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Message: <blockquote data-quote="Andrei Radu" data-source="post: 226145" data-attributes="member: 36777"><p>On Sidley's market position and strengths:</p><ul> <li data-xf-list-type="ul">Sidley is a Top 10 global law firm by revenue (sitting around the $3.5bn mark), is more international than most US rivals (with 20+ offices), with a large both New York and London presence (currently the 17th by London-generated revenue, having surpassed the $225m mark). </li> <li data-xf-list-type="ul">The firm is known for its high-value transactional work, and is therefore uncontroversially deemed to be part of the newly formed group of "global elite" law firms (a group of highly-profitable firms with strong offerings in both London and New York, who are expected to increased their hold over the transatlantic deal corridor over the coming years). </li> <li data-xf-list-type="ul">While sitting just bellow the traditional "Vault 10" group of firms (a US publication ranking the biggest US firms by prestige based on associate reviews every year) in terms of historical reputation and also profitability (most V10 firms are sitting around the $7 million average PEP figure, while Sidley's PEP is approx $5 million), the firm could be compared with the likes of Milbank and Paul Hastings in terms of its embrace of private capital work and its huge recent growth to catch up with the historical New York elite. </li> <li data-xf-list-type="ul">Speaking of an embrace of private capital, while Sidley had historically been very strong in traditional banking, securitisation, and financial regulatory work, but, as this type of work took a hit post 2008, the firm has shifted to servicing the booming PE industry. </li> <li data-xf-list-type="ul">In London, this is reflected in their practice area strengths, as the firm has top tier teams for PE Funds work and PE buyouts, and more recently has hired one of the best leveraged finance teams in the market from Latham. This move was very talked about last year as it is thought to demonstrate (i) Sidley's growing ambition in London; and (ii) its increasing clout, having been able to hire rainmaking partners from Latham, a larger and more profitable firm, that has traditionally been seen as more dominant in the private capital space.</li> <li data-xf-list-type="ul">Finally, in London Sidley is also known for its regulatory work, being particularly strong in financial services and life sciences - a feature that differentiates it from most of its US rivals. This is apparently also helping Sidley secure work on PE deals that come with particular regulatory complexity. </li> </ul></blockquote><p></p>

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