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- United States: Finance > Capital markets: debt offerings
- United States: Finance > Structured finance
- United States: Industry focus > Environment: litigation
- United States: Industry focus > Environment: transactional and regulatory
- United States: Industry focus > Healthcare: life sciences
- United States: Industry focus > Insurance: non-contentious
- United States: Investment fund formation and management > Alternative/hedge funds
- United States: Litigation > International trade
- United States: Litigation > Product liability and mass tort defense: consumer products (including tobacco)
- United States: Litigation > Product liability and mass tort defense: pharmaceuticals and medical devices
- United States: Litigation > Supreme Court and appellate
- United States: Media, technology and telecoms > Technology: data protection and privacy
- United States: Real estate and construction > Real estate investment trusts (REITs)
- United States: Antitrust > Cartel
- United States: Antitrust > Civil litigation/class actions
- United States: Antitrust > Merger control
- United States: Finance > Bank lending (including other sources of financing)
- United States: Finance > Capital markets: equity offerings
- United States: Finance > Corporate restructuring (including bankruptcy)
- United States: Finance > Financial services: litigation
- United States: Finance > Financial services: regulatory
- United States: Finance > Municipal bankruptcy
- United States: Finance > Not-for-profit (nonprofit and tax exempt organizations)
- United States: Finance > Project finance
- United States: Industry focus > Energy: litigation
- United States: Industry focus > Energy: regulatory
- United States: Industry focus > Energy: renewable/alternative
- United States: Industry focus > Energy: transactions
- United States: Industry focus > Insurance: advice to insurers
- United States: Intellectual property > Patent litigation: full coverage
- United States: Intellectual property > Patent litigation: International Trade Commission
- United States: Investment fund formation and management > Mutual/registered funds
- United States: Investment fund formation and management > Private equity funds
- United States: Labor and employment > Employee benefits and executive compensation
- United States: Labor and employment > ERISA litigation
- United States: Labor and employment > Labor and employment litigation
- United States: Litigation > Commercial litigation
- United States: Litigation > International arbitration
- United States: Litigation > Product liability and mass tort defense: automotive/transport
- United States: Litigation > Product liability and mass tort defense: toxic tort
- United States: Litigation > Securities: shareholder litigation
- United States: Litigation > White-collar criminal defense
- United States: M&A/corporate and commercial > M&A: large deals ($1bn+)
- United States: M&A/corporate and commercial > M&A: litigation: defense
- United States: M&A/corporate and commercial > Private equity buyouts
- United States: M&A/corporate and commercial > Venture capital and emerging companies
- United States: Media, technology and telecoms > Technology: outsourcing
- United States: Media, technology and telecoms > Technology: transactions
- United States: Media, technology and telecoms > Telecoms and broadcast: regulatory
- United States: Real estate and construction > Real estate
United States: Antitrust
Within Cartel, tier 4
The 45-strong antitrust team at Sidley Austin LLP mainly focuses on litigation related to price-fixing issues. William Blumenthal, Joel Mitnick, Marie Fiala and John Treece are key figures in the team, which is representing two Japanese companies and several individuals in six criminal cartel investigations into alleged bid-rigging and price-fixing in the automotive supply industry. For Dow Chemical Company, it handled an appeal following a jury trial in a class action related to an alleged conspiracy to fix urethane prices. CMS Energy is one of the firm’s key clients and has instructed the firm in various remaining cases following a large number of individual and class actions. The firm’s client roster also includes AT&T Mobility, BorgWarner and Citigroup. Raymond Atkins joined the firm, having previously been general counsel of the Surface Transportation Board.
Within Civil litigation/class actions, Sidley Austin LLP is a second tier firm,
With a team of 45 partners across the US, Sidley Austin LLP mainly handles litigation relating to price-fixing. The practice has particular expertise in the financial, pharmaceutical, life sciences, technology and telecoms sectors, and the energy sector is becoming increasingly prominent. The team recently acted as counsel to Astellas Pharma in consolidated class actions brought by direct and indirect purchasers of Prograf with regard to an alleged delay in the market entry of generic versions of the drug. Other work highlights include representing Microsoft in various IP-related cases against Motorola, as well as PG&E before the state and federal courts and the FERC. Other active key clients include Citigroup, Macmillan and AstraZeneca. Raymond Atkins was promoted to partner. William Blumenthal, Joel Mitnick, Marie Fiala and John Treece are the practice heads.
Within Merger control, Sidley Austin LLP is a second tier firm,
Comprising 45 partners and with offices in Washington DC, New York, Chicago, San Francisco, Los Angeles and Palo Alto, Sidley Austin LLP has the capacity to act across the full range of antitrust matters, including merger control. Practice co-head William Blumenthal and Ken Glazer handled the US regulatory clearances for International Game Technology regarding its proposed acquisition by Gtech, and in another highlight, the team acted for Baxter in the sale of its commercial vaccines business to Pfizer, worth an estimated $635m. Chicago-based Marc Raven and Blumenthal obtained regulatory clearances for Hoffman-La Roche and Genentech in the proposed acquisition of Seragon Pharmaceuticals. New York-based Joel Mitnick, Marie Fiala in San Francisco and John Treece in the Chicago office co-head the team with Blumenthal. Raymond Atkins was promoted to the partnership.
United States: Finance
Within Bank lending (including other sources of financing) , tier 4
Sidley Austin LLP has a very well established reputation for advising major lenders and is actively growing the borrower/sponsor side of the practice, an area where highly respected Dallas-based co-head Angela Fontana has a superb track record. Highlights on this front include advising Vantiv on over $4bn of finance for its acquisition of Mercury Payment Systems, a deal that Dallas-based Kelly Dybala led. Another highlight was advising Darling Ingredients Inc on the $1.1bn financing for its acquisition of Rothsay, a division of Maple Leaf Foods Inc, and the further multibillion-dollar financing for its acquisition of Vion Ingredients. On the lender side, the firm’s clients include Wells Fargo, US Bank National Association, JPMorgan Chase and Bank of America. Key lawyers include senior counsel and co-head James Clark, Zulfiqar Bokhari, Robert Lewis and Mark Kirsons, all in Chicago.
Within Capital markets: debt offerings , Sidley Austin LLP is a first tier firm,
Sidley Austin LLP handled a number of high-profile issuances for underwriters in 2014. San Francisco-based Eric Haueter represented the agents in connection with the establishment of The Walt Disney Company’s $8bn medium term note program, and subsequently acted for the underwriters in the company’s $2bn offering of fixed and floating rate global notes under that program. In New York, Michael Kohler and Aryeh Zarchan advised the underwriters to Morgan Stanley on five medium term notes issuances totaling $11.5bn. Issuer clients include Caterpillar Corporation (for which the team recently acted on a three-tranche $1.35bn note offering), Aon Corporation and Colgate-Palmolive. Craig Chapman and Edward Petrosky are other names to note in New York, and Kevin Blatchford in Chicago is also recommended. New York-based Robert Ryan was promoted to partner and Sam Zucker was recruited from O'Melveny & Myers LLP to strengthen the firm’s Palo Alto practice.
Within Capital markets: equity offerings , Sidley Austin LLP is a second tier firm,
Sidley Austin LLP advises a broad array of issuers, including Starwood Property Trust and eBay, as well as leading underwriters such as Bank of America Merrill Lynch and JP Morgan. Samir Gandhi represented Athene Holding on its $1.3bn private placement, an offering that was increased in size and price from the original plans due to the continued strong performance of the client’s business. Craig Chapman and James O’Connor advised the underwriters on the $331m IPO by Great Western Bancorp, one of many financial sector deals handled by the firm in 2014. Edward Petrosky and J Gerrard Cummins are also recommend. All named attorneys are based in New York however the practice is also able to draw on its London-based experts to act on high-profile deals including the $1bn capital raising by Bank of Cyprus via a series of equity offerings.
Within Corporate restructuring (including bankruptcy), Sidley Austin LLP is a third tier firm,
‘A serious contender for the market’s most complex and largest restructurings’, Sidley Austin LLP has a ‘high level of talent and deep expertise’, which has been recently evidenced by its ability to win and resource a series of high-profile debtor-side instructions. Lawyers are highlighted for their ‘strong business sense which ensures better, more commercial negotiations’, with Larry Nyhan singled out as ‘simply superior’. Nyhan jointly heads the practice with James Conlan; both are based in Chicago, and the national group also includes ‘extremely bright bankruptcy expert’ Joel Samuels in Los Angeles. The group is also represented in the firm’s Dallas, New York, San Francisco and Washington DC offices. In a major highlight for the team, it was selected to act as special counsel to Energy Future Holdings in its headline Chapter 11 restructuring. It also represented Dynegy Holdings in its $6.2bn Chapter 11 proceedings. Among recent work for creditors, the firm advised GSO Capital Partners, a lead claim holder under a $1.5bn revolving credit facility, in the Chapter 11 cases of Overseas Shipholding Group. Other representative clients include Bank of America, GE Capital and LDK Solar. Houston-based Duston McFaul joined from Vinson & Elkins LLP in May 2015.
Within Financial services: litigation, Sidley Austin LLP is a second tier firm,
Based out of the firm’s Midwest stronghold and also aided by a significant presence on both coasts, Sidley Austin LLP provides a ‘very impressive’ service to clients across the spectrum of areas being litigated and scrutinized by the regulators, including insider trading, broker-dealer issues and FCPA matters. Led by Robert Pietrzak, Dorothy Spenner and Andrew Stern, the team represents JP Morgan in various individual and RMBS class actions brought by Federal Home Loan Banks, the Federal Deposit Insurance Corporation (FDIC) and other investors. Alongside Alex Kaplan, Pietrzak is also representing domestic online broker TD Ameritrade in litigation concerning high-frequency trading; Washington DC-based enforcement practitioner Neal Sullivan is involved for the client in responding to the SEC inquiries. Other major regulatory investigations included the firm’s recent work for Morgan Stanley in an SEC investigation into RMBS transactions it sponsored and underwrote in 2007. Barry Rashkover and Susan Merrill are recommended for their enforcement capabilities.
Within Financial services: regulatory, tier 4
Sidley Austin LLP provides a ‘responsive service’ to clients in the banking, funds, broker-dealer and consumer finance space. Washington DC-based William Eckland and New York-based Connie Friesen are the mainstays of the firm’s bank regulatory practice and ‘really understands the business and industry’. Friesen has a particular strength advising foreign banks on the impact of Dodd-Frank on their business activities and operations, as well as representing them on their establishment in the US. In this regard, Friesen continues to act for a number of Asian clients including China Construction Bank, which she represented in connection with the establishment of its New York branch, as well as well as advising it on ongoing matters such as compliance programs, commercial paper issuance and trade finance issues. The firm has also been active advising a range of foreign and domestic banks, hedge funds and broker-dealers on AML compliance programs. On the consumer finance front, as well as James Huizinga’s broad expertise, which encompasses a range of compliance, transactional and enforcement work, the firm also has a ‘very significant’ payments practice which is spearheaded by David Teitelbaum. Teitelbaum’s advice is often sought by clients seeking to structure new payment products which minimize regulatory scrutiny, and recently represented eBay and its PayPal subsidiary in the negotiation of an extension of its credit card program agreement with Synchrony Bank and continues to advise First Data on regulatory guidance in connection with its payments and network businesses. The practice is rounded out by a ‘first-class’ broker-dealer offering which provides transactional, advisory and enforcement expertise.
Within Municipal bankruptcy, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP has had key roles in a number of municipal bankruptcy matters, including the Chapter 9 bankruptcies of Detroit, Stockton, San Bernardino and Mammoth Lakes. It recently advised National Public Finance Guarantee Corporation, an insurer of over $2bn of Detroit’s debt obligations, on the restructuring and refinancing of water, sewer and general tax bonds insured by the client; Los Angeles-based Jeffrey Bjork (who is an expert in Chapter 11 cases), Gabe MacConaill, and Washington DC-based Guy Neal all led on that matter. Bjork and Neal also acted for Assured Guaranty in its exposure to the City of Stockton’s Chapter 9 bankruptcy, while Bjork acted for the same client in the Chapter 9 bankruptcy of San Bernardino. In another highlight, Bjork represented a major bond insurer in a restructuring involving the City of Harrisburg.
Within Not-for-profit (nonprofit and tax exempt organizations), Sidley Austin LLP is a third tier firm,
Sidley Austin LLP’s multidisciplinary practice represents professional associations, universities and charities in relation to antitrust, due process and IP litigation, health system financings, contract negotiations, real estate, employment law, structuring, and corporate matters. Jack Bierig filed an amicus brief in the Supreme Court in North Carolina State Board of Dental Examiners v Federal Trade Commission on behalf of The American Dental Association, The American Medical Association, Federation of State Medical Boards and others. Michael Clark acted as senior counsel to the YMCA of the Central Bay Area in the issuance and sale of variable rate revenue bonds by the California Enterprise Development Authority. Lynn Fleisher acts for professional associations and foundations. Paul Svoboda’s work included assistance to a US national foundation with expanding its grant-making program globally, and drafting template trust and donor agreements for hospitals and universities. The Chicago-based team also has MIT, the American National Red Cross and Rotary International as clients.
Within Project finance, Sidley Austin LLP is a third tier firm,
Sidley Austin LLP’s global practice has experience representing project sponsors, lenders, investors, contractors and service providers, on an array of different project types. It is currently advising Genneia on the development of over 300MW of wind and solar projects in Argentina; the first wind project to go commercial (Rawson Wind Farm) is the largest wind farm in the country. It is also representing the Mongolian Ministry of Transportation and Mongolian Railway State Owned Shareholding Company as lead sponsor on the development, construction and financing of a 1,800km freight rail network anticipated to cost $7bn and intended for transporting Mongolia’s rich mineral resources to international markets. Another recent highlight was assisting Grupo Terra with the development and financing of the approximately 50MW San Marcos wind energy generation project in Honduras, which is only the second major wind farm in the country. Key names to note include Timothy Moran and Ayaz Shaikh in Washington DC, Glenn Pinkerton and Sergio Pozzerle in Houston, Michael O’Hara Duff in Los Angeles, and Irving Rotter in New York.
Within Structured finance , Sidley Austin LLP is a first tier firm,
Jointly led out of New York and Chicago by Myles Pollin and Gary Stern respectively, Sidley Austin LLP’s ‘very broad’ practice provides ‘very thoughtful and steady advice’ to issuers and underwriters engaged in securitization across every major asset class, in addition to having a ‘significant presence’ in relation to structured products. Kevin Blauch has an excellent reputation on behalf of issuers, underwriters and sellers of mortgage loans, and along with Jonathan Nunes has acted for Deutsche Bank, JP Morgan and Morgan Stanley in a significant volume of CMBS issuances. Edward Fine is also closely linked to securitization work in the real estate industry, and as well as helping clients navigate their way through the myriad regulations affecting RMBS, has also been involved in numerous transactions, including acting for major financial institutions in the securitization of distressed residential mortgage loans. San Francisco-based Dale Lum is a leader for motor vehicle lease securitizations and recently acted as underwriters’ counsel on CarMax Auto Owner Trust’s $5bn issuance of five public offerings of auto loan-backed notes. Although it has a much smaller presence on the derivatives side, Ellen Pesch has been busy advising on numerous deals that required re-structuring in light of regulatory changes affecting the market, as well as on new transactions which required nuanced and sensitive structuring to comply with Dodd-Frank considerations; for example, she represented the co-lead arrangers on the structuring of an interest rate swap facility relating to an $11bn syndicated loan. Senior counsel Renwick Martin is recognized as a ‘dean of the securitization market’ and is a key member of a team which also includes recommended partners Jeannette Arazi, RJ Carlson - Mark Greenberg, Anny Huang and Cathy Kaplan.
United States: Industry focus
Within Energy: litigation, Sidley Austin LLP is a second tier firm,
Following two years of sustained expansion of its energy offering, Sidley Austin LLP now represents clients across the whole gamut of federal and state litigation proceedings and has five partners dedicated solely to energy litigation. Having developed a relationship over some 35 years with ExxonMobil Pipeline Company, the firm is representing the client before the FERC on a range of matters including litigation regarding the Trans-Alaska Pipeline System (TAPS) Quality Bank, which makes monetary adjustments among TAPS shippers for difference in the qualities of crude oil they tender to the pipeline. A team also represented BASF in alternative dispute resolution in the landmark FERC proceedings involving the application filed by American Midstream to abandon the facilities providing natural gas service to one of the client’s plants. Other key clients include American Electric Power and ExxonMobil. Eugene Elrod heads the team from Washington DC, and other prominent names include Marie Fiala in San Francisco and Bill Williams, also in the capital. Anna Ha was recently elected to the partnership.
Within Energy: regulatory, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP continues to grow since opening a Houston office in 2012, and currently has a team of more than 30 energy lawyers with years of collective industry expertise. Washington DC senior counsel David Lewis and Gene Elrod and Paul Zidlicky represented key client ExxonMobil in proceedings before the FERC and the Regulatory Commission regarding rates for transportation services over TAPS, involving challenges by the State of Alaska and other parties to over $700m spent by the TAPS owners to reconfigure the pipeline’s operations. Elrod also led representation of Kinder Morgan in several matters before the Department of State pertaining to the Department’s exercise of delegated powers to issue permits to pipelines that cross the US border with Canada and Mexico. Lorrie Marcil, also based in Washington DC, led advice to Magellan Midstream Partners on the start-up of the BridgeTex Pipeline, a joint venture with Oxy Midstream.
Within Energy: renewable/alternative, Sidley Austin LLP is a third tier firm,
Sidley Austin LLP has been very active in the energy renewable transactions space of late, acting for clients in upstream oil and gas, oilfield services, natural gas pipelines and electric utilities, among others. New York partner Irving Rotter advised MAP Royalty and Bordas Wind Energy on the sale to NextEra Energy Resources of the development rights for a 250MW wind farm in Texas. Houston partners Sergio Pozzerle and Glenn Pinkerton advised Grupo Terra on the development and financing of the 50MW San Marcos wind energy generation project in Honduras.
Within Energy: transactions, tier 4
Sidley Austin LLP’s transactions practice advises across the gamut of energy sectors. It has been particularly active in M&A work of late, and also handles matters such as financing and capital markets securities offerings. In the upstream space, Houston partner James Rice advised Anadarko Petroleum Corporation on the formation of a joint venture with KKR to develop the client’s acreage in the Eaglebine shale play. Herschel Hamner led a team from Houston advising JPMorgan Chase as administrative agent on a $2bn revolving credit facility for Southwestern Energy. On the power side, Cliff Vrielink led advice to Dynegy on the sale out of bankruptcy of Roseton fuel oil and natural gas electric generation facilities to a subsidiary of Castleton Commodities International.
Within Environment: litigation, Sidley Austin LLP is a first tier firm,
Sidley Austin LLP has gained a reputation as a leading environmental litigation specialist, with the team including a number of well-known figures in the field. Notably, the team handled two cases in front of the US Supreme Court in 2014: It challenged the EPA New Source Review permitting program under the CAA, representing an industry coalition, and also challenged the EPA Cross-State Air Pollution Rule, representing a coalition of approximately 15 utilities. It also filed two certiorari petitions before the Supreme Court. The team has substantial CAA, CWA, CERCLA and RCRA (including citizen suits) litigation experience, and also handled Proposition 65 and California regulation cases. The filing of pre-construction and operating permits for new, GHG emitting facilities under the CAA and related litigation constitutes an increasingly significant portion of the practice. In this area, it defended ExxonMobil Chemical’s expansion of the Baytown Olefins plant in an appeal to the Environmental Appeals Board. The ‘sharp and experienced’ Roger Martella is a ‘phenomenal lawyer and an expert on air and energy issues’ and David Buente is ‘one of the most brilliant guys in the environmental field’. Other recommended partners include Samuel Gutter and Robert Olian.
Within Environment: transactional and regulatory, Sidley Austin LLP is a first tier firm,
Well-known for regulatory matters, Sidley Austin LLP’s expertise spans renewable energy projects, hydraulic fracturing, brownfield redevelopment and CERCLA sites. In a recent highlight, the team advised GE on the clean-up of the Hudson River PCBs superfund site – including the implementation of the long-term dredging project and the ongoing study of floodplains – and on other sediment remediation matters. It acted for the lenders and investors of the offshore wind farm Cape Wind, covering questions concerning the ESA and NEPA. Advice on CAA matters constitutes a significant portion of the practice, and the team counsels a number of trade organizations and companies on New Source Performance Standards (NSPS). The ‘excellent’ Los Angeles based Judith Praitis has vast experience in California laws and advised clients on complying with air emissions, water discharges, solid and hazardous waste management, and climate change legislation. Chicago-based Laura Leonard is particularly active on the transactional side; she advised Wanxiang America on the acquisition out of bankruptcy of Fisker Automotive assets, including a brownfield property, and AES Solar regarding the environmental permitting and land use siting in potential solar project investments and divestitures. Other recommended lawyers include David Buente and Roger Martella in Washington DC, and Robert Olian in Chicago.
Within Healthcare: life sciences, Sidley Austin LLP is a first tier firm,
Sidley Austin LLP's renowned regulatory capabilities extend globally from the United States and are allied with the firm’s exceptional product liability defense and IP litigation practices. Among its heavy-hitting regulatory lawyers (all based in Washington DC) are Paul Kalb, Ray Bonner, who leads the 12-lawyer good manufacturing practice (GMP) team, Coleen Klasmeier, and James Stansel, formerly an acting general counsel at the United States Department of Health & Human Services. Able to leverage this market-leading regulatory capability to act on the biggest deals, recent transaction highlights including advising GlaxoSmithKline on its collaboration with Avalon Ventures to launch up to ten early-stage life sciences companies in San Diego, and assisting London-based Smith & Nephew with its $782m acquisition of Healthpoint Biotherapeutics’ wound care business, with Pran Jha and Jeffrey Rothstein leading this deal out of Chicago. Among numerous successful defenses of government enforcement actions, a cross-office team led by Chicago-based Richard Raskin obtained the dismissal of two False Claims Act suits against Quest Diagnostics; the firm also obtained a dismissal for AstraZeneca in a precedent-setting False Claims Act qui tam suit at the US Court of Appeals for the Third Circuit. Notable litigation cases include representing Johnson & Johnson as both defendant and plaintiff in three patent infringement suits, and Synthes as plaintiff in two patent infringement suits against Spinal Kinetics. Sam Zucker, hired from O’Melveny & Myers LLP in May 2014, is ‘deeply knowledgeable on Delaware corporate and securities law’ and has added substantial emerging company expertise to the firm’s already strong presence in California.
Within Insurance: advice to insurers, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP’s insurance department is ‘preeminent in handling cutting-edge cases’, with areas of expertise including reinsurance, appellate capabilities and complex coverage cases such as environmental, mass torts and asbestos-related matters. Co-chair of the global insurance and financial services practice group and co-head of the reinsurance disputes practice Susan Stone heads the team alongside Joel Feldman who is head of the insurance class action defense practice. Stone, who splits her time between Chicago and New York, recently represented Amerisure Mutual in a reinsurance dispute and successfully collected reinsurance billings worth over $14m. Eric Mattson represented The American Council of Life Insurers in an ERISA class action relating to service provider fees, and William Sneed is representing ACE in a high-value reinsurance contract dispute in the New York Supreme Court. Other key clients include Hartford, Liberty Mutual and Validus Re. All mentioned attorneys from the ‘highly knowledgeable and responsive team’ are based in Chicago.
Within Insurance: non-contentious, Sidley Austin LLP is a first tier firm,
Sidley Austin LLP’s broad practice extends across multiple areas including M&A, regulatory advice and capital market issues. The firm is a leader in catastrophe bonds – recent matters for the property and casualty alternative risk transfer practice, led by New York’s Michael Madigan and Michael Pinsel in Chicago, including representing Citigroup Global Markets on a catastrophe bond issuance and assisting Chubb in the reinsurance of $270m catastrophe risk through a catastrophe bond. Practice co-head Michael Goldman, based in New York, advised Blue Cross & Blue Shield of Michigan on its conversion to a mutual disability insurer due to federal health care reform. The practice is also co-headed by ‘top-shelf, fabulous attorney’ Jeff Liebmann in New York, and Chicago’s Perry Shwachman, whose recent work includes advising The Hartford on the divestiture of life insurance and retirement plans operating units.
United States: Intellectual property
Within Patent litigation: full coverage, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP is heavily involved in competitor cases within the hi-tech industry, whilst also attracting strong mandates on the life sciences side. Chicago-based David Pritikin acted for Microsoft in two Federal Court and ITC proceedings against Motorola, successfully obtaining an exclusion order against Motorola’s Android-based smartphones. Pritikin, William Baumgartner and Washington DC-based Jeffrey Kushan also represented Merck & Co in a lawsuit concerning its ‘game-changing’ cancer immunotherapy drug Keytruda. Other key clients include Amgen, Gilead Sciences and Noven Pharmaceuticals; New York-based Thomas Beck represented the latter in Hatch-Waxman litigation against Actavis, successfully obtaining an infringement verdict for the patent covering its Daytrana transdermal ADHD treatment patch.
Within Patent litigation: International Trade Commission, Sidley Austin LLP is a third tier firm,
Brian Nester’s practice at Sidley Austin LLP focuses on ITC litigation involving hi-tech products and consumer electronics. The group is involved in a series of high-profile cases for Microsoft against Motorola, asserting a number of patents related to cellphone technology, obtaining an exclusion order barring infringing imports and defending Microsoft against Motorola’s infringement claims relating to patents covering calendaring functionality. Nester and Chicago-based Richard Cederoth also represent Nokia in several matters concerning 3G and 4G standard-essential telephony patents and FRAND-related defenses. Sino Legend and Tyco International are also key clients; the firm acted for the latter in two lawsuits filed against five respondents concerning acousto-magnetic technology, all of which agreed to cease importation prior to trial.
United States: Investment fund formation and management
Within Alternative/hedge funds, Sidley Austin LLP is a first tier firm,
Sidley Austin LLP provides a comprehensive service to some of the largest participants in the hedge funds industry, including BlackRock Funds, Deutsche Bank and Morgan Stanley Alternative Investments. Its practice includes the structuring, formation and management of alternative funds and investment advisers, the negotiation of seed investments, regulatory and compliance advice on matters impacting the industry in the US and throughout the world, as well as transactional assistance. The firm’s market-leading reputation is burnished by its derivatives practice, which attracts mandates from six of the top ten largest hedge fund managers in the world. In 2014, William Kerr and Patrick Mellon assisted GLG Partners and AHL Partners with the launch of five new funds and the offering in the United States of over a dozen funds. David Sawyier is representing start-up hedge-fund managers in the formation and marketing of their initial funds, while Michael Schmidtberger and Benson Cohen are advising Credit Suisse Securities on the ongoing expansion of its HedgeFocus feeder fund platform. In 2014, Cohen was promoted to partner, as was Chicago-based regulatory expert Nathan Howell. The year was also marked by Patrick Michel’s move to the firm’s New York office from Kaye Scholer LLP. In San Francisco, David Tang’s practice includes securities law compliance advice to fund managers and sponsors on fund formation and management, while Mark Whatley handles acquisitions, dispositions and restructurings of financial services companies, as well as internal and regulatory investigations, while Laurin Kleiman is also recommended.
Within Mutual/registered funds, Sidley Austin LLP is a second tier firm,
Lauded by clients for its ‘excellent service’, Sidley Austin LLP is known for representing traditional registered funds and developing new registered investment company products in the open-end fund space. James Munsell and Frank Bruno serve as fund counsel to Veracen Funds in the launch of a suite of mutual funds and ETFs. In another matter, the group is advising Sentinel Group Funds on the restructuring of the funds’ strategies. The group is also active in the closed-end funds arena and, in 2014, Bruno worked with John MacKinnon, who has ‘an in-depth knowledge of the industry and excellent problem-solving skills’, in advising underwriters such as Wells Fargo, Citi and UBS on three fund offerings by Kayne Anderson MLP Investment Company; the transactions raised approximately $600m. On the issuer side, the group represented Nuveen closed-end municipal bond funds in the issuance of Variable Rate Demand Preferred (VRDP) shares. Also recommended is Laurin Kleiman, who assists US and non-US managers of a variety of fund types, including mutual funds and managed accounts, with US federal and state adviser registration, regulation and compliance.
Within Private equity funds, tier 5
On the sponsor side, Timothy Clark’s group at Sidley Austin LLP has seen a particularly significant amount of activity in the private equity credit space, and recently represented Farallon Capital Management in the formation of a $300m European credit fund. Although sponsor work is a main focus, the investor side of the practice is substantial, and the group has represented New York Life in over $500m of private equity fund investment-related activities. In 2014, Patrick Michel joined from Kaye Scholer LLP, and Christian Brause was promoted to partner. Scott Macdonald, Susan Lewis, Timothy Spangler and Alyssa Grikscheit are also recommended.
United States: Labor and employment
Within Employee benefits and executive compensation, tier 4
Sidley Austin LLP’s Chicago-based practice has been working closely with the Treasury Department, the IRS, DLO and the Pension Benefit Guaranty Corporation. Leveraging the firm’s strong investment and banking practices, the team covers the entire field including plan design, employment and severance agreements, tax matters and deferred compensation as well as compliance on all levels. Together with new partner Corey Perry, co-chairman Matthew Johnson represented Beam Inc in the complex EBEC aspects of its recent acquisition by Suntory Holdings. Beth Dickstein is the new co-chair, taking over for Robert Ferencz who is now senior counsel.
Within ERISA litigation , Sidley Austin LLP is a second tier firm,
With offices in Chicago, Washington DC, Los Angeles and New York, Sidley Austin LLP attracts praise for its ‘impressive geographic footprint’. Recent highlights include defending Bank of America in long-running litigation in which plaintiffs challenged the transfer of assets from the client’s 401(k) plan to its pension plan, and attempted to invalidate the plan’s definition of normal retirement age. The District Court for the Western District of North Carolina granted summary judgment on all claims related to the asset transfer, and the firm was also successful in persuading the Fourth Circuit to agree on the client’s position regarding normal retirement age. Leading on the matter were Chicago-based partners Anne Rea (an ‘exceptional attorney’ and global co-ordinator of the ERISA litigation practice), J. Randal Wexler and Chris Meyer; Carter Phillips in Washington DC; and David R Carpenter in Los Angeles. Also based in Chicago, Mark Blocker and David Graham successfully defended the former general counsel of Hewlett-Packard in a stock drop class action arising from allegations that fiduciaries acted improperly by continuing to offer company stock at a time when it was allegedly imprudent to do so; the firm filed a successful motion to dismiss all claims.
Within Labor and employment litigation, tier 4
Sidley Austin LLP is jointly chaired by Brian Gold in Chicago and Jennifer Zargarof in Los Angeles. In a recent highlight, Los Angeles-based Douglas Hart and Geoffrey DeBoskey were active on behalf of State Farm Mutual Automobile Insurance Company in a case where plaintiffs alleged that tens of thousands of employees worked off-the-clock, particularly with regards to computer boot-up and boot-down; following the court’s denial of the motion to certify, the parties reached resolution. The firm is also currently representing CVS Caremark and KPMG in major class actions. Other clients include Hewlett-Packard, Pizza Hut and Credit Suisse.
United States: Litigation
Within Commercial litigation, Sidley Austin LLP is a second tier firm,
‘A truly national practice’, Sidley Austin LLP ‘knows the local terrain’. With a client base that includes Fortune 50 companies and large financial institutions, the practice is described as ‘Wall Street meets Main Street’. New York-based Steven Bierman defended ACE Property & Casualty Insurance Company in a reinsurance contract dispute. In Chicago, Holly Harrison defended Baxter Healthcare against a claim arising from an asset purchase agreement. Dallas-based Yvette Ostolaza represents MGM Resorts International and MGM Grand Hotel in a series of high-value arbitrations. In Los Angeles, Rollin Ransom and Bradley Ellis are ‘first-rate litigators with extensive experience and acumen’. Joseph Tompkins in Washington DC represents the Government of the Turks and Caicos Islands in a breach of contract dispute filed in Miami. Clients report that the firm’s ‘work is impeccable and advice is always sound and wise’.
Within International arbitration, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP is praised for its ‘perfect knowledge and experience in international investment disputes and energy charter treaty issues’. The practice has partners in offices throughout the US and is jointly headed by New York-based Louis Kimmelman and the ‘excellent’ Stanimir Alexandrov in Washington DC, who is ‘an authority for investment disputes and must surely be terrifying to the other side’. Other key partners in the capital include the ‘outstanding’ Jennifer Haworth McCandless who ‘never tires of responding to questions’, and Marinn Carlson who ‘demonstrates an excellent ability to plan, execute and negotiate the various aspects of international commercial disputes, particularly those involving discrimination and expropriation by foreign states’. The ‘smart, dependable, accessible and amicable’ team is ‘willing to lend assistance above and beyond the call of duty’, and makes ‘interaction comfortable and puts the client at ease’. Highlights include successfully defending the Republic of Turkey against over $100m of ECT claims brought by Alapli Elektrik. On the international commercial arbitration side it is representing Peruvian state-owned company Perupetro in a $50m royalty payment dispute with a consortium of investors. Other clients include The Republic of Peru and the Petroleum Company of Trinidad and Tobago.
Within International trade, Sidley Austin LLP is a first tier firm,
Driven out of Washington DC, but also able to leverage well-staffed platforms in Geneva and Brussels, Sidley Austin LLP’s international trade practice is considered by many as ‘the best of the best’. Significantly, the firm is not resting on its laurels and continues to invest in strengthening its prominence in this area. In 2014 James Mendenhall was promoted to partnership; he specializes in international trade policy and litigation and international arbitration. The firm also hired new partner Cameron Kerry, former general counsel and acting secretary of the US Department of Commerce, who brings experience in privacy and data security issues – he will split his time between Boston and Washington DC. Clients commend lawyers for providing ‘useful, practical and clear advice’ and single out Andrew Shoyer as a ‘leading name for trade policy and WTO disputes’. Washington DC-based Shoyer co-heads the global group alongside Geneva-based Scott Andersen and together they represented the Russian industry in the first WTO challenge to Russian Government measures to be reviewed by a dispute settlement panel. Senior counsel Richard Belanger is recommended for customs matters and acted alongside Peter Keisler to represent Ford in challenging US Customs’ application of a 25% rate of duty on certain vehicles. Lisa Crosby is ‘in the top bracket for export controls and economic sanctions’ and acted with Robert Torresen to advise numerous companies, including MasterCard, on Ukraine and Russia sanctions. Richard Weiner is highlighted for his ‘deep analysis of each case’ and acted with Neil Ellis and counsels Brenda Jacobs and Rajib Pal to represent the Chinese solar panel industry in solar panel anti-dumping and countervailing duty investigations and in appeals to the CIT.
Within Product liability and mass tort defense: automotive/transport , Sidley Austin LLP is a third tier firm,
Sidley Austin LLP’s Eugene Schoon, Kara McCall and Elizabeth Chiarello are representing Delphi in litigation arising from an alleged design defect in its products which is claimed to have affected over two million vehicles; the firm is serving as both national and international counsel in the matter. Schoon and McCall, together with Jeffrey Steen, and Washington DC-based Terence Hynes and Samuel Boxerman, are representing GE in US and Canadian litigation arising from a Canadian train derailment. Attorneys mentioned are based in Chicago unless otherwise stated.
Within Product liability and mass tort defense: consumer products (including tobacco), Sidley Austin LLP is a first tier firm,
The ‘top-notch’ Sidley Austin LLP ‘always delivers good results’ and attracts praise for its ‘outstanding regulatory expertise’. The firm was recently bolstered by the arrival of a six-lawyer consumer class action litigation team from Loeb & Loeb LLP in December 2014. Sean Commons (Los Angeles) and Robert Scarborough (Chicago) are representing POM Wonderful in a false advertising putative class action filed in the Central District of California, in which plaintiffs allege the client’s product labeling misled consumers; the Court’s decision to grant a motion to decertify the nationwide class in in March 2014 garnered much attention. The firm has handled a number of major cases in the supplements space; it represents Bayer Healthcare in a putative class action in which plaintiffs allege health claims made in the labeling and advertising of its Colon Health probiotic supplements were false and misleading; Eugene Schoon, Kara McCall and Elizabeth Chiarello (all in Chicago) and Alycia Degen (Los Angeles) were key attorneys on the matter. ‘Effective counsel’ Michael Davis in Chicago ‘always looks for pragmatic solutions’ and ‘understands his clients’ needs’.
Within Product liability and mass tort defense: pharmaceuticals and medical devices, Sidley Austin LLP is a first tier firm,
‘Impressive’ leading lawyer Sara Gourley at Sidley Austin LLP works alongside Sherry Knutson, James Mizgala, Jana Jobes (all in Chicago) and Debra Pole (Los Angeles) to act as coordinating counsel to Takeda Pharmaceutical Company and Eli Lilly in over 6,000 cases alleging that the use of diabetes drug Actos caused cancer. The firm’s versatility is evidenced by its additional role as trial counsel to Takeda in critical litigation, with Pole and Knutson securing a defense verdict for the client in the first bellwether case to be tried in Illinois, and Gourley achieving similar success in Los Angeles. Maja Eaton (Chicago), Rebecca Wood and Robert Keeling (both in Washington DC), and Alycia Degen (Los Angeles) are representing St Jude Medical and its subsidiary Pacesetter in high-profile litigation arising from the 2011 recall of its Riata implantable cardiac defibrillator ICD leads; the firm recently secured a number of favorable results including a summary judgment before the United States District Court for the District of Minnesota.
Within Product liability and mass tort defense: toxic tort, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP’s combined expertise in environmental, regulatory, and mass tort matters is evidenced by its role representing Coronet Industries in both site assessment and remediation negotiations with regulators, and in its defense of a related 1,000-plaintiff suit; Washington DC-based ‘standout lawyer’ David Buente and Timothy Webster lead on the litigation, which rests on allegations of wrongful death, personal injury, medical monitoring, and property damage as result of purported exposure to chemicals from an historic phosphate mining operation. The firm continues to serve as both national coordinating counsel and trial counsel to GE; among various recent representations, Chicago-based Maja Eaton and Tim Kapshandy secured summary judgment in dozens of cases alleging liability as a result of insulation applied to marine steam turbines sold to the Navy by the client.
Within Securities: shareholder litigation, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP has ‘a solid and pragmatic defense practice that effectively cuts to the chase’. Its ‘superb strategists who always provide timely and cost-effective advice’ include Sara Brody in San Francisco and Robert Pietrzak in New York, who work with the large team in Chicago to co-ordinate the practice. Brody and Norman Blears in Palo Alto are ‘outstanding litigators on the West Coast’. Pietrzak stands out for defending banks in mortgage-backed securities cases and secured dismissal of a class action for CNOOC. The Chicago team ‘has two of the best litigators in the country’ in Charles Douglas and David Graham. James Ducayet, who is advising Meadowbrook Insurance Group on two shareholder class actions, ‘brings matters to a conclusion swiftly and on good terms’. Also recommended are Hille Sheppard, who acted for Patriot Coal Corporation; Walter Carlson (‘a leader in issuer-side litigation’); former Supreme Court Justice Jack Jacobs; former assistant US Attorney Jack Pirozzolo, who brings additional securities enforcement capability to the Boston office; and ‘outstanding lawyer’ Kristen Seeger.
Within Supreme Court and appellate, Sidley Austin LLP is a first tier firm,
Sidley Austin LLP ‘is an outstanding firm’ and the team is led by Washington DC-based Joseph Guerra, Peter Keisler and Mark Haddad in Los Angeles, and Chicago-based Constantine Trela. Carter Phillips is another hugely significant figure at the firm and has a record 80 arguments before the Court, more than 100 cases in United States courts of appeals, and more than 25 in the Court of Appeals for the Federal Circuit. In 2014, Keisler argued Utility Air Regulatory Group v EPA on behalf of The American Chemistry Council and several other trade associations; the Court was asked to consider whether the EPA misinterpreted the Clean Air Act to require preconstruction permits from stationary sources bases solely on the amount of greenhouse gases those sources emit, and held that the EPA has no authority to impose obligations on a source based solely on its emissions of greenhouse gases. In another highlight Jonathan Cohn acted for Air Wisconsin Airlines Corporation in Air Wisconsin Airlines Corporation v Hoeper, in which the Court held that the Aviation and Transportation Security Act, which grants airlines and their employees immunity against civil liability for reporting suspicious behavior, also accords immunity to materially true statements. Appeals-wise, Phillips was recently successful in the US Court of Appeals for the Second Circuit on behalf of KPMG in Pippins v KPMG; a class of employees known as audit associates challenged the district court’s summary judgment ruling that KPMG correctly classified them as overtime-exempt professionals under the Fair Labor Standards Act; the court affirmed the previous decision. The firm has also conducted significant appeals in the last year on behalf of AstraZeneca and Portland Cement Association.
Within White-collar criminal defense , Sidley Austin LLP is a third tier firm,
Along with its considerable US and international presence, Sidley Austin LLP’s practice is praised as having ‘particular strength and depth in healthcare work’ and is currently involved in numerous FCA, off-label and anti-kickback investigations on behalf of pharmaceutical companies and medical device manufacturers. Global co-chair John Gallo in Chicago handles both trials and investigations and is currently representing Wisconsin Governor Scott Walker in an investigation into allegations of campaign finance misconduct, while in Los Angeles, co-chair Kimberly Dunne is commended for providing ‘strong advocacy and excellent counsel on difficult issues’. The firm’s breadth ensures a wide range of work including securities fraud and FCPA, for example New York based Timothy Treanor and John Kuster’s representation of PetroTiger before the DOJ in a multi-year FCPA investigation. Karen Popp and Mark Hopson lead in Washington DC, where recent work includes representing an aluminium manufacturing company in a criminal environmental investigation regarding hazardous waste discharges.
United States: M&A/corporate and commercial
Within M&A: large deals ($1bn+), tier 5
Sidley Austin LLP benefits from an expansive regional network in the US and a credible international presence. In the first ten months of 2014, the firm advised on over 75 M&A transactions with an aggregate deal value of $129bn. It provides an ‘excellent service’ with ‘good industry knowledge’ and ‘excellent M&A practitioners’. With an impressive record in transactions across multiple industries, it has recently been noted for its increasing prominence in pharmaceutical and technology deals. The department is headed by Paul Choi in Chicago, Scott Freeman in New York and Houston’s Mark Metts. Chicago remains central to the firm’s M&A reputation, as is New York, while the firm’s growing presence and reputation in San Francisco and Palo Alto, as well as in Houston, is adding to its overall standing. In Chicago, ‘calm and effective’ partner Thomas Cole, Paul Choi and Scott Williams advised Sigma-Aldrich on its $17bn cash acquisition by Merck & Co. Further demonstrating the firm’s capabilities on cross-border and multi-jurisdictional deals, Cole and Beth Flaming also represented Beam when it was acquired by Suntory Holdings. Fellow Chicago partners Brian Fahrney and Seth Katz advised GE on the $3.3bn sale of GE Appliances to AB Electrolux, the Sweden-based appliance manufacturer. The firm’s growing reputation on the West Coast was evident when San Francisco partner Sharon Flanagan advised PayPal on its purchase of a portfolio of consumer loan receivables from Synchrony. Flanagan also represented eBay on its $800m acquisition of Braintree, the online credit card payment processing company. The ‘top-notch’ group is ‘focused on the key substantive issues and getting the job done’.
Within M&A: litigation: defense, tier 4
Sidley Austin LLP’s ‘service is excellent and the team is very responsive; the practice also fields very high levels of expertise, reasonable fees when compared to New York firms, and is a pleasure to deal with’. It represented the independent board members of Alphatec Spine in litigation arising out of its acquisition of a French company, Scient’x, and the subsequent stock price decline following disappointing earnings. Chicago-based Hille Sheppard is ‘a great brief writer and is very effective on clients’ behalf’, and Walter Carlson is ‘an excellent senior statesman’. James Ducayet and David Graham are other key Chicago partners. Robert Pietrzak and Andrew Stern in New York, and San Francisco and Palo Alto-based Sara Brody are also well regarded.
Within Private equity buyouts, tier 5
Sidley Austin LLP’s team is ‘excellent’, ‘very smart’ and has ‘great business judgment’. It has a growing presence in the private equity segment, primarily from its Chicago and New York offices, but also through its solid team in Dallas. Notably, Dallas partner Angela Fontana is a recognized leader in sponsor-side acquisition finance and clients highlight the firm’s expertise in this area. Clients include Apollo, Harvest Partners, Avista Capital Partners and Century Park Capital Partners. Key buyout partners are Chicago’s Chris Abbinante and New York’s Scott Freeman and Matthew Rizzo.
Within Venture capital and emerging companies, tier 5
Sidley Austin LLP’s practice is primarily based in Silicon Valley, though the firm is turning its focus to Los Angeles and New York. The practice spans the emerging growth environment including life sciences, tech and cleantech. The firm has broadened its client base with a number of corporate venture funds, thanks in part to the efforts of Deborah Marshall. Hank Barry is another big name in the Silicon Valley office, where life sciences and healthcare expert Sam Zucker joined in 2014 from O’Melveny & Myers LLP. Los Angeles partner Josh Hofheimer has ‘in-depth knowledge of the industry’ in food and agricultural technology. The team has ‘excellent business knowledge’ and ‘excellent resources’.
United States: Media, technology and telecoms
Within Technology: data protection and privacy, Sidley Austin LLP is a first tier firm,
Sidley Austin LLP counts Apple, AT&T, Bloomberg, KPMG, Microsoft, Neiman Marcus, Michaels Stores and Raytheon among its high-profile client base. Senior counsel Cameron Kerry, who splits his time between Boston and Washington DC, was a key new hire, having previously been Secretary of the Department of Commerce. The team also grew from within, adding David Hoffman in Chicago and Kwaku Akowuah in Washington DC. A team including Alan Raul and Edward McNicholas achieved a favorable settlement for PointRoll in a significant multi-state Attorney General privacy investigation. Raul also closed out a number of major FTC investigations for clients without enforcement actions being brought.
Within Technology: outsourcing, Sidley Austin LLP is a third tier firm,
The key lawyers of Sidley Austin LLP’s outsourcing practice are Glenn Nash in Palo Alto and Jeffrey Rothstein in Chicago. The service level is said to be ‘very high’, and it handles all types of outsourcing agreements including master services, telecoms, data center, service level, co-location, active server pages, call center, export control and IT backbone. The team represented GE Healthcare in several matters, including home-based health technologies and a number of acquisitions and strategic partnerships. Of counsel Jonathan Wagner is noted for his expertise in IT transactional agreements. Tim Swan was promoted to the partnership in 2015.
Within Technology: transactions, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP advises clients across a range of different industries but is particularly noted for its expertise in life sciences, healthcare and financial services. The group is co-led by Chicago-based Jeffrey Rothstein and Palo Alto-based Glenn Nash; in 2014 the latter advised eBay and Paypal on the IP and technology aspects of the $800m acquisition of Braintree and its subsequent integration. In the New York office, Jennifer Coplan is noted in the field of cloud-based transactions and content protection; a recent highlight includes acting for Digital Entertainment Content Ecosystem (DECE) on a cloud-based content distribution platform for commercial entertainment content. San Francisco-based Stephen Fronk has experience advising clients on digital media-related transactions; representative clients include Amazon, Microsoft and Tribeca Enterprises. Tim Swan who has expertise in e-commerce, internet and open source issues, was promoted to the partnership in 2015.
Within Telecoms and broadcast: regulatory, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP’s communications regulatory practice group is led by Washington DC-based David Lawson. It has been advising on many of the issues facing the industry, such as the conditions under which wireless providers may participate in the upcoming auction of 600 MHz spectrum, and the FCC’s new policies governing spectrum aggregation. For flagship client AT&T, Lawson and Chicago-based senior counsel David W Carpenter acted in industry-wide FCC proceedings regarding the aforementioned auctions and spectrum aggregation rules. Lawson also represented the same client before the DOJ and FCC regarding the approval of its acquisition of Leap Wireless. Another highlight for the team was handling a utility wireless case for Roper Industries; Mark Schneider, who regularly works in the broadcast, media, common carrier, and wireless fields, advised the client on various issues including regulatory filings, waiver requests, and a rule analysis related to testing, development, manufacture, sale, and licensing. For new client Morgan Stanley, it advised on negotiating securitization documents for the offering of certain securities related to wireless lease transactions, among other things. Other clients include Facebook, Canyon Partners, and GE Capital; it acted as regulatory counsel for the latter on financings for media, technology and telecom companies, including the structuring of credit agreements and advice on regulatory rules impacting the businesses.
United States: Real estate and construction
Within Real estate, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP’s clients praise its ‘first-rate services’, ‘extremely responsive and proactive approach’, ‘strong industry connections’ and ‘excellent insights’. The team is jointly headed by Marc Hayutin in Los Angeles, Charles Schrank in Chicago and Alan Weil in New York, who has ‘a fantastic reputation’. The team was bolstered by the arrival of Richard Fries, Neil Cohen and Todd Marcus, formerly of Bingham McCutchen LLP. Matthew Fernand in New York advised Canada Pension Plan Investment Board (CPPIB) on the recapitalization of One Park Avenue in New York, while Chicago-based Anthony Aiello and David Siegel acted for Commonwealth Edison Company on the expansion of transmission lines and other facilities across northern Illinois as part of the Gateway Expansion project. Los Angeles-based George Means and ‘excellent negotiator’ Paul Walker acted for Credit Suisse regarding workout negotiations, receivership, bankruptcy and litigation issues pertaining to $250m in syndicated senior debt secured against the Tamarack ski resort project in Idaho. Other clients include Deutsche Bank, M&T Bank and Starwood Property Trust. Also singled out are: the ‘first-rate’ Aimee Contreras-Camua) in Los Angeles, Chicago-based John Chamberlin and John Rafkin, as well as Jonathan Nunes in New York.
Within Real estate investment trusts (REITs) , Sidley Austin LLP is a first tier firm,
Sidley Austin LLP is a well-established player in the REIT sector with a sizeable team. The firm has a particularly impressive underwriter-side track record: renowned practice heads Edward Petrosky and J Gerard Cummins recently acted as underwriter’s counsel to longstanding client Simon Property Group regarding an issuance of $1.3bn fixed-rate notes as well as advising on its $500m global unsecured commercial paper program. Other clients include Camden Property Trust, Kimco Realty and Goldman Sachs. The team also has increasingly strong credentials for its advice on the issuer side. Cummins represented Rouse Properties in its underwritten $157m public stock offering and acted for Starwood Property Trust in its $500m ATM stock offering. Tax expert Christian Brause and capital market attorney Jason Friedhoff were both promoted to the partnership.
United States: Tax
Within Domestic tax, Sidley Austin LLP is a third tier firm,
Sidley Austin LLP has an ‘outstanding’ nationwide practice that assists with private equity transactions, REITs, insurance matters and investment funds, among other things. The joint heads of the practice are Laura Barzilai and Robert Kreitman in New York, Sharp Sorensen in Chicago and Edwin Norris in Los Angeles. Barzilai represented Dell in its acquisition of software developer StatSoft, and Kreitman’s highlights included advising Citigroup Global Markets as sole structuring agent and bookrunner and Bank of America Merrill Lynch as joint bookrunner on the largest-ever catastrophe bond issuance. Sorensen advised Knowles Corporation on the tax aspects of its spin-off from Dover Corporation. Norris assisted Genentech with its $725m acquisition of Seragon Pharmaceuticals, and is especially experienced in motion picture joint ventures and financings. Houston’s Timothy Devetski has ‘extensive knowledge of tax law and a deep understanding of the petrochemicals industry’.
Within Financial products, Sidley Austin LLP is a second tier firm,
Sidley Austin LLP regularly advises US and non-US issuers of debt and equity securities, and its list of clients includes globally renowned banks and securities firms. It is noted for its expertise on structured notes, swaps, hedging transactions, and market derivatives. Robert Kreitman led advice to Citigroup Global Markets, as sole agent and bookrunner, and Bank of America, as joint bookrunner, on the largest-ever catastrophe bond issuance with a $1.5bn value. David Miller is also recommended. The lawyers mentioned are based in New York.
Within International tax, tier 4
Sidley Austin LLP leverages its significant international presence to assist US and foreign multinationals with implementing international structures for conducting global business, as well as advising on holding companies, foreign representative offices, branches and subsidiaries, tax treaties, foreign tax credits and other related matters including the implications of doing business in the US. New York-based Laura Barzilai advised GIC Special Investments on its $752m acquisition, together with Insight Venture Partners, of iParadigms LLC. In San Francisco, Gary Kaplan led advice to Wanxiang America Corporation on the sale of its electric grid storage business A123 Systems LLC to NEC Corporation for approximately $100m. Los Angeles-based Edwin Norris is also noted. Other clients include Citigroup, Beam, Deutsche Bank, and JPMorgan Chase.
Within Tax controversy, tier 4
The ‘excellent’ lawyers at Sidley Austin LLP are ‘very responsive’, ‘thoroughly think through options’, have ‘good contacts with the IRS they can reach out to’ and ‘are extremely honest’. The team is co-headed by Jay Zimbler in Chicago and Matthew Lerner in Washington DC, and includes Laura Barzilai in New York. Work highlights included representing a Fortune100 company in a multi-issue case before the IRS involving, among other things, capital/expense interpretations, applicable accounting methods and charitable contributions. Lerner led advice to a major high-tech corporation on its research credit tax position. Clients include ABA Retirement Funds, AIG, Marvel Entertainment and Zurich.
Further information on Sidley Austin LLP
Please choose from this list to view details of what we say about Sidley Austin LLP in other jurisdictions.
Offices in Brussels
- Competition : Competition
- Customs, trade, WTO and anti-dumping : Customs, trade, WTO and anti-dumping
- EU regulatory : Environment (including WEEE and RoHS)
- EU regulatory : Food
- EU regulatory : Pharmaceuticals and biotechnology
- Corporate and M&A : Foreign firms
- Dispute resolution : Foreign firms
- Private equity/venture capital : Foreign firms
- Projects and energy : Foreign firms
Offices in Hong Kong
- Banking and finance : Banking and finance
- Capital markets (debt) : Capital markets (debt)
- Capital markets (equity) : Capital markets (equity)
- Corporate (including M&A) : Corporate (including M&A)
- Dispute resolution : Dispute resolution
- International arbitration : International arbitration
- Investment funds : Investment funds
- Private equity : Private equity
- Projects and energy : Projects and energy
- Regulatory : Regulatory
- Regulatory: anti-corruption and compliance : Regulatory: anti-corruption and compliance
- Restructuring and insolvency : Restructuring and insolvency
Latin America: International firms
- Banking and finance : Banking and finance
- Capital markets : Capital markets
- Corporate and M&A : Corporate and M&A
- International arbitration : International arbitration
- Projects and energy : Projects and energy
Offices in Tokyo
- Banking and finance : Independent local firms
- Banking and finance : International firms and joint ventures
- Corporate and M&A : International firms and joint ventures
- Structured finance/securitisation : International firms and joint ventures
Offices in London
- Corporate and commercial : Corporate tax
- Corporate and commercial : EU and competition
- Corporate and commercial : Financial services
- Corporate and commercial : Investment funds
- Corporate and commercial : M&A: upper mid-market and premium deals, £250m+
- Dispute resolution : Banking litigation: investment and retail
- Dispute resolution : Commercial litigation
- Dispute resolution : International arbitration
- Finance : Corporate restructuring and insolvency
- Finance : Debt capital markets
- Finance : Derivatives and structured products
- Finance : Securitisation
- Insurance : Insurance: corporate and regulatory
- Insurance : Insurance: insolvency and restructuring
- Insurance : Insurance and reinsurance litigation
- Real estate : Commercial property
- Real estate : Property finance
Offices in Singapore
- Banking and finance : Foreign firms
- Capital markets : Foreign firms
- Corporate and M&A : Foreign firms
Offices in Geneva
- Antitrust : Cartel
- Antitrust : Civil litigation/class actions
- Antitrust : Merger control
- Finance : Bank lending (including other sources of financing)
- Finance : Capital markets: debt offerings
- Finance : Capital markets: equity offerings
- Finance : Corporate restructuring (including bankruptcy)
- Finance : Financial services: litigation
- Finance : Financial services: regulatory
- Finance : Municipal bankruptcy
- Finance : Not-for-profit (nonprofit and tax exempt organizations)
- Finance : Project finance
- Finance : Structured finance
- Industry focus : Energy: litigation
- Industry focus : Energy: regulatory
- Industry focus : Energy: renewable/alternative
- Industry focus : Energy: transactions
- Industry focus : Environment: litigation
- Industry focus : Environment: transactional and regulatory
- Industry focus : Healthcare: life sciences
- Industry focus : Insurance: advice to insurers
- Industry focus : Insurance: non-contentious
- Intellectual property : Patent litigation: full coverage
- Intellectual property : Patent litigation: International Trade Commission
- Investment fund formation and management : Alternative/hedge funds
- Investment fund formation and management : Mutual/registered funds
- Investment fund formation and management : Private equity funds
- Labor and employment : ERISA litigation
- Labor and employment : Employee benefits and executive compensation
- Labor and employment : Labor and employment litigation
- Litigation : Commercial litigation
- Litigation : International arbitration
- Litigation : International trade
- Litigation : Product liability and mass tort defense: automotive/transport
- Litigation : Product liability and mass tort defense: consumer products (including tobacco)
- Litigation : Product liability and mass tort defense: pharmaceuticals and medical devices
- Litigation : Product liability and mass tort defense: toxic tort
- Litigation : Securities: shareholder litigation
- Litigation : Supreme Court and appellate
- Litigation : White-collar criminal defense
- M&A/corporate and commercial : M&A: large deals ($1bn+)
- M&A/corporate and commercial : M&A: litigation: defense
- M&A/corporate and commercial : Private equity buyouts
- M&A/corporate and commercial : Venture capital and emerging companies
- Media, technology and telecoms : Technology: data protection and privacy
- Media, technology and telecoms : Technology: outsourcing
- Media, technology and telecoms : Technology: transactions
- Media, technology and telecoms : Telecoms and broadcast: regulatory
- Real estate and construction : Real estate
- Real estate and construction : Real estate investment trusts (REITs)
- Tax : Domestic tax
- Tax : Financial products
- Tax : International tax
- Tax : Tax controversy