Independent Technology & Equipment Lessor • Strategic Partners

Press Releases

CoreTech Leasing’s President, Scott McFetters, to Speak at the ALA Annual Conference

Newport Beach, CA – May 4, 2016 – Independent technology and equipment lessor, CoreTech Leasing, Inc., announced today that the company is exhibiting and sponsoring at the ALA Annual Conference in Los Angeles at booth #806. CoreTech’s President, Scott McFetters, will present “Mergers, Moves and Leasing” on Monday, May 23rd at 3:30 pm PST focusing on strategic flexibilities offered by leasing a firm’s technology and equipment in multiple situations. The conference, held from May 22nd through May 25th, is one of the largest events of the year for the legal industry.

Law firm mergers are currently at an all-time high, with Altman Weil reporting 91 mergers in 2015 – the largest number since polling began in 2007. Acquisitions and the drive to improve profitability by reducing office space are also top concerns for law firms. Scott’s session will explore how leasing is optimally suited for a world of rapid transitions, and how leasing can give firms the flexibility and quick decision making needed to implement a successful merger, acquisition or relocation.

Scott’s talk is aimed toward seasoned legal administrators who need to make decisions on how to strategically procure technology and equipment while making budget, and anticipating potential needs for flexibility. Attendees will be engaged in analyzing mergers, moves and acquisitions and assessing the strategies leasing provides in acquiring state of the art equipment, hardware, services, and software implementations and upgrades. “Mergers, Moves and Leasing” will empower attendees to develop best practices and determine the best finance decision-making processes for their firms’ needs.

CoreTech Leasing has been a proud, long term sponsor of the ALA Conference and Expo, which is a primary resource for legal administrators and professionals. This year’s conference is expected to have an exhibition hall featuring over 200 vendors, in addition to educational tracks and sessions featuring top thought leaders from across the legal industry.

“The ALA Annual Conference and Expo is one of the most important events of the year for law firms and legal administrators,” says McFetters. “We’re proud to once again be part of it. I will look forward to providing law firm administrators with much-needed tools to understand how to leverage leasing as a highly beneficial financial tool, especially for a law firm market that continues to flex and contract in a very competitive marketplace.”

To read Scott’s article, “Leasing Strategies in a World of Flux,” published in Law Journal Newsletter’s Accounting and Financial Planning for Law Firms, click here.

To download the full press release, click here.

CoreTech Leasing Welcomes Distinguished Sales Veteran, Bill Pitcairn

Newport Beach, CA – April 11, 2016 – Independent technology and equipment lessor, CoreTech Leasing, Inc., today announces that highly regarded sales veteran, Bill Pitcairn, has joined the team as Senior Account Manager. A well-known and highly regarded professional, Pitcairn brings to CoreTech three decades of top tier industry experience in the finance industry and a stellar track record building successful client relationships.  Bill will continue to build CoreTech’s relationships across multiple markets including the medical, education and semiconductor industries.

Pitcairn possesses a distinguished track record in the finance industry, leading all facets of sales functions with an emphasis on strategic planning and revenue growth.  During his tenures across several crucial sectors, Pitcairn’s expertise led him to be elected to Comdisco’s CEO Executive Sales Council where he closed upwards of $160 million in lease and financing structures in one 18-month period, and managed the two largest leasing relationships at AT&T and Verizon.

Bill served as VP of the Northeast Region for GE Capital where he was awarded as one of the company’s top salesman over multiple years; previously as well, Bill was Vice President of Sales at Presidio Technology Capital where he led a multi-million-dollar managed services contract with a major university, and most recently served as Vice President of First Financial Corporate Services.

Pitcairn’s appointment is a substantial addition to CoreTech’s executive team and strengthens the company’s abilities to continue to serve current as well diversify its client base, including an ongoing expansion into the medical, education and semiconductor industries where his leadership will be essential.

 

Scott McFetters, President of CoreTech Leasing, remarked, “We’re pleased to bring a finance veteran of Bill’s caliber onto the CoreTech team.  Bill’s relationships and expertise across the medical, education and semiconductor markets will be invaluable assets to CoreTech clients as we continue to expand our growth in these areas.  We look forward to Bill’s leadership, integrity and tenacity, and welcome him heartily to the team.”

 

Bill Pitcairn added, “I’ve known Scott McFetters and the CoreTech team as highly regarded professionals in the finance industry for many years now.  I am delighted to join the CoreTech team of experts and leverage my diverse knowledge and expertise to continue building on CoreTech’s excellent reputation in the finance market and drive further value for their clients.”

 

To download the press release, click here.

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.

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.

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.