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Best Lawyers Award Badge

Patricia Cain Featured in Profiles in Diversity Journal’s 8th Annual Women Worth Watching®

The annual Women Worth Watching® issue profiles leading business and professional women who are nominated by their colleagues, peers and mentors for their initiative and achievements.  Women of purpose and drive who represent diversity within their spheres of influence are selected for this distinction.

Patricia S. Cain

Partner
pcain@nge.com
T: (312) 269-8032
F: (312) 429-3545

Patricia S. Cain advises employers on a broad range of employee benefit matters, including counseling employers on the design, implementation and administration of broad-based pension and health care plans and executive compensation arrangements. She represents employers in ruling requests and controversies before the Internal Revenue Service, Department of Labor and Pension Benefit Guaranty Corporation. She also represents employers and benefit plans in disputes arising under benefit plans, both in the administrative claims process and in federal court.

Patty’s representation of employers includes the following:

  • Preparing or reviewing plan documents and participant communications for alignment with employer’s objectives and legal compliance;
  • Educating employees who are fiduciaries on their responsibilities with respect to benefit plans;
  • Advising employers on proposed changes to benefit plans to meet the employer’s objectives; and
  • Assessing costs and risks associated with benefit plans in connection with buying or selling a business.

Patty also represents executives in negotiating employment agreements and severance arrangements, including negotiating equity participation and other benefits following an acquisition of the executive’s employer.

Also, Patty advises funds on the ERISA aspects of their formation documents and operations. In addition, she advises investors with respect to ERISA considerations impacting their investments in hedge funds, private equity funds and managed accounts.

Patty uses her professional knowledge as a member of the board of directors of Lutheran Social Services of Illinois, a not-for-profit social service agency. In addition to being a board member, Patty chairs the Retirement Plans Committee.

Patty has been recognized as a leader in Chambers USA: America’s Leading Lawyers for Business (recommended in “Labor & Employment: Benefits & Compensation”) since 2008. Patty has been included in the 2014-2018 editions of The Legal 500 United States (recommended in Employee Benefits and Executive Compensation). She has also been included in The Best Lawyers in America (within Employee Benefits) since 2007. In 2014, Patty was selected as a Top 10 Employee Benefits Lawyer in Illinois by Leading Lawyers, and has been listed as an Illinois Super Lawyer since 2005. Patty was also presented with the “2016 Women of Influence Award” by Chicago Business Journal.

While in law school, Patty was a member and executive editor of the Northwestern Law Review and a member of the Order of the Coif.

Professional Involvement:

  • Member of the Board of Directors of Lutheran Social Services of Illinois and Chair of the Retirement Plans Committee.

Education

  • Northwestern Pritzker School of Law (J.D., 1977), magna cum laude
  • Georgetown University (A.B., 1974), summa cum laude, Phi Beta Kappa

Bar Admissions

  • Illinois, 1977
  • New York, 1984
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