Business & Leadership

Sidley Austin Starts 2019 With Corporate & Finance Hires

The firm's New York practice has just hired from Clifford Chance and Davis Polk & Wardwell

The firm's New York practice has just hired from Clifford Chance and Davis Polk & Wardwell

2019 has already been a happy year for Sidley Austin’s New York corporate and finance practice, which has welcomed a partner apiece from Clifford Chance and Davis Polk & Wardwell.


Steven Kolyer, noted for his experience in collateralised loan obligations (CLOs), particularly in commercial real estate, has joined the firm’s global finance department, while M&A and private equity expert John Butler is bolstering the firm’s corporate practice.


Butler also counts financial advisory work as a key strength of his. ‘It is a great way to stay in the flow and stay close to the bankers and what’s happening in the market,’ he explains. ‘It gives an interesting perspective on deal flow.’


Meanwhile, former Clifford Chance partner Kolyer’s experience will help strengthen the bridge between the firm’s lending and securitisation practices.


Sidley Austin has been making numerous notable hires in the last few months: Adam Weinstein and Tony Feuerstein joined the New York office’s private equity practice from Akin Gump Strauss Hauer & Feld in October, while corporate heavyweight Kenneth Baronsky arrived in Century City from Milbank, Tweed, Hadley & McCloy the following month.


The world’s eight-highest grossing law firm in 2018, Sidley Austin appears to be consistently making plays in profitable areas. Nonetheless, it remains 30th in the world when it comes to profits per partner (a metric by which all the other firms mentioned in this article, with the exception of Clifford Chance, surpass it). It will be interesting to see its hiring pattern in 2019, and whether it will complement its corporate expansion with similar hires in employment and restructuring, to weather a potential macroeconomic downturn.

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