as the foundation for her current practice. 

Soon Yacker was presented with the opportunity to be seconded to a major financial institution, where she gained practical legal experience in the derivatives and private funds market. Yacker relished the experience, and quickly found that the clients she enjoyed working with the most were traders and key decision-makers at hedge funds and private equity funds.

When she returned to the firm from her secondment, she quickly realized that she was one of only a few associates who could handle complex derivatives and structured products transactions for both the buy and sell sides. These types of transactions were regularly handled by the Financial Markets and Funds group, so when practice leaders invited her to join the group she knew it would provide her the platform needed to expand upon this niche. She jumped at the opportunity.

But in 2008, when the Dodd-Frank Act was enacted, she quickly realized that the complex derivatives transactions that she had spent a significant amount of time on were essentially regulated out of business. Good lawyers anticipate future risks; great lawyers identify it and pivot. It was at that moment Yacker decided to move away from derivatives and toward refocusing her practice on fund formation and investment management. There she found success faster than anticipated, and her clients quickly came and continue to rely on her to serve as their outsourced general counsel. Later on, she would pivot again – this time toward representing sophisticated investors looking to make investments in hedge funds, private equity funds, and other alternative financial products.  

Today Yacker represents hedge funds, private equity funds, commodity pools and managed account platforms that engage in a wide variety of strategies, including quantitative trading, private credit, distressed debt, futures, litigation finance, securitized products, affordable housing, renewable energy and carbon credits, to name a few. She also advises clients with regards to seed and early stage investment opportunities and global regulatory issues that arise in connection with investments in funds and managed accounts.

“You need to be able to work dynamically within your industry to find a practice that makes sense for you — one in which you respect and like the client base, and, most importantly, one that you enjoy,” Yacker said. “Do not be reactionary when it comes to your career, be proactive, take the reins and make the tough decisions.” 

Being Her Personal and Professional Self

In 2018, Yacker was named Katten’s Working Mother of the Year by Working Mother magazine. The article profiling her pointed out how integration of personal and professional self is only growing in importance. 

“Personal and professional—the lines become blurred when you’re predominantly working from home in New York City and raising two children who are remote learning,” she said. “It’s definitely a challenge to shift back and forth between the mom hat, the teacher hat, and the lawyer hat,” says Yacker. “When it comes to my kids, I make every effort to do so with love and respect, and of course a sense of humor, which I know resonates with my children.”

All joking aside, she remarked that her career often dictates that she be deliberate and efficient with her time, and that she create boundaries for herself and her children so that no aspect of the services she provides to her clients is impacted. To that end, she noted that she periodically goes to Katten’s mostly empty midtown Manhattan office when she has an intense work day planned, and joked that she never thought she would enjoy going to an office as much as she does now.

Positive Vibes and Being the Difference

Yacker is most energized about her work when her clients commend her skillset, style and work ethic when it comes to servicing their needs.  

“My clients often remark that they see me as a true counselor — a person that they know will give them not only insightful legal advice and the answer under the law, but also an answer that will work for their businesses,” she says. “My clients know that I am not a scrivener, and that I don’t stop at ‘no you can’t’ when they have a difficult issue — I’m here to solve their problems, to be creative, and to use the resources of my firm to find the best possible solution to any problem they have and to get the deal done.”

Yacker primarily attributes her professional integrity and intense work ethic to her grandfather, whose first job after arriving in America after surviving the Holocaust was that of a janitor who made 65 cents an hour. Through incredibly hard work, her grandfather eventually built a successful business. Both of her grandfathers were incredibly hard workers but family came first to them. To Yacker, every day that she puts in a hard day at work is a testament to her grandparents and an attempt to honor their memory.

Learning Along the Way

Yacker gained valuable insight while ascending to become one of the firm’s youngest capital partners.

She recommends that young lawyers work with and learn from as many different lawyers as possible. 

“You learn different ways of thinking, different ways of networking, different analytical abilities, and different techniques for maintaining relationships and running a practice,” she observes. “I think that’s been critical to my success.”

Yacker also says that she has always worked hardest for the people who were fully invested in her.

“Seek out mentors who are looking to invest in you personally and professionally,” says Yacker. “And take those relationships as seriously as possible. And then, give back to younger associates in the same regard.”

And most importantly, she encourages young lawyers to take ownership of their careers — not to wait for an opportunity to be handed to them, but rather to take the initiative in building a successful practice and to think proactively and deliberately about their goals. 

Networking and Outreach

Yacker stays connected with her clients and colleagues — even in pandemic times. Whether it be a virtual group wine tasting, hosting socially-distanced cocktails and meals on her terrace, or virtual tea with clients in London, Yacker tries her best to proactively stay in touch with her clients both professionally and personally.

She has found it particularly fulfilling to work on pro bono matters,  providing legal counsel through the Small Business Legal Relief Alliance to small businesses in New York that are struggling during the global pandemic. 

Yacker also sits on the steering committee and national mentoring panel of the Katten Women’s Leadership Forum, which supports the growth of Katten’s women attorneys with professional development events, networking and practical advice. 

She is also one of the founding members of Katten’s Women in Finance Initiative, which seeks to build a strong community of women within the firm with a view toward driving cross-selling opportunities and driving more business to this community.

She is an Angel Member of 100 Women in Finance, an organization dedicated to empowering women in the finance and alternative investment industries through meaningful connections, high-impact programming and initiatives that help build the pipeline of future leaders in the industry.

Also close to her heart is the new Parents Affinity Group at Katten—a virtual support group for attorneys and business professionals to connect with each other and discuss approaches to navigating work and family responsibilities. 

Crowing Achievement

As committed as she is to her professional success, she views her crowning achievement as the balance she has struck between being a successful lawyer and being a successful mother.

“My children know that mommy’s business means I have to be available to my clients almost all the time, so I work a lot. I think they respect me for how hard I work at my job, but they 100 percent know that they come first and they always will,” Yacker said. 

Yacker’s “work hard, play hard” attitude has always resonated with her sons Jackson and Ashton, ages 8 and 12 respectively. She revels daily in how resilient they are, how kind they are to each other, and how hard they work to do their best in school, even under these extraordinary circumstances. Yacker said she finds inspiration from her kids, who make her want to be the best at anything she is doing.

Her most cherished daily moment is the time when it’s just her and her boys — whether they are on the baseball field, cuddling in bed, or laughing together in hysterics on the couch. Those are the moments she is most grateful for.

By Aimee Hansen

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Cathy Yoon, Special Counsel, Financial Markets and Funds, Katten

Cathy Yoon“Keep an open mind. Just because you start your practice one way doesn’t mean you’re wedded to that,” says Katten’s Cathy Yoon.

“When I mentor college and law students as they start their careers, they always ask how I ended up where I am today, and I tell them it’s ok if you have no idea what you want to do because you’ll figure it out.”

Finding Her Niche

As the oldest child of first generation Korean immigrants, Yoon says she faced a lot of pressure from her parents to choose a “good,” well-paying career.

But after graduating from Swarthmore College as a history major, Yoon wasn’t sure what her career path would be. A friend was a legal assistant at a large law firm, and that prompted her to consider enrolling in law school. She attended New York Law School and after passing the bar went to a law firm as an associate handling corporate transactions and working primarily with private equity firms and hedge funds.

Her early legal training paid off. After three years, Yoon was recruited by one of the largest global financial services institutions in the world and became a managing director and senior counsel handling corporate legal matters, including acquisitions, divestitures, strategic initiatives, FinTech and other minority investments and other general corporate matters. During her seven-year tenure there, the Dodd-Frank Act was enacted, designed to prevent another financial crisis by implementing various reforms impacting how banks operated. This included restrictions on large financial institutions from growing by way of acquisitions or ventures and such restrictions started to impact Yoon’s practice.

At this point, Yoon pivoted and looked into what the smaller strategy groups were doing and started to move away from working on large corporate transactions and focused on more strategic initiatives such as representing the financial institution in several enterprise blockchain consortiums, where it joined other companies in the development of blockchain technology. This experience introduced Yoon to emerging technology in the financial services space, and the more she learned about blockchain and other forms of distributed ledger technology, the more interested she became.

She reached out to her network of colleagues and friends who were dabbling in it and eventually left the financial institution and joined a blockchain advisory start-up. “Until now I had gone the safe route, with a large law firm and financial institutions, and then I jumped headfirst into start-up life,” Yoon says. She wore many different hats—in consulting, business development, strategy and marketing, as well as acting as general counsel. “You pitch in where you need to,” she says, adding that she probably learned more about the intersection of business and law during this period of time than her entire career before this point.

Last year, Yoon joined the Financial Markets and Funds practice at Katten where she focuses her practice on assisting clients with navigating the legal, regulatory and operational aspects for their FinTech offerings and products.

Practicing law has been much more exciting for Yoon as many of her clients are on the cutting edge of technology and trying to operate in a space with a great deal of legal and regulatory uncertainty. “It’s a journey we are on together and it’s gratifying when my clients can articulate the value I bring. They say things like, ‘You really get it. You’re going beyond giving legal advice and thinking about the strategy. We enjoy working with you because you don’t just tell us no, but instead you help us understand the risks using the lens of our specific business model,’” Yoon says.

Mentoring the Next Generation

Yoon seizes any chance she can to serve as a mentor. One message she always tries to impart is that networking should be a thread that weaves throughout your career. “It’s never too early to start,” she tells younger professionals. Even today when most networking is virtual, there are numerous ways to reach out, including being visible on LinkedIn by sharing updates or chiming in with your opinions and experiences.

One of the places she is able to reach younger women is through her work on the advisory council of the GlamourGals Foundation, which fosters intergenerational connections between teen leaders and seniors to alleviate the issue of elder isolation, while offering networking sessions and leadership conferences to volunteers.

Yoon is part of many diverse groups and networks where the primary goal is to make sure there is proper diverse representation on boards, at conferences and in open positions. Since emerging tech is largely a male-dominated field, she likes to lead by example in the space, which is why she focuses on mentoring. “While I’ve always had terrific mentors and sponsors, I had always hoped there would be more opportunities to meet people from diverse backgrounds,” she says. “I appreciate I can be that person for others.”

by Cathie Ericson

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Erin England, Partner, Katten

Erin England

GittingsLegal – NE73197

Success comes in many forms, and you have to define it for yourself, explains Katten’s Erin England.

Today England enjoys being able to share her story with young professionals and students, and says she often hears from advice seekers after a presentation. But that advice can’t be one-size-fits-all because success looks different for everyone and has to be targeted toward their unique goals. “If they don’t know what they are looking for personally, the advice won’t be in alignment with the outcome they want,” England said.

For England, she initially viewed success as becoming financially stable. “I know what it’s like to struggle financially – my family did when I was young – so in the beginning I set my sights on academic and professional achievement and the financial stability that comes with it.” Upon achieving that security, England has revamped her definition of success.

Living Her Dream

As the youngest of three raised by a single mother, England was the first in her family to go to college. She graduated with a business degree from Texas A&M University. After graduation, she spent a few years in banking, and then set her sights on law school at Southern Methodist University in Dallas.

She started her legal career at another Dallas law firm where she worked for nearly 12 years, making partner along the way, and recently joined Katten as the first Commercial Finance partner in Texas.

At her former firm, she specialized in “fund finance” or “subscription financing,” which involves lending to private equity funds and securing the loans by the capital commitments of investors in the fund. She has brought her experience to Katten and is looking forward to building out the practice at the firm.

Learning Along the Way

England speaks of her early years in law as marked by a condition many young professionals experience: a dose of imposter syndrome, which for her created a sense of not belonging and having to “fake” it. “I was hesitant to speak up and was afraid to be myself because I didn’t want to say the wrong thing. My perception was that I did not grow up like other lawyers in the firm, which may have not been true, but my sphere of influence was so different than my colleagues at the time,” she says. But she soon realized that everyone makes mistakes, everyone has their own story of struggle, and the firm is better off having people from many different backgrounds.

Helping Others With the Climb

At her former firm, England co-chaired the women’s initiative committee and is looking forward to getting involved with Katten’s robust Women’s Leadership Forum. Opportunities to support fellow women attorneys are important to her, she says. “I love the reciprocal mentoring and encouragement these programs offer, and it’s an excellent way to meet others across the firm.”

She believes women should work to lift each other up. “Lift as you climb,” is one of her favorite sayings. And she thinks it’s vital for women in her position to stay aware of how to help others. She recommends her peers “move over and add a chair when they get a seat at the table.”

When younger women are overwhelmed at a law firm, she encourages them to know that it will get better. “For example, when you make partner, you have much more control of your day and you’ve earned the respect of your peers.” Unfortunately, in her experience, it’s been the case that many women leave firm life or the practice altogether just when they’re hitting their stride.

England believes that the prevailing barrier to success for women in the legal industry in general is the lack of women in positions of power. She notes that it’s “tough to be what you can’t see.” And while she acknowledges that there are systemic flaws that make it difficult for women to achieve positions of power, she says sometimes the only thing you can do is “just keep swimming.”

With over a decade of practice under her belt, England says she no longer views success in terms of financial security, but as having the opportunity to pay it forward by helping others achieve their professional or personal goals.

With a husband who is also a partner at a large law firm and a young daughter, England’s family is busy. As she works remotely, she makes a point to bring her daughter in to video calls as appropriate to help show other associates how family can be part of a full professional life.

England is devoted to nonprofit work, having been on several boards, including her local YMCA and the Dallas Women Lawyers Association. She recently joined her first for-profit board for a new company called the Bold Women Society, a community that spotlights women with courageous stories.

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Christina J. Grigorian, Partner, Katten

Christina J. Grigorian“I wish I’d known earlier on that you don’t have to be linear in your career,” says Katten’s Christina J. Grigorian. “If something is pulling you in a different direction, there are firms out there that will support those interests or needs.” And, she says, she was fortunate to find that you don’t have to follow a traditional trajectory on the partner track to have a fulfilling career.

Forging a Path Paved with Balance

During law school at the University of Maryland, Grigorian served as the student editor-in-chief of “The Business Lawyer,” which at the time was the largest law journal in circulation and published in conjunction with the American Bar Association. After passing the bar, she went directly to a firm where she discovered how much she loved the banking side of law, and after six years practicing with two other firms, has been with Katten for 18 years. During her tenure, she has worn many hats, including associate, contractor, senior associate, then counsel and partner in the firm’s Corporate practice.

The road wasn’t smooth, she acknowledges. When she started a family, she initially doubted whether she could juggle three children with her high-powered work and considered a leave. Fortunately, Katten was solution-oriented and offered her a reduced schedule of 10 to 15 hours a week working remotely as a contractor.

As her youngest child transitioned to preschool, she started working three mornings a week in the office and then further increased her hours when her youngest child began elementary school. Although it took her 21 years to become a partner, she did it on her own terms. “I have been very fortunate that I could walk a path that was both professionally and personally fulfilling,” Grigorian says.

Even today, she makes sure that her family demands do not interfere with her work responsibilities at the firm. “I never say ‘no’ to any project – the only question I may raise is with respect to timing,” she says, adhering to a flexible schedule that often had her rounding out her work in the evening while her children did their homework. “I have found this willingness has led to a lot of credibility that I will come through and the work will get done.”

Expanding a Welcome Niche

The enactment of the Dodd-Frank Act in 2010 brought new financial reforms and regulations for lenders and banks, creating enormous demand for an attorney like Grigorian who has an extensive background in banking law. It opened opportunities for her practice to flourish and evolve to now where she advises banks, bank holding companies, and state-licensed consumer and commercial lenders to ensure they are complying with applicable laws related to providing consumer or commercial credit.

This specialty allows Grigorian to work with a wide variety of teams as she can parlay her knowledge of banking and consumer and commercial lending law to a variety of deals and transactions.

“I am proud that I’ve been able to grow professionally in a way that allows me to be a resource to support so many teams,” she says. That ability came into sharp focus when the CARES Act passed earlier this year; her background allowed her to jump in to help clients understand the guidelines of the Paycheck Protection Program, which provides small businesses with funding to cover payroll costs, rent and utilities.

“It was amazing to join forces with so many people across the firm and help clients from bakeries to doctor’s offices to nonprofits determine if they were eligible to apply. It was such a wonderfully collaborative effort for these companies that really needed the lifeline,” she says, adding that it was a welcome spot in her practice to spend so much time with different types of clients and partners.

Balancing Work With Other Interests

The company you keep is as important as the work, Grigorian believes, meaning you must seek out those with whom you enjoy spending time. Through the years, she has had mentors who have been good role models with their work-life balance, along with being active in their communities, and she was able to model her career path in that view. She shares those lessons with others as an active participant in the Women’s Leadership Forum in Katten’s Washington, D.C. office, which has been a good outlet for her fellow female colleagues with its dynamic programming that offers everything from networking events to professional development programs.

Active in her community, Grigorian enjoys her volunteer work with the Washington National Cathedral, where she supports its horticulture projects, including recent efforts to create a bee sanctuary. “I adore this group of people who are dedicated to this mission to provide a haven to reflect and relax on the stunning Cathedral grounds located in DC’s urban core,” she says. “And in these times, it’s more important than ever.” In addition to her volunteer work, she enjoys traveling with her husband and children and reading her book club’s monthly selections.

by Cathie Ericson

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Voice of Experience: Cheryl Camin Murray, Health Care Partner, Katten

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Cheryl Camin Murrayby Cathie Ericson

“Stick with it.” That’s the advice that Katten’s Cheryl Camin Murray has for younger associates, noting that employers can be accommodating if you ask.

“Sometimes you are at a point in your life where you need a more flexible schedule, but that doesn’t mean you have to automatically go off the partner track or to part time. You can continue to create opportunities in your career by asking for what you need; in fact, you may even be the impetus for a new policy or program that helps others.”

Finding Her Niche

That guidance has helped Murray achieve the career she envisioned: entering private practice, becoming an involved, contributing member to a firm, and eventually getting elevated to partner. Throughout her legal career she has focused on health care law, with a stint interning with the U.S. Department of Health and Human Services, Office of the Inspector General, to cement her interest, then earning a master’s degree in public health from the University of Texas Health Science Center at Houston in addition to her law degree.

Murray started as a summer associate and worked her way up to partner at another firm before she joined Katten’s newest office in Dallas in 2018 with two talented colleagues. Together they have grown the Texas Health Care practice, which represents one of her proudest professional accomplishments to date.

In light of the recent COVID-related ramifications, she has been focused on leading in a creative way that allows her to continue to support the firm and her clients, guiding them through transactional and regulatory matters, as well as the privacy and security concerns facing the health care industry. To that end, she serves on Katten’s COVID-19 advisory group, a multidisciplinary task force addressing the wide range of issues companies are facing in response to the coronavirus outbreak. She is also part of the Dallas Bar Association’s Coronavirus Task Force designed to bring attorneys the latest news on court closures, legal and community resources and webinar presentations. For example, with the growth of telehealth services during this time, Murray often counsels health care providers on major developments that could impact the delivery and coverage of such services.

Nurturing a Culture of Mutual Support

Murray advises young professionals to seek mentors as much as possible, identifying people with a breadth of experience to guide their careers and help identify next steps and goals and the best paths to getting there. She advocates that women attorneys who are more established in their careers support younger attorneys, but also each other. For her part, she has been active in “Act III,” an external women’s lawyer group that includes women from different practices who come together to help support each other as they navigate the next stage of their careers and then bring the next generation of women along with them.

While law is a great career path, she acknowledges it can be challenging for women. “Since genetically women carry and deliver the babies, companies are realizing they need to develop robust programs to offer support, such as enhanced maternity and paternity leave,” Murray said. It’s not just the official firm policy that matters, but also how that policy is turned into practice and integrated into the firm’s culture, she said.

As an equity partner at a prior firm when she had her triplets, Murray encountered a hurdle in taking time off although her colleagues were very supportive during this time. “When you have built a business around clients—relationships you’ve developed—it’s more challenging to go off the clock for an official maternity leave,” she notes. At Katten, she has found a firm that has been highly supportive with generous policies for families and a dedication to balance.

Her firm involvement includes a role as the Texas co-chair of Katten’s Women’s Leadership Forum, which supports the advancement and retention of female attorneys by offering mentoring, skill-building opportunities, external and internal networking, and career development programs. One recent event she felt was particularly helpful to attendees centered on how to identify and overcome the psychological phenomenon of “imposter syndrome.”

Outside the firm, Murray is equally involved, as the second vice president on the board of directors of the Dallas Bar Association; chair of the board of directors of the Southwest Transplant Alliance, a nonprofit organization that serves as the bridge between organ donors and potential transplant recipients in Texas; and a board member and former chair of the Dallas Friday Group, a nonpartisan organization of business people who share an interest in public affairs and business issues. On top of those roles, Murray is the mom of four-year-old triplets.

A busy practice, coupled with a fulfilling volunteer and family life, are the keys to success for Murray.

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Kate Ulrich Saracene, Partner, Katten

 

Kate Ulrich Saracene“You cannot map out your career; you have to respond to opportunities and obstacles as they appear,” says Katten’s Kate Ulrich Saracene.

While it helps to have goals, trying to adhere too closely to a roadmap can actually make you feel frustrated and overwhelmed. But being flexible can open doors, she finds.

For example, three years ago, she never imagined she would be a practice group leader for a law firm headquartered in Chicago while working remotely from her home in Rochester, New York. In light of the non-traditional path she took on her journey, her achievements shine even brighter.

Forging Her Own Way

What Saracene has found to be beneficial is the flexible work arrangement she has at the firm that allows her to work remotely from upstate New York where she lives with her two teenage children. She commutes to the Chicago and New York City offices a little less than half the time. “While my workday flexes from 6 a.m. to midnight, it has enabled me to be a better parent when I’m home,” she says.

The arrangement has been so successful, and has since attracted another partner to join her team at Katten. “Because the firm has been so flexible, I’ve been able to recruit talented people whom I’ve worked within the past, allowing the group to grow organically,” Saracene said.

As Saracene puts it, her career path from human resources professional to leader of Katten’s Employee Benefits and Executive Compensation practice was not typical.

After graduating from Cornell University with a bachelor’s degree in industrial and labor relations, she worked for Xerox as a labor relations specialist in Rochester, NY. When she was accepted to law school a few years later, she transferred to Xerox corporate headquarters in Stamford, Conn. and worked part-time as an employee benefits analyst while attending Yale. Once she received her law degree, she joined a law firm as an associate, counseling clients on labor and employment laws and drafting policies for employee handbooks among other responsibilities. Following the birth of her first child, she returned to Xerox for four years in a human resources position, enabling her to work part-time while maintaining a manager title.

Saracene never saw the job switch as a setback in her career; in fact, she believes this stint working in corporate employee benefits has been advantageous for her clients, as she better understands their needs. “I have walked in their shoes and speak their language, and I understand the operational things they need to be aware of and the consequences of my advice,” Saracene said.

She continued to work part-time for 13 years, eventually finding her way back to the law as an employee benefits attorney at her former law firm and serving as counsel advising clients on the complexities of laws and regulations for retirement, welfare and compensation plans. This transition to a tax counseling practice, from her prior legal stint as a labor and employment counselor and litigator, was the key that allowed her to move back to law firm life but with a schedule that was more predictable and manageable while she raised young children.

When the Affordable Care Act was signed into law in 2010, Saracene became quite familiar with all the regulations, requirements and provisions of the legislation, turning herself into an authority on the topic who was regularly quoted providing legal analysis to national media publications and became a sought-after speaker on the subject. Saracene stepped off the partner track for three years after transitioning back to private practice but asked to be put back on in 2012 and within 18 months was named a partner. She joined Katten in 2017.

And therein lies a key to success that she shares with young associates: One path to moving up is to find a new area of the law where you are on equal footing with everyone else despite their experience, learn it and own it. If you are willing to tackle something new and master it, you can be an invaluable resource to your firm and clients.

Embracing Well-Being in her Personal and Professional Life

Over the years, Saracene has seen the importance of health and wellbeing. After becoming an avid yoga practitioner and then a yoga and meditation instructor, she has found ways to incorporate the benefits of those practices into the legal community.

For example, she is working with the local bar association on teaching mindfulness, where participants can earn ethics credits as she focuses on the brain science behind it and how the techniques can create a more successful lawyer ‘“ more calm and composed, able to think more deliberately and better manage clients and their expectations. “It’s become a passion of mine that I have been able to share with the law community and Katten specifically,” Saracene says.

Saracene has become integrally involved in launching a firm wellness initiative called Katten Well-Being 360 to provide attorneys and business professionals with resources aimed at encouraging greater attention to mental and physical health. She is vocal about the needs of attorneys, and that initiative now brings wellness-related items like aromatherapy stress balls to recruiting events, and she recently led a meditation session at a new partner orientation. “We are trying to work it into the fabric of the culture,” she says.

Regarding other aspects of wellness, she has learned that you have to think carefully about how to commit your time and therefore recommends outsourcing tasks that may not be a high priority or have a direct benefit for you personally doing them. For example, she is happy to have someone help around the house or to run errands, but she’s more reluctant to give up driving her kids to school or activities as that can be important together time.

“It’s always going to be challenging for moms to try to be the best parent possible while still being the best lawyer possible. It requires sacrifice, but the key is to look at things over a long horizon,” Saracene says, noting that there were times when her kids have seen her less because she’s more involved in her career, and times when she’s been less focused on her career because of her children. Her new remote work arrangement has helped her strike the right balance.

And as they get older, she finds new ways to be present in their lives. One of her favorite “escapes” has been combining philanthropy with travel. Volunteering with the International Fund for Economic Development (IFED), she has trekked to remote areas ‘“ introducing after-school programs in Paraguay and helping coordinate efforts to improve conditions at an orphanage in Bali ‘“ through a program championed by a former mentor at her law firm and his wife that they took on as a retirement project. This year, her son plans to join her on an IFED trip. “Everything comes full circle. He helped me build my career, and now his good works are allowing us to give back together.”

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Voice of Experience: Mara Glaser McCahan, Partner, Katten

Mara Glaser McCahan“I would have saved myself a lot of angst if I had known earlier in my career that everyone has their own style, and I don’t have to mimic others to be successful,” says Katten Corporate Partner Mara Glaser McCahan.

For a number of years, she tried to imitate the style of successful people who surrounded her, but she realized that it wasn’t working because she wasn’t being genuine. “Once I was able to hone in on my own style and trust that my style, although different, was every bit as good as others’, I was not only more comfortable, but more successful.”

A Career Path Forged From the Start

As Glaser McCahan puts it, she was that person who always knew what she wanted to be—a corporate lawyer—even proclaiming that to her high school newspaper as her post-senior year plans. And her career as a transactional lawyer has not disappointed. She terms her path as “fairly straightforward,” having dabbled in litigation and regulatory work as a summer associate but finding her right fit during her initial corporate assignment.

Of course, since she has been practicing for more than 20 years, the path itself has taken lots of turns. For example, the types of deals that she has handled have varied greatly, depending on the fluctuations in the economy. She first began practicing in the “go-go” days of the late 1990s, when money flowed fast and furious into startups, and companies went public on projected future earnings.

Then came the tech bust, and while those transactions stopped, different deals emerged—such as distressed deals, bankruptcy deals, bridge financings and other types of transactions where someone saw an opportunity in the fallout. While the twists can be challenging, Glaser McCahan believes that is what has made her career interesting. “While many of the basic principles are applied over and over, no deal is ever the same, which makes my job enjoyable and intellectually engaging,” she says.

Being a transactional lawyer requires the ability to adapt—to different types of deals, changing market conditions, different structures and more. “You learn from every change by absorbing it and applying it to future situations, which ultimately makes you a stronger lawyer with increased wisdom and better insight to advise your client,” Glaser McCahan says. And, she adds, this experience is what makes you valuable to clients. After all, a lawyer closes many deals in any given year, while the client may only do a deal every few years so they look to their legal team for guidance.

Given that depth of experience, having to choose a professional accomplishment she’s most proud of feels to Glaser McCahan like being a parent choosing a favorite child. “Every deal requires a lot of effort, and I throw myself fully into each one, with its accompanying unique set of circumstances that require creative solutions to get them across the finish line.” In addition, she notes, transactions require coordination and teamwork to keep moving toward a common purpose, both with the client and with the internal team. “Whenever a deal I’m working on closes, it is a feeling of accomplishment that through teamwork you were able to successfully help your client achieve a goal.” But basking in the high is short-lived, as Glaser McCahan then looks forward to doing it all over again with a new deal.

Helping Bring Others Along Is a Two-Way Street

Glaser McCahan recommends that young women take ownership of their own career; rather than sitting around passively and waiting for someone to take interest in shaping their trajectory, she urges them to ask questions, show interest, request help when needed and ask to be staffed on various assignments if they desire to work with a particular senior associate, partner or client.

“The answer may not always be ‘yes,’ but if you don’t ask, you won’t get what you want,” she points out. And, even if the initial answer is “no,” it’s a way to put yourself on their radar to hopefully have your request met later. For that reason, she says it’s okay to be aggressive, while never obnoxious, of course. “I think that folks are always interested in helping others who have demonstrated that they care and are willing to put in extra effort.”

And then the onus is on professionals at upper levels to make the effort to assist those who are just starting out in their careers. She recommends thinking back to your early career, as everyone can describe instances where someone helped—by taking an interest in their career through mentoring, providing useful advice or staffing them on an important transaction or case with an important client.

The need is particularly great for women. Despite the immense strides that have been made in many traditional practices, there is still a long way to go. Glaser McCahan remembers being the only female attorney in the corporate group when she was hired 20 years ago; even though more women are choosing to practice law in areas that have been traditionally male, such as corporate, real estate and finance, the numbers remain small. And they get even smaller when you consider the number of women who choose to continue to stay on the partner track and who actually make partner. “Despite the fact that women graduates outpace men, the business professionals sitting around deal tables generally tend to be all men. Even 20 years later, I am almost always the only woman; we have to do better to get women more seats at that table.”

And that can happen by being that person who helps create a career-changing opportunity, Glaser McCahan says, acknowledging that it’s easy to get wrapped up in your own career and busy schedule, and thus forget to pause and give a helping hand. “But even the smallest act can have a profound impact and we should strive to give back.”

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