Catholic Renewal held its Third Annual Cocktail Reception at the Kirkland & Ellis Conference Center on Monday, September 9. The event, hosted by Kirkland & Ellis LLP and attended by His Eminence, Edward Cardinal Egan along with more than 250 attorneys and members of the corporate restructuring industry, raised more than $300,000 for Catholic Charities to feed the hungry throughout the Archdiocese of New York. Now, as one of five families with children in the 10 counties of the Archdiocese of New York does not have enough to eat, receiving a hot meal is key to their survival.
The reception honored Barry W. Ridings, Managing Director of Lazard Frères & Co. LLC and member of the Catholic Charities Board of Trustees, for his steadfast commitment to the Catholic Charities of the Archdiocese of New York and its commitment to serve those in need. Mr. Ridings was unable to attend the event due to the unexpected loss of his mother. His sons, Jason and Alexander Ridings, accepted a tribute book on his behalf.
“Giving is very important to my father,” said Jason Ridings. “He has set an example for us to follow.”
Catholic Renewal founding member Mark McDermott of Skadden, Arps, Slate, Meagher & Flom spoke about the inspiration that defines this group. Founded in 2010 during one of the nation’s worst economic downturns, Catholic Renewal is a group of Roman Catholic professionals in the corporate restructuring industry committed to building a community and network based on faith and service to provide charitable assistance to individuals and groups in need.
“The word ‘Renewal’ in our name, ‘Catholic Renewal,’ has a dual meaning,” explained Mr. McDermott. “It refers to what we do as restructuring professionals. As I never tire of repeating, we are privileged to be part of the only economic and legal system in the world that allows us to help troubled enterprises try to ‘renew’ themselves: to preserve value; to obtain a fresh start; to preserve jobs.”
Catholic Renewal expressed its deep appreciation for its lead sponsors at the event. These include Ann and Barry W. Ridings, Fried, Frank, Harris, Shriver & Jacobson, LLP, Jones Day, Kirkland & Ellis LLP, Lathan & Watkins LLP, Marotta Gund Budd & Dzera, LLC, and Skadden, Arps, Slate, Meagher & Flom. Brenda Adrian, Victoria Creason and Deirdre McGuiness served as chairpersons for this event.
“We don’t live in a tale of two cities, but rather one city where people who have a little or a lot more help those who have who have a little or a lot less,” stated Executive Director Msgr. Kevin Sullivan of Catholic Charities. “We greatly appreciate these generous gifts that create hope and Catholic Renewal’s dedication to serve individuals regardless of their religion, everyday, always with dignity and compassion.”