John (''Jack'') Wm. Butler, Jr.: Partner with Skadden, Arps, Slate, Meagher & Flom, LLP

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John (''Jack'') Wm. Butler, Jr.: Partner with Skadden, Arps, Slate, Meagher & Flom, LLP Powered By Docstoc
					PARTNER PROFILE                                                                                         www.lawcrossing.com      1. 800.973.1177
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                             John (“Jack”) Wm. Butler, Jr.: Partner with Skadden, Arps,
                             Slate, Meagher & Flom, LLP
                             [By Kenneth Davis]
                             John Butler’s motivation to enter the legal profession did not stem from a lifelong dream of one day becoming an attorney.
                             Rather, he went into law because of his father’s bad experiences with attorneys in business dealings.




“When I was a junior in college, my father,         International, Inc., Rite Aid Corporation,          “I like the opportunity of being able to help
who’s a businessman and entrepreneur, came          Wickes Furniture, and Xerox Corporation as          companies restructure and turn around their
to me and asked me to go into law,” Butler          well as special-counsel representations of          businesses,” he said. “And I really enjoy
said, “because he had spent many years and          360 Networks, Inc., Enron Corporation, and          helping people solve problems and transform
lots of money hiring professionals to work on       Warnaco Group, Inc.                                 businesses and sort of love the art of the deal.”
transactions and found that he was spending
                                                    He has led two of the largest Chapter 
most of the time telling them what to do as                                                             Butler attended the Woodrow Wilson School
                                                    business reorganizations in history-those
opposed to them giving advice. And he said,                                                             of Public and International Affairs at Princeton
                                                    of Kmart Corporation and US Airways-
‘You’ve been raised in a business family, and                                                           University, graduating magna cum laude
                                                    to successful conclusions in different
if you go into law and learn the technical stuff                                                        in 977. He then entered the University of
                                                    jurisdictions at the same time; the two
with your business background, you’ll have                                                              Michigan Law School and earned his law
                                                    companies ended up reemerging from
plenty of work to do down the line.’”                                                                   degree there in 980.
                                                    their bankruptcy-reorganization cases
                                                    within about 35 days of each other. His
His father was absolutely right. Butler is now a                                                        After law school, Butler practiced at two law
                                                    bankruptcy reorganization of US Airways
partner at esteemed international firm Skadden,                                                         firms in Detroit before joining Skadden Arps in
                                                    resulted in $.24 billion of new liquidity
Arps, Slate, Meagher & Flom, LLP, and is co-                                                            its Chicago office as a partner in 989 to help
                                                    for the airline. Kmart emerged from
leader of its worldwide corporate restructuring                                                         lead its corporate restructuring practice.
                                                    its reorganization having strengthened
practice, which serves corporations and their
                                                    its balance sheet and having reduced
principal creditors and investors by providing                                                          He explained why he joined Skadden Arps:
                                                    liabilities of $6 billion and new equity
value-added legal solutions in troubled-
                                                    investments of $387 million.
company mergers and acquisitions, financing,                                                            “I think that Skadden has the best platform,
and restructuring situations.                       Butler, who has specialized in corporate            client base, and collegial atmosphere of
                                                    restructuring throughout his career, discussed      lawyers working across offices and across
He has acted as lead counsel for sellers,           what he enjoys most about his job:                  disciplines to really provide upper-margin
purchasers, and creditors in hundreds of                                                                solutions to clients,” he said. “And that was
transactions across the Americas as well as           About Skadden, Arps, Slate, Meagher &             really exciting to me, and it’s been really
cross-border transactions in Asia, Australia,         Flom, LLP                                         exciting for the past 8 years.”
Europe, and the Middle East. Butler also              Skadden, Arps, Slate, Meagher & Flom was
advises officers and directors of public              founded in 948 and is one of the largest         Butler said that although he doesn’t teach
companies involved in debt restructuring on           and wealthiest law firms in the world. It         formally (“I’m not, like, an associate
matters relating to corporate governance and          is headquartered in New York City and has         professor anywhere”), he occasionally
fiduciary duty.                                       approximately ,95 attorneys in 22 offices.      speaks on corporate restructuring at law
                                                      The total number of employees is nearly           schools and has taught classes on how to
                                                      4,500. With $.6 billion in annual revenue,
His representative company matters have                                                                 problem solve in that arena. Butler has also
                                                      Skadden is the largest law firm in the U.S. in
included the restructurings of Delphi                                                                   participated in seminars that provided career
                                                      terms of revenue.
Corporation, Friedman’s, Inc., Haynes                                                                   advice for law students.


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“I really like the opportunity of being able to   context, I think it’s very important for the legal   ON THE NET
try to put in context how somebody can think      community to continue to be focused on pro
about career paths and think about their future   bono and public-interest commitments, to             Skadden, Arps, Slate, Meagher & Flom, LLP
in a wide variety of settings,” he said.          reach beyond ourselves-you know, sort of the         www.skadden.com
                                                  day-to-day business obligations we have-and
Butler discussed what he believes are some        make sure that the system itself remains             Princeton University
of the most important issues facing the           viable and protected and that we are able to         www.princeton.edu
legal community:                                  help people get access to legal services in all
                                                  aspects of economic ability.”                        Kmart Corporation
“I think constantly being able to make sure                                                            www.kmart.com
that you wake up every day and deliver            Butler was born and raised in Detroit, Michigan.
appropriate client services to your client is     He said he loves traveling and the theater.
important. I think being able to make sure
that in your practice you deliver real value to   Butler has also been featured in several legal
a transaction and to your clients is something    and business publications, including Financial
we think about every day, and I think that’s an   Times, The American Lawyer, and The National
important element. And in sort of a broader       Law Journal.




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Description: John Butler's motivation to enter the legal profession did not stem from a lifelong dream of one day becoming an attorney. Rather, he went into law because of his father's bad experiences with attorneys in business dealings.
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