Independent Technology & Equipment Lessor • Strategic Partners

Press Room

CoreTech Leasing Welcomes Industry Leader, Chuck Dale, to the Executive Team

Newport Beach, CA — March 18, 2015 – Independent technology and equipment lessor, CoreTech Leasing, Inc., today announces that equipment leasing industry veteran, Chuck Dale, has joined CoreTech Leasing as Senior Vice President of Operations and Syndications.  Dale’s onboarding solidifies the company’s strategic growth trajectory, strengthening its presence in current markets as the company continues successful expansion into new verticals and recruitment of top tier sales personnel.

Chuck is a known leader in equipment leasing and is exceptionally well-regarded for his depth and breadth of expertise in multiple markets as well as for his managerial acumen demonstrated over all aspects of the leasing lifecycle, from sales to the end of the lease process.

Chuck acquired his vast experience in leasing markets, credit and risk assessment through decades of serving in senior management positions at global and Fortune 500 companies including as Senior Vice President at Macquarie Corporate & Asset Finance, Comdisco, and GE Capital.  During these tenures Chuck demonstrated his abilities to drive income and new lease volume, and took leading roles in strategic diversification projects, encompassing opportunities in new equipment markets.

In his role as Senior Vice President of Operations and Syndications at CoreTech, Chuck brings his leadership and top tier industry expertise to bear upon CoreTech’s relationships as he develops, oversees and enhances all aspects of CoreTech’s operations.

Read the rest of the release here.

Leasing Strategies for the Semiconductor Industry

This article appeared in the March 2015 edition of Law Journal Newsletters Equipment Leasing Newsletter.

There is no denying that the future looks bright for the semiconductor industry, with experts forecasting impressive growth in 2015. While this is encouraging industry news, semiconductor companies are still facing the complex mix of rapid change, increased competition, innovation pressures and rising equipment costs.

What are financial strategies that can help semiconductor manufactures to succeed? In this article,  Gary Atkins, VP of Deiversified Technologies at  CoreTech Leasing, Inc., lays out the industry challenges and how leasing can be a strategic solution. In particular, Gary argues that leasing strategically enables manufacturers to employ a financial tool which  mirrors the useful life of technology and, therefore, is a lean tool in a market won in the margins.

Click here to read the article now.

Leveraging Leasing Can Alleviate Law Firm Security Pressures

This article appeared in the Spring 2015 edition of Thomson Reuter’s Elite Forefront.

By Scott McFetters.

We know the consumer industry stories of hackers infiltrating Target and, more recently, Home Depot:

“Here’s the thing about breaking into a multi-billion-dollar company and stealing the credit card information of millions of customers: It’s just not that hard.” From Mashable.com

Law firms are now at the center of the storm because they store some of their clients’ most sensitive business information and are viewed by criminals as a less defended path to that data. Firms must take care to understand and respond to evolving security trends and response strategies.

In this article, “Leveraging Leasing Can Alleviate Law Firm Security Pressures ”, Scott McFetters examines how law firms can navigate the current security landscape and ease these security pressures by strategically leveraging leasing.

Read the article to find out how your law firm can enjoy the benefits of leasing while reducing security and IT pressures.

Click here online to read the article online or click here to download.

At LegalTech: How to Ensure Your Firm is Ready for Today’s Security Challenges

This article appeared on the Legal IT Professionals website on February 2, 2015. 

By Scott McFetters.

Security is not a new concern for law firms. However, with news of breaches—including just this January when tens of thousands of phishing email scams were sent, looking as if they came from some of the top US law firms–persistently hitting the headlines, so too are clients’ demands to increase security measures.

It is no surprise that the subject dominates much of LegalTech New York’s 2015 agenda. LegalTech is always one of the best conferences for the legal industry to discover innovative products to meet their current and future technology needs. But law firms may be questioning how the necessary new security products, updates and releases showcased at LegalTech can fit into their budget.

Click here online to read the article online or click here to download.

CoreTech Leasing Expands Operations into Semiconductor Industry

Newport Beach, CA — December 3, 2014 – Independent technology and equipment lessor, CoreTech Leasing, Inc., today announces it will be entering a new vertical by expanding into the semiconductor industry. With Gartner projecting semiconductor capital equipment spending to increase 15% in 2014 to a total of $38.5 billion, followed by projected increases through 2018, CoreTech’s leadership has seized the opportunity to continue to diversify the firm’s portfolio and expand earnestly into this market.

Backed by decades of knowledge and expertise, CoreTech is equipped to expand into this new vertical. CoreTech is a 2014 SEMI.org member, has developed relationships with accomplished semiconductor professionals as associate advisors and has recently brought on a highly regarded and richly experienced professional to the CoreTech Team, Gary Atkins.

Gary was a founding member in the launching and successful implementation of two Fortune 500 Equipment Leasing Companies including Comdisco Electronics Group, with his division originating $3.6 Billion in asset-based business. Gary was also an original member Babcock & Brown Electronics Management (BBEM) LLC, a $400M originated asset based business. Gary has been instrumental in developing new and innovative products and services to the benefit of both customers and vendors, and has successfully managed teams inside and outside his organizations to meet overall business goals.

Gary brings long term relationships and a deep breadth of industry expertise to take the lead on CoreTech’s relationships with OEMs (Original Equipment Manufacturers) and IDMs (Integrated Device Manufacturers) on both front end manufacturing and back end test and lab equipment.

Scott McFetters, President of CoreTech Leasing, said, “CoreTech is excited to tackle a new vertical and to provide our services in the rapidly growing semiconductor market. We’re pleased to welcome such an experienced and high-caliber industry professional such as Gary onto the CoreTech team to support this expansion. Gary adds decades of experience and his extensive knowledge of the semiconductor industry will be instrumental to diversifying CoreTech’s portfolio.”

Gary Atkins, said, “Scott has built an impeccable reputation for himself and CoreTech. I am excited to further expand CoreTech’s reputation of professionalism, credibility and expertise into the semiconductor market.”

Download the release here.

When Moore Means Lease–and Keeping Pace with Changes in Technology

This article first appeared in the April 2014 issue of Law Journal Newsletter’s Accounting & Financial Planning for Law Firms.

By Mike Henderson

 “Moore’s Law is the observation that over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years. The law is named after Intel co-founder Gordon E. Moore, who described the trend in his 1965 paper.  His prediction has proven to be accurate.” Wikipedia

The principals of Moore’s Law have provided the framework for the pace of change in technology since that seminal white paper was published in 1965 not to mention one of the fundamental arguments in favor of leasing that technology.  That was, according to Intel executive David House, who predicted that chip performance would double every 18 months—meaning  that what you buy today—if you are on the very forefront of the trend–becomes obsolete in that 18 month timeframe.  Given this cycle, purchasing technology outright dissuades the user from keeping pace with the newest technology trends.

Click here to read the full article.

Lessons and Best Practices for Vendors and Lessors at LegalTech

By Scott McFetters

This article first appeared February 3, 2014 on  Legal IT Professionals website.

All of the end of the year surveys in 2013 and initial predictions for 2014 point to a robust outlook for the upcoming year-including increased hiring and a gain in demand for services. That’s welcome news for law firms and the vendors that service them.

Click here to read the full article.

Predictability, Technology Change Cycles, and Increasing Client Demands

How Ted Gerber of Hawkins Parnell Thackston & Young Met the Challenges Through Leasing

This article first appeared in the November 2013 issue of Law Journal Newsletters Accounting & Financial Planning for Law Firms

We talked to Ted Gerber, Director of Data Systems at Hawkins Parnell Thackston & Young LLP (HPTY), a firm which has embraced forward thinking on the technology front, including the bring-your-own-device (BYOD) culture, as well as having been in the advantageous position of experiencing significant expansion over the past decade. HPTY has selected leasing as the most strategic decision for their firm. Ted’s recommendation? “Begin with the end in mind.” Here’s what he means.

Click here to read the full article.

How Law Firms Can Strategically Leverage Leasing

By Scott McFetters and Mike Henderson

This article first appeared in the September 2013 issue of Legal Management magazine.

The need for law firms to be better, stronger, faster is reflected everywhere, including the annual Altman & Weil Law Firms in Transition Survey.  Here are a few significant take-aways we found interesting:
1.  Firm leadership is less confident about being prepared for change, while a large percentage of partner-participants rated
their peers as ‘not receptive’ to change.

2.  The result is ‘internal drag’ from partners who don’t understand the need for change.

3.  On the question of ‘more price competition’, in 2009 about 42% of respondents said this was a permanent change. In the most
recent survey, almost everyone (95% of respondents) agree.

At the same time, Harvard Business Review author, Rita Gunther McGrath, suggests that in the new economic climate, decision makers should focus on positioning companies to remain flexible and agile, pushing to shorten decision cycles in order to position
themselves competitively.

It’s no secret that law firms tend to be behind the curve when it comes to change.  It is also no secret that the new landscape for the legal market demands it.  At a recent major global event, PwC leaders discussed market trends, law firm profitability, and how to move forward in the new legal model.

Click here to read the full article.

Rembrant/Not Rembrandt: Finding the Win-Win in your Firm’s Technology Leases

By Scott McFetters and Mike Henderson

This article first appeared in the April 2013 issue of Law Journal Newsletters Accounting and Financial Planning for Law Firms.

About 20 years ago, the Metropolitan Museum of Art in New Your City organized an unusual exhibition title “Rembrandt/Not Rembrandt”

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