McCarthy Tétrault Reappoints Chair and CEO

14 February 2006

McCarthy Tétrault, Canada's leading full-service law firm, announced today the reappointment of W. Iain Scott as Chair and Chief Executive Officer. This is the second, consecutive four-year term for Mr. Scott.

During his first term, McCarthy Tétrault underwent a major transformation, driven by an anticipation of changing client needs. Mr. Scott was responsible for implementing the Partners' strategy to establish a new corporate governance model, integrate legal services into a solutions approach and sharpen the Firm's focus on specific client sectors and capabilities. The Firm's success in these areas has resulted in increasing interest and lateral hires from other firms.

"McCarthy Tétrault's leadership is defined by a commitment to innovate," said Mr. Scott. "Our Firm is responsible for many industry firsts that have had a profound impact on Canada's legal landscape. We'll continue to advance new ideas and initiatives, driven by a client-centric focus."

In looking to the future, Mr. Scott identified a number of business pressures facing the industry, such as the forces of commoditization, pricing pressures, alternative fee structures and war for talent.

"There are a number of profound challenges and opportunities facing our firm and the industry in the coming years. In today's marketplace, clients want to reduce complexity, increase economy of scale and buy bundled national services. Our new model enables clients to achieve these objectives," said Mr. Scott. "Our goal is to be the dominant law firm with the best professional environment in Canada."

With offices in all major Canadian financial centres, as well as New York and London, U.K., McCarthy Tétrault advises on many of the largest transactions and cases around the world. Authoritative legal directories, such as the International Financial Law Review and the Guide to the Leading 500 Lawyers in Canada, consistently rank McCarthy Tétrault among the world's top law firms. The most recent edition of Chambers Global: The World's Leading Lawyers describes McCarthy Tétrault as "clearly a leader" with "an enviable position in the marketplace." With close to 750 lawyers representing a broad spectrum of practice areas, it's easy to see why McCarthy Tétrault is Canada's premier law firm.

For further information: For media inquiries, please contact Mike Nethercott, at (416) 601-7586 or email media@mccarthy.ca.

Source: newswire

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