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					   CHAMBERS & PARTNERS
              LEGAL PUBLISHERS




CHAMBERS

USA
  America’s Leading
 Lawyers for Business




              2010
The Client’s Guide

w w w. c h a m b e r s a n d p a r t n e r s . c o m
BUTLER RUBIN SALTARELLI & BOYD LLP
is ranked in Chambers USA 2010 as follows:
ILLINOIS
BANKRUPTCY/RESTRUCTURING
 Bankruptcy/Restructuring                                      Other Notable Practitioners
 Leading Individuals                                           Litigation boutique Butler Rubin Saltarelli &                Of counsel Gerald Munitz also continues to
                                                               Boyd LLP is home to two recognized bankrupt-                 earn the respect of the market. “Everybody knows
 Senior Statesmen
 Munitz Gerald F Butler Rubin Saltarelli & Boyd LLP ★          cy practitioners. Neal Wolf has been                         him and so the minute he gets involved, we get
                                                               representing unsecured creditors in the Hart-                results,” admiring clients say.
 Band 4
                                                               marx Chapter 11 and is described as an “effective
 Wolf Neal L Butler Rubin Saltarelli & Boyd LLP ★
                                                               strategist who acts with poise in the courtroom.”


INSURANCE

 Insurance: Dispute Resolution:                                Butler Rubin Saltarelli & Boyd LLP
 Reinsurance                                                   THE FIRM Butler Rubin is renowned as one of                  his peers. Robert Hermes has more than 30
 Leading Firms                                                 the leading reinsurance firms in Chicago, with               years’ experience in reinsurance disputes, in
                                                               talent from senior partner to associate level. It            matters such as placement disclosures, claims
 Band 1
                                                               has more than 15 trial lawyers involved in rein-             handling and allocation of settlements. Ira Bel-
 Butler Rubin Saltarelli & Boyd LLP ★
                                                               surance disputes concerning insurers,                        cove is acknowledged for his experience in
 Leading Individuals                                           underwriting agencies and claims managers.                   reinsurance arbitration, particularly in matters
                                                               Work highlights include counseling Liberty                   involving environmental and asbestos claims.
 Star individuals
                                                               Mutual Insurance in a case pitting the workers’              Douglass Bond is another highly experienced
 Rubin James I Butler Rubin Saltarelli & Boyd LLP ★
                                                               compensation industry against insurance giant                attorney in the firm’s reinsurance practice.
 Band 2
                                                               AIG. Clients admire the firm’s deep level of                 Catherine Isely has vast expertise in disputes
 Hermes Robert N Butler Rubin Saltarelli & Boyd LLP ★
                                                               expertise and highly responsive lawyers.                     involving toxic tort, claims handling and bad
 Band 3                                                        Sources Say: “I’m impressed with the group from              faith allegations. Julie Rodriguez Aldort is
 Belcove Ira J Butler Rubin Saltarelli & Boyd LLP ★            top to bottom; the associates are very smart and             admired for her ability to marry legal under-
 Bond R Douglass Butler Rubin Saltarelli & Boyd LLP ★          know the business as well as I do.”                          standing with excellent business sense.
 Isely Catherine Butler Rubin Saltarelli & Boyd LLP ★          KEY INDIVIDUALS One client calls James
 Up-and-coming individuals                                     Rubin “the most impressive litigator I have ever
 Rodriguez Aldort Julie Butler Rubin Saltarelli & Boyd LLP ★   seen,” and this sentiment is shared by many of




Leaders
BELCOVE, Ira J                                 Career: A Member of the Management             pretation of sublimits, termination claus-    BOND, R Douglass
Butler Rubin Saltarelli & Boyd LLP,            Committee at Butler Rubin, Ira has more        es, and other provisions found in finite      Butler Rubin Saltarelli & Boyd LLP,
Chicago                                        than 20 years of experience in complex         reinsurance treaties. He has also litigated   Chicago
312 696 4462                                   business litigation, and his practice focus-   direct coverage disputes, and represents      312 696 4458
ibelcove@butlerrubin.com                       es on reinsurance arbitration and              credit insurers in suits brought by or        dbond@butlerrubin.com
  Recommended in Insurance (Illinois)          insurance coverage litigation. He has          against banks and other lenders. In addi-       Recommended in Insurance (Illinois)
Practice Areas: Business litigation,           tried numerous disputes involving tradi-       tion, Ira has testified before the High       Practice Areas: Reinsurance litigation
including reinsurance arbitration and          tional and finite reinsurance, addressing      Court of Justice as an expert witness on      and arbitration; complex commercial liti-
insurance coverage litigation, insurance       such issues as the consolidation of arbi-      aspects of US insurance law. He joined        gation.
insolvency, and appellate.                     trations arising out of multiple treaties,     Butler Rubin after clerking for the Hon.      Professional Memberships: Doug
Professional Memberships: Ira Bel-             the aggregation of asbestos claims and         Bernard M Decker of the US District           Bond is a Member of ARIAS-U.S. and
cove is a Member of ARIAS-U.S. He has          the number of occurrences in other envi-       Court for the Northern District of Illi-      was a featured speaker at its 2008 Spring
been a speaker at numerous industry            ronmental claims, the insurability of          nois, and practicing for several years at     Conference.
programs, including ARIAS, Mealey’s            claims for punitive damages, the notice        Mayer Brown.                                  Career: Doug is a Partner in the reinsur-
Insurance Insolvency and Reinsurance           required for termination of an MGA             Personal: JD, University of Chicago Law       ance and complex business litigation
Roundtable, Reinsurance Association of         agreement, the interpretation of guaran-       School, 1987. BA, summa cum laude,            practice groups at Butler Rubin. He has
America, and American Conference               teed minimum death and income benefit          Columbia University, 1984.                    20 years of experience in reinsurance law,
Institute.                                     reinsurance agreements, and the inter-                                                       representing both ceding companies and
                                                                                                                                            reinsurers. Doug has handled a wide vari-
                BUTLER RUBIN SALTARELLI & BOYD LLP
ety of cases, including disputes with         accounting for premiums and losses. Bob       Practice Areas: Business reorganiza-          claims, coverage for punitive damages,
respect to managing general agencies, the     has provided reinsurance advice to insur-     tion, bankruptcy and insolvency.              allocation of retrospectively-rated premi-
disclosure of information during place-       ance company clients who are involved in      Professional Memberships: Gerald              um, and allegations of late notice, bad
ment, the authority of the broker to act      the large asbestos bankruptcies.              Munitz is a Conferee of the National          faith, and poor claims administration.
for another, pre-hearing security, allega-    Personal: JD, DePaul University Law           Bankruptcy Conference, a Fellow of the        Her reinsurance matters have addressed
tions of fraudulent transfer, ceding          School, 1979, Editor-in-Chief, DePaul         American College of Bankruptcy, and a         contracts covering a variety of risks,
company insolvencies, the arbitrability of    University Law Review, 1978-79. BA,           Member of the Lawyers’ Club of Chicago.       including workers compensation,
disputes, sovereign immunity claims, the      Indiana University, 1976.                     Career: Jerry’s practice has focused          builders risk, directors and officers liabili-
scope of reinsurance agreements, and the                                                    exclusively on commercial insolvency          ty, and construction defect. Julie also
reasonableness of claim settlements and       ISELY, Catherine                              law, including the representation of          handles an array of commercial litigation
                                              Butler Rubin Saltarelli & Boyd LLP,
loss allocations.                                                                           debtors, secured creditors, unsecured         matters, including disputes regarding
                                              Chicago
Publications: Doug is the co-author of        312 696 4472                                  creditors, committees, and lessors and        trademark infringement, trade secrets,
“Pre-Hearing Disqualification of Arbitra-     cisely@butlerrubin.com                        purchasers of property of the estate in       and restrictive covenants. She has also
tors,” published in Mealey’s Litigation         Recommended in Insurance (Illinois)         out of court restructurings and bank-         been engaged in contract disputes regard-
Reports: Reinsurance and “Post-Arbitra-       Practice Areas: Complex business and          ruptcy cases. He advises and litigates        ing investor rights, mortgage seller
tion Discovery: When Are Arbitrators          reinsurance litigation and arbitration.       disputes involving adequate protection,       liability, and commercial leases. Julie
Subject to Depositions” published in the      Professional Memberships: Cather-             the use and sale of estate property,          began her legal career as a litigation asso-
ARIAS-U.S. Quarterly.                         ine Isely is an active Member of              obtaining credit, executory contracts and     ciate at Wilmer Cutler & Pickering in
Personal: JD, cum laude, University of        ARIAS-U.S., presenting at its 2008 Fall       leases and prosecutes and defends prefer-     Washington D.C. and then served as Law
Michigan Law School, 1990, Articles Edi-      Conference and Annual Meeting and co-         ence, fraudulent transfer, lender liability   Clerk to the Hon. Joan B Gottschall, U.S.
tor, Michigan Law Review, 1989-1990.          chairing the Fall 2009 ARIAS-U.S.             and equitable subordination actions. In       District Court, Northern District of Illi-
MA, University of Chicago, 1985. BA,          Conference and Annual Meeting. She has        Chapter 11 cases, Jerry’s experience          nois. After her clerkship, she worked as a
highest honors, Middlebury College, 1977.     spoken about allocation, aggregation and      ranges from the need to commence the          litigation associate at Jenner & Block.
                                              occurrence issues at a reinsurance claims     case to the proposal and confirmation of      Publications: She has published articles
HERMES, Robert N                                                                            consensual and cram down plans. Before        in Corporate Counsel Magazine.
                                              management seminar held by the Rein-
Butler Rubin Saltarelli & Boyd LLP,
                                              surance Association of America.               joining Butler Rubin, Jerry was associated    Personal: JD, cum laude, University of
Chicago
312 696 4445                                  Career: Catherine is a Partner in Butler      with Winston & Strawn and Nachman,            Michigan Law School, 1998, Contribut-
rhermes@butlerrubin.com                       Rubin’s Reinsurance Practice Group. She       Munitz & Sweig. In 2004, Jerry was            ing Editor, Michigan Law Review,
  Recommended in Insurance (Illinois)         has extensive experience before courts        named a “Bankruptcy Legend” by the            1995-97, Notes Editor, Michigan Journal
Practice Areas: Complex business and          and arbitration panels litigating the allo-   National Conference of Bankruptcy             of Race and Law, 1996-97. MS, Conserva-
reinsurance litigation and arbitration.       cation of environmental and toxic tort        Judges for his significant contributions to   tion Biology, University of Michigan,
Professional Memberships: Robert              settlements, as well as disputes related to   the administration of bankruptcy law. He      1998, Rackham Merit Fellowship. BA,
Hermes is a Member of ARIAS-U.S. and          claims handling, bad faith allegations,       was previously named one of the 12 fore-      magna cum laude, Claremont McKenna
its Forms and Procedures Committee. He        pool membership rights and obligations,       most bankruptcy practitioners in the U.S.     College, 1994.
was active in developing ARIAS’ Practical     retrospectively-rated business, obligations   by The Wall Street Journal.
                                                                                            Publications: Jerry writes and lectures       RUBIN, James I
Guide to Reinsurance Arbitration Proce-       to follow settlements, obligations to post
                                                                                                                                          Butler Rubin Saltarelli & Boyd LLP,
dures. He is a frequent speaker on            security and interpretation of ultimate net   nationally on all aspects of commercial
                                                                                                                                          Chicago
reinsurance issues and has spoken at          loss, aggregate limit, definitive statement   bankruptcy law. His publications include      312 696 4443
Mealey’s and ARIAS programs, including        of loss, net retained lines, prompt notice,   Contributing Editor, Collier on Bank-         jrubin@butlerrubin.com
co-chairing the Fall 2008 ARIAS-U.S.          access to records, consent to settle and      ruptcy, 15th ed., Contributing Editor,           Recommended in Insurance (Illinois)
Conference and Annual Meeting.                arbitration clauses. She has also litigated   Collier on Bankruptcy Practice Guide,         Practice Areas: Complex business and
Career: Bob is one of the original            numerous product liability cases involv-      Contributing Editor, Bankruptcy Litiga-       reinsurance litigation and arbitration.
lawyers from Winston & Strawn to join         ing toxic torts and business and contract     tion Manual, and supplements to various       Professional Memberships: James
Butler Rubin at its inception. He is Co-      disputes, assisted in jury selection in       Practicing Law Institute bankruptcy pub-      Rubin is on the ARIAS-U.S. ethics and
Chair of Butler Rubin’s Reinsurance           Madison County asbestos cases and suc-        lications.                                    editorial committees and is a frequent
Practice Group and a member of the            cessfully argued before the Illinois          Personal: JD, University of Chicago Law       speaker on reinsurance issues at industry
firm’s Management Committee. He has           Appellate Court. She joined Butler Rubin      School, 1960. BA, University of Michigan,     programs. With two other industry rep-
more than 30 years of experience as a trial   in 1999, after three years as an associate    1955.                                         resentatives, he co-authored ARIAS’
lawyer in all aspects of reinsurance arbi-    with Kirkland & Ellis. She is a founding                                                    Code of Conduct for Arbitrators.
                                                                                            RODRIGUEZ ALDORT, Julie
tration/litigation and commercial             member and co-host of Butler Rubin’s                                                        Career: Jim is an experienced trial
                                                                                            Butler Rubin Saltarelli & Boyd LLP,
litigation, including jury and bench trials   annual Women in Reinsurance Program           Chicago                                       lawyer, having tried antitrust, environ-
in breach of contract and fraud actions,      (www.womeninreinsurance.com), an              312 696 4478                                  mental and reinsurance cases. He has
business torts, real estate transactions,     educational and networking series for         jaldort@butlerrubin.com                       represented insurance and reinsurance
trade secret and restrictive covenants,       women arbitrators, business executives,         Recommended in Insurance (Illinois)         companies and reinsurance brokers in
insurance coverage disputes, antitrust        consultants and attorneys operating in the    Practice Areas: Reinsurance and com-          over 200 complex reinsurance disputes
and class actions. His appellate experi-      reinsurance industry.                         plex commercial litigation.                   and he counsels insurers and reinsurers
ence includes both state and federal          Personal: JD, Northwestern University         Professional Memberships: Women               regarding transactions, reinsurance
courts. Reinsurance experience includes       School of Law, 1996, Member, National         in Reinsurance; ARIAS U.S.; Member            wordings, and commutations. Jim’s expe-
disputes involving the scope and applica-     Trial Team, 1994-96. BA, Duke Universi-       APIW – Association of Professional            rience includes matters in litigation,
bility of arbitration clauses, placement      ty, 1988.                                     Insurance Women; Fellow – Litigation          arbitration and mediation, involving dis-
disclosures, claim handling, adherence to                                                   Counsel of America.                           parate issues such as the proper allocation
underwriting guidelines, retrospectively      MUNITZ, Gerald F                              Career: Julie Rodriguez Aldort concen-        of losses, fraud, contract interpretation,
                                              Butler Rubin Saltarelli & Boyd LLP,
rated business, obligations to follow set-                                                  trates her practice in complex business       finite contract disputes, the authority of
                                              Chicago
tlements, allocation of settlements,          312 444 9660                                  disputes, with an emphasis on reinsur-        agents, the conclusiveness of commuta-
obligations under surplus share reinsur-      gmunitz@butlerrubin.com                       ance and commercial litigation. Her           tions, brokerage and claims by and
ance contracts, excess of loss contracts,       Recommended in Bankruptcy/Restructur-       significant reinsurance experience before     against companies in receivership or
application of ultimate net loss and net        ing (Illinois)                              courts and arbitration panels includes        operating under schemes of arrange-
retained line clauses, clash covers, and                                                    disputes regarding allocation of latent       ment. In 2007 and 2008, Lawdragon
BUTLER RUBIN SALTARELLI & BOYD LLP
named Jim one of America’s Leading 500     WOLF, Neal L                                 trustees, lessors, and purchasers of stock      among 100 Bay Area Superlawyers (2002-
Lawyers after an intense search for the    Butler Rubin Saltarelli & Boyd LLP,          or assets of insolvent entities. Neal’s com-    06), Illinois Superlawyers (2006-09), and
nation’s best lawyers in more than 80      Chicago                                      mercial litigation experience has included      in The Best Lawyers in America (all pub-
practice areas. Legal Media Group named    312 696 4447                                 the successful trial and arbitration of         lished editions).
him one of America’s top 25 pre-eminent    nwolf@butlerrubin.com                        cases involving the Uniform Commercial          Publications: Neal is the author of
Insurance & Reinsurance practitioners in     Recommended in Bankruptcy/Restructur-      Code, lender liability, fraudulent con-         numerous articles for Corporate Counsel
its Guide to the World’s Leading Lawyers     ing (Illinois)                             veyance, partnership, securities, business      Magazine on bankruptcy law and related
- Best of the Best USA 2009.               Practice Areas: Business reorganiza-         tort, and contract issues. These trials have    topics, with other recent publications
Personal: JD, Loyola University Law        tion, bankruptcy and insolvency.             resulted in a number of reported deci-          including a series of articles on fraudu-
School, 1971, Member, Loyola University    Professional Memberships: Fellow,            sions from the United States District           lent conveyance law, inter-creditor
Law Review, 1970-71. AB, University of     American College of Bankruptcy.              Court and United States Court of                disputes in bankruptcy, sales under sec-
Illinois, 1967.                            Career: Neal Wolf focuses his practice in    Appeals. In recent years, Neal has also         tion 363 of the Bankruptcy Code, the
                                           the areas of bankruptcy, business reorga-    represented a large, national insurance         new bankruptcy statutes of the People’s
                                           nizations, workouts, and commercial          company in multiple highly-disputed             Republic of China, and the changing
                                           litigation. His diverse insolvency and       rate regulation cases. Working closely          complexion of chapter 11.
                                           bankruptcy practice has involved the rep-    with expert actuaries and economists, he        Personal: JD, University of Chicago Law
                                           resentation of secured and unsecured         has tried two of these cases in the states of   School, 1974. AB, magna cum laude,
                                           creditors, creditors’ committees, debtors,   Alabama and California. Neal was listed         Princeton University, 1970.
               BUTLER RUBIN SALTARELLI & BOYD LLP
THE FIRM                                                                                 HEAD OFFICE
Managing Partner: The firm is governed by a four-person management                       ILLINOIS
                                                                                         70 West Madison Street, Suite 1800, Chicago, IL 60602
committee.
                                                                                         Tel: 312 444 9660 Fax: 312 444 9287
                                                                                         Website: www.butlerrubin.com
Number of Partners: 22
Total Lawyers: 35
                                                                                         CONTACTS
FIRM OVERVIEW: Formed in 1980, Butler Rubin Saltarelli & Boyd LLP is a
                                                                                         Antitrust & Competition Law..............................................James A Morsch
Chicago-based litigation boutique with a national reputation in the core prac-           Business Reorganization, Bankruptcy & Insolvency ............Neal L Wolf
tice areas of reinsurance and commercial litigation, including antitrust, compe-         Class Action ................................Albert E Fowerbaugh Jr, Michael R Hassan
tition law and opt-out antitrust litigation; business reorganization, bankruptcy         Complex Business Disputes ............Robert N Hermes, Gerald G Saltarelli
and insolvency; class action and products liability and mass tort matters. The           Products Liability & Mass Tort ................................................Karen M Borg
firm works throughout the United States and abroad. From representing clients            Reinsurance ..................................................Robert N Hermes, James I Rubin
in international reinsurance disputes in London to representing clients in              or merger, and its experience includes tracking and analyzing complex corporate
antitrust cases in the United States, the firm’s practice is diverse and its approach   histories, applying successor liability rules to limit exposure, developing strate-
innovative. Butler Rubin is always looking for new and more efficient ways to           gies to limit liabilities and maximize insurance assets, and providing oversight
partner with clients. Whether it is through its award-winning Client Service            and quality control as national counsel.
Program or its long-standing policy of not passing internal costs on to clients,
Butler Rubin distinguishes itself from other law firms. At the firm’s inception, a      Reinsurance: Representing domestic and foreign clients in complex reinsurance
group of partners from one of the nation’s largest law firms left to form a differ-     disputes involving areas such as underwriting, scope and applicability of arbitra-
ent type of law firm. The original concept continues – a firm where the needs           tion clauses, placement disclosures, claim handling, retrospectively rated business,
of clients serve as the guiding force, where a smaller environment promotes             obligations to follow settlements, allocation of settlements, obligations under
demonstrated teamwork and true collaboration, and where an elite corps of               surplus share reinsurance contracts, excess of loss contracts, application of ulti-
lawyers practices together.                                                             mate net loss and net retained line clauses, accounting for premiums and losses,
                                                                                        agency, insolvency and finite reinsurance, and credit and mortgage insurance and
MAIN AREAS OF PRACTICE:                                                                 reinsurance. The firm’s attorneys are immersed in the intricacies of reinsurance
Antitrust & Competition Law: Serving as antitrust counselors as well as litiga-         custom and practice and the commercial relationships upon which participants
tors for over 30 years, including serving as counsel for the plaintiff in the ground-   in the industry depend. In 2004, Butler Rubin created Women in Reinsurance                TM


breaking Spray-Rite v Monsanto case. The firm helps clients successfully resolve        (WIR ) to discuss how the reinsurance industry was evolving and how women
                                                                                              TM


a wide variety of disputes with customers, suppliers and distributors and its repre-    could play a dynamic role in the future of the field. WIR regularly sponsors
                                                                                                                                                             TM


sentation of large purchasers in the burgeoning area of opt-out antitrust litigation    events of interest to professional women in the reinsurance industry and fosters
have earned Butler Rubin an enviable reputation. The firm’s representation of           networking and information sharing. (www.womeninreinsurance.com)
manufacturers who sell their products through distributors has helped those             Diversity Efforts: The firm is a founding member of the Small Firm Diversity
businesses avoid expensive problems when those relationships change.                    Initiative in coordination with the Minority Corporate Counsel Association.
Business Reorganization, Bankruptcy & Insolvency: Representing debtors,                 The initiative sets forth written standards for promoting diversity in smaller law
committees of creditors, secured and unsecured creditors, lessors, lessees, state       firms, as well as mentoring and other commitments. In addition, the firm has
and federal court receivers, and purchasers of stock or assets in hundreds of           provided financial support to a number of minority law student groups and
bankruptcy cases, out of court restructurings, and insurance insolvency proceed-        awards a $10,000 renewable annual scholarship to a first-year law student, with
ings. The firm represents both petitioning creditors and debtors in involuntary         preference given to diverse candidates.
bankruptcy cases. The firm’s attorneys have played prominent roles in some of           Pro Bono: Since the firm’s inception, Butler Rubin has encouraged its lawyers to
the largest and most highly publicized bankruptcy cases in American history,            participate in projects that are pro bono publico, or for the public good. Each year,
have successfully tried many complex civil cases, and briefed and litigated virtu-      it commits to devoting at least 2% of billable time to pro bono matters and to
ally every issue that can arise under the Bankruptcy Code.                              getting more partners involved in this work. The firm prides itself on using its
Class Action: Representing clients in all types of class action disputes. The firm’s    noted litigation expertise to satisfy the unmet legal needs of the Chicago commu-
attorneys have successfully defended insurers and financial institutions in             nity and it gives full billable hour credit to time spent by the firm’s attorneys on
nationwide class action lawsuits brought under the securities and antitrust laws        pro bono matters. As one of the few firms its size to sign the Pro Bono Initiative’s
as well as federal consumer protection and state consumer fraud statutes. It has        Statement of Principles, Butler Rubin is proof that no law firm or corporation is
also represented manufacturers and distributors in high-stakes class actions, as        too large or too small to make a commitment to the provision of free legal services.
well as acting as national coordinating counsel and local counsel in class actions
at the federal and state courts at the trial or appellate levels.                       INTERNATIONAL WORK: A substantial portion of the firm’s reinsurance
Complex Business Disputes: Representing clients in large, complex business              matters and clients are international.
disputes (including shareholder derivative suits) throughout the United States.
As experienced trial lawyers, the firm’s approach to discovery is extremely             CLIENTS
focused, eschewing battles and discovery that are not essential to trial or favor-
able settlement. With more than 30 litigators and a sizeable support staff of           Butler Rubin tends to represent larger corporations, both public and private,
trained professionals, the firm has the depth and experience to efficiently handle      primarily in the sectors of insurance, manufacturing, real estate and services, and
complex disputes throughout the country.                                                works internationally. Domestically, the firm has represented clients in the courts
Products Liability & Mass Tort: Representing clients in jurisdictions across the        of over 35 states and before state and federal agencies, commissions and in arbi-
country in cases involving mass tort, products liability and other complex issues.      tration panels in more than 25 states.
The firm offers substantial experience in representing businesses with liabilities
associated with discontinued operations or those acquired through acquisition

				
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