Former Chairman of the Executive Committee of Baker & McKenzie Christine Lagarde was elected Managing Director of the International Monetary Fund on June 28. The first woman to hold this post in the IMF's 66-year history, she will lead the organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Eduardo Leite, Chairman of Baker & McKenzie's Executive Committee, paid this tribute to Mme. Lagarde: "After joining Baker & McKenzie in 1981, Christine Lagarde demonstrated the essential qualities of an exceptional leader, including intellect, discipline, diplomacy, humanity and more. She had a global perspective and was at home in every culture and country. She was a good listener and consensus-builder, yet decisive. She was warm, friendly and outgoing, consistently showing grace and humanity. These positive qualities and many others helped Christine to earn the trust, respect and admiration of our clients, lawyers and professional staff around the world. As the first female chair of a global law firm and an effective, inspiring leader, Christine took Baker & McKenzie to new heights, leaving a lasting impression on our Firm and on the legal profession."