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Duane Morris Opens Dallas Office with Addition of Four New Partners

Duane Morris LLP has opened a new office in Dallas, Texas, with the addition of Trial partners Robert M. Castle III, Randy D. Gordon, Jamie R. Welton and Lucas “Luke” Wohlford. The group joins Duane Morris from Barnes & Thornburg LLP. The move further aligns Duane Morris’ domestic operations with the robust high-technology and energy sectors in Texas. The firm opened its Austin office in 2017 and its Houston office in 1999. The new Duane Morris LLP office is located at 100 Crescent Court in Dallas.

“For more than 20 years, we have focused on and invested in Texas. With our new Dallas location and team, our commitment is clear,” said Matthew A. Taylor, Chairman and CEO of Duane Morris. “Duane Morris now has a critical mass of legal talent and a footprint in key markets, including Houston and Austin, and we expect to expand our presence in Texas in the years to come. We look forward to supporting our broad client base with high quality and cost-efficient legal services.”

“Texas is central to Duane Morris’ strategic growth plan, and our Dallas office creates more opportunities to better service our technology, corporate and energy clients and grow our business in-state,” said Tom Sankey, managing partner of Duane Morris’ Houston office and Texas operations. “Our Corporate, Trial and IP practice groups represent a large client base in Texas, and our interdisciplinary, industry-sector approach to legal services enables us to deliver additional value.”

“Dallas, in particular, is an extremely positive business climate for entrepreneurs, the many Fortune 500 firms headquartered here and a broad array of high technology, healthcare, financial, energy and transportation clients,” added Randy Gordon, the managing partner of the Dallas office. “We are excited to plant the flag for Duane Morris in Dallas.”

“Matt Taylor’s vision for Texas is exciting, and the firm’s industry-focus groups represented a great opportunity to collaborate in new ways,” noted partner Rob Castle. “Overall, Duane Morris offers a unique and collegial culture that will enable me to better serve my healthcare client base.”

As one of the most diverse regional economies in the nation, Dallas offers a thriving commercial environment. With more than 65,000 businesses located in the metropolitan region including Texas Instruments, AT&T, Comerica and Southwest Airlines, the city serves as headquarters to more than 20 Fortune 500 firms.

CBRE recognised For sustained excellence

CBRE Group, Inc. today announced that the company has been recognised as an “All Star” firm in IAOP®’s annual assessment of global outsourcing companies across all industries. IAOP also recognised CBRE for “sustained excellence” for its continued high performance in the program over the last several years.

The 2020 Global Outsourcing 100 (GO100) recognises the world’s best outsourcing service providers and advisors. This list is based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organisations.

CBRE again achieved top honours in all the program’s judging categories this year, including customer references, awards and certifications, programs for innovation and programs for corporate social responsibility.

“Our continued recognition among IAOP’s top global outsourcers reflects the close bonds we have forged with our clients and the tireless efforts of our teams in delivering truly differentiated outcomes,” said Jack Durburg, CEO of Global Workplace Solutions for CBRE. “That is especially true in our current operating environment, which has required collaborative, transparent and innovative solutioning in dealing with unprecedented challenges caused by COVID-19.”

CBRE provides integrated services for occupiers of commercial real estate, including facilities management, transaction services, project management, and strategic consulting.

“Companies that outsource, not only in the traditional sense but also through the wide array of the ever-changing collaborative business models, are scrutinising their providers very closely, which is why choosing the right partners is more important than ever,” said Debi Hamill, IAOP CEO. “The GO100 is the definitive guide to help companies research and compare service providers with whom they are considering relationships.”

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Optimistic companies expect revenue growth over the next 12 months

With disruption rewriting traditional business operations, private business leaders remain steadfast in their optimism about the year ahead. In its second report on this important market segment, “Global perspectives for private companies: Agility in changing markets,” Deloitte details that despite market challenges, three-quarters of private business leaders express high or extremely high confidence in the success of their private firm over the next 24 months.

In a survey of 2,550 private company leaders across 30 countries, Deloitte found that the majority of respondents anticipate growth in six of eight key business metrics in the next 12 months. The strongest growth is predicted for revenue, productivity and profits – with companies in the Americas taking the lead in terms of expected increases, compared to counterparts in the Europe, Middle East, Africa and Asia Pacific regions.

“Private business leaders don’t necessarily view today’s disruption as negative, but rather as offering new opportunities for growth,” said Jason Downing, vice chairman of Deloitte LLP and the U.S. Deloitte Private leader. “Despite some concern about trade policy and geopolitical uncertainty, the majority of executives we surveyed are highly optimistic about growth and truly have confidence in their company’s success in the year ahead.”

Proactivity is catalysing productivity

Technology has brought business closer to its customers but it has also upended business models. It has driven efficiencies but also fostered uncertainties. To address these conditions, firms globally are not staying idle but considering (43%) and implementing (40%) new business models to navigate disruption.

In conjunction with exploring new business models, companies are also looking for ways to improve growth. Globally, the top two strategies for firms are increased productivity (29%) and new product/service development (24%). Interestingly, these same two categories rank as the top competitive advantages.

Talent as the differentiator

Despite advances in adoption and implementation of technology, private business leaders realise their employees can be the differentiator and are investing in them through the following initiatives: 39% are devoting assets to training programs, 35% are increasing the number of full-time employees and 33% are investing in leadership development.

In order to attract and retain employees, 4-in-10 firms plan to reimagine learning and development programs using experiential formats, develop strategies to build an inclusive workforce, and increase their focus on flexibility and well-being programs.

Social purpose fuels corporate profits

With the influence of social media and the rise of employee activism, the majority of private business executives recognise that having a strong company culture is not a “nice to have” but a “need to have.” More than three-quarters (77%) of survey respondents agree that culture is strategically important to the success of the business.

Culture encompasses much more than the activity happening within a business and private company leaders today recognise this new reality. Specifically, the concept of social responsibility is resonating with private firms worldwide, with 66% viewing it as a top or high priority for their organisation. To make the most of these initiatives, organisations are focusing on corporate strategy as well as employee and customer branding to separate themselves farther from the competition.

Conducting business across borders

Regardless of business size or industry, technology has blurred borders and provides every company with the ability to be a global enterprise. In fact, the top driver cited for M&A activity over the next 12 months is the opportunity to enter new global markets (39%). The survey found that many private business executives expect to conduct an aggressive merger and acquisition strategy, with 42% believing it is likely or very likely they will participate in an acquisition in that timeframe.

This potential expansion comes in the face of uncertainties ignited by global trade tensions. While 24% of global respondents view trade barriers as a significant risk to growth, it is not at the expense of private business’ optimism: 15% of respondents cite entry into foreign markets as their company’s main growth strategy over the next 12 months.

“Despite some areas of uncertainty, private businesses remain the engine behind the global economy, fueled by their agility and ability to innovate,” Downing said.

About Deloitte Private

Deloitte Private is exclusively focused on serving private clients of all sizes and driven to address the opportunities and challenges unique to private businesses. Deloitte Private delivers audit and assurance, tax, consulting and risk and financial advisory services tailored for private companies, including family-owned businesses, closely held (nonfamily) businesses and private equity and venture-capital-backed businesses.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90 percent of the Fortune 500 and more than 5,000 private and middle market companies. Our people work across the industry sectors that drive and shape today’s marketplace to make an impact that matters — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see https://www2.deloitte.com/uk/en.html about to learn more about our global network of member firms.

BPCL selects AspenTech Software for Operational Excellence award

Client Profile: Bharat Petroleum Corporation Limited (BPCL), a Fortune 500 energy company is headquartered in Mumbai. It is a public sector undertaking and last year, the Government of India conferred BPCL with Maharatna status. The company operates through two segments: Downstream petroleum (refining and marketing of petroleum products), and Exploration and Production of Hydrocarbons (E&P). The company’s refineries are located at: Mumbai (Maharashtra), Kochi (Kerala), Numaligarh (Assam), and Bina (Madhya Pradesh). Its marketing infrastructure includes network of installations, depots, retail outlets, aviation service stations, and LPG distributors.

The Challenges: The oil and gas sector faces an increasingly complex environment, companies need to be innovative in adopting new business models and partnerships. Leading players, such as BPCL, need to have a resilient strategy to protect against price dips and adopt digital transformation in an astute manner to improve operational performance.

Considering all these factors, BPCL began scouting for a one-stop solution provider that could help drive business sustainability and increase profitability by maximizing asset performance across BPCL Group Refineries. Earlier on, BPCL had also deployed AspenTech solutions in pursuit of energy management and asset optimization at their Mumbai refinery. Following a successful deployment, BPCL proceeded to standardize on AspenTech software solutions.

AspenTech’s Solutions For BPCL: The solutions include Aspen HYSYS Petroleum Refining; Aspen Exchanger Design & Rating; Aspen Economic Evaluation; Aspen Energy Analyzer; Aspen DMC3; Aspen InfoPlus.21; aspenONE Process Explorer; Aspen PIMS-AO; Aspen Supply Chain Planner; Aspen Tank and Operations Manager; and Aspen Operations Reconciliation and Accounting.

With aspenONE software, organizations can run to the limits of performance and achieve optimal financial return over the entire asset lifecycle without compromising safety, reliability or regulatory compliance. In partnering with AspenTech, BPCL can capitalize on digital transformation to reduce costs, maximize growth and achieve sustainable operations via operational excellence. With this deployment, BPCL is well positioned to support energy needs and emissions standards in India.

What BPCL Stands To Gain: Centralized control and a single point of contact and accountability will help the company to achieve operational excellence and gain competitive advantage. AspenTech’s integrated solutions across design and operations will help BPCL maximize profitability, increase return on capital, and improve complex manufacturing and operating scenarios.