Ira Schacter Joins McDermott Will & Schulte to Lead Growth

New Leadership at McDermott Will & Schulte

International law firm McDermott Will & Schulte is excited to announce the addition of experienced advisor Ira Schacter as a partner in their Transactions Practice Group. Ira's expertise will spearhead a new financial services vertical that aims to position the firm as a primary legal counsel for clients at the crossroads of private equity, hedge funds, insurance, and financial services.

Strengthening Financial Services

Ira Schacter brings with him decades of rich experience, honed through a successful career where he has facilitated mergers and acquisitions along with managing complex financial restructurings across various sectors, including financial institutions and technology. His comprehensive approach is set to bolster McDermott Will & Schulte's reputation, enhancing their existing relationships with financial entities and expanding their overall client base.

Transformative Leadership

"Ira is not just a talented attorney, but a trusted advisor who fosters strong relationships with clients," remarked Ira Coleman, Chair of McDermott Will & Schulte. "We are thrilled to have him onboard as we expand our financial services offering with his insights and expertise."

Expanding Opportunities

McDermott Will & Schulte is on the verge of identifying new growth areas for its clients, especially in this rapidly evolving landscape of finance. Harris Siskind, the Global Transactions Practice Group Head, expressed enthusiasm about this transformation, noting the emergence of a hybrid future in lending. The firm is exceptionally positioned to capitalize on the changing dynamics of banking and private credit cooperation.

Integrating Services for Clients

With Ira's strategic insights, the firm is set to broaden its service offerings. He emphasizes that the current surge in bank interactions with private credit firms isn't merely a temporary adjustment; it’s a thoughtful response to evolving regulatory requirements. This perspective fosters a strong foundation for successful client relations in a fundamentally restructured banking environment.

Pioneering a New Era

"The unique merger of McDermott Will & Schulte presents an unparalleled opportunity for financial clients navigating the challenges of this changing landscape," stated Ira Schacter. He conveyed pride in joining the firm during such a transformative time, where collaboration across private equity and hedge funds can lead to extensive solutions for clients.

High-Profile Transactions

Ira Schacter has been at the heart of several significant transactions and restructurings, establishing a noteworthy track record. Notable achievements include:

• Representing a major global insurer in a joint venture with high-net-worth families to launch new financial services across the Asia-Pacific region.
• Advising investors in transactions that enabled a leading research university to monetize medical system payments, yielding over $3 billion for their endowment.
• Leading a successful out-of-court restructuring for a substantial guaranty insurance portfolio, addressing over $12 billion in debt exposures while reinsuring public finance exposures totaling $13 billion.
• Acting on behalf of a large global energy and commodity trading company in a $3.5 billion acquisition of a relevant physical commodities business from a prominent bank.

About McDermott Will & Schulte

McDermott Will & Schulte stands at the forefront of helping organizations navigate their legal challenges. They ensure that clients connect with innovative leaders while striving for stronger outcomes. With a presence in over 20 locations globally, the firm employs more than 1,750 legal professionals who leverage data-driven insights along with extensive industry experience to fulfill their promise of delivering superior legal services.

Frequently Asked Questions

What is the role of Ira Schacter at McDermott Will & Schulte?

Ira Schacter is a partner in the Transactions Practice Group and will lead a new financial services vertical aimed at enhancing client support in various financial sectors.

Why is McDermott Will & Schulte expanding its financial services?

The firm aims to strengthen its position as a key legal counsel for clients navigating the rapidly evolving financial landscape, particularly in private equity and hedge funds.

What experience does Ira Schacter bring?

Schacter has extensive experience in managing mergers, acquisitions, and complex financial restructurings across several industries, particularly in financial institutions and technology.

How does the firm view the relationship between banks and private credit firms?

The firm believes the emerging hybrid future of lending will create opportunities for collaboration rather than competition between banks and private credit firms.

What type of transactions has Ira Schacter handled previously?

He has been involved in high-profile transactions, including representing global insurers and facilitating significant investment strategies for universities and companies.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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