Sidley Austin
| File:Sidleylogo.jpg | |
| Company type | Limited liability partnership |
|---|---|
| Industry | Law |
| Founded | 1866 |
| Headquarters | Headquarters in Chicago, 15 offices worldwide |
Key people | Thomas Cole, Managing Partner |
| Products | Legal services |
| Revenue | N/A |
Number of employees | Over 1,700 Attorneys |
| Website | www.sidley.com |
Sidley Austin LLP, formerly known as Sidley Austin Brown & Wood LLP, is the sixth-largest U.S.-based corporate law firm with over 1,700 lawyers, annual revenues of more than one billion dollars, and offices in Chicago, New York, Washington, DC, London, and 11 other cities. It is a full-service law firm, with broad experience in transaction and litigation matters. Its original predecessor firm was founded in 1866 and had Mary Todd Lincoln, the widow of President Abraham Lincoln, among its earliest clients.
According to Vault, it is a formidable contender for the top spot in the über-competitive, global law firm race. The firm frequently appears at the top of various industry rankings. In 2005, the BTI Consulting Group named Sidley to its Client Service Hall of Fame -- one of only two law firms to rank in BTI's Client Service Top 10 for five consecutive years -- and Sidley was named No. 1 Power Elite Firm for 2005. The firm also showed up in 14 categories on The American Lawyer's Corporate Scorecard, landing in the No. 1 spot for its roles as issuer's counsel in equities offered by U.S. corporations, issuer's and underwriter's counsel for investment grade debt, and underwriter's counsel for REIT debt. Other recent honors include the 2005 Catalyst Award, conferred in recognition of the firm's impressive initiatives to retain and promote women attorneys, and its second consecutive year as No. 1 in the rankings by Thomson Financial for top issuer counsel and manager counsel for U.S. debt and equity-related activity. [1]
The firm was formed as the result of the merger of two firms - the Chicago-based Sidley & Austin, founded in 1866, and the New York-based Brown & Wood, founded in 1914. The merger was completed in May 2001.
Locations
The firm has offices in Beijing, Brussels, Chicago, Dallas, Frankfurt, Geneva, Hong Kong, London, Los Angeles, New York, San Francisco, Shanghai, Singapore, Tokyo, and Washington, D.C..
Sidley during 9/11/01
The terrorist attacks of September 11, 2001, personally affected the employees of Sidley Austin. Prior to the merger creating Sidley Austin Brown & Wood, which took place just four months before the September 11, 2001 terror attacks, the head office of Brown & Wood was in the World Trade Center, while Sidley & Austin had recently opened a small New York office on Third Avenue. Out of 600 employees who worked in the World Trade Center at the time of the attacks, one perished, a support staff worker named Rosemary Smith.
Sidley Austin reopened its New York office on Monday, September 17, 2001 in the old Sidley & Austin office on Third Avenue that it had planned on closing on September 16. Instead, it leased four additional floors in that location, in a deal completed less than three hours after the collapse of the World Trade Center. Sidley Austin later opened a permanent new office on Seventh Avenue in July 2002.
Salary
In the United States, the summer associate starting salary is $2,800/wk ($3,100 in New York for 2007), and the first-year associate starting salary is $145,000 ($160,000 in New York).
Name changes
In the 1920s, the firm was named Cutting, Moore & Sidley. Following a number of changes, it was known as Sidley & Austin for many years until it merged with the New York capital markets firm Brown & Wood in the 1990s. Its name was changed to Sidley Austin LLP on January 1, 2006.
Famous Alumni
- Barack Obama was a summer associate in the Chicago office, but never joined the firm as a full-time associate. Reportedly, he met his wife, Michelle Obama (who actually worked at Sidley Austin at the time), as a summer associate at the firm. [2]
- John Zeglis, the former Chief Executive Officer of AT&T Wireless, was an associate (1973-1978) and partner (1978-1984) in the Chicago office, where he spent a significant amount of time helping AT&T navigate through the Federal Communications Commission's orders to breakup the company, before leaving to join AT&T as a corporate vice president.
- Newton Minow, the chairman of the Federal Communications Commission under President John F. Kennedy, was a partner in the Chicago office from 1965-1991 and continues to serve as senior counsel to the firm.
- Howard Trienens, former General Counsel of AT&T and board member of a number of large corporations, was an associate and partner in the Chicago and New York offices for many years.
- Edward "Tod" Eddy, III, frequent speaker at seminars about debt restructuring and the Asian securitization markets, currently managing partner of Singapore office.