Media Mentions
2008
Jeffrey E. Stone was quoted in the August 2008 issue of California Lawyer in an article regarding California law firms' shift to offering younger lawyers alternatives to the partnership track due to economic uncertainty and the lawyers' desire for a better work/life balance. Mr. Stone spoke about McDermott's staff attorneys who work full time but who are not on the partnership track. "These people are perfectly happy to count hours. What they don't want is all that other stuff that is part of the partnership track - no firm politics, no client development. And our clients get cost efficiency without losing substantive excellence," he said.
Jeffrey E. Stone was quoted in the August 1 issue of the Boston Business Journal in an article regarding the rise in legal process outsourcing. Mr. Stone noted that the Firm does not engage in outsourcing but that the addition of lower-paid staff attorneys, who perform routine legal work, has helped cut litigation costs. He added that while the program mirrors the outsourcing trend's appeal of lower prices, it still enables the Firm to retain control over access, quality and security.
Jeffrey E. Stone was quoted in the July 7 issue of the San Francisco Business Times in an article regarding law firms' decision to hire contract and staff attorneys as a way to cut litigation costs. Mr. Stone noted that the Firm's staff attorneys are assigned routine tasks and review documents for major litigation cases. "We're finding there is a sustained demand for the work and the pricing flexibility that this gives us with our clients," he said.
Jeffrey E. Stone was quoted in the May issue of The American Lawyer in an article regarding law firms' use of staff attorneys to improve the cost-efficiency of their practices. Staff attorneys are paid about half the salary of traditional associates and handle the routine and labor-intensive work for large litigations. Regarding McDermott's use of this new tier of associates, Mr. Stone said, "Clients are looking to us to come up with responses to the increasing cost of litigation. We're trying to create increasing options for them and for us."
Jeffrey E. Stone was quoted in the April 22 issue of the Chicago Tribune in an article regarding Your Witness: Lessons on Cross Examination and Life from Great Chicago Trial Lawyers, a book recently published by two Chicago defense attorneys. As a partner in McDermott's Trial Department, Mr. Stone's thoughts on cross-examination are included in the new book. "Many lawyers fail to recognize the inherent drama built into the key cross. Instead of running away from the drama, I believe that the truly great cross-examiner, like the great athlete or actor, seizes that dramatic moment and puts his or her own stamp on it," Mr. Stone said.
Jeffrey E. Stone is quoted in the January 1 issue of CFO Magazine regarding the Securities and Exchange Commission's backdating charges against Carl W. Jasper, ex-CFO of Maxim Integrated Products. Mr. Stone said that if the case proceeds to trial, Jasper's chances are fairly good. He notes the accounting rule that applies to backdated options, APB 25, is so complex that "the government has the difficult burden of establishing that any individual, CFO or otherwise, had the requisite understanding of those accounting rules at the time the events happened."
Jeffrey E. Stone was quoted in the January 2008 issue of CFO Magazine in an article regarding the Securities and Exchange Commission's backdating case against Carl W. Jasper, ex-CFO of Maxim Integrated Products. Mr. Stone stated that Jasper has a good chance of defending himself against accusations of backdating options if the case proceeds to trial. Because the accounting rule that pertains to backdated options, APB 25, is so complex, "the government has the difficult burden of establishing that any individual, CFO or otherwise, had the requisite understanding of those accounting rules at the time the events happened," Mr. Stone said.
Jeffrey E. Stone, SEC Defense, Trial
2007
Jeffrey E. Stone appeared on WTTW11 Chicago on August 21 on a panel discussing the 7th Circuit's decision to affirm the conviction of former Illinois Governor George Ryan. The decision included a strongly worded dissent, and was the subject of widespread media coverage.
Jeffrey E. Stone, Trial, White-Collar Criminal Defense
Jeffrey E. Stone was quoted in the March 27 issue of The Wall Street Journal in an article regarding Firm client Gary Gerhardt, the former finance chief of Engineered Support Systems Inc., being charged with fraud and other offenses relating to options backdating. Mr. Stone aid, "Any jury who gets the chance to hear him will find him to be an honest and straightforward man."
Jeffrey E. Stone, Corporate Responsibility, Corporate Responsibility - White Collar, Trial, White-Collar Criminal Defense
Jeffrey E. Stone was quoted in the March 2007 issue of CFO Magazine in an article about ways to improve as a public speaker. Mr. Stone said that addressing possible objections during a presentation before they can be raised shows that you've done your research, making you more persuasive.
Jeffrey E. Stone was quoted in the February Illinois Super Lawyers 2007 supplement in Chicago Magazine in an article profiling top Chicago defense attorneys. Mr. Stone discussed his defense experience which started in law school and continues to present as he represents white-collar and other criminal defendants through his work at McDermott and his volunteer and pro bono endeavors. "Corporate lawyers often win because the deal closes and everyone's happy. As a defense lawyer, the wins are terrific, but the losses stay with you forever," he explained.
Jeffrey E. Stone, Trial, White-Collar Criminal Defense
Jeffrey E. Stone was quoted in the January 2007 issue of Corporate Board Member Magazine in an article regarding how different boards of directors have handled crisis management in response to charges of illegal conduct. Mr. Stone stated that when facing allegations, a company should create a plan to cooperate with the government to avoid broader charges. "Sometimes it may be in the corporation's best interest to walk into the government's office and say, 'Here's what we think happened, here's how this corporate officer eluded detection and was somehow able to avoid compliance, and here's how we as an entity were defrauded by this individual,'" he said.
Jeffrey E. Stone, Corporate Responsibility, Corporate Responsibility - White Collar, Trial, White-Collar Criminal Defense
2006
Michael Anthony, Bobby Burchfield, Gordon Greenberg, Christopher Jedrey, Ray Lupo, Terry McMahon, Michael Pope, Richard Smith and Jeffrey Stone will be recognized in the fall edition of Lawdragon magazine on its annual survey of the top 500 lawyers in the United States, the Lawdragon 500.
Michael F. Anthony, Bobby R. Burchfield, Gordon A. Greenberg, Christopher M. Jedrey, Raphael V. Lupo, Terrence P. McMahon, Michael A. Pope PC, Richard W. Smith, Jeffrey E. Stone, Corporate, Health, Intellectual Property, Media & Technology, Trial
Jeff Stone was quoted in the January 26 issue of the Washington Post on the impact of new laws and regulations surrounding corporate fraud.
Jeffrey E. Stone, Corporate Responsibility, Trial
2005
Jeff Stone was profiled in the May 2005 issue of Chicago Lawyer in a cover story titled "From Lawyer to Leader: Mixing the Practice of Law with Running a Firm." The article discusses juggling the roles of practitioner and law firm manager and training that goes into making the transition into management roles. The article described the program at the Harvard Business School that several McDermott lawyers have attended. Stone discussed his plans to build upon the strong culture at McDermott, doing more to promote teamwork. "You have to get everyone working together, collaborating and sharing their skills," Stone said. "We have a lot of talented senior partners, but I want to make sure that expertise flows down to everybody at the Firm." Stone noted his commitment to excellence: employing some of the techniques acquired at the Harvard course in motivating our lawyers to raise standards across the board.
Jeff Stone was quoted in the March 4 issue of Christian Science Monitor in an article on the release of Martha Stewart. Mr. Stone commented that sympathy from federal probation officers is rare for famous ex-convicts.
Jeffrey E. Stone, Trial, White-Collar Criminal Defense
2004
Jeffrey Stone was quoted in the July 16 issue of the Los Angeles Times regarding the sentencing of Martha Stewart. Mr. Stone commented on Judge Miriam Goldman Cedarbaum's ruling in Stewart's case.
Jeffrey E. Stone, Trial, White-Collar Criminal Defense
2003
Jeffrey Stone was quoted in an Associated Press story on December 19 which addressed whether mutual fund scandals that have been brought in front of a federal grand jury in Boston brings to light the difficult question of just how criminal prosecutors could or should be involved in a matter that has traditionally been the purview of the civil justice system. Several experts said that egregious market-timing abuses could rise to the necessary threshold for criminal charges of deliberate, criminal intent. Mr. Stone responded, “Market timing alone I think is a very difficult and unattractive criminal case. They’re going to look for the most egregious examples they can find. A pure market timing case does not rise to that level.” This story appeared in The Seattle Times, The Detroit News, Pasadena Star News and The Atlanta Journal-Constitution.
Jeffrey E. Stone, Corporate Responsibility, White-Collar Criminal Defense
2002
Jeffrey Stone was profiled in the December issue of Of Counsel.
Jeffrey Stone was mentioned as one of the newest fellows of the American College of Trial Lawyers in the December 2002 issue of the Chicago Lawyer.
Jeffrey Stone was mentioned as one of the new fellows of the American College of Trial Lawyers, reported by the Chicago Sun-Times on November 4.
Jeffrey Stone was mentioned in the October 24 issue of the Chicago Daily Law Bulletin in regard to being named a fellow of the American College of Trial Lawyers, an invitation-only legal association with members throughout North America.
Jeffrey Stone was quoted in the August 14 issue of The Christian Science Monitor in regard to the newly mandated requirement of Congress and the SEC, which makes it the responsibility of chief executive to swear to its company's financials. "Nothing focuses the attention like the prospect of a personal prosecution," commented Mr. Stone.
Jeffrey E. Stone, Corporate Responsibility
Jeffrey Stone was quoted in July 28 issue of the Boston Globe regarding the new order set forth by the SEC which required chief executives and chief financial officers to sign sworn statements by mid-August declaring that their most recent financial reports are accurate and complete. Mr. Stone commented on the increased use of outside counsel in regard to investigating financial irregularities, and the increased scrutiny on decision making once a problem is discovered. "On the one hand, you don't want to put bad news out there, when the market is overreacting, and you don't want to err on the side of over disclosure. On the other hand, now is the time to come clean. You can immunize or inoculate, yourself to anything that might come out later," Mr. Stone said.
Jeffrey E. Stone, Corporate Responsibility, Corporate Responsibility - White Collar, White-Collar Criminal Defense
2001
Jeffrey Stone was quoted in the December 4 issues of the Chicago Tribune, Chicago Sun-Times and the December 3 issue of the Chicago Daily Law Bulletin regarding the successful pro bono representation of the Illinois Judicial Inquiry Board against Judge Oliver M. Spurlock. In the opinion handed down by the Illinois Courts Commission, Judge Spurlock was removed from his Cook County judgeship for sexual harassment and misconduct. Judge Spurlock is the first Cook County judge to be removed from the bench by the Courts Commission in more than 25 years.
Jeffrey E. Stone, Pro Bono, Trial
Jeff Stone was the prosecuting attorney, representing the Judicial Inquiry Board, in a highly publicized Chicago case. The case, involved Cook County Associate Judge Oliver Spurlock in regard to charges of sexual harassment, was front page news in the Chicago Sun Times several times during the week of June 11, and was the lead story in the Chicago Law Bulletin every day the week of June 4. Mr. Stone was mentioned and quoted in the articles numerous times, including excerpts from the arguments he presented in the courtroom.
Jeffrey E. Stone, Pro Bono, Trial
Jeff Stone was quoted in the June 9 issue of the Chicago Tribune in his representation of the Judicial Inquiry Board in the disciplinary hearing surrounding Cook County Associate Judge Oliver Spurlock and his alleged "sexually intimidating and inappropriate" conduct toward six female court employees.
