Top Proxy Law Firms Brace for Explosion of Activist Campaigns

Jan. 7, 2025, 10:00 AM UTC

Sidley Austin, capping off 2024 as the country’s most active big law firm helping companies fend off shareholder activism campaigns, expects an even bigger surge this year.

“The vast majority of activists were popping champagne, and Trump got elected,” said Kai Liekefett, a Sidley partner who helps lead the firm’s shareholder activism practice. “We are expecting activism to explode in 2025. Make no mistake, it will explode—we’re already seeing signs of that.”

Sidley has maintained the No. 1 ranking for three years in a row in defending companies against activist investors, keeping its lead over Vinson & Elkins LLP, new ...

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