New Partner Lorraine Vaz Strengthens Debt Finance Practice of McGuireWoods London

New Partner Lorraine Vaz Strengthens Debt Finance Practice of McGuireWoods London

Continues Firm’s Strategic Growth to Serve Clients in UK Market

PR Newswire

LONDON, July 24, 2017 /PRNewswire/ — Highly regarded leveraged finance lawyer Lorraine Vaz is the latest partner to join McGuireWoods in London, positioning the firm as a leader in meeting a growing demand in the UK for U.S.-style leveraged financings. She comes to McGuireWoods from King & Wood Mallesons, where she was a partner.

Lorraine is the third partner to join the London office since February, following debt finance partner Jennifer Kafcas and M&A partner Jeremy Davis. These hires are key to McGuireWoods’ strategic growth in London.

Vaz brings deep knowledge of the leveraged finance market and an established reputation in her field. Able to work on both lender and borrower financings, her clients include banks, debt funds and other financial institutions, as well as private equity sponsors. Her in-depth experience includes domestic and cross-border financings across the credit spectrum, from large to mid-market leveraged and acquisition finance deals. She also advises on public bid finance, workouts, restructurings and funds finance.

McGuireWoods boasts one of the largest finance law practices in the U.S. and includes a highly respected debt finance team in London. With lawyers in key financial hubs such as London, New York, Atlanta, Charlotte, San Francisco, Chicago and Los Angeles, the firm has handled domestic and cross-border commitments exceeding $100 billion in each of the past two years. Clients include many leading global banking and financial institutions, as well as the top 100 asset managers in the United States.

“Lorraine’s wealth of knowledge of London leveraged finance markets opens a world of opportunity for McGuireWoods to satisfy the continuing movement toward U.S.-style leveraged finance in the United Kingdom,” said Raj Natarajan, chair of the firm’s Debt Finance Department. “Institutionally, McGuireWoods is built to fill that void.”

“With her cutting-edge practice and cross-border experience assisting clients in sophisticated financing deals, Lorraine is integral to replicating in London the success McGuireWoods already enjoys as a market leader in the U.S. for debt finance deal work,” said Daniel Peyton, managing partner of the London office. “Lorraine represents another important chapter in the continuing strategic growth of McGuireWoods London.”

“McGuireWoods’ finance practice in the U.S. is outstanding, and the debt finance practice is consistently ranked in the top tier. I am eager to help build the leveraged finance team in London, and to work with the firm’s deep transactional practice to continue the firm’s strategic growth in Europe,” Vaz said.

For the past six years, McGuireWoods has ranked among the top 10 U.S. law firms in Thomson Reuters Loan Pricing Corp.’s year-end U.S. Lender Legal Advisor rankings. 2017 marks the third consecutive year in which McGuireWoods has been singled out as a leader in banking and finance by “Best Law Firms.” The firm was named “Law Firm of the Year” for banking and finance litigation in 2016 and “Law Firm of the Year” for banking and finance law in 2015 and 2017, underscoring McGuireWoods’ well-established strength advising financial institutions in corporate and litigation matters. In addition, this year the firm had 19 lawyers listed in banking and finance law in The Best Lawyers in America, the most of any firm in the U.S. 

McGuireWoods London LLP operates in affiliation with McGuireWoods LLP, a limited liability partnership registered in the United States, as part of a closely integrated international legal practice. McGuireWoods LLP is a leading international law firm with more than 1,000 lawyers in 23 offices worldwide. It ranks among the top 10 law firms in the Financial Times’ prestigious North America Innovative Lawyers report. The firm has been recognized 11 times on BTI Consulting’s “Client Service A-Team” — elite firms singled out for client service excellence based on unprompted feedback from clients in major companies. Its full-service public affairs arm, McGuireWoods Consulting LLC, offers infrastructure and economic development, strategic communications and grassroots advocacy, and government relations solutions. For more information, visit www.mcguirewoods.com.

1,000 lawyers | 23 offices | www.mcguirewoods.com

 

View original content:http://www.prnewswire.com/news-releases/new-partner-lorraine-vaz-strengthens-debt-finance-practice-of-mcguirewoods-london-300492937.html

SOURCE McGuireWoods London LLP

L2 Report Reveals How Indie Brands Are Steering the Future of Digital Marketing Within the Hair Care and Color Category

Logo

L2 Report Reveals How Indie Brands Are Steering the Future of Digital Marketing Within the Hair Care and Color Category

PR Newswire

NEW YORK, July 24, 2017 /PRNewswire/ – Digital benchmarking firm L2 Inc releases its 5th annual Digital IQ Index Report: Hair Care & Color 2017.

L2 Inc.

The L2 report benchmarks the digital performance of 91 Hair Care and Color brands across both Consumer and Professional product segments. The report identifies key digital strategies and best practices for brands to succeed amidst evolving shopping habits and search behaviors of the hair care consumer. The L2 Digital IQ Index methodology examines a brand’s strengths and weaknesses across the four digital dimensions of Site and E-Commerce, Digital Marketing, Social, and Mobile. Index brands are classified as either Genius, Gifted, Average, Challenged, or Feeble.

“Established Hair Care and Color players such as L’Oréal and Garnier continue to prioritize their digital investments, earning the top spots in this year’s Index,” explained Giulia Prati, Associate Director of Beauty Research at L2. “However, brash indie players are challenging heritage brands, who in lieu of large budgets, are rapidly gaining market share and consumer loyalty by taking a mobile-first approach to digital, exploring new growth channels, focusing on savvy social media strategies, and forging unique partnerships.”

Key Findings from L2 Report:

Smarter Search: Just 40 percent of Google Hair Care searches specify a brand, down from 44 percent the year before. Instead, consumers are actively researching products specific to their hair type, gender, ethnicity and by product ingredients, as searches for Tea Tree, Coconut Milk, and Keratin climbed to new heights in June 2017 representing 100, 67, and 54 percent of Indexed Google search volume.

Reimagined Distribution: Ulta leads the way for online shopping when it comes to Salon brands (58 percent), while Target dominates the digital distribution for Consumer brands (80 percent). However, the line between consumer and professional brands continues to blur as 28 percent of Salon brands and 58 percent of consumer brands now distribute on Amazon.

Mobile First: Mobile site optimization has become table stakes for hair care and color brands, with 96 percent of tracked brands having mobile-optimized sites, up from 87 percent last year. Indie brands have been quick to connect with consumers through mobile-first content and features: 29 percent of tracked indie brands offering DTC e-commerce integrate live chat into their mobile experiences, versus only 15 percent of other Index brands.

The report features case studies on brands including but not limited to: Aveda, L’Oréal, Nexxus Olaplex, Ouai, Redken, and Suave.

To access a complete media-only copy of L2’s Intelligence Report: Loyalty 2017, contact

johanna.azis@l2inc.com

About L2
L2 benchmarks the digital performance of over 2,200 brands across 12 industries globally. The L2 Digital IQ Index is the global standard for measuring digital competence. We analyze 1,250 data points to provide brands with actionable, data driven insights on their digital performance.

View original content with multimedia:http://www.prnewswire.com/news-releases/l2-report-reveals-how-indie-brands-are-steering-the-future-of-digital-marketing-within-the-hair-care-and-color-category-300492920.html

SOURCE L2

IOC commitments to cost reduction require further examination

CALGARY, ALBERTA–(Marketwired – July 24, 2017) – The Calgary Bid Exploration Committee (CBEC) delivered its recommendation on the feasibility and prudence of bidding on the 2026 Olympic and Paralympic Winter Games to Calgary City Council this morning. Within its report, CBEC developed a feasible Games concept and an independently verified budget estimate. However, recent International Olympic Committee (IOC) process and timeline changes have introduced new factors that have not yet been included within the exploration and could have significant effects.

When it comes to the question of feasibility, CBEC’s members arrived at an unconditional “yes” conclusion. The concept developed by CBEC contains realistic cost estimates, an accurate representation of what venues and accommodations could be available by 2026, an appropriate security framework to minimize risk, and a compelling vision that aligns with Calgary’s Triple Bottom Line policy. All of these factors led to a confident “yes” in regard to whether Calgary can functionally host the 2026 Olympic and Paralympic Winter Games.

Whether Calgary should bid on the Games is a different question that became more complex over the last several weeks. In mid-July, the International Olympic Committee (IOC) made significant changes to its candidature processes and timelines. The IOC also offered to support Calgary in reducing its forecasted operational costs after CBEC’s initial findings presentation to Council on June 19th. In addition, the new Host City Requirements from the IOC have yet to be released, which will contain information that will be critical to the City’s deliberation and could also present material changes to CBEC’s current proposed concept.

“Our Committee found that the answer to the question of feasibility – “Can we host the Games?” – is clearly yes,” said Rick Hanson, CBEC Chair. “But the question of “Should we bid?” requires more work in light of new information.”

The existing value of CBEC’s work is considerable in having developed a comprehensive Games concept, estimated budget and a detailed assessment of existing infrastructure required to host a Winter Games. There are, however, some outstanding pieces of information from the IOC that should be added to the concept to ensure due diligence around any associated potential cost savings. Added clarity to host city commitments and changes to the economic model should also provide all three levels of government with more information to help them decide on whether to support a potential bid.

“We believe the potential economic and social benefits of hosting the Games are significant enough to warrant careful consideration of a bid, but we need to ensure we have all available information to make an informed decision. With the support from Calgarians and community and sport organizations, hosting the Games could galvanize an existing spirit of volunteerism and provide opportunities for a new, more diverse generation of Calgarians to get involved,” said Hanson. “We need to take the time to apply the new information from the IOC and fully understand how these changes will impact our existing concept, and more accurately identify what the true benefits for Calgarians could be.”

Due to the importance of ensuring all relevant information is included in the decision making process, CBEC recommends further exploration of a potential Calgary bid be undertaken to assess the prudence of a bid. CBEC recommends City Council to direct City Administration, in consultation with CBEC, to develop a plan on how to determine if the outstanding questions can be satisfied and report back at the September 11, 2017 Council meeting.

ATTACHMENTS:

Contact Information:
Calgary Bid Exploration Committee
Sean Beardow
Communications Manager
403 909 8498
sean.beardow@calgarybec.ca