Sidley Continues M&A Growth With Shearman Hire in NY
Brien Wassner's switch to Sidley Austin is the firm's latest move to bulk up its M&A and private equity offerings and build market share in the practice.
November 27, 2019 at 02:22 PM
3 minute read
Sidley Austin has brought on a corporate partner from Shearman & Sterling, the firm announced this week, the latest hire in a period of growth for the firm's mergers and acquisitions and private equity practices.
Brien Wassner, based in New York, has joined Sidley as a partner in its M&A and private equity practice. Wassner, most recently a member of Shearman's M&A practice group, was one of five co-leaders of its private capital industry group. Before Sherman, Wassner also practiced at Milbank, Jones Day, Winston & Strawn and Dewey & LeBoeuf.
Wassner's hire comes as Sidley has spent more than a year building out its M&A and private equity offerings. Last year, the firm snagged Adam Weinstein and Tony Feuerstein from Akin Gump Strauss Hauer & Feld. John Butler departed Davis Polk & Wardwell for Sidley's New York office in January. Outside of New York, Eleanor Shanks joined the firm in London from Proskauer Rose last month; a duo from Cooley joined the firm in Los Angeles in April; and San Francisco-based Jared Jensen left Goodwin Proctor for Sidley last year.
Sidley, ranked No. 6 in the Am Law 100, has experienced quite a few years of steady growth in head count and revenue. Last year, the firm employed 1,943 attorneys and raked in more than $2.2 billion in revenue, up from $1.3 billion in 2010, according to ALM data. Its average profits per equity partner stood at $2.55 million last year.
In a statement, Brian Fahrney, global co-leader of Sidley's M&A and private equity practice, said the firm had been focusing on growth in multiple markets, including New York.
"Our growth in private equity has been steady, deliberate and focused in key markets," he wrote. "As we continue to expand our private equity offerings, New York is an important market for us, and we think Brien will be an essential member of the team."
Wassner added in a statement that he was attracted to Sidley's growth in the M&A and private equity space. "Sidley's growth trajectory in private equity is pretty hard not to notice," he said, noting the firm also has "a strong global platform."
Shearman representatives declined to comment.
|Read More:
Sidley Austin Snags Private Equity Rainmakers From Akin Gump
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All'Further Investment in Power' Will Drive Big Law Business—But What About Clean Energy Projects?
6 minute readLegal Departments Gripe About Outside Counsel but Rarely Talk to Them
4 minute readAs Profits Rise, Law Firms Likely to Make More AI Investments in 2025
Law Firms Mentioned
Trending Stories
- 1Recent Decisions Regarding the Telephone Consumer Protection Act
- 2The Tech Built by Law Firms in 2024
- 3Distressed M&A: Mass Torts, Bankruptcy and Furthering the Search for Consensus: Another Purdue Decision
- 4For Safer Traffic Stops, Replace Paper Documents With ‘Contactless’ Tech
- 5As Second Trump Administration Approaches, Businesses Brace for Sweeping Changes to Immigration Policy
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250