Doug Raymond has been a corporate lawyer for 25 years and has been consistently singled out as among the top lawyers in his field by Chambers USA, "Best Lawyers in America" and the Legal 500. He has been described as "an excellent advisor who stands out for his practical and solution-oriented advice" and praised for his "excellent business sense and problem-solving abilities." He has also been endorsed by Practical Law Company. Doug was formerly a Managing Partner of the firm and served as the chairman of its Corporate and Securities Practice Group for over 10 years, stepping down recently to return to the full-time practice of law.
Much of Doug's work is transactionally focused - on mergers and acquisitions, securities offerings and joint ventures - and is driven by his relationships with his clients. Doug focuses on understanding his clients' businesses and industries, their objectives and how they want to achieve them. He is dedicated to helping his clients accomplish their goals, effectively and efficiently.
Doug also works extensively on matters of corporate governance for both public and private companies, and advises boards of directors and special board committees across a range of challenges from conflicts of interest and changes in control, to corporate investigations and risk management assessment.
Acquisitions and Divestitures. Doug has represented purchasers and sellers of a broad range of businesses from insurance to transportation. He has worked closely with strategic players and private equity firms in the insurance, retail, transportation, manufacturing and logistics industries.
Recent transactions on which Doug has been engaged include:
· A billion dollars of debt and equity offerings for an NYSE-listed insurance company.
· The acquisition for a global technology company of a logistics and services business.
· The acquisition from a private equity firm of a multi-line catalog retailer for a strategic buyer.
· Divestitures for a high tech company of a principal business segment.
· The acquisition of property and casualty insurance company.
· A dual track (IPO versus auction) process for a private equity seller of a global transportation and logistics company, culminating in the sale of the company.
· The acquisition of a media business for a strategic buyer in the magazine publishing and distribution space.
· A joint venture between a strategic and financial partner in the energy business.
· The acquisition of a national retailer for a strategic buyer.
· The acquisition of a large transportation and logistics company by a strategic buyer.
· A strategic seller of a sophisticated outsourcing business in the technology space.
· Private equity buyers in a consolidation of niche manufacturing companies in a highly specialized market.
Doug has extensive experience in auction processes, both as a buyer and a seller, and he has represented corporations in fending off hostile and other unwanted advances.
Securities Transactions. Whether public or private, securities transactions are often critical events in the life of a business. Doug has helped structure securities offerings in a wide variety of situations. In these transactions, he is able to draw on his experience in representing issuers as well as underwriters and initial purchasers, and on the firm's resources and experience in the federal and state securities laws. Doug also has represented issuers in self-tender offers, spin-offs and other recapitalizations. Recent transactions include representing issuers of public or 144A securities in the semiconductor, retail and insurance markets, as well as in transportation, automotive and manufacturing.
In addition to counseling his clients in connection with securities issuances, he has a considerable history in the securitization of financial assets.
In General. Following college, Doug worked as a commercial lender. After receiving his J.D. from the University of Pennsylvania Law School magna cum laude, Doug clerked for Judge Walter K. Stapleton on the United States Court of Appeals for the Third Circuit. Doug graduated from Harvard College with a degree in classics and is a member of the boards of directors of the Philadelphia History Museum and National Community Capital Advisors.
Publications
3/30/2012, "Be Good"
Directors & Boards
Doug Raymond
12/1/2011, "Take a Long Look in the Mirror"
Directors & Boards
Doug Raymond
10/6/2011, Securities Update
Bradley Andreozzi, Jennifer Card, Eric Marr, George McKann, Doug Raymond, Kimberly Rubel
9/1/2011, "Separation Anxiety"
Directors & Boards
Doug Raymond, Antonia Scholz
8/1/2011, "Deal Dynamics With Controlling Shareholders"
Directors & Boards
Doug Raymond
5/20/2011, "Conflicted Advisors Causing Trouble"
Directors & Boards
Doug Raymond, Peter Wolf
3/1/2011, "Holding Back the Tide of M&A Litigation"
Directors & Boards
Doug Raymond
12/23/2010, Securities Update
Troy Calkins, Matthew McDonald, Jennifer Card, Bree Archambault, Robert Juelke, Laura Hemm, Doug Raymond, Elizabeth Diffley
12/1/2010, "Will You be Ready When the Whistle Blows?"
Directors & Boards
Doug Raymond
10/6/2010, Securities Update
Troy Calkins, Doug Raymond, Elizabeth Diffley, Kimberly Rubel, Bree Archambault, Eric Marr
10/1/2010, "Director Elections Get a Shake Up"
Directors & Boards
Doug Raymond
9/1/2010, "The Duty to Update Forward-Looking Statements: A Cautionary Tale Emerges from the Second Circuit Court of Appeals"
Financial Fraud Law Report
Doug Raymond, Eric Marr
8/6/2010, "Procedural Safeguards in a Buyout Get a Boost"
Directors & Boards
Doug Raymond
6/30/2010, Securities Update
Laura Hemm, Robert Juelke, Eric Marr, Matthew McDonald, George McKann, Doug Raymond
5/4/2010, "Considering ILPA Private Equity Principles"
Law360
Joshua Deringer, Neil Haimm, Doug Raymond
5/1/2010, Directors & Boards
Doug Raymond, John Moore
5/1/2010, Directors & Boards
Doug Raymond
5/1/2010, Directors & Boards
Doug Raymond
4/19/2010, Sponsors and Investors Should Consider ILPA Private Equity Principles
Private Equity Alert
Joshua Deringer, Neil Haimm, Doug Raymond
12/15/2009, The Poison Proxy Put Gets a Pushback
Directors & Boards
Doug Raymond
7/1/2009, When Preferred and Common Collide
Directors & Boards
Doug Raymond, Luc Attlan
5/15/2009, Repricing challenges
Directors & Boards
Doug Raymond
2/23/2009, Uncertain Trends in Loss Contingencies
Corporate Memorandum
Doug Raymond, Elizabeth Diffley
2/13/2009, Invitation to mischief by minority shareholders
Directors & Boards
Doug Raymond
2/11/2009, Ninth Circuit Decision Reminds Issuers Of Potential Liability For Statements In Exhibits To SEC Disclosure Reports
Corporate Alert
Doug Raymond
12/1/2008, Risky Business: Systematic Approach to Managing Risk
Boardroom Briefing: The Board Consultants Issue 2008
Doug Raymond
10/1/2008, Acting badly...but without bad faith
Directors & Boards
Doug Raymond
9/22/2008, Hedge Funds: The Fight for Control
Boardroom Briefing: The Legal Issue 2008
Doug Raymond
9/1/2008, Your Stockholders Are Calling
Directors & Boards
Doug Raymond
3/21/2008, Legal Brief - Inadvertent Disclosure
Directors & Boards
Doug Raymond
3/3/2008, A Lesson in Contract Drafting and Negotiation Practices
The Legal Intelligencer
Doug Raymond
1/1/2008, Balancing acts
Directors & Boards
Doug Raymond
11/5/2007, Opening the Door to Shareholder Proposals
Directors & Boards
Doug Raymond
9/1/2007, Don't run from the 'Just for Feet' finding
Directors & Boards
Doug Raymond
6/11/2007, Special Committees-First Do No Harm
Boardroom Briefing - Directors & Boards
Doug Raymond
4/19/2007, The Core Function: Guidance or compliance?
Directors & Boards
Doug Raymond
12/5/2006, Legacy Programs and Director Independence
Directors & Boards
Doug Raymond
5/1/2006, Going Dark
Directors & Boards
Doug Raymond
1/15/2006, Deepening insolvency adds to board challenges
Directors & Boards
Doug Raymond
12/23/2005, Advisory Committees for the Pre-IPO Company
Directors & Boards
Doug Raymond
10/31/2005, Is it Time for a Majority Voting Standard?
Directors and Boards
Doug Raymond
7/25/2005, Independence and the private company board
Directors & Boards
Doug Raymond
4/22/2005, When should you call separate counsel?
Directors & Boards
Doug Raymond
1/24/2005, Has a dangerous shoe just dropped? What the 'Emerging Communication' case may mean for board members with specialized knowledge.
Directors & Boards
Doug Raymond
10/25/2004, Neither an auditor or an editor be: How directors should approach their role in reviewing periodic reports
Directors & Boards
Doug Raymond
8/16/2004, Process is No Substitute for Personal Engagement
Directors & Boards
Doug Raymond
5/10/2004, Oracle Speaks and the Bar is Raised
Directors & Boards
Doug Raymond
4/15/2004, Independent Directors on Portfolio Company Boards
Venture Guide
Doug Raymond
3/22/2004, Corporate Alert - SEC Adopts Additional Form 8-K Disclosure Requirements and Accelerated Filing Deadlines
Doug Raymond, Diana McCarthy
11/14/2003, Corporate Alert - SEC Proposes Rule to Increase Stockholder Access to Company Proxy Machinery
Doug Raymond, Diana McCarthy
8/29/2003, Where to turn for legal advice? Both inside and outside corporate counsel play an important role in advising the board of directors.
Directors & Boards
Doug Raymond
8/28/2003, Corporate Alert - SEC Proposes Disclosure Regarding Nominating Committee Functions and Shareholder Communications
Doug Raymond, Michael Jordan, Diana McCarthy
4/23/2003, Corporate Alert - SEC Clarifies the Mechanics of Submission of CEO and CFO Certifications Under Sarbanes-Oxley and Liability Thereunder
Doug Raymond
4/1/2003, A Notable Decision for Pennsylvania Employers and Employees
Corporate Alert
Doug Raymond, Neil Haimm
3/28/2003, Corporate Alert - Rules Relating to Disclosure of Non-GAAP Financial Measures and Filings of Earnings Releases Take Effect on March 28, 2003
Doug Raymond
2/24/2003, Corporate Alert - SEC Finalizes Rules Regarding Use of Non-GAAP Financial Measures, Disclosure of Off-Balance Sheet Arrangements and Contractual Obligations
Doug Raymond, Michael Jordan
1/24/2003, Corporate Alert - SEC Proposes Electronic Filing of Section 16 Reports
Doug Raymond, Michael Jordan
1/20/2003, Corporate Alert - SEC Proposes New Rule to Prohibit the Listing of Securities of Issuers Failing to Comply with the Audit Committee Requirements of Sarbanes-Oxley Act of 2002
Doug Raymond, Michael Jordan
12/6/2002, Corporate Alert - SEC Proposes New Rules Regarding Disclosure of Off-Balance Sheet Arrangements, Contractual Liabilities and Use of Non-GAAP Financial Measures
Doug Raymond
11/12/2002, Shareholder Approval of Equity Compensation Plans
Corporate Governance
Doug Raymond, Thomas Wood, Diana McCarthy
9/24/2002, Corporate Alert: SEC Adopts Rules Requiring The Establishment Of Disclosure Controls And Procedures And The Certification Of Disclosure In Companies' Quarterly And Annual Reports
Doug Raymond, Michael Jordan, Diana McCarthy
9/19/2002, Corporate Alert - SEC Finalizes Rules On Accelerated Filing Of Periodic Reports And Disclosure Of Website Access To Periodic Reports
Doug Raymond, Robin Sampson, Michael Jordan
8/16/2002, Corporate Alert: The Sarbanes-Oxley Act of 2002: An Analysis
Doug Raymond, Thomas Wood, Michael Jordan, H. Michel
8/16/2002, Corporate Alert: The New York Stock Exchange Proposes New Listing Standards Regarding Corporate Governance
Doug Raymond, Thomas Wood, Michael Jordan, H. Michel
7/31/2002, Corporate Alert: The Sarbanes-Oxley Act of 2002: CEO and CFO Certifications
Doug Raymond, Thomas Wood
7/1/2002, Corporate Alert: SEC Orders CEOs and CFOs of Larger Companies to File SwornStatements Certifying the Accuracy and Completeness of ExchangeAct Reports
Doug Raymond, Thomas Wood
6/30/2002, Corporate Alert: SEC Proposes to Require Certification of Quarterly and AnnualReports, to Increase Form 8-K Disclosure Requirements and toEstablish Public Accountability Boards
Doug Raymond, Thomas Wood
6/28/2002, Corporate Alert: SEC Proposes New Rules to Require Certificationof Quarterly and Annual Reports and ProposesNew Rules with Respect to Form 8-K Disclosuresand Filing Deadlines
Doug Raymond
5/17/2002, Corporate Alert - SEC Moves To Implement New Corporate Disclosure Rules
Doug Raymond
2/28/2002, Corporate Alert February 2002 - SEC Proposes New Corporate Disclosure Rules
Doug Raymond, Matthew McDonald, Michael Jordan
2/7/2002, Corporate Alert - SEC Warns Public Companies on MD&A Disclosure
Doug Raymond, Diana McCarthy
12/13/2001, Corporate Alert - SEC Cautions Issuers on Use of Pro Forma Financial Information in Earnings Releases
Doug Raymond, Diana McCarthy
11/30/1996, Some Considerations in Seeking Venture Capital
Doug Raymond
Speaking Engagements
5/4/2011, Drinker Biddle & Reath LLP
"Hot Topics CLE Series"
Lawrence Fox, Doug Raymond, Philadelphia, PA
4/7/2011, Family Business Magazine Transitions 2011 Conference
"Preserving Family Values and Growing Family Wealth"
Doug Raymond, Orlando, FL
2/17/2011, DELVACCA Corporate & Securities CLE Institute
"Damage Waivers and Exclusions: Don't be Blindsided by the Unexpected"
Doug Raymond, Elizabeth Babson, Philadelphia, PA
2/1/2011, FTI Consulting Breakfast Conference Series
Litigation Facing Underwriters and Directors
Doug Raymond, New York, NY
3/15/2010, Stetson University/Family Business Magazine Conference
"The Political and Economic Outlook for Family Companies"
Doug Raymond, Celebration, FL
1/19/2010, Pennsylvania Bar Institute
"The Changing Rights and Roles of Public Company Shareholders"
Doug Raymond, William Clark
12/11/2007, Opportunity Finance Network Conference
Doug Raymond, Miami, FL
5/8/2006, Limousine & Chauffeured Transportation Association's Annual Leadership Summit
"Deal-Making, the Urge to Merge: Planning for the Deal, Current Trends in M&A Transactions"
Doug Raymond, Miami, FL
9/14/2004, Trends in Mergers and Acquisitions
Doug Raymond, Philadelphia, PA
2/23/2004, BIO CEO & Investor Conference
"Going Public Under the New IPO Order"
Doug Raymond, New York, NY