update nexsen pruet and carolinas
TRANSCRIPT
Akerman/Mackrell International Latin American Business Initiative
Update on Nexsen Pruet and Carolinas
February 28, 2012
David Dubberly
The Carolinas in the Global Economy
• Combined GDP of $589B in 2010
• Would rank as world’s 19th largest economy
• Behind Indonesia and ahead of Switzerland
Sources: U.S. Department of Commerce, Bureau of Economic Analysis; CIA World Factbook
Major Exporters
• Almost 4,000 SC companies exported $25B of goods in 2009– Main markets: Germany, Canada, China, Mexico, UK– Main exports: transportation equipment, machinery,
chemicals, plastics and rubber products, computers and electronic products
• Over 8,000 NC companies exported $27B of goods in 2009– Main markets: Canada, China, Mexico, Japan, Germany– Main exports: chemicals, machinery, transportation
equipment, computers and electronic products, textilesSource: U.S. Department of Commerce, International Trade Administration
Trade Drivers
• Port of Charleston– Major player in international
trade since colonial days– 4th largest container port in
U.S.– Customers in 24 states– Directly serves more than
150 countriesSource: Port of Charleston
Trade Drivers
• Major banks– BOA 2nd largest in U.S.– Wells Fargo (East Coast) 4th largest – BB&T 18th largest
• Charlotte Airport– 7th largest in U.S.– 35 international nonstops– 20% of cargo is internationalSources: Federal Reserve System, National
Information Center; Charlotte-Douglas International Airport
Sizeable Share of Workers Employed by Foreign Subsidiaries
• SC 4th of 50 states in 2009– 6.9% of state workforce– Main investors: Germany,
France, Japan, and UK
• NC 6th of 50 states in 2009– 5.8% of state workforce– Main investors: Germany,
UK, Switzerland, and JapanSource: U.S. Department of Commerce, Bureau
of Economic Analysis
Some Publications Recognizing Carolinas for Economic Development
• Area Development• Business Facilities• Chief Executive• Forbes Best States for
Business and Careers• IBM Global Location Trends• Pollina Corporate Real Estate• Site Selection
• Southern Business & Development
• Trade & Industry Development
• Development Counsellors International
• CNBC America’s Top States for Business
Forbes Global 2000 for 2011
– Lowe’s– Duke Energy– BB&T– Bank of America– Progress Energy– Reynolds American– Nucor
– Goodrich– VF– Lorillard– Labcorp– Family Dollar Stores– SCANA– First Citizens
Other World-Class Assets
• Research universities• IMBA program• Technical college systems• 4 of top 50 high schools• RTP and NC Research Campus• CU-ICAR
Other World-Class Assets
• Transportation network
• Foreign trade zones• Cargo hubs
• Healthcare
• Tourism/natural beauty/golf
Nexsen Pruet
• 180 attorneys in 8 offices • Represent companies from approx. 25 countries doing business in U.S.
• Regional clients doing business worldwide
• And many of the region’s main banks, developers, hospitals, manufacturers, and universities
Selected Practice Areas
– Antitrust– Bankruptcy– Business litigation– Economic
development– Employment and
labor – Environmental– Financial services
– Governmental affairs– Healthcare– Immigration– Intellectual Property– Mergers and
acquisitions– Real estate– Tax
Some Recent Recognitions
• Only firm recognized for a top economic development practice in both NC and SC by Southern Business and Development
• Only SC firm ranked in Band 1 in each area rated by Chambers USA
Some of Recent Recognitions
• Most first-tier rankings in SC in U.S. News – Best Lawyers® “Best Law Firms”
• Over one-third of attorneys in Best Lawyers®