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Firmwide Corporate Department Chair Joseph P. Gromacki is featured on the cover of Crain’s Chicago Business in an article that discusses the firm’s strategic objective to grow the firm’s Corporate Department. “Gromacki, 50, a dealmaker and arts patron whom one client calls ‘a true gentleman of the law,’ is the face of the Chicago-based firm’s long quest to even out the imbalance between its litigation and corporate practices,” the article notes.
Crain’s highlights the firm’s strategic focus on growing the Corporate and Transactional practices, noting that the practice has expanded from 24 lawyers to 50 since Mr. Gromacki joined the firm more than a decade ago and that 20 of the 69 lateral partners the firm has hired since 2007 have been corporate lawyers. In the past month alone, Alan B. Roth and Christopher J. Douglass have joined the firm as private equity partners in Chicago and Neil Cummings joined as a corporate finance partner in Los Angeles. The article explains how Mr. Gromacki discusses the firm to potential lateral recruits: playing up the chance to play a meaningful role in developing the practice, for example, by cross-selling services to litigation clients.
Earlier this year, Mr. Gromacki was recognized by The American Lawyer as one of 2015’s Dealmakers of the Year for his representation of Archer Daniels Midland in its $1.3 billion sale of its global cocoa business to Olam International and the $440 million sale of its global chocolate business to Cargill. The 2015 recognition marks the third time in Mr. Gromacki’s career that he has been recognized by The American Lawyer for this award. In 2011, he was recognized as a Dealmaker of the Year for his representation of General Motors in connection with its $23.1 billion IPO in 2010. He was also named a Dealmaker of the Year in 2008 for his representation of Sam Zell in the Tribune Company’s $8.2 billion going-private transaction in 2007.