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Guest Blogger: Patricia Smitson

Trish is the Partner-in-Charge of the Cincinnati office of Thompson Hine and is a member of the firm's Commercial & Public Finance group. She previously served as a member of the firm's Executive Committee.

Trish has substantial experience in handling corporate financing transactions, including tax-exempt and taxable bond issuances, asset securitizations, commercial paper conduit warehousing facilities and line of credit borrowings. She has also represented parties in connection with letters of credit and interest rate protection products.

Trish has significant experience in the student loan industry and has represented state, regional and national student loan secondary markets and loan originators. She has counseled clients on matters relating to the federally guaranteed student loan program and private consumer loans. She has also counseled student loan authorities in connection with conversions from tax-exempt status to for profit status, including making an election under Section 150(d) of the Internal Revenue Code, acting as independent counsel to the board of directors and working on issues relating to the post-conversion sale of stock of for-profit subsidiaries.


Post 3 - A good place for women and celebration
Posted By: Patricia Smitson, 5/1/2008
One of my personal "top tips" for what women should do to succeed in their careers is to "enjoy the climb and take time to celebrate successes".  The reasons are obvious. Work is hard and it's important to make sure that you are finding ways to rise above the daily grind and enjoy yourself along the way. 
 
And one of the best ways is to celebrate - not just personal successes, but also the achievements of other women.  These celebrations increase the visibility of successful women in our community, give powerful role models to other women and provide enjoyable networking opportunities.
 
Cincinnati has a long tradition of high profile celebrations honoring women.  On April 22, The Enquirer's Women of the Year event attracted a sold out crowd of 1000 people to honor the volunteer work of ten exceptional women.  This is the 40th year that The Enquirer has hosted the event and Margaret Buchanan, Enquirer president and publisher, noted that "this time honored tradition has recognized a total of 401 phenomenal women for their work in our communities." This year's winners were Holly Collinsworth, Amelia Crutcher, Yvonne Gray, Beth Guttman, Carrie Hayden, Suzanne Kathman, Ruthann Sammarco, Marcella Trice, DeeDee West and Judith Wimberg. Their volunteer contributions are varied and far reaching and include chairing the board of the United Way, working for the arts, raising money for The Alzheimer's Association and for renovating Highlands High School, and helping homeless, low-income and elderly citizens. 
 
On April 29, the YWCA of Cincinnati holds its 28th annual Career Women of Achievement Awards celebration luncheon.  The event was established in 1980 to increase community awareness and appreciation for the diverse contributions of women in the workforce and the community.  Eight women who have positively influenced the community and their particular industries will be honored at another sold out event of 1500 people that has become one of the most illustrious events in Greater Cincinnati. This year's honorees are Laura Brunner, Managing Principal, Colliers Turley Martin Tucker, Virginia Drosos, President, Global Personal Beauty, Procter & Gamble, Crystal Faulkner, Partner, Cooney Faulkner and Stevens, Dr. Uma Kotagal, Senior Vice President, Cincinnati Children's Hospital Medical Center, Sandra Meyer, President of Duke Energy in Ohio and Kentucky, Celine Piri, President and CEO, TariCel Management Staffing, Monica Posey, Vice President of Academics, Cincinnati State, and Maribeth Rahe, President and CEO, Fort Washington Investments.
 
An interesting dynamic with these two events is the number of women who have been recognized by both organizations.  Several women were first honored by the YWCA for their career achievements, and were subsequently recognized by The Enquirer for their community leadership, including Charlotte Otto, Cynthia Booth and this year's Yvonne Gray.  Other women were first honored by The Enquirer, and then channeled their community work into successful careers, like Dianne Dunkelman, founder and CEO of National Speaking of Women's Health. These awards illustrate the truth in the adage that if you want something done and done well, give it to a busy person. Another very positive dynamic resulting from these events is the connection established among the winners. Both events have produced hundreds of alumni who are proud to be part of such esteemed groups and now support each other in their career and community endeavors.
 
There are other wonderful events in Cincinnati that celebrate women's' successes.  The Leading Women award started in 1995 with a mission to celebrate the 75th anniversary of the 19th amendment to the U.S. Constitution that gave women the right to vote. Each year,  approximately 20 women are recognized as leaders in many different categories, including science, arts, volunteer service, entrepreneur, law, media and ministry, among others. A newcomer to Cincinnati is the Athena Award program that held its first events in Cincinnati in 2006 and 2007.  The Athena Award is part of an international organization that is devoted to supporting, developing and honoring women leaders. Both of these programs recognize their honorees at luncheons that are open to the public and are upbeat, fun to attend and excellent networking opportunities.
 
One of my favorite celebration venues is the YWCA Women's Art Gallery, located in the YWCA's downtown headquarters at 898 Walnut Street.   Founded in 1993, the purpose of the Gallery is to promote local women artists and is the only Cincinnati area art gallery exclusively for women's art.   The Gallery hosts lively, well-attended opening receptions to celebrate the launch of each new show. The Gallery is also open to the public Monday through Friday.
 
These are just a few of the events that are dedicated to honoring and celebrating women in our community.  Tell us about others.  And in your busy life, take time to join the celebration!
 
Post 2 - A good place for women and networking
Posted By: Patricia Smitson, 4/30/2008
I think one of the most valuable things that women can do to advance their careers is to take advantage of networking and mentoring opportunities. I put networking and mentoring in the same category - because I think that they go hand in hand as a lot of informal mentoring (the best kind!)  comes from the social interactions and deep relationships we develop through networking.
 
I have read many articles about the failure of business women to network and use our network connections to advance our careers.  The articles say that we should learn from our male counterparts on this important technique. There are many different kinds of networking events. For example, I have heard for years about the important business deals that are negotiated on the golf course by businessmen. Spectator sports like baseball and football are also popular with our male peers - and are certainly available to women.  But I think Cincinnati career women are finding new and perhaps more female friendly ways to interact with other working women.
 
As I mentioned in my first blog, many law firms and accounting firms host events that focus on connecting their professionals with women clients and prospective clients. My law firm, Thompson Hine, has developed the Spotlight on Women initiative that offers a mix of educational events and purely social gatherings throughout the year.  In the past we have sponsored seminars on sharpening negotiation skills for women (in the courtroom, at the closing table and in the workplace) that provide CLE (continuing legal education) credit to our guests, followed by wine tasting and mini spa treatments. We get educated, relaxed and manicured - a perfect mix!  Who needs golf?
 
A very popular networking event in Cincinnati is the quarterly bizwomen breakfast series presented by the Business Courier and sponsored by National City, U.C. Surgeons, Health Alliance and Thompson Hine.  Over 300 women gather at 7:30 a.m. to participate in roundtable discussions and hear a keynote speaker talk about her career challenges and successes.  The next bizwomen event is on May 2 at the Cincinnati Museum Center and the speaker is Sister Marie Thrailkill, President of the College of Mount St. Joseph. Check the Business Courier for details on upcoming events.
 
Excellent networking opportunities are available through various leadership development programs.  The Cincinnati Chamber of Commerce sponsors the Women Excel WE Lead Program, as well as the co-ed Leadership Cincinnati and C-Change programs. The YWCA offers the Rising Stars program for women between the ages of 25 and 40 who are rising in their careers and want to connect with Career Women of Achievement winners and other rising career women. The Urban League, the West Chester Chamber and the Northern Kentucky Chamber also offer leadership programs. Selection to these programs is competitive and participation requires an extended commitment of time over several months.  But the rewards are great in terms of learning about the community and interacting with the next generation of leaders in our region.
 
Career women can also network through their participation on nonprofit boards and related fundraising events.  Cincinnati's nonprofit organizations, especially the arts, have strong support from the business community and provide a worthwhile venue to interact with the area's power brokers. The key to reaping the most benefit of course is to undertake a significant project and produce outstanding results in order to build your credibility with this important audience.
 
One of my most valuable and enjoyable networking experiences has been through my membership in the Women's Capital Club, an investment club launched over 10 years ago by a group of 40 women. A requirement of membership is either notable career success or significant community volunteer activities (or both!).  The membership roster includes many high profile women leaders. The main goal of the Women's Capital Club is to learn about investment strategies and grow our portfolio. But a significant by-product has been the opportunity to interact with the other members in a relaxed and fun setting - and to establish connections that we can count on to support each other's business and community interests.
 
These are just a few examples of networking opportunities that I know about.  I am sure that there are many more worthwhile events and programs - in fact, tell us about them!  The main message is that career women should make every effort to take advantage of the events and programs in order to get connected with other working women.  Follow an example that has worked in the past for men and create the Old Girls' Club!  And use those connections to enhance your career and to support other women who are rising in the Cincinnati business community. 
 
Post 1 - A Good Place for Women
Posted By: Patricia Smitson, 4/28/2008
Recently, I was one of several women interviewed by Stepfanie Romine of the Enquirer for an article she was writing about some past and current winners of the YWCA Career Women of Achievement award and how women are doing in Cincinnati. She quoted me as saying: "This is a really good time for women in Cincinnati. We have some terrific women in very visible leadership roles."  If you missed Stepfanie's article, search for 'A Good Time for Women' in the Business Section of the Sunday, March 16, 2008 edition of the Enquirer. 
 
I want to elaborate on my view that Cincinnati is a good place for women to achieve leadership positions. The list of high profile women in key roles is impressive and grows each week.  And numbers do count.  So I want to note a few of the women who are changing the face and fabric of doing business in Cincinnati.
 
Perhaps best known is Dr. Nancy Zimpher, President of the University of Cincinnati, who is revitalizing U.C., raising the bar for students and faculty and finding ways to connect the university with the economic growth of the region. Other women in notable positions are Margaret Buchanan, Publisher of the Enquirer, Kathryn Merchant, CEO of the Greater Cincinnati Foundation, Ellen van der Horst, CEO of the Cincinnati USA Regional Chamber of Commerce, Kay Geiger, recently appointed Regional President of PNC Bank, Susan Croushore, CEO of Christ Hospital, Sandra Meyer, President of Duke Energy Ohio-Kentucky, Charlotte Otto, Global External Relations, P&G, Susan Arnold, President, Global Business, P&G, Maribeth Rahe, CEO of Ft. Washington Investment Advisors and Charlene Ventura, CEO of the YWCA. All of these women were recognized as part of "The Power 100 - the Tristate's Most Influential People" - by Cincy Magazine (February 2008). 
 
Other successful women who are leading and owning their businesses are Cynthia Booth, CEO of COBCO Enterprises, who owns seven McDonald's franchises and works on national initiatives for McDonald's, Janet Reid, CEO of Global Lead Management, who travels throughout the world as a consultant to significant international companies on diversity and workplace issues, Candace Kendle, Chairman/CEO of Kendle International Inc., a publicly traded company medical research company with operations inside and outside of the U.S., and Tillie Hidalgo Lima, CEO of Best Upon Request, a concierge service to major corporations and building owners.
 
Women are also leading significant nonprofit organizations. A few outstanding examples are: Dianne Dunkelman, founder and CEO of National Speaking of Women's Health, delivering health and wellness information to tens of thousands of women each year through workshops, books and the internet, Donna Jones Baker, CEO of Urban League of Cincinnati, advancing the mission of eliminating the barriers of racism and leveling the playing field for African Americans, Sara Peller, CEO of the Red Cross of Cincinnati, providing care and shelter to victims of emergencies, and Shannon Carter, founder and CEO of Crayons to Computers, providing a warehouse of school supplies to the area's teachers. 
 
Arts organizations are becoming well represented by women leadersMary McCullough-Hudson is President and CEO of the Fine Arts Fund, D. Lynn Meyers is Artistic Director of the Ensemble Theatre of Cincinnati, Victoria Morgan is Artistic Director and CEO of the Cincinnati Ballet and Patty Beggs is General Director and CEO of the Cincinnati Opera.
 
Women are making an impact in government positions. Hon. Sandra Beckwith and Hon. Susan Dlott serve as United States District Judges and several of our elected municipal and common pleas court judges are women. Cincinnati City Council includes Laketa Cole, Leslie Ghiz and Roxanne Qualls (former Mayor of Cincinnati).  This fall two women will compete for the Second District seat to the U.S. House of Representatives, incumbent Jean Schmidt and challenger Victoria Wulsin. Captain Terry Theetge is the new police commander of District 1 and Marilyn Shazor is the new President and CEO of Queen City Metro. And not to be overlooked are the many lawyers, doctors, accountants and other professionals who are succeeding in formerly male dominated arenas.
 
I am a lawyer with Thompson Hine, a firm of over 400 lawyers with offices in Atlanta, Cincinnati, Cleveland, Columbus, Dayton, New York, Washington, D.C., and Brussels, Belgium.  I was the first woman elected to the firm's Executive Committee in 1999 and since 2001, I have been the Partner in Charge of the Cincinnati Office, the firm's second largest office with approximately 70 attorneys.  During my nearly 30 year career, I have seen significant changes in my profession. Women regularly take the lead in our client's most important litigation cases or transactional matters and are asked to assume key management responsibilities at the firm. Just as noteworthy are the programs that most large firms have implemented to focus on women's issues. Thompson Hine has the "Spotlight on Women" initiative that has a two fold purpose of  providing mentoring and support to our associates as they strive to balance the demands of family and career and of providing networking opportunities with our women clients.
 
The women identified above are only a FEW of the women I know and respect.  They are just a representative sample, but I hope they make the point that there are significant opportunities for women to rise to the top of their professions. However,  the picture is not perfect in Cincinnati.  Even with this impressive list of women, we are still under represented in terms of the numbers of women who are in the top positions of every sector.  And in my own legal profession, approximately 30 percent of the nation's lawyers are women, but only about 15% are partners. 
 
Tremendous progress is being made.  And my personal view is that when women see other women succeeding, that gives the evidence and encouragement that more women can reach their goals. This is not just a "woman's issue".  When our community sees high profile women making significant contributions, more doors are opened for businesses, professions and government to select the best qualified person for the position regardless of gender.  I think Cincinnati is establishing a strong framework to make that a reality. 
 
What do you think?