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McDermott Will & Emery LLP

444 WEST LAKE STREET, CHICAGO, IL 60606-0029, USA
Tel:
Work +1 312 372 2000
Fax:
Fax +1 312 984 7700
Web:
www.mwe.com

Andrea Kramer

Tel:
Work +1 312 984 6480
Email:
Web:
www.mwe.com
McDermott Will & Emery LLP

Work Department

US & International Tax

Position

Andrea (Andie) is a partner, she has a sophisticated and unique multi-disciplinary legal practice that covers all aspects of financial transactions and derivatives, with a focus on taxation, regulation, contract design, trading operations and documentation. She helps clients successfully resolve difficult legal situations, including federal and state regulatory matters, adversarial proceedings, and tax planning and compliance issues, addressing interrelated business objectives, regulatory and legal requirements, and public policy. Andie serves as head of the Firm’s Financial Products, Trading and Derivatives Group.
In recent years Andie has focused on federal administrative and legislative counseling, financial risk management and hedging procedures, international dispute resolution, proprietary trading policies, codes of conduct and controls, tax compliance and controversy, and insurance product designs. Andie provides compliance advice with respect to the Dodd-Frank rules that apply to swap dealers, major swap participants, commercial end users and financial end users. She works closely with clients to evaluate their use of financial products and the effects of these products on operations, existing contractual relationships, and regulatory and tax obligations. Andie designs, structures and defends a range of financial product transactions, including complex hedging and risk management programs.

Andie has extensive experience advising energy companies, public utilities, pipelines, generators, power marketers, wind-power companies, commodity traders, dealers and hedge funds. She has conducted workshops on negotiating energy and natural resource contracts in Malaysia, Egypt, Singapore, Gabon, Kenya, Uganda and Côte d’Ivoire.

Andie is a founding member of the firm's Diversity Committee and Chair Emerita of the Gender Diversity Subcommittee.

Core Capabilities: Energy, Federal Taxation, Structured Finance, Derivatives & Financial Products, Tax.

Career

In addition to her full time legal career, Andie is co-author with her husband, Alton B. Harris, of the book Breaking Through Bias:  Communication Techniques for Women to Succeed at Work, which was named one of the best business books of 2016 by Women@Work and “a well – organized, well-thought-out call to action” by Publishers Weekly.  She is also co-author of over 75 articles and blog posts on promoting diversity and overcoming gender stereotypes and biases.  Andie has spoken at more than 200 national diversity conferences, trade association meetings, professional service firms, multinational corporations, podcasts, and webinars on the importance of assuring women equal access to career opportunities and leadership roles.

Among her many honors and awards, Andie was named one of the 50 Most Influential Women Lawyers in America by the National Law Journal for her “demonstrated power to change the legal landscape, shape public affairs, launch industries, and do big things.”  She received the Leadership Recognition Award from the Women’s Bar Association of Illinois, the Inspiration Award from the Coalition of Women in Law Initiatives; the Top Women Lawyers in Leadership from the Women’s Bar Association of Illinois; the 2014 Gender Diversity Private Practice Lawyer of the Year (Chambers USA Women in Law) for her outstanding contributions to furthering the advancement of women in law; the Founder’s Award from the Chicago Bar Association’s Alliance for Women; and the Women With Vision Award from the Women’s Bar Association of Illinois.  Finding that mentorship opportunities for young  professional women are limited in most professional organizations, Andie co-founded and serves as the Chair of the board of directors of the Women’s Leadership and Mentoring Alliance (WLMA).

Member

Illinois Supreme Court Commission on Professionalism, Diversity and Inclusion Advisory Board, board member
National Association of Women Lawyers (NAWL)
Women’ Bar Association of Illinois (WBAI)
WBAI Leadership Institute, program developer and co-chair
Women’s Council on Energy and the Environment (WCEE)
Women’s Leadership and Mentoring Alliance (WLMA), founding board member and current board chair
Energy Bar Association (EBA) (former member)
Association of International Petroleum Negotiators (AIPN)
American Bar Association (ABA)
The Chicago Network (TCN)
Chicago Finance Exchange (CFE) (former member)
International Bar Association (IBA), Arbitration Committee and Section on Business Law (Committee on Issues and Trading in Securities)
International Association of Financial Engineers (IAFE) (former member)
International Swaps and Derivatives Association (ISDA), Committee on North American Tax.
American College of Investment Counsel (ACIC), fellow.
Chicago Bar Association CBA), Tax Executive Committee and former chair, Division on Tax Shelters, Real Estate, and Partnerships
Investing in Justice Campaign
The Women’s Treatment Center, founding board member, past chair, and current vice-chair
Daniel Murphy Scholarship Fund, board member
Chicago Foundation for Women (CFW), past chair
Eamon Shannon Special Education Program, former member executive planning committee

Education

Northwestern University School of Law, JD, cum laude, 1978
University of Illinois at Urbana-Champaign, BA, summa cum laude, 1975


United States: Finance

Structured finance: derivatives and structured products

Within: Structured finance: derivatives and structured products

McDermott Will & Emery LLP regularly advises major investment banks on the tax aspects of derivative transactions and stands out for its strength in municipal derivatives. In addition to tax-related advice, the team advises clients in relation to municipal bankruptcies and David Taub acted for Barclays as a counterparty in various swap transactions in relation to the Chicago Public School System’s early-stage insolvency situation. Working alongside John Lutz, Taub regularly handles a variety of derivative transactions for banks such as Citibank, Bank of America and Morgan Stanley, ranging from repos to total return swaps. Based in Chicago, Andrea Kramer heads the financial products, trading and derivatives department.

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United States: Tax

Financial products

Within: Leading lawyers

Andrea Kramer - McDermott Will & Emery LLP

Within: Financial products

The ‘outstanding’ team at McDermott Will & Emery LLP is praised by clients for its ‘exceptional technical expertise, responsiveness and practicality’. The team includes the ‘exceptional’ William Pomierski and Andrea Kramer in Chicago and Peter Faber, John Lutz, Arthur Rosen and David Taub in New York. Aside from advising on capital markets, derivatives and structured finance transactions, the firm has a strong niche in the tax and derivatives aspects of municipal insolvencies and has a notable showing in related state and local tax issues. The firm represents an array of major financial institutions, including Bank of America Merrill Lynch, Credit Suisse, Barclays and Citibank. Mark Yopp and Alan Schwartz are also names to note.

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