| Practice Description: |
Kenneth A. Latimer has represented secured and unsecured lenders in financing transactions including asset-based lending, credit enhancements with letters of credit, and real estate and lease financing for more than 30 years. He has also assisted lenders in workout proceedings. In addition, he has represented public and privately held companies in documenting their financial obligations. Mr. Latimer has also assisted financial institutions in mergers and acquisitions and other regulatory issues.
Mr. Latimer was elected to become a fellow of the American Bar Foundation and is listed in Chambers Global: The World's Leading Lawyers as one of the leading banking and finance lawyers in the Chicago area. Admitted to practice in Illinois and the District of Columbia, he is a frequent author and lecturer on topics of secured lending documentation, letters of credit, loan workouts and various aspects of the Uniform Commercial Code. Mr. Latimer has spoken to the Turnaround Management Association, Robert Morris Associates, the Banking Law Institute as well as other financial industry associations.
Mr. Latimer is a member of the Banking Law and Commercial Financial Services Committee of the Corporation, Banking and Business Law Section of the American Bar Association and is the former chair of the Committee on Banking of the Illinois State Bar Association. He is a member of the Association of Commercial Finance Attorneys and is a founding member of the Commercial Finance Association Education Foundation. Mr. Latimer has also been elected as Regent to the American College of Commercial Finance Attorneys.
Mr. Latimer received a J.D., with honors, in 1969 from The National Law Center of The George Washington University and is also a graduate of the University of Wisconsin.
Notable Cases and Results:
Represented asset based lender in $45,000,000 secured loan transaction involving borrower involved in the auto industry.
Represented financial institution as a syndicate member in $270,000,000 secured real estate financing for large office facility in Chicago, Illinois.
Represented borrower in $150,000,000 transaction for the construction of 60-story condominium project in Chicago, Illinois, involving senior and mezzanine debt.
Represented borrower in $80,000,000 loan transaction from asset based lender, the funds of which were used for the acquisition of borrower's largest competitor.
Represented financial institution as lead lender in $45,000,000 construction loan project syndicated to three additional lenders.
Represented asset-based lender in $20,000,000 asset based loan to manufacturing entity involved in the food business.
Represented asset-based lender in $35,000,000 transaction to major producer of computer handheld units for use in retail.
Represented senior lender in $35,000,000 revolving credit and term loan facility to manufacturer with plants in Canada, Mexico and Europe.
Represented borrower in $195,000,000 secured term loan and multi-currency revolver for restructuring of borrower indebtedness.
District of Columbia, 1969
Hourly Rate: $575-$650
Retainer: Varies by situation.
Year of Birth: 1943
Law School: George Washington University Law School,J.D., 1969
Law School Honors/Involvement: With honors
Undergraduate School: University of Wisconsin, Madison, Wisconsin
Wells Fargo Foothill, Inc.; Fifth Third Bank; Wintrust Financial; New Century Bank; Lake Forest Bank & Trust Company; North Shore Community Bank; Hinsdale Bank & Trust Company; AmericaUnited Bank & Trust Company USA; North American Signal Company; The Roy Houff Company LLC.
Bar/Professional Association Involvement:
American Bar Association
Business Law Section
Banking Law Committee
Commercial Financial Services Committee
Illinois State Bar Association
Committee on Banking
Association of Commercial Finance Attorneys
Commercial Finance Association Education Foundation
American College of Commercial Finance Attorneys
Fellow, American Bar Foundation
Author and lecturer for the Illinois Institute of Continuing Legal Education and has spoken on a number of topics relating to secured lending, letter of credit and various aspects of the Uniform Commercial Code.
Former member of the Jewish Community Centres of Chicago Board of Directors; active in affairs of Jewish United Fund.
Published Legal Writing:
"Letters of Credit," published in IICLE Handbook on Advising Illinois Financial Institutions
Loan Workouts and Loan Documentation, published by The Bank Lending Institute of Executive Enterprises, Inc.
Mr. Latimer is a frequent lecturer on topics of secured lending documentation, Letters of Credit, loan workouts and various aspects of the Uniform Commercial Code and has spoken to the Turnaround Management Association, Robert Morris Associates, The Banking Law Institute, The Illinois Institute for Continuing Legal Education, as well as other financial industry associations.
Duane Morris LLP, one of the 100 largest law firms in the world, is a
full-service firm of more than 600 lawyers. In addition to legal
services, Duane Morris has independent affiliates employing
approximately 100 professionals engaged in other disciplines. With
offices in major markets, and as a part of an international network of
independent law firms, Duane Morris represents clients across the
United States and around the world.
Additional Office Locations:
Boston, New York City, Washington, Philadelphia, Miami, Atlanta, Detroit, Houston, Pittsburgh, San Francisco, San Diego and London.