In an impressive development, Sidley Austin’s UK revenue saw a surge by 12.4% in 2023, reaching nearly $210 million. The significant increase is primarily due to its private capital efforts made for football team owners. Boasting about 210 practicing lawyers in London, the firm notably advised Clearlake, the investment group which acquired the famous Chelsea Football Club in 2022. It also aligned with the ownership of the West Bromwich Albion Football Club. (Global Legal Post)
On another note, Florida attorney Michael Meyer was sentenced to eight years in prison for executing a tax shelter scheme deemed as an “Ultimate Tax Plan.” The IRS labeled the plan a “sham.” Meyer used the unearned profits, amounting to $10 million, to fuel an extravagant lifestyle, intricately peppered with luxury vehicles like Lamborghinis, Rolls-Royces, and Mercedes-Benzes. (GulfLive.com)
Furthermore, Brown Rudnick experienced a high in its revenues in 2023. The firm recorded $269.5 million, which was a 6.3% increment from the previous year. Leaders at the firm attribute this increase in revenue to the growth in their mass torts, litigation, and restructuring practices. (Law.com)
Moving to the In-house sector, several key leadership changes were noted. Hope Jarkowski was designated as the chief legal officer at Broadridge Financial Solutions, Inc., having previously served as the general counsel and head of equities at the New York Stock Exchange. Ellyn Garofalo was appointed the managing shareholder at Carlton Fields’ Los Angeles office. Jennifer Schultz joined Nixon Peabody as a partner, where she will lead the permitting and land use team in the Boston office. Evan S. Cowit switched to Moses Singer as a partner and chair of the private clients group, previously being part of Kudman Trachten Aloe Posner.Bloomberg Law