William R. Rakes

Attorney in Roanoke, VA
William Rakes is a senior Partner with Gentry Locke. Bill served for more than 20 years as Managing Partner, during which the firm grew from nine attorneys to its current scale of more than 50. He presently chairs the firm's Banking and Finance Group. His practice consists of advising banks and other financial entities on governance, regulatory and securities matters, and handling commercial litigation matters for a wide range of businesses. Bill is a fellow in The American College of Trial Lawyers and in The American Academy of Appellate Lawyers. He has served as President of the Virginia State Bar and on the Board of Governors of the American Bar Association. Bill is consistently noted as a Virginia Super Lawyer in Business Litigation and is recognized among the Best Lawyers in America in several categories, including Antitrust Law, Appellate Practice, Banking and Finance Law, Bet-the-Company Litigation, Commercial Litigation, Corporate Law, Financial Services Regulation Law, Litigation - Banking and Finance, and Litigation - Mergers and Acquisitions.

A quick handshake
Trials, and scores of appeals
Practice areas noted for by by Best Lawyers in America
Years at this firm
Children and grandchildren
Had you not chosen law, what career might you have pursued?

I considered nothing but law. I was on the high school debate team; I liked speaking; I watched Perry Mason; and the man I most admired in our community (aside from my father) was a lawyer. All of this had a great influence on my career choice.
You take great pride in the work you do. Tell us what this firm means to you.

We are a law firm made up of real people with a strong diversity of services. One thing we all focus on is being a great law firm that puts our clients at the forefront. I take enormous pride and pleasure in the quality of the lawyers and the reputation the firm has earned.
What advice do you share with new lawyers joining the firm?

There is no substitute for thorough preparation.
What is the most important step in your morning routine that you try to never skip?

I may skip a lot of things, including breakfast on occasion, but I never skip putting on a necktie.

library
13 Gentry Locke Attorneys Featured in 2014 Super Lawyers US Business Edition News Nov 2014
Twenty-One Gentry Locke Attorneys Earn Best Lawyers Designations and One Lawyer of the Year News Aug 2014
Ten Recurring Themes and Techniques in Defending Breach of Contract Cases Articles Jun 2014
27 Gentry Locke Attorneys Named to Lists of 2014 Virginia Super Lawyers and Rising Stars News Jun 2014
Thirteen Gentry Locke Attorneys Named to Super Lawyers Business Edition US News Nov 2013
Twenty-two Attorneys named to 2014 Best Lawyers in America list; Firm Ranked in Tier 1 for Best Law Firms News Aug 2013
Twenty-five Gentry Locke Attorneys Named to Virginia Super Lawyers for 2013 News Jun 2013
2013 Top Rated Lawyers at Gentry Locke News Oct 2012
Three Gentry Locke Attorneys Named 2013 Roanoke Lawyer of the Year News Oct 2012
Super Lawyers Business Edition US Lists Thirteen Gentry Locke Attorneys News Sep 2012
Twenty-four Gentry Locke Attorneys Named Best Lawyers News Sep 2012
Twenty-four Gentry Locke Attorneys Named to Virginia Super Lawyers for 2012 News Jun 2012
Gentry Locke Attorneys Listed in 37 Legal Eagle Categories News Apr 2012
Gentry Locke Involved with First Significant E-Discovery Decision in Western Virginia Articles Feb 2007

Experience
• Represented world's largest computer manufacturer in patent infringement litigation involving its software effecting international sales over the Internet
• Represented international chemical manufacturer on product related litigation
• Represented Fortune 500 manufacturing company in defense of securities fraud class action litigation
• Represented contract coal mining company against large coal processor and mineral rights owner in contract and fraud litigation
• Represented corporation in shareholder dispute over sale of company which resulted in Supreme Court of Virginia rejecting the Delaware “ Revlon Rule”
• Represented officers and directors of failed life insurance company on their claim for indemnification which was upheld by Supreme Court of Virginia
• Represented approximately 100 royalty holders in litigation against coal bed methane gas operating company resulting in recovery of over 13 million dollars - largest jury verdict on record in U.S. District Court for Western District of Virginia
• Represented seller of automobile dealership in litigation brought by prospective purchaser with favorable result on appeal
• Represented hospital in suit against county on tax status with favorable result on appeal
• Defended lawyer who was sole beneficiary of a client's estate in litigation brought by a church which claimed to be the beneficiary under a prior will
• Defended executor and primary beneficiary in estate litigation. Successful appeal to Virginia Supreme Court
• Trial and appeal of case involving explosion wherein Virginia Supreme Court rejected the offensive use of collateral estoppel
• On-going representation of banks and other companies on business, governance and regulatory issues

Awards
• Inaugural recipient of the William R. Rakes Leadership in Education Award established by The Section on the Education of Lawyers in Virginia of the Virginia State Bar (2012)
• Listed as a Local Litigation Star by Benchmark Appellate (2012-2013)
• Recipient, Frank W. “ Bo” Rogers, Jr. Lifetime Achievement Award, Roanoke Bar Association (2010)
• Named “ Best Lawyers Roanoke Lawyer of the Year - Banking” (2009, 2013), “ Best Lawyers Roanoke Lawyer of the Year - Appellate” (2014), and “ Best Lawyers Roanoke Lawyer of the Year - Bet-the-Company Litigation” (2014)
• Repeatedly named one of The Best Lawyers in America in Antitrust Law (2003-2015), Appellate Practice (2011-2015), Banking and Finance Law (2011-2015), Bet-the-Company Litigation (2010-2015), Commercial Litigation (1993-2015), Corporate Law (2006-2015), Financial Services Regulation Law (2011-2015), Banking & Finance Litigation (2011-2015), and Mergers & Acquisitions Litigation (2011-2015)
• Named a Top Rated Lawyer for Commercial Litigation, Business & Commercial, Appellate law by American Lawyer Media (2013)
• Designated one of the “ FrontList 2008 Best of Business” by Valley Business Front magazine
• Named “ Leader in the Law” by Virginia Lawyers Weekly (2007)
• Named to Virginia Super Lawyers in the area of Business Litigation (2007-2014), included in Super Lawyers Corporate Counsel edition (2010) and Super Lawyers Business Edition US in the area of Business Litigation (2012-2014)
• Designated as one of the Legal Elite in the Civil Litigation field by Virginia Business magazine
• Named a “ Legal Eagle” for Antitrust Law, Bet-the-Company Litigation, Commercial Litigation, Corporate Law, Litigation - Banking & Finance, and Litigation - Mergers & Acquisitions by Virginia Living magazine (2012)

Published Work
The Care and Feeding of Directors in Uncertain Times: What Directors Expect from their Bank Management; Virginia Association of Community Banks, September 2008
Law Schools Must Act on Commitment to Diversity; ABA Student Lawyer, May 2007
Multidisciplinary Practice: A Paradigm Shift from Client Protection; Virginia Lawyer, April 2002
Mediation of the Business Divorce; Virginia Lawyer, July 1997
Conclaves on Legal Education: Catalyst for Improvement of the Profession; 72 Notre Dame Law Review 1119, 1997
Ethics and Professionalism: Starting in the Law Schools; Virginia Lawyer, October 1996

540-983-9374
Credit Cards Accepted
Client Rating N/A help_info
Submit a client review

Peer Rating 5.0 of 5

Areas of Law

  • Banking
  • Appellate
  • Business Litigation
  • Business & Corporate Trusts & Estates
  • Regulatory Compliance & Enforcement
  • Banking & Lender Liability
  • Administrative & Regulatory Disputes
  • Director & Officer Liability
  • Shareholder Disputes
  • Securities Litigation
  • Executive & Professional Contracts
  • Securities
  • Antitrust
  • Commercial Torts
  • Consumer Protection
  • I.P. & Technology Litigation
  • Unfair Business Competition & Trade Secrets
  • Counseling & Training
  • Employment & Non-Compete Agreements
  • State Law Claims
  • Termination Issues
  • Trade Secret and Non-Compete Disputes
  • Estate Planning
  • Commercial Insurance Claims

 

Peer Rating

av

Overall Peer Rating

5.0 out of 5.0
  • Meets very high criteria of general ethical standards
No feedback is available.
The individuals that have reviewed this lawyer have not provided any additional feedback.

Experience & Credentials

Position

Partner

Admission Details

Admitted in 1963, Virginia

Credit Cards Accepted
Mastercard
Visa
Additional Payment Information
  • Fixed Hourly Rates
  • Fixed Fees Available
  • Law School Attended

    University of Virginia School of Law
    Class of 1963
    LL.B.

    University Attended

    University of Virginia
    Class of 1960
    B.A.

    Associations & Memberships

    Affiliations
    • Chair, Section of Legal Education and Admission to the Bar, American Bar Association (2006-07)
    • Board of Governors, American Bar Associ... More

    Bar Fellowship

    American Bar Foundation
    •Fellow, Virginia Law Foundation

    Contact Information

    Phone

    540-983-9374

    Fax

    540-983-9400

    Email

    Send email to William R. Rakes


    Office Information
    William R. Rakes
    Partner
    SunTrust Plaza 10 Franklin Road SE, Suite 800,
    Roanoke, VA 24011

    Loading...

    Logo
    Gentry Locke Rakes & Moore, LLP (Roanoke, Virginia)

    About Client Rating
    About Peer Rating

    Welcome to Martindale-Hubbell® Client Review, a new ratings service that allows you to view and provide feedback on a lawyer or law firm on service and relationship qualities such as Communication Ability, Responsiveness, Quality of Service, and Value for Money.

    Determining a Rating

    The Client Review Rating is determined through aggregation of validated responses. This compilation of Client Reviews translates to a numerical rating and associate descriptive term on a scale of 1 -5. 1 being lowest as "Rated" and 5 being highest as "Preeminent".

    • 4.5-5.0 Preeminent
    • 3.0-4.4 Distinguished
    • 1-2.9 Rated

    Martindale-Hubbell uses a third-party resource to validate that the respondent is a living person, but cannot confirm the lawyer/client relationship, which in many cases is confidential. Clients must affirm that they are a client of the lawyer or firm identified for review at the time of the completed Client Review.

    The Reviewers

    Those who complete Client Reviews are clients of law firms who hired a lawyer within the last year, whose matter is not pending, and want to share their experience of that lawyer or law firm with other potential clients. Reviewers can be of any type from in-house counsel, corporate executives, small business owners to private individuals, and even sometimes another lawyer in a different jurisdiction.

    Anonymity

    Client Reviews are anonymous and reviewers' identities are not published; however a summary of basic demographics will be part of the display of responses.

    Why do we collect demographics as part of the review?

    Those who are researching a lawyer or law firm like to see that there are other clients who might be "like them". This is valuable information contributing to the decision-making process of hiring a lawyer.

    Martindale-Hubbell's role

    Martindale-Hubbell facilitates the process of Client Review by gathering responses, validating them and aggregating results for display online. The content of the responses are entirely from reviewers, the clients of the firm or lawyer.

    It is important to note that Martindale-Hubbell does not undertake to develop Client Reviews for all firms and lawyers. Therefore, the fact that a firm or lawyer has not been reviewed should not be construed unfavorably. Prior results do not guarantee a similar outcome and Martindale-Hubbell accepts no responsibility for the content or accuracy of any review over which Martindale-Hubbell exercises no editorial review or control.