Employee Benefits & Executive Compensation
USA Guide 2024 : Illinois
Band 1
Contact number
+1 312 372 2000About
Provided by McDermott Will & Emery LLP
Qualified retirement plans – We counsel clients to provide retirement benefits that meet organizational goals, address administrative concerns and meet complex IRS and DOL requirements.
Health and welfare plans – McDermott has the best and largest healthcare and employee benefits practices in the US, enabling us to offer dedicated health benefits specialists who advise numerous health and welfare plans.
M&A/private equity – We regularly advise M&A clients on acquisition/disposition transactions, involving complex benefits matters, including issue spotting and risk assessment in the due diligence process, planning for continued/post-transaction benefits and providing cohesive benefits to employees.
Executive compensation – Our Chicago lawyers handle a large amount of executive compensation work, advising public companies, compensation committees and management on employment/severance agreement negotiations to tax and securities compliance matters.
Employee Retirement Income Security Act (ERISA) litigation – Alongside advisory and transactional work, the group works on a significant amount of contentious employee benefits work, including litigation under ERISA.
Stand-alone practice – McDermott invests heavily in employee benefits as a stand-alone “power alley” for the firm. Clients come directly to the firm for employee benefits advice, and stand-alone clients generate most of our work in Chicago.
Chambers Review
McDermott Will & Emery LLP is admired for its breadth of expertise across a huge range of employee benefits and executive compensation issues, including retirement plans and fringe benefits. The firm is also hugely adept at handling all aspects of ERISA litigation and is regularly engaged to advise on issues concerning fiduciary and plan investment. It features deep experience in healthcare-related matters, including negotiating and restructuring retiree medical plans.
Work Highlights
- McDermott Will & Emery assisted the Chicago Symphony Orchestra in contract negotiations with musicians.
Strengths
Provided by Chambers
"The firm make benefits work and lengthy convoluted plan documents and matters easy to understand and respond to."
"McDermott Will & Emery always provides comprehensive responses to our questions and extra considerations that we may not have even thought of."
"The firm is well versed in the most up-to-date laws and provides timely and practical legal advice."
"The firm make benefits work and lengthy convoluted plan documents and matters easy to understand and respond to."
"McDermott Will & Emery always provides comprehensive responses to our questions and extra considerations that we may not have even thought of."
"The firm is well versed in the most up-to-date laws and provides timely and practical legal advice."
Notable Practitioners
Todd Solomon garners praise for his depth of knowledge in ERISA matters.
"Todd is very well versed in benefits law and related areas. He is a proactive strategist and clear-eyed risk assessor who addresses concerns head on."
"Todd is excellent, responsive and super knowledgeable, and has been very helpful to us."
Lisa Loesel is well versed in a wide range of employee benefits matters including health and welfare benefits and pensions related to corporate transactions. She is also regularly sought by clients to advise on ERISA issues.
"Lisa is one of the smartest people I have ever met, she does not forget anything."
Jacob Mattinson has significant expertise in advising clients on ERISA issues. He frequently counsels companies on health and welfare matters and retirement plans. His client list includes medical centers, financial services companies and healthcare systems.
"Jacob is very responsive and practical. He asks good questions, and engages with business and legal team members alike effectively."
Ranked Lawyers at
McDermott Will & Emery LLP
Illinois
Members
Provided by McDermott Will & Emery LLP