Sidley Austin LLP has been rated by Institutional Investor’s Alpha Magazine as the hedge fund industry’s top provider of legal services. Sidley was named the “best overall law firm” serving the hedge fund industry and was also recognised as the number one law firm in the subcategory of “regulatory and compliance expertise.”
Institutional Investor’s 2006 Alpha Awards are based on a survey in which hedge fund managers are asked to rate the quality of service received from their accounting firms, fund administrators, law firms and prime brokers during the previous 12 months.
Representatives from more than 1,000 hedge fund management firms, representing $1 trillion in single-manager assets, participated in the survey.
“We are delighted by the recognition of Institutional Investor’s Alpha Magazine, particularly as the Alpha survey reflects the perspectives of those who matter most – our clients,” says Bill Kerr, co-head of the hedge fund practice and a partner in Sidley’s Chicago office. “As counselors, first and foremost, we are very gratified to be recognised for both the quality of our service and for our sophisticated knowledge.”
“Our practice is broad in terms of subject matter and deep in terms of resources,” adds Mike Schmidtberger, also a co-head of the practice and a partner in the New York office.