Sidley Austin, one of the nation’s largest law firms, with an annual revenue of $3.2 billion and a workforce of approximately 2,300 lawyers, has announced the election of Brian Fahrney as chair-elect of the firm’s executive committee. Fahrney, currently the global co-leader of Sidley’s M&A and private equity group, will take over the role in April, when Michael Schmidtberger, the current chair, steps down. This leadership change is expected to further drive the firm’s growth, building on the 50% revenue increase and profitability gains achieved under Schmidtberger’s tenure.
Yvette Ostolaza will retain her position as the chair of Sidley’s management committee, ensuring continuity in the firm’s strategic direction. Additional details regarding this leadership transition were released in a statement by the firm. For more information, the full article is available here.