LAWFUEL – The Legal Newswire – Chicago, Illinois – January 7, 2008 – Loeb & Loeb LLP announced today that Elizabeth L. Majers will join the firm’s Chicago office as a partner in the Corporate Department, working in the Commercial Finance and Bankruptcy, Workouts and Creditors Rights practice groups. Majers joins from McDermott Will & Emery LLP in Chicago where she was a partner and served as Chair of the Global Corporate Finance Practice Group and was the Partner-in-Charge of Client Relations. Her move marks the expansion of the Loeb & Loeb’s Corporate Department into the Chicago office, further diversifying the footprint of this growing office.
Majers has primarily represented institutional lenders in the area of the direct placement of corporate securities. She has represented virtually every major insurance company and pension fund active in the private placement industry as well as hedge funds, banks, capital companies and other financial institutions in connection with their purchase of privately placed securities.
“Elizabeth’s move to our Chicago office is part of our ongoing strategy to diversify our practices with more transactional lawyers with impressive backgrounds,” said Loeb & Loeb Co-Chair Michael Beck.
Majers’ practice will compliment and enhance the myriad of sophisticated, specialty finance products that Loeb already offers, such as Private Investment in Public Equity transactions (PIPEs); leveraged buyouts, mezzanine finance; insurance premium finance and real estate finance, among others, as well as entertainment finance in both film and music, including securitization and structured finance of entertainment and other intellectual property assets.
Majers’ finance experience includes the structuring, documentation and negotiation of a wide variety of privately placed financial transactions such as mezzanine and private equity financings; workouts and restructurings; leveraged leasing of aircraft, railroad rolling stock, electronic data transmission equipment, vehicles, mining equipment and real estate; leveraged ESOP transactions; leveraged buyouts; project and facility financings; real estate financings; credit tenant loan transactions; loan and other asset securitizations and unsecured debt financings for U.S., Canadian and other foreign issuers. Her practice also includes a special emphasis on multiple property credit tenant loan securitizations.
“Elizabeth possesses vast experience representing institutional lenders in troubled and distressed financings,” said Loeb & Loeb Co-Chair John Frankenheimer. “With an extensive and diverse list of recent achievements in this area, she is a great addition to our team and will prove to be an invaluable asset to our existing clients as well.”
Majers representative workout achievements include successful restructurings of C-BASS LLC (subprime mortgage originator and investor), U-Haul International, Wabash National Corporation, Illinois Vehicle Premium Finance (subprime insurance premium financing securitization), Union Square (D.C.) Credit Tenant Loan, and numerous private mezzanine transactions.
“Loeb & Loeb has made very wise choices in expanding the various aspects of their corporate practice and further expanding their offerings to the financial services industry, including the recent formalization of their Mortgage Industry Service Group,” said Majers.
Loeb & Loeb launched the Mortgage Industry Services Group in 2007 to advise clients with respect to the myriad of legal, economic and practical issues that have arisen as a result of the dislocations and upheavals in the subprime mortgage market. This work has included pre-bankruptcy and bankruptcy advice, debt restructuring, out of court recapitalizations, refinancing securitizations, rating agency matters, DIP financing, asset purchases and sales, and corporate disclosure and governance advice.
“Elizabeth will provide our corporate department with an even deeper bench,” said Daniel Frohling, a partner and Administrative Partner-in-Charge of Loeb & Loeb’s Chicago office. “Her move to our rapidly growing Chicago office will provide our clients with further insight on a wide range of transactional matters.”
In addition to Majers’ move to the Chicago office, Loeb & Loeb recently added Scott Edel in Los Angeles, a partner who focuses on entertainment industry transactions.
Since 1988, Majers has been a fellow of the American College of Investment Counsel. The College was incorporated by a special act of the Connecticut Legislature in 1982 and provides a forum for the discussion of legal issues relating to privately placed corporate securities. In 1990, she was appointed as a trustee on the Board of Trustees of the College and was elected as its president in 1994.
Majers received her J.D. cum laude from Indiana University School of Law, her B.S. from the University of Illinois at Urbana-Champaign, and is a Certified Public Accountant and is admitted to the Texas and Illinois bars.
About Loeb & Loeb LLP: Loeb & Loeb LLP is a multi-service national law firm approaching 300 attorneys focusing on select core industries and practice areas, rather than endeavoring to be all things to all clients, and is recognized as a leading law firm in the areas of corporate and securities matters; litigation; entertainment and media law; finance; real estate; intellectual property; private equity; employment; advertising and promotions and tax and wealth services. The firm represents multi-national, Fortune 100 company in their mid-market transactions and litigation matters, and serves as primary outside counsel to a multitude of mid-market clients. The firm also represents clients ranging from high tech start-ups to high net worth individuals and families. The firm has four domestic offices in Los Angeles, New York, Chicago and Nashville and an affiliation in Asia and Europe. For more information please visit http://www.loeb.com/List your legal jobs on the LawFuel Network