Sidley Austin LLP is a name synonymous with legal excellence and a rich history. Founded in 1866 by Benjamin H. Sidley and John Austin, this elite law firm has grown into a global powerhouse with 21 offices in major commercial hubs. Boasting over 2,300 lawyers fluent in more than 80 languages, Sidley Austin offers unparalleled legal services worldwide. The firm is deeply committed to social responsibility, dedicating over 150,000 hours annually to pro bono work. Notable alumni include former President Barack Obama and former First Lady Michelle Obama. Sidley Austin's influence and dedication to positive change make it a standout in the legal world.
Founding and History
Sidley Austin has a storied past that has shaped its present-day success. Let's dive into some key moments and milestones.
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Sidley Austin was founded in 1866 by Benjamin H. Sidley and John Austin. This partnership marked the beginning of a legacy that has lasted over 158 years.
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The firm has grown significantly since its inception, becoming one of the largest and most respected law firms globally.
Global Presence
Sidley Austin's reach extends far beyond its Chicago roots. Its global footprint is impressive.
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Sidley Austin operates 21 offices in major commercial and financial centers around the world. This extensive network allows the firm to serve clients globally.
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The firm employs 2,300 lawyers, fluent in more than 80 languages. This linguistic diversity helps them navigate complex legal landscapes with ease.
Client Service Model
Sidley Austin prides itself on delivering top-notch service to its clients. Their approach is both strategic and client-focused.
- The Built to Win℠ client service model ensures clients receive the best possible outcomes in complex matters. This model is designed to deliver strong representation and tailored legal strategies.
Pro Bono Work and Social Responsibility
Sidley Austin is committed to giving back to the community. Their pro bono work and social responsibility initiatives are noteworthy.
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The firm dedicates over 150,000 hours annually to pro bono work. This significant contribution underscores their commitment to social responsibility.
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Sidley Austin partners with local charitable organizations as part of its social responsibility program. This collaboration enables their professionals to contribute their talents to various volunteer projects.
Notable Alumni
Sidley Austin has mentored some of the most influential figures in recent history.
- Former President Barack Obama and former First Lady Michelle Obama are among the firm's notable alumni. This association highlights the firm's influence and the caliber of individuals it has mentored.
Appellate Practice Group
Sidley Austin's Appellate Practice Group is a cornerstone of its legal services, with a rich history of success.
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U.S. Solicitor General Rex E. Lee founded the Appellate Practice Group in 1985. This group represents clients in all appellate courts, including the United States Supreme Court.
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Carter Phillips led the Appellate Practice Group after Rex E. Lee's death. Phillips has argued more cases before the Supreme Court than any lawyer in private practice.
Involvement in Major Legal Events
Sidley Austin has been involved in significant legal events that have shaped its reputation.
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The firm was involved in the Savings and Loan Crisis, leading to a $7.5 million settlement for legal malpractice claims. This incident was profiled in Ralph Nader and Wesley J. Smith's book No Contest: Corporate Lawyers and the Perversion of Justice in America.
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In 2007, Sidley Austin agreed to pay $39 million as part of a settlement with the IRS. This settlement allowed the firm to avoid criminal charges of alleged fraudulent tax shelter activities.
Rankings and Recognition
Sidley Austin consistently ranks among the top law firms globally. Their accolades speak volumes about their expertise and reputation.
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Sidley Austin is the eleventh-largest U.S.-based corporate law firm, with approximately 2,000 lawyers and annual revenues of about three billion dollars.
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The firm is one of the highest-paying companies in the U.S., with a base salary of $225,000 for first-year associates and $435,000 for eighth-year associates.
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Equity partners saw a profit per partner of more than $3.0 million in 2020. This financial success underscores the firm's strong market position.
Industry Rankings
Sidley Austin frequently appears at the top of various industry rankings, showcasing their expertise across multiple legal fields.
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In 2020, the BTI Consulting Group named Sidley to its BTI Client Service A-Team. The firm has ranked in BTI's Client Service Top 30 for 19 consecutive years.
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Sidley Austin earned the top spot in Asset-Backed Alert's 2019 league tables for most active underwriter counsel in U.S. asset- and mortgage-backed securitization transactions.
Awards and Honors
Sidley Austin has received numerous awards and honors, reflecting their excellence in various legal areas.
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The firm was named the "Law Firm of the Year" in FDA Law and Securities Litigation by U.S. News & World Report in 2020.
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Sidley Austin received the American Bar Association's 2019 Champions for Disability Inclusion in the Legal Profession Award. This award recognizes the firm's progress in recruiting, retaining, and advancing lawyers with disabilities.
Securities and International Trade Practices
Sidley Austin's expertise in securities and international trade law is well-recognized.
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The firm's securities practice consistently ranks first in the respective specialty rankings of Chambers and Partners.
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Sidley Austin represents the Airbus/European Communities side in the ongoing WTO dispute with Boeing/US. The group was named a 2019 International Trade Group of the Year by Law360.
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The firm was honored as "Law Firm of the Year" in Trade & Customs by Who's Who. This distinction highlights their exceptional expertise in trade and customs law.
Office Expansion
Sidley Austin continues to grow, expanding its reach to new markets.
- In 2022, Sidley Austin opened an office in Miami. This addition underscores the firm's commitment to expanding its reach across the Americas.
Client Service Excellence
Sidley Austin's commitment to client service has earned them numerous accolades.
- The firm has been named to the BTI Client Service A-Team for 19 consecutive years. This recognition demonstrates their consistent commitment to delivering high-quality service.
Pro Bono Projects and Community Engagement
Sidley Austin's dedication to pro bono work and community engagement is evident in their numerous initiatives.
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The firm has been involved in various high-profile pro bono cases, showcasing their commitment to social justice and community service.
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Sidley Austin partners with local organizations to support causes such as education, healthcare, and environmental conservation.
Leadership in Diversity and Inclusion
Sidley Austin has made significant strides in promoting diversity and inclusion within the legal profession.
- The firm has been recognized for its efforts to recruit, retain, and advance lawyers with disabilities, earning the American Bar Association's Champions for Disability Inclusion in the Legal Profession Award in 2019.
Litigation Department Recognition
Sidley Austin's litigation department is known for its expertise and success in complex cases.
- The litigation department was a finalist for The American Lawyer's 2019 Litigation Department of the Year award. This recognition highlights their expertise in litigating complex cases.
Trade Disputes
Sidley Austin is actively involved in trade disputes, representing clients in high-profile cases.
- The firm represents clients in high-profile cases before international trade bodies, showcasing their expertise in international trade law.
Tax Shelter Settlements
Sidley Austin's involvement in tax shelter activities led to significant settlements.
- In 2007, the firm agreed to pay $39 million to avoid criminal charges related to alleged fraudulent tax shelter activities. This incident underscores the importance of ethical practices in the legal profession.
Corporate Law Rankings
Sidley Austin is consistently ranked among the top corporate law firms globally.
- The firm's expertise in corporate law is unmatched, with a strong track record of advising clients on complex transactions and regulatory matters.
FDA Law and Securities Litigation
Sidley Austin's expertise in FDA law and securities litigation has earned them top honors.
- The firm was named the "Law Firm of the Year" in FDA Law and Securities Litigation by U.S. News & World Report in 2020.
Client Service A-Team
Sidley Austin's commitment to client service has earned them a spot on the BTI Client Service A-Team for 19 consecutive years.
- This distinction underscores the firm's commitment to delivering exceptional client service and achieving high client satisfaction rates.
Asset-Backed Alert Rankings
Sidley Austin's expertise in asset-backed securities is well-recognized.
- In 2019, the firm earned the top spot in Asset-Backed Alert's league tables for most active underwriter counsel in U.S. asset- and mortgage-backed securitization transactions.
Chambers and Partners Rankings
Sidley Austin's securities and international trade practices consistently rank high in Chambers and Partners.
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The firm's securities practice consistently ranks first in the respective specialty rankings.
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The international trade practice has also been recognized for its excellence, ranking among the top in the field.
Law360 Recognition
Sidley Austin's international trade group has been recognized by Law360.
- The group was named a 2019 International Trade Group of the Year. This recognition underscores their expertise in international trade law.
Who's Who Recognition
Sidley Austin has been honored by Who's Who for their expertise in trade and customs law.
- The firm was named "Law Firm of the Year" in Trade & Customs. This distinction highlights their exceptional expertise in this specialized area.
Miami Office Expansion
Sidley Austin continues to grow, expanding its reach to new markets.
- In 2022, the firm opened an office in Miami. This addition reflects their commitment to expanding their reach across the Americas.
Commitment to Positive Change
Sidley Austin is passionate about making a meaningful impact and fostering positive change.
- The firm's commitment to creating opportunities for people of all backgrounds and building an inclusive culture is evident in their extensive pro bono projects and community engagement initiatives.
Sidley Austin: A Legacy of Excellence
Sidley Austin stands tall as one of the most prestigious law firms globally. With a rich history dating back to 1866, the firm has grown to 21 offices worldwide, employing 2,300 lawyers fluent in over 80 languages. Their Built to Win℠ client service model ensures top-notch outcomes in complex legal matters. Sidley Austin's commitment to pro bono work, dedicating over 150,000 hours annually, highlights their dedication to social responsibility. Notable alumni like Barack and Michelle Obama underscore the firm's influence. Despite past controversies, such as the Savings and Loan Crisis and tax shelter settlements, Sidley Austin remains a leader in corporate law, securities, and international trade. Their ongoing efforts in diversity, inclusion, and community engagement reflect a firm dedicated to positive change. Sidley Austin continues to set the benchmark for legal excellence and ethical practice.
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