Doreen E. Lilienfeld is Co-Managing Partner of the US and a member of the Executive Committee.

She also previously served as the Practice Group Leader for the Global Governance & Advisory Practice Group; Compensation, Governance and ERISA / Private Clients.

She focuses on a wide variety of compensation-related matters, including the design and implementation of retention and compensation plans, disclosure and regulatory compliance, and employment negotiations with senior executives. She has advised both U.S. and non-U.S. issuers on corporate governance and regulatory requirements relating to compensation and benefits matters and high profile individuals in their employment and severance negotiations.

Doreen regularly advises Altice USA, CVS Health Corporation, Dick's Sporting Goods Inc., Electronic Arts Inc., Genmab, IMAX Corporation, JetBlue Airways, Lovesac, Promethean, Quest Diagnostics Incorporated, Telus International, The Chefs' Warehouse and Vavoline, amongst others in relation to regular executive compensation, disclosure and governance advice.

She has been a resident in the Frankfurt, London and Bay Area offices of the firm. She is a lecturer in Executive Compensation at the Berkeley School of Law. 

Experience

Representative matters

Technology and Telecom
Altice USA, Inc., in its separation and spin-off from Altice N.V., including its initial public offering of common stock and Altice N.V. in its $17.7 billion purchase of Cablevision
Citrix Systems Inc. in its acquisition of Wrike, Inc.
Hitachi in its $9.5 billion acquisition of GlobalLogic Inc.
Intapp in its $314 million initial public offering and Nasdaq listing
Liberty Global plc in its acquisition of Cable and Wireless Communications plc in a public transaction valued at $8.2 billion
$23.3 billion acquisition of Virgin Media plc and as parent of Virgin Media in its joint venture with O2

NIC Inc. in its $2.3 billion all-cash acquisition by Tyler Technologies Inc.
Quest Diagnostics in various matters, including its acquisitions of Athena Diagnostics, Inc. and Celera Corporation and its $2 billion acquisition of AmeriPath
Salesforce.com in its $2.8 billion public tender offer for Demandware, Inc. and in its acquisition of private company Quip, Inc.
SAP SE and Qualtrics International Inc. in

The carve out of Qualtrics from SAP, consisting of Qualtrics' $1.55 billion public offering
Qualtrics International in its $1.125 billion acquisition of Clarabridge and;
The subsequent $12.5 billion sale of Qualtrics Silver Lake and CPP investments

Telus International in connection with its NYSE listing and its acquisition of Lionbridge AI
Texas Instruments Incorporated in its $900 million acquisition of substantially all of the assets related to the operations of a 300-mm semiconductor factory in Lehi, Utah from Micron Technology, Inc.
Vice Media in its Chapter 11 filing and related employee compensation matters
VMware on its acquisitions of Octarine, Datrium and SaltStack, Inc.
Vontier Corporation in its definitive agreement to acquire DRB Systems, from affiliates of New Mountain Capital for approximately $965 million
WebMD Health Corporation in its sale to KKR in a $2.8 billion tender offer
Zillow, Inc. in its acquisition of competitor Trulia, Inc. in a stock-for-stock transaction

Healthcare and Life Sciences
AcelRx Pharmaceuticals in its acquisition of Lowell Therapeutics
CVS Health in its
$69 billion acquisition of Aetna
$10.6 billion acquisition of Oak Street Health

GlaxoSmithKline plc in its $5.1 billion acquisition of Tesaro
Ambipar Response's business, an environmental services provider, in its combination with HPX
invoX Pharma Limited, on its acquisition of F-star Therapeutics, Inc. for $161 million
Novartis' $3.9 billion acquisition of Advanced Accelerator Applications

Transport and Industrials
Albemarle Corporation in its $6.2 billion merger with Rockwood Holdings, Inc. and its $3.2 billion sale of its Chemetall Surface Treatment Business to BASF
B/E Aerospace, Inc. on its process to separate its industry-leading businesses into two independent, publicly traded companies, including management team transitions and appointments related to the separation
The Dow Chemical Company in its $130 billion transaction with DuPont involving combination of the two companies and separating them into three publicly trading entities and the resulting $50 billion spin-off of Dow Inc.; its $5 billion Reverse Morris Trust transaction with Olin; its acquisition of Rohm and Haas Corporation; its $1.67 billion auction sale of Morton Salt to K+S Aktiengesellschaft; its $1.63 billion auction sale of Styron to Bain Capital; its auction sale of the global polypropylene business to Braskem; and advice to Dow on related compensation and pension matters
Laxness in connection with its $1.075 billion acquisition of Emerald Kalama Chemical
LyondellBasell Industries N.V. in its $2.25 billion acquisition of A. Schulman, Inc.
KMG Chemicals $1.6 billion acquisition by Cabot Microelectronics Corporation

Consumer, Food and Retail
Bojangles, Inc. in its sale to Durational Capital Management and The Jordan Company in a public company merger transaction
The Chefs' Warehouse in its acquisition of Chef Middle East, a leading distributer of specialty food and beverage products in the United Arab Emirates, Qatar, and Oman, from Gulf Capital
Tire Rack Holdings, Inc. in its acquisition by Discount Tire

Energy and Energy Transition
American Water Works Company, Inc. in its $1.275 billion sale of its Homeowner Services Group to funds advised by Apax
Aegion Corporation in its $963 million sale to an affiliate of New Mountain Capital, L.L.C.
General Electric in the combination of the GE Oil & Gas Business with Baker Hughes, Inc. to create a $32 billion oilfield provider
Volta, an industry-leading electric vehicle charging and media company, in an agreement to be acquired by Shell USA, for $169 million

Leadership Positions And Professional Affiliations

  • Member, Advisory Board, Women in Law Empowerment Forum
  • Member, Board of Directors, Lawyers Alliance for New York
  • Vice Chair, Non-Qualified Deferred Compensation Committee of the ABA Section of Real Property, Trusts and Estate Law

Awards

  • Recognized as "Corporate Governance Lawyer of the Year" International Financial Law Review (IFLR), 2023 Women in Business Law Awards.
  • Member of the Law360 Editorial Advisory Board for Benefits in 2022 and 2023
  • Elected as Fellow by the American College of Governance Counsel (2021)
  • Her Compensation, Governance and ERISA team was awarded Benefits Team of the Year by Law360 in January 2020
  • Selected as a David Rockefeller Fellow with the Partnership for New York City for 2019 – 2022
  • Winner of Euromoney Americas Women in Business Law Award for Best in Corporate Governance (2018)
  • Included in Euromoney's Women in Business Law guide for Corporate Governance (2019, 2020)
  • Included in the "Notable Women in Law" list for Corporate Governance by Crain's New York Business (2019)
  • Legal directories, such as Chambers and Legal 500 US, have named Doreen as a leader in her field
  • Winner of the Chambers Women in Law Award for Leadership in the Community (2015)
  • For the past twenty years, Doreen has spearheaded the publication of the Shearman & Sterling survey of the compensation-related corporate governance practices of the largest 100 domestic issuers

Qualifications

Admissions

New York
California inactive

Academic

Benjamin N Cardozo School of Law, J.D., magna cum laude
Managing Editor, Cardozo Law Review
New York University, B.A. in Psychology with honors
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.