Deeply experienced corporate partner Kenneth Baronsky has arrived from Milbank
Sidley Austin’s Los Angeles practice has been strengthened by the arrival of corporate expert Kenneth Baronsky, former managing partner at Milbank, Tweed, Hadley & McCoy.
Baronsky, who has particular expertise in M&A, restructuring and both debt and equity investments, claims he was lured by Sidley Austin’s impressive national scope, with offices in Boston, Chicago, Dallas and Houston in addition to West Coast bases in San Francisco and Palo Alto. ‘My practice is not really West Coast-based,’ Baronsky told The American Lawyer. ‘In most of the deals I’m working on, the companies could be based almost anywhere.’ Milbank’s only US offices, by contrast, are in New York City, Washington, D.C. and Los Angeles.
Daniel Clivner, co-head of Sidley Austin’s private equity group and managing partner of the Century City office that has welcomed Baronsky, avers that the move ‘reaffirms Sidley’s position in Los Angeles as the destination corporate practice for Wall Street lawyers’.
Baronsky is bullish on the market in the short term, pointing to the strength of activity in the media and entertainment sectors – particularly betting and gaming. Indeed, Los Angeles has already seen lawyers gearing up to handle the work that will flow from the Supreme Court’s overturning, earlier this year, of a federal ban on commercial sports gambling: just last week, Gibson, Dunn & Crutcher launched its international betting and gaming practice, manned in LA by Kevin Masuda.
Nonetheless, Baronsky’s experience in restructuring means that he is well-equipped to handle market downturns as well as boom periods – so if things take a turn for the worse, Sidley Austin’s Century City office is now that bit better placed.