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2020 Annual Review
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2020 Annual Review
Highlights of our work, insights, achievements, programs and initiatives in a year that reshaped the world
2020 Global Citizenship Review
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2020 Global Citizenship Review
Highlights from our Global Pro Bono Practice, volunteering and responsible business activities
circuit board
Insight
Sponsor and lender demand are back
Jennifer Kloud and Mitchell Kinastowski from BMO Sponsor Finance speak with White & Case partner Jacob Schtevie about BMO’s approach to funding technology credits, the importance of financial sponsor relationships in the mid-market and the growing popularity of recurring revenue financings
Singapore city
Insight
Sovereign wealth fund M&A volume surge in 2020
SWFs acquired more deals in 2020 as they hunted for stable returns in volatile times
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Rishi Rushes to Recoup Furlough Fraud Losses: The Taxpayer Protection Taskforce
paper rolls
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Cathy O'Dowd on where mountains and law firms meet—their people
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2021 annual shareholders' meeting of Italian listed companies
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Is the end of LIBOR now in sight for the loan market?
A nighttime image shows the lights of Zermatt, Switzerland in the foreground. Beyond Zermatt, the alps rise. The Matterhorn is illuminated by a light installation meant to foster hope during COVID-19. The message projected on the mountain says "#StayHome".
Insight
Values
Pioneering, United, Human—the values we live by at White & Case
This is an aerial view of a snow covered garden maze in Gelsenkirchen, Germany. Two people walking dogs are at the center of the maze. The center is surrounded by snow-covered pathways bordered by shrubbery.
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Strategy
Launched in 2015, our five-year strategy concluded with impressive results
An aerial image of auditorium Gran Teatre del Liceu in Barcelona, Spain taken from above the stage, where four musicians sit rehearsing. The ornate auditorium has 2,292 seats, all of which are occupied by leafy plants.
Insight
2020 awards & rankings
White & Case was recognized for innovation and exceptional client service in 2020
An image of a woman viewing a webinar at her desk. The back of her head faces the camera and we see the webinar on her laptop screen in front of her. Beyond her laptop is a window, with a plant sitting on the sill.
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Learning with and from our clients
A new webinar series brought White & Case partners, clients and industry experts together to share insights during a dynamic time   
Passengers fly from Detroit to Washington, DC during the pandemic.
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CARES Act eligibility tool helped clients get fast answers
White & Case quickly created a user-friendly solution as companies rushed to secure funding
A closeup image of a Black person and a white person holding hands at a protest against the death of George Floyd while in police custody. The hands are raised in the air above a blurred crowd in Nantes, France.
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How allies can help fight anti-Black racism
Several incidents in 2020 evoked similar acts of racial injustice throughout US history and brought us to a watershed moment for global learning and confrontation of bias
Activist and former NFL quarterback Colin Kaepernick is talking with two teens at a community center in Oakland, CA. They are at an event held to educate youth about their rights, especially when dealing with the police. Kaepernick stands in the middle of the group. He and the teens are smiling and wearing t-shirts that say ”I KNOW MY RIGHTS.” Behind them, and blurred, are lights and other people.
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Working with Know Your Rights Camp to fight racial injustice
A multiyear partnership draws on the skills of our lawyers and business services professionals to educate young people about their rights
This image shows two artists in a dark room surrounded by walls of video screens that show the members of their audience. They are participating in a remote music festival from a studio in Bangkok.
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Recognition of our diversity and inclusion
For more than a decade, leading publications and alliance organizations have recognized White & Case’s outstanding commitment to diversity and inclusion
An aerial view of a rehabilitated waste dump in Bad Schlema, Germany. More than one million tons of soil were removed from the former dump, leaving a flat expanse of dirt on which houses will be built. A road, grass, trees and buildings surround the site.
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Pro Bono
Group efforts support sustainable development
A closeup image of a hand-drawn sign at a climate strike march in The Hague, Netherlands. The sign says, ”Save the Nature.”
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Climate change disputes rely on new theories 
Lawsuits focused on human rights, corporate disclosures and fraud may herald new trends in litigation against oil & gas companies
Shoppers are reflected in a window in Kyoto, Japan. Beyond the shoppers, a building is also part of the image.
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Competitors collaborate to take on COVID-19 
Antitrust regulators made it easier for companies to work together to battle the pandemic’s effects, potentially paving the way for efforts to fight climate change and other global threats 
A worker pushes a cart loaded with boxes wrapped in plastic inside a warehouse in Beijing.
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Accelerated shift to digital bodes well for fintech
Incumbent banks, fintech startups and tech giants are ramping up competition—often through partnerships—as demand for digitalization spikes in financial services 
Interior shot of Jewel Changi Airport in Singapore. A 40-meter waterfall is at the center of the photo, falling from a circular opening in a dome-like structure that forms a roof. Trains travel on tracks above a pool formed by the waterfall. A lush, multi-leveled garden surrounds the trains and pool.
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COVID-19 could help fast-track support for smart cities
The pandemic showed how far we’ve come toward realizing the promise of smart cities—and how far we still have to go  
Aerial daylight view of Zolotoy Bridge in Vladivostok, Russia. In the center of the photo, vehicles appear tiny as they travel in six lanes of traffic across the bridge. The straight lines of the cables supporting the bridge rise from the lanes of traffic to the edges of the photo, forming geometric shapes. There are large ships in the water below the bridge. Cars on a road and in a parking lot, tree tops and buildings are also below the bridge.
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Oil & gas contract renegotiations soar
Pressures stemming from the transition from fossil fuels, capital constraints and COVID-19 are forcing industry participants to reassess their contracts
Blurred photo showing the vivid colors of the Northern Lights in the sky over a wind farm in North Dakota. Tall wind turbine towers are outlined against the sky. Their blades are not clearly visible, but there is a bright light at the top of every tower.
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Energy transition: Funding net zero
A large-scale challenge demands a large-scale response
A DJ stands on a rooftop in Rome preparing to entertain his neighbors during the pandemic. The DJ wears a multicolored wig, sunglasses and a surgical mask. A laptop, microphone and other equipment sit on top of an ironing board in front of him. There are speakers and an Italian flag to his left. Buildings, trees and the sky are beyond the rooftop.
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Funding Europe’s broadband ambitions
Countries are testing a variety of models to finance essential broadband infrastructure
A view of the front of a truck driven by a woman working at a gold mining site in Burkina Faso. Taken through the truck’s front window, the image shows the driver and her co-worker, who is in the passenger seat.
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Will COVID-19 slow progress on ESG issues in the mining & metals sector? 
Our special midyear survey highlights tensions between imperatives to advance ESG objectives and cut costs 
A nighttime image of a fishing boat moored at a port in the Azores during Hurricane Lorenzo. The lights of the boat and some of its outline appear at the center of the image. Heavy rain and winds create the appearance of fog surrounding the boat. The rest of the image is dark except for stars in the sky.
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US and European leveraged finance markets ended volatile year on a positive note
Both regions saw leveraged debt issuance decline early in 2020 as COVID-19 restrictions took hold but launched impressive recoveries, driven primarily by high yield bond activity
This close-up image of an LED display along Wembley Way in London shows rows of small circles of brightly colored lights. The colors form a pattern that resembles the sun at the center, surrounded by hazy glow that is, in turn, surrounded by cooler-toned lights that resemble the sky.
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SPAC IPOs ride the recovery
After a decade in the doldrums, special purpose acquisition companies are back in a big way 
Airline crew members dressed in protective suits arrive at Los Angeles International Airport. They are masked and pulling their luggage behind them inside the airport.
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COVID-19 concerns expand foreign direct investment review regimes
Already burgeoning, foreign direct investment review regulations worldwide are bulking up still more in response to pandemic-related threats
A closeup image of a baseball cap that says ”DOW 30,000“ worn by a trader standing outside the New York Stock Exchange. The man’s eyes are hidden by the bill of the cap. He has gray hair beneath the cap and a gray beard and mustache. The scene behind him is blurred and includes passersby.
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Global momentum in 2020 set the stage for active M&A markets in 2021
2020’s tremendous rebound from historic lows suggests that M&A will be a critical lever as companies vie for position in a post-COVID-19 world
A closeup image of two hands holding smartphones. The gloved hand of a medic extends to scan a phone being held by a traveler at Athens International Airport prior to COVID-19 testing. The image includes the masked lower portion of the traveler’s face.
Insight
Martha Lane Fox
A digital sector entrepreneur and philanthropist shares her thoughts on technology’s role in society
Syrian children are silhouetted against the sky at a refugee camp near the Turkish border. One child is flying a kite. Beyond the children, the sun is low in the sky and there are clouds above it.
Insight
David Miliband
The CEO of the International Rescue Committee provides his perspective on geopolitics
An aerial view of a densely packed crowd of people crossing Morrison Bridge in Portland, OR. They are protesting the death of George Floyd while in police custody. Sunlight reflects off the water on either side of the bridge, which is meant for vehicular traffic. In the distance, beyond the bridge, are trees and tall city buildings.
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Dr. Eddie Glaude
Princeton University’s Chair of the Department of African American Studies discusses racial justice in the US
Street artists perform, and statues of people and the dome of a building are silhouetted against the sky in Prague, Czech Republic.
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2020 new partners
An outstanding roster of talented lawyers strengthened our Firm in 2020
A photo of two people exercising with weights behind clear plastic sheets in individual workout pods to observe social distancing in Redondo Beach, California in June 2020.
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2020 Pro Bono awards
Our work was recognized for impact and innovation
A photo of the pattern of a heart created by lights on the side of a tall hotel at night in San Diego, California in 2020 to show support for healthcare workers.
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Good offices
Pro bono matters from each of our offices
A photo of Ella Havelka dancing on a dramatically lit stage in an orange and white spotted flowing gown in the Frances Rings-choreographed work 'Terrain'.
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From good intentions to positive action
We commit to our first Australian Reconciliation Action Plan
A photograph of the reflection of a female mannequin in a shop window wearing a pink dress and a white face mask as people walk past on the sidewalk in Barcelona, Spain, March 2020.
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Q&A with members of our Responsible Business Working Group
A photo of a door engraved with the words of the French Republican motto: Liberte, Egalite, Fraternite.
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Breaking free
Our Paris office helps fight child prostitution
A migrant woman carries her belongings through a smoky, burnt landscape after a fire at the Moria camp for refugees and migrants on the island of Lesvos, Greece.
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Chains of evidence
We analyze chain-of-custody evidentiary rules and standards before international criminal tribunals
A photo of an inmate reading a book on a bed in the infirmary of a women's prison in California.
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Gender matters
Helping women prisoners get the support they need during COVID-19