Legal news and trends for Canadian in-house counsel and c-suite executives
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dealing with the corporate advisory busi- ness and those working on the research side and issuing recommendations. This includes separate physical staff, separate computer systems, and no direct com- munication between the different wings of the organization. RiskMetrics also has a blackout period, which means as soon as a matter is open to the research process, workers on the corporate advi- sory side are no longer able to address it, says McGurn. The organization also provides access for institutional clients to information on any services provided Subscribe today to Canadian Lawyer Canadian Lawyer is the ultimate source for today's legal professional. Keep up to date and informed by subscribing today for only $65 a year! Along with 11 issues packed with insights, trends and analysis, you'll also receive access to Canadian Lawyer's exclusive digital edition and digital edition archives, available only to registered subscribers. And, you'll stay up to date on breaking news between issues with Canadian Legal Newswire, our free weekly enewsletter that is edited by our legal reporting team. Subscribe online at canadianlawyermag.com Paying it f orward • A supreme misstep • A lot of wine-ing September 2009 eptember 200 09 to a corporate issuer. McGurn suggests the organization's long track record is proof positive of its ability to adequately guard against conflicts. "Given the fact that we've been doing this for going on 15 years or so, I think it's pretty clear that our institutional clientele have that infor- mation available to them and it doesn't, again, have implications for a decision to continue to purchase our research services." The visibility of proxy advisory ser- $7.00 ASIA BUSINESS IN Be it the Pacific Rim, Southeast Asia, or elsewhere in the world's largest continent, Canadian law firms are taking advantage of opportunities. 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L4G 3S9 Tel: (905) 727-0077 Fax: (905) 841-4357 Mail or fax this form to Canadian Lawyer Sub-ad_CL_Sep_09.indd 1 22 • APRIL 2010 INHOUSE DOING vices is likely to continue to grow in the year ahead if O'Donoghue's pre- dictions prove accurate. As Canada makes its way out of the recession in 2010, she expects to see a significant amount of consolidation arising in the marketplace, both domestically and internationally. That means more and more corporate counsel will be called on to help lead their teams through the merger-and-acquisition process. And while counsel will need to form a plan to put their best foot forward for the proxies, there are a wide range of other considerations when navigating an M&A deal. George McClean, vice president and general counsel of Acklands-Grainger Inc. in Richmond Hill, Ont., has been involved in a slew of M&A deals as a member of a steering committee with the industrial supplier and in his previous role as coun- sel to General Motors of Canada Ltd. He says it is crucial for in-house counsel to serve as a trusted adviser and reasonable negotiator during any transaction. That takes a strong effort to integrate into the business side of the company, rather than focusing solely on the legal issues surrounding operations. Counsel must "really understand the business rationale, the valuation thesis, the synergies, and be able to articulate all of those and therefore be able to represent the company both at the preliminary stages, and then through negotiations, and closing," he says. "And then, even beyond that, into integrating the businesses." But McClean acknowledges in-house 8/14/09 9:11:54 AM C r e i g h t o n o n t h e b e n c h • J u r y t amp e r i n g • Pa r e n t a l a l i e n a t i o n s y n d r ome August 2009 $7.00 ASSEMBLY LINE Hundreds of l lawyers are Hun involvenvo ed Hundr LIN involv d in the com o f C naCa ada autom of an da's Canada's complex remodelling omotive industry. $7.00 S t . J o h n ' s c i t y r e v i ew • Wi l d , wi l d we b • C a r r i a g e b a t t l e s July 2009 July 2009 Louis Pasquinasqu tiion honou our or tion th be Ca nadaanada conviction that gives him the dubious honour of being the first lawyer in Canada guilty of gangsterism. Pasquin c on t at f being t being he him he dubiousdub io t of erism. GANGST Save GANGSTA RAP tioni AP Subscription Special see page 48 ipti n Spe i % l summer 35% uin is appealing the appealing app ppea g