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Sullivan & Worcester LLP

1666 K STREET, NW, WASHINGTON, DC 20006, USA
Tel:
Work +1 202 775 1200
Fax:
Fax +1 202 293 2275
Web:
www.sandw.com
Boston, London, New York, Washington DC

United States

Real estate
Real estate - ranked: tier 5

Sullivan & Worcester LLP

Sullivan & Worcester LLP’s ‘highly responsive’ team has ‘an in-depth knowledge of the real estate industry’ and ‘always understands the client’s business objectives’, and the firm is ‘competitively priced for the services it provides in the Boston market’. Key areas of expertise include sales and acquisitions, financing, leasing, and zoning and land use, and the firm is also noted for its capabilities in the private equity space. John Balboni jointly heads the practice and is currently advising Beacon Communities on its $250m acquisition of the Pittsburgh-based National Development Corporation (NDC). Other recent highlights include acting for Government Properties Income Trust, a REIT primarily invested in commercial properties leased to government tenants, on its $1.4bn acquisition of First Potomac Realty Trust, and advising Canadian insurer Manulife Financial on a number of joint ventures with offshore investors to acquire commercial office properties in the US. Practice co-head Ashley Brooks focuses on transactional matters, including single-lender and syndicated financings, acquisitions and investments.

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United States: Dispute resolution

General commercial disputes
General commercial disputes - ranked: tier 5

Sullivan & Worcester LLP

Sullivan & Worcester LLP provides an ‘excellent’ service, particularly in cross-border litigation and investigations. Gerald Silver heads the department, which is equipped to handle a range of litigation concerning securities, real estate, art law, professional liability and other areas. Highlights include the ongoing representation of Comcast in approximately 15 False Claims Act cases; Laura Steinberg in Boston is the lead partner. The team is also active in the financial services space, where clients include Credit Suisse and American Financial Resources. Franklin Velie and Jonathan Kortmansky receive praise. Named attorneys are based in New York except where otherwise indicated.

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United States: Finance

Project finance
Project finance: advice to sponsor - ranked: tier 5

Sullivan & Worcester LLP

Sullivan & Worcester LLP’s practice underwent some restructuring following a number of departures including former practice head Elias Hinckley, who left for K&L Gates. Washington DC-based Jeffrey Karp, who now has charge of the team, was active for a developer on an export credit agency-backed power project financing in East Africa. The practice is probably most notable for its sponsor side renewable work, with New York-based Hayden Baker and Truman Bidwell and Boston-based Benjamin Armour and Nicole Rives names to note in this space. Recent work includes advising on the acquisition and financing of landfill gas-to-energy facilities, waste-to-energy facilities and solar energy projects. BNRG Renewables, Cube District Energy, and I Squared Capital are all clients.

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United States: Industry focus

Environment: transactional
Environment: transactional - ranked: tier 4

Sullivan & Worcester LLP

Sullivan & Worcester LLP is ‘extremely responsive and professional’. The practice’s scope of work includes negotiating tailored contractual protection, structuring transactions to minimize environmental exposure, obtaining customized environmental insurance, and environmental due diligence investigations. The recommended names in Washington DC are Jeffrey Karp and Jerome Muys Jr; Victor Baltera in Boston is ‘very knowledgeable and provides reliable information to his clients’.

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United States: Investment fund formation and management

Mutual/registered/ exchange-traded funds
Mutual/registered/exchange-traded funds - ranked: tier 3

Sullivan & Worcester LLP

Sullivan & Worcester LLP has ‘strong knowledge of the industry and the law, plus an ability to distil complex regulations into practical advice’. The team has a particular strength in advising the independent trustees of funds, but also handles work for funds including traditional ’40 Act funds and ETFs across asset classes. David Mahaffey represents the independent trustees of the John Hancock Funds. David Leahy is an ‘outstanding lawyer with extensive knowledge of the SEC regulations and the operation of the funds industry’; he represents the trustees of the Legg Mason Partners Funds Fixed Income Funds. Fund representation included Mahaffey’s advice to the Virtus Mutual funds, including on its absorption of the Ridgeworth Funds. John Hunt in Boston and John Chilton advise the Pear Tree Funds and Williamsburg Investment Trust respectively. Matthew Van Wormer in New York and Nicole Crum are also key contacts. Lee Dunham retired in 2017. Unless mentioned otherwise, lawyers are located in the Washington DC office.

Next generation lawyers

Nicole Crum - Sullivan & Worcester LLP

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United States: Labor and employment

Employee benefits, executive compensation and retirement plans: design
Employee benefits, executive compensation and retirement plans: design - ranked: tier 5

Sullivan & Worcester LLP

Sullivan & Worcester LLP’s practice is based in Boston and led by David Guadagnoli, who advised clients on prohibited transaction issues, fiduciary regulations and IRS filings with regards to tax-qualified status. Amy Sheridan continues to guide a number of clients through the regulatory landscape of the IRC’s rule 409A, and supported Guadagnoli in his work for a school pertaining to the correction of missed non-elective contributions in its 403(b) plan. Jonathan Dubitzky is now of counsel.

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United States: M&A/corporate and commercial

Commercial deals and contracts
Commercial deals and contracts - ranked: tier 2

Sullivan & Worcester LLP

Sullivan & Worcester LLP’s corporate and M&A group acts for public and private companies across a broad range of transactions. In Boston, practice head Lewis Segall primarily assists with financings and joint ventures, as well as domestic and international M&A. Also in Boston, tax partner Steven Eichel has particular strength in cross-border transactions. Elias Hinckley is now at K&L Gates.

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M&A: middle-market (sub-$500m)
M&A: middle-market (sub-$500m) - ranked: tier 2

Sullivan & Worcester LLP

Recent work for Sullivan & Worcester LLP, which has offices in Boston, New York and Washington DC, includes advising large public companies with active acquisition programs; assisting a nationally known buyout firm with M&A deals; acting for foreign enterprises expanding into the US; and assisting technology companies and family-owned businesses. The practice stands out for its assistance to some of the US’ largest public and private REITs on notable transactions. It acted for Iron Mountain, an American enterprise information management services company, in its $135m acquisition of MAG Datacenters, which operates Fortrust, a private data center business; and Carol Wolff led advice to Diversified Holding and two of its wholly owned subsidiaries, Community Broadcasting Service and Diversified Broadcasting, on the sale of two television stations. Other matters included acting for ChallengeME Esports, a provider of a sophisticated eSports matchmaking and tournament platform, in its acquisition of US-based platform provider eSports Hero; and advising The Paciello Group on its sale to VFO, a portfolio company of tech-focused private equity firm Vector Capital. Boston-based corporate and M&A head Lewis Segall and Benjamin Armour are highly rated attorneys.

Next generation lawyers

Benjamin Armour - Sullivan & Worcester LLP

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United States: Real estate

Real estate investment trusts (REITs)
Real estate investment trusts (REITs) - ranked: tier 2

Sullivan & Worcester LLP

Acclaimed as ‘the best in Boston for REIT work’, Sullivan & Worcester LLP finds favor for its ‘in-depth knowledge of the industry’ and its ‘strong tax team, which is an invaluable resource’. The firm, which has strong experience in the public REIT market, advised on a string of debt and equity offerings over the past year - it is also active in M&A and corporate governance matters. Group co-chair Ameek Ashok Ponda is ‘exceptional for tax issues’ and advised Equinix on its $3.6bn acquisition of 29 data center buildings from Verizon Communications. Ponda also teamed up with the ‘excellentNicole Rives and newly promoted partner Lindsey Getz to advise Government Properties Income Trust on its $1.4bn acquisition of First Potomac Realty Trust and its $516.5m equity offering and $300m debt offering. Louis Monti ¬¬¬- a ‘go-to person for real estate work’ - co-leads the Boston-based practice.

Leading lawyers

Ameek Ashok Ponda - Sullivan & Worcester LLP

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United States: Tax

International tax
International tax - ranked: tier 4

Sullivan & Worcester LLP

Sullivan & Worcester LLP is well versed in tax-efficient cross-border M&A and reorganizations, foreign tax credit utilization, migration of intellectual property to tax-favored jurisdictions, capital structures and repatriation strategies, and transfer pricing, among other things. Douglas Stransky and his team assisted Spain-based publicly traded bank Alantra with its merger with CW Downer, an investment bank based in Boston with offices in Germany and France. Ameek Ashok Ponda has been advising Equinix, a public company operating data centers globally, on its REIT compliance from a tax and structuring perspective. Attorneys mentioned are based in Boston.

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US taxes: non-contentious
US taxes: non-contentious - ranked: tier 4

Sullivan & Worcester LLP

Sullivan & Worcester LLP’s ‘extremely knowledgeable’ tax team ‘provides a very high level of service, including complete and timely responses to queries’. Ameek Ashok Ponda, David Kaplan and Brian Hammell, the latter of whom made partner in January 2018, all have ‘very deep knowledge of REIT taxation rules’, which is the practice’s core area of expertise and covers tax compliance, transactions, capital markets offerings and REIT conversion tax. Other focus areas include M&A and estate planning, for which Christopher Curtis is recommended. Transactional tax planner Richard Jonesresolves issues in a very favorable manner’. Recent highlights include the representation of Equinix in its $7.7bn acquisition of 29 data center buildings from Verizon Communications, which was financed through cash, debt, equity and at-the-market offerings. American Tower Corporation, Hospitality Properties Trust, Iron Mountain, Senior Housing Properties Trust and Select Income REIT are notable clients in the REIT space. All mentioned attorneys are based in Boston.

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