Sidley Austin’s Private Equity Bet Pays Off

Jan. 28, 2020, 1:18 PM

Sidley Austin launched a private equity practice later than others in Big Law, but has met with quick success, reaching revenues of $300 million for the practice and counting the likes of Clearlake Capital, KKR, and Siris Capital as clients.

Hard at Work: Building a brand from scratch in an incredibly competitive — and lucrative — practice space hasn’t been easy and has required the firm to think differently than many other Big Law firms.

Getting Serious: “Our biggest challenge of course over time was convincing clients and lateral partner transfer candidates that we were serious about private equity and that we were intending to play at a very high level in that space,” said Brian Fahrney, longtime Sidley partner and co-head of its private equity practice.

Meghan Tribe has the story.


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Jones Day announced that Lanier Saperstein has joined as a partner in its Financial Markets Practice in New York | Baker McKenzie hired Thomas Asmar as a partner in the M&A practice in Silicon Valley from Skadden, Arps, Slate, Meagher & Flom LLP | Winston & Strawn added Eric Johnson and Michael Blankenship as partners to the capital markets and M&A group in Houston | Greenberg Traurig’s Latin America practice has added Giovanni Biscardi as a shareholder in the New York office and as a foreign legal consultant in the Miami office from Carlton Fields; and M. Adel Aslani-Far joins as a shareholder in the Global Corporate Practice in New York from Latham & Watkins LLP | Fisher Phillips added Michael R. Miller as senior counsel and Timothy Tack as partner in Tampa office; both are attorneys in the Professional Employer Organization industry and join from Miller Tack & Madson| Drinker Biddle added four intellectual property partners to its Denver office; Timothy Scull, Kirstin Stoll-DeBell, Andrew Pouzeshi and Kathleen Ott all arrive from Merchant & Gould P.C. | Dechert said that Howard Klein has joined as a partner in the employee benefits and executive compensation group in New York | Eversheds Sutherland hired Stanley Freeman as a partner in Washington from Powers Pyles Sutter & Verville | Latham & Watkins added Robert H. Hotz Jr. as a partner in the Litigation & Trial Department and member of the White Collar Defense & Investigations Practice in New York from Akin Gump Strauss Hauer & Feld LLP | Alston & Bird has hired Stuart Plunkett as partner in San Francisco from Baker Botts LLP.

To contact the reporter on this story: Bruce Kaufman in Washington at bkaufman@bloomberglaw.com

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