Sullivan & Worcester Ranked in the 2015 Edition of The Legal 500 United States

 
S&W Press Release
June 3, 2015

Boston, MA – June 3, 2015 The Legal 500 United States recommended Sullivan & Worcester in eight of its practice areas and noted 26 of its lawyers in the 2015 edition, including:   

Practice Areas

Attorneys

Finance: Corporate restructuring (including bankruptcy)

Investment Fund Formation and Management: Mutual/registered funds

Labor and Employment: Employee benefits and executive compensation

Litigation: Commercial litigation

M&A/Corporate and Commercial: M&A-middle-market (sub-$500m)

Real Estate and Construction: Real estate investment trusts (REITs)

Tax: Domestic tax

Tax: International tax

Editorial Comments from The Legal 500

Finance: Corporate restructuring (including bankruptcy)
Sullivan & Worcester’s restructuring group is recommended for its 'unparalleled attention to detail.' The firm enjoys a solid reputation for advising creditors, lenders and investors in workouts and bankruptcy proceedings, with aircraft finance-related work standing out as a particular specialism. Among recent mandates, the firm represented Bank of Utah as indenture trustee for 11 intertwined financings involving energy investments. Jeanne Darcey heads the three-partner team, which also includes highly-rated litigator Patrick Dinardo.

Investment Fund Formation and Management: Mutual/registered funds
S&W's team 'clearly understands the business and role of independent trustees on a mutual fund board,' provides 'excellent service' and is lauded for its 'outstanding advice' to both open-end and closed-end funds, as well as their independent directors on the formation, offering and management of those funds. Its experience with assisting independent directors is particularly extensive and encompasses matters such as distribution arrangements, fund governance (including board operations and director compensation), oversight of conflicts and disclosure materials. A particular strong suit is in representing variable annuity insurance funds and/or their trustees; the group acts for MetLife funds on new fund registrations, fund reorganizations, sub-adviser changes and disclosure matters. The team also serves as independent fund counsel for the independent trustees of the John Hancock open-end and John Hancock closed-end funds. David Leahy is an 'outstanding lawyer' and fellow practice co-head David Mahaffey is also recommended.

Labor and employment: Employee benefits and executive compensation Within the tax department, the 'consistently excellent' and 'exceptionally knowledgeable' David Guadagnoli leads the team which regularly designs and implements all forms of retirement, welfare, fringe benefit, deferred compensation and equity compensation plans as well as ERISA-related matters. The firm also works with individuals on compensation packages, severance agreements, and retirement planning. Together with Amy Sheridan, Mr. Guadagnoli has advised on a prohibited transaction analysis related to a proposed investment by a client's defined benefit plan in a hedge fund.

Litigation: Commercial litigation
Clients are 'thoroughly pleased with the professional and pleasant team' at Sullivan & Worcester, where 'the partner you hire is the partner you get and the results are outstanding.' Andrew Solomon in New York oversees a team in which Harry Rimm, who advised Nestlé on a $30m contract dispute 'rates A+', and Franklin Velie and Jonathan Kortmansky advised sellers of diagnostics company ADI in breach of contract claims.

M&A/Corporate and Commercial: M&A-middle-market (sub-$500m)
Sullivan & Worcester represents several of the nation’s largest public and private REITs on M&A transactions, and fields experienced tax planners to assist on M&A deals. The team advised Iron Mountain on its $191m acquisition, by merger, of Cornerstone Records Management and its subsidiaries; advised GreenBytes, a Rhode Island-based provider of data compression and management technology, on its sale, via merger, to Oracle Corporation; and acted for Israeli company ClickSoftware Technologies on its acquisition, by merger, of Xora. Other key matters included advising Late July Snacks on the sale of an 80% stake to Snyder’s-Lance; and assisting Travel Centers of America with its acquisition of the membership interests of Girkin Development. Boston-based Carol Wolff and Lewis Segall lead the firm’s corporate and M&A practice. Darwin Conner joined the New York office from Winston & Strawn LLP.

Real Estate and Construction: Real estate investment trusts (REITs)
S&W has a multidisciplinary REIT practice underpinned by very strong tax capabilities. The Boston-based group almost entirely acts on the issuer site and is highly active in REIT structuring and conversions. The 14 partners in the team include key figure Ameek Ashok Ponda, who acted as tax counsel to American Tower Corporation in a $525m public offering of convertible shares, and practice head Louis Monti, who represented Senior Housing Properties Trust in its $1.125bn acquisition of two biomedical office buildings in Boston. Other clients include Select Income REIT, Hospitality Properties Trust and Iron Mountain Inc.

Tax: Domestic tax
Sullivan & Worcester has an 'extraordinarily strong' tax practice based in Boston, which is especially active in advising on REITs. Ameek Ashok Ponda led the firm’s representation of Equinix in its REIT conversion and the associated global restructuring. Mr. Ponda is also representing Iron Mountain Incorporated in its REIT conversion, and represented the same client in a private offering in London of £400m in aggregate principal amount of 6.125% senior notes due 2022. Another client is Senior Housing Properties Trust, for which the firm acted in a public offering of $400m of 3.25% unsecured senior notes and $250m of 4.75% unsecured senior notes. David Nagle is the leader of the firm’s tax group, which includes John Graham and Joseph Darby as well as Steven Eichel, who joined the firm from Choate, Hall & Stewart in May 2014.

Tax: International tax 
Sullivan & Worcester continued expanding its 'solid international tax offering' beyond the U.S. and around the world. A former co-chair of the International Tax Committee of the Boston Bar Association, Douglas Stransky is well versed in tax-related matters pertaining to real estate and REIT conversions. In a recent work highlight, it advised Iron Mountain Incorporated on the tax aspects of its conversion to a REIT, a complex mandate with a value of $5bn. Steven Eichel joined the team from Choate, Hall & Stewart in June 2014, and other names to note are Ameek Ashok Ponda, David Kaplan and Christopher Curtis; all are based in Boston.

For information about the 2015 rankings, visit The Legal 500.


About Sullivan & Worcester Sullivan & Worcester is a leading corporate law firm advising clients ranging from Fortune 500 companies to emerging businesses. With more than 175 lawyers in Boston, London, New York and Washington, D.C., the firm offers services in a wide range of areas, including corporate finance, banking, trade finance, securities and mutual funds, litigation, mergers and acquisitions, tax, real estate and REITs, private equity and venture capital, bankruptcy, environment and natural resources, climate change, renewable energy and water resources, regulatory law, and employment and benefits. For more information please visit www.sandw.com.

Contact:
Leah Schloss
617-338-2448
lschloss@sandw.com