Dealmaker: McDermott's Alicia Videon on betting syndicates, particle physics and contingency planning for a colleague's arrest
Olswang's former restructuring head discusses ditching physics for law and betting on horses with bankers
January 23, 2017 at 05:02 AM
4 minute read
Alicia Videon, former head of restructuring at Olswang, recently joined McDermott Will & Emery after news broke that her former firm had signed up to a three-way merger with CMS UK and Nabarro.
During her time at at Olswang, Videon coordinated the firm's special situations group, set up after the financial recession. More recently, she was responsible for fielding questions related to the Brexit vote last summer. Standout deals she took roles on included advising the senior lenders to the owners of the Citi Tower in Canary Wharf on the restructuring of £1.6bn of debt in 2013.
Why did you become a lawyer? I did work experience with the local university particle physics department – they couldn't get research funding and were living on the breadline. They told me to be a lawyer as I'd get better paid and could wear nice clothes.
Who has been the biggest influence on your career? My mum.
What's your proudest professional moment? I had a quite tricky deal completing when I had to be in Australia – the team worked day and night to get there without me and no one was worried (well, not that they admitted!). I thought I must have done something right to get to that point.
…and worst day on the job? I had been acting for a bank trying to restructure a PLC, which was at heart a family business. When we told the board one night the bank wasn't going to support them anymore and it was the end of the road, the shock on their face was dreadful – they had no idea it was coming. A lot of people lost their jobs and it was pretty grim.
Aside from your own firm, which lawyer do you most admire and why? Did you know that Gandhi and Mandela were lawyers? I just checked and think it's hard to go past either of them…
What's your strongest characteristic…and worst trait? I hope, a strong sense of fairness. I'm sure this isn't the worst, but I've been told I'm stubborn – I have pretty definite ideas of what I want to do.
What advice would you give to young deal lawyers starting out? Take a long-term view – if you're lucky, you will have a long career and life. Some of it won't be great but you want to look back in say 20, 30 years and overall, be proud of what you've done.
What's the best part of your job? The people, mostly.
What most annoys you about the legal profession? Personally, I think as lawyers we have a duty to drive positive social change and protect human rights and overall I don't think as a profession we do enough; diversity at a senior level in the profession is a bit shameful. In its defence, on the charity side I think the profession is generally very proactive.
What's the most unusual/shocking request you've ever had from a client? I was in a syndicate with some clients and friends (a bit of betting on horses) and we all put some upfront money in one of the syndicate's account at the bank he worked at. The bank thought we were all bribing the banker involved and did an investigation of us, which was quite funny.
Most memorable deal you have ever worked on and why? The Citi Tower restructuring, just because of the twists and turns. When we eventually had a deal, the closing process went over months and we had contingencies for everything. A trainee had to be outside the American embassy every morning for weeks ready to serve a close-out notice, in case we hit the trigger level. We had a contingency plan in case they got arrested.
Do you see yourself having a career outside law? Does growing vegetables count as a career? Actually, I'd like to do more work in the charitable sector.
What's your favorite item of clothing? I just bought a very cool, oversized Amanda Wakeley shirt.
It's midnight and you're in the office for the night, what's your takeaway of choice? Pizza will do.
What are your desert island discs? The Greatest Hits by INXS.
Favourite box set? The West Wing.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllHow to Build an Arbitration Practice: An Interview with 37-Year HSF Veteran Paula Hodges
Scratching the Entrepreneurial Itch: Linklaters' AI Head On Becoming a Partner and GenAI Hallucinations
'Relationships are Everything': Clifford Chance's Melissa Fogarty Talks Getting on Big Deals and Rising to the Top
7 minute readThe 'Returnity' Crisis: Is the Legal Profession Failing Women Lawyers Returning From Maternity Leave?
8 minute readTrending Stories
- 1'There's Always More to Be Done': Former US Attorney Breon Peace Reflects on Series of Firsts at EDNY
- 2Former Thomas Clerk Sarah Harris to Serve as Acting Solicitor General
- 3Coral Gables Firm Secures $26M Settlement
- 4Trump's Second Term Spurs Unusual Alliances Between US and European Law Firms
- 5Honored by NYSBA, 2nd Circuit Chief Judge Livingston's Remarks Stress Judicial Safety
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250