On December 19, 2023, Diligent Market Intelligence (DMI) published its 2023 shareholder activism advisor rankings. Out of 72 ranked law firms, Wilson Sonsini Goodrich & Rosati's Shareholder Engagement & Activism practice was recognized as a top five advisor, with 25 public representations in 2023. A greater number of cases were resolved behind closed doors.

The firm’s total number of representations in 2023 increased by over 30 percent from the prior year, according to DMI data.

Practice group leaders Sebastian Alsheimer and Doug Schnell anticipate more shareholder activism in 2024. “Activists are figuring out how to exist in a world where capital isn’t free,” noted Doug in an interview with Diligent. “We’re at the point where companies that are still laggards now that we’re past the pandemic that haven’t been as on top of governance changes are very vulnerable.”

To view the full report, please click here.