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Winston has one of the world’s premier sports law practices. Our work has included some of the most famous legal matters in sports history—including Alston v. NCAA, the case that culminated in a 9–0 Supreme Court victory for the college players against the NCAA; the US$2.15B Los Angeles Dodgers acquisition; McNeil v. the NFL, the landmark antitrust jury trial that led to the establishment of free agency in the NFL; the multi-billion-dollar construction and permanent financings for SoFi Stadium; and Morgan v. USSF, the case that led to a historic equal pay settlement for the players on the Women’s National Team. Our work is transforming this global, multibillion-dollar industry.
Practice Area
Trade Secrets, Non Competes & Restrictive Covenants
In today’s fast-paced, global marketplace, the theft of trade secrets and other confidential information is an all-too-common risk. Our team helps clients navigate this complex landscape with strategies that are both comprehensive and scalable—designed to prevent issues before they arise and respond effectively when they do.
Experience 56 results
Experience
|October 24, 2025
$400 Million GATX Corporation Senior Notes Offering
Represented joint book-running managers BofA Securities, Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC, as underwriters' counsel, in connection with the registered public offering by GATX Corporation of $200 million of its 5.500% Senior Notes due 2035 and $200 million of its 6.050% Senior Notes due 2054.
Experience
|September 11, 2025
$1.5 Billion Raymond James Financial, Inc. Public Offering of Senior Notes
We served as underwriters' counsel to BofA Securities, Citigroup, J.P. Morgan and Raymond James, as joint book-running managers, in connection with the registered public offering of $1.5 billion of Senior Notes by Raymond James Financial, Inc. comprised of $650 million of its 4.900% Senior Notes due 2035, and $850 million of its 5.650% Senior Notes due 2055.
Experience
|August 19, 2025
Winston advised Ellipsis U.S. Onshore Holdings LLC, a portfolio company of the Westlawn Group, in connection with the acquisition of high-quality, non-operated working interests in the Permian Basin of Texas and New Mexico—adding approximately 4,000 barrels of oil equivalent per day in net production and over 600 gross remaining drilling locations. This strategic transaction strengthens Ellipsis’ Delaware Basin footprint and supports its strategy of scaling through high-margin, low-cost assets.
Insights & News 662 results
Client Alert
|November 12, 2025
|3 Min Read
Take Notice: California Expands Healthcare Transaction Notification Regime
Just five days after tightening restrictions on the corporate practice of medicine for hedge funds and private equity groups, on October 11, 2025, California Governor Gavin Newsom signed Assembly Bill 1415 (AB 1415) into law, expanding the types of entities and transactions that must be reported to the California Office of Health Care Affordability (OHCA) under the state’s healthcare transaction review law.
Recognitions
|November 10, 2025
|1 Min Read
Winston Shortlisted for Financial Times 2025 Innovative Lawyers North America Awards
Winston & Strawn has been shortlisted for the Financial Times 2025 Innovative Lawyers North America Awards in the Unlocking Capital category, recognizing the firm’s work advising Groupon, Inc. in its US$80M fully backstopped rights offering for shares of the Company’s common stock.
Global Trade & Foreign Policy Insights
|November 4, 2025
|4 Min Read
White House Announces One-Year Suspension of Affiliates Rule Starting Nov. 10
Over the weekend, the White House announced, as a part of its economic and trade relations deal with China, that the U.S. will suspend implementation of the Affiliates Rule (a/k/a the BIS 50 Percent Ownership Rule) effective November 10, 2025.
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Winston & Strawn LLP is committed to providing employment opportunities to individuals whose experience and abilities best match job requirements. It is the policy of Winston & Strawn, in accordance with the provisions of local, state, and federal legislation dealing with employment and personnel practices, to ensure equal employment opportunity to all qualified persons without regard to race (including but not limited to, hair texture and protective hairstyles, which include but not limited to, such hairstyles as braids, locks, and twists), color, religion (including religious dress and grooming practices), personal appearance, creed, national origin (includes language use and possession of a driver’s license issued to persons unable to prove their presence in the United States is authorized under federal law, sex (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender identity or expression, ancestry, age (40+), sexual orientation, sexual preference, physical or mental disability, medical condition (including cancer and HIV/AIDS), marital status, genetic information (including family medical history), familial status or responsibilities, matriculation, political affiliation, order of protection status, salary or wage history, current employment status, disabled veterans, recent separated veterans (within three years of discharge or release from active duty), armed forces service medal veterans (veterans who, while on active duty, participated in a U.S. military operation for which an Armed Forces service medal was awarded), and other protected veterans (veterans who served as active duty during wartime or in a campaign or expedition for which a campaign badge has been authorized), or any other status protected by applicable federal, state, or local law (collectively, “protected characteristics). It is the interest and desire of the firm that equal opportunity be provided in employment and personnel policies and practices, such as recruiting, hiring, promotions, reassignments, transfers, Firm-Sponsored training, compensation, benefits, layoffs and recalls, terminations, recreation programs and all other privileges, terms, and conditions of employment.
Law Glossary
What Does “No Sugar Added” Mean?
The Food and Drug Administration (FDA) has set guidelines regarding the meaning of no sugar added. The FDA provides specific labeling requirements for the nutrient content of foods and claims about those foods. According to the FDA, when manufacturers claim a food has “no added sugars,” it cannot be processed with any sugar or sugar-containing ingredients, though it can have sugar alcohol or artificial sweeteners. Products without added sugar can contain naturally occurring sugar.
Site Content
What Is a Non-Fungible Token (NFT)?
The definition of a Non-Fungible Token, also known as an NFT, is a digital certificate (or token) which is stored on decentralized ledgers popularly referred to as the blockchain. NFTs use software code, referred to as “smart contracts,” to transfer the digital certificate of ownership, ensuring proof of ownership in the process. Like cryptocurrency, NFTs also use the blockchain to record transactions, but where cryptocurrency creates interchangeable (or “fungible”) tokens, NFTs create unique, noninterchangeable tokens with distinct identifiers.