Douglas J. Leary

Douglas J. Leary: Attorney with Eversheds Sutherland (US) LLP
  • Partner at Eversheds Sutherland (US) LLP (436 Attorneys)
  • 700 Sixth Street NW, Suite 700, Washington, DC 20001-3980
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Doug Leary, a partner in the Washington, DC office, represents publicly traded and privately held companies in a wide range of corporate and transactional matters, including:

•Stock and asset acquisitions
•Joint ventures
•Tender offers
•Private equity transactions
•Venture capital investments
•Debt and equity financings
•Commercial contract negotiations
•Corporate governance
•General corporate matters

With more than 25 years of experience, Doug has represented clients in hundreds of domestic and cross-border transactions in a variety of industries, including insurance and financial services, business development company (BDC), energy, consumer products, real estate, private equity, banking, equipment lease financing, medical technologies, aviation fixed base operations, hotel management, manufacturing, television, radio, newspaper and publishing, among others.

In the insurance and financial services space, Doug has represented stock and mutual insurance companies in merger and acquisition (M&A) transactions, reinsurance, and the drafting and negotiation of “stable value” contracts for the defined contribution and other markets, and has guided clients in more than 40 M&A transactions involving investment advisers, alternative asset managers (including CDO and CLO collateral managers), wholesale and retail broker-dealers, and distributors of insurance products.

Doug also works closely with members of the Eversheds Sutherland capital markets group in connection with transactional matters involving registered investment companies and BDCs, including mutual fund mergers, pre-IPO acquisitions of loan portfolios, subordinated debt financing and portfolio company purchases and sales. In addition, Doug has been involved in many of the largest strategic transactions in the BDC industry.

In the energy industry, Doug has represented numerous clients in M&A transactions involving nuclear energy providers, electric power plants, solar energy farms, retail electric providers, energy marketing and trading firms, and companies involved in nuclear decommissioning and decontamination.

In addition to his general M&A practice, during the United States banking crisis, Doug was extensively involved in the U.S. government’s efforts to provide financial assistance to one of the world’s largest banks, which was successfully accomplished through an innovative, multi-party loss-sharing arrangement on a $306 billion pool of troubled assets. Along the same lines, Doug helped develop a joint venture/loss-sharing transaction structure designed to assist banks in removing troubled assets from their balance sheets.

Regardless of the industry or size of the transaction, a common theme throughout Doug’s practice is the need for creative problem-solving and the development of innovative transaction structures and solutions to achieve his clients’ objectives.

Doug has been an adjunct professor at George Washington University Law School, where he taught an upper-level course on Takeovers and Tender Offers, and has participated on various industry panels, has published various articles, and has been quoted in the financial press regarding merger and acquisition-related topics.

View representative matters and detailed experience.

Selected Experience

Advised Nationwide in its acquisition of Jefferson National Financial Corporation.
Represented Wilton Reassurance Company in various transactions.
Represented British Nuclear Fuels in various transactions.

Awards and Rankings

Recognized by The Legal 500 United States in the area of mergers and acquisitions: middle-market (2017-2018)


“The crash of the financial markets in 2008 brought the M&A market to a virtual standstill. What has risen from the ashes of that event is a deal market that is dramatically different, and dealmakers and the lawyers who represent them need to understand how the players, the process and the transaction structures and terms have changed (and continue to change) in response to the ‘new normal.’”

Legal Alerts

Legal Alert: Delaware Supreme Court Addresses Novel Controlling-Stockholder Claim and Clarifies Effect of a Fully Informed, Uncoerced Stockholder Vote (October 9, 2015)
The Delaware Supreme Court recently issued an opinion, captioned Corwin v. KKR Financial Holdings LLC,1 that sheds further light on when a stockholder owning less than 50% of the voting power of a ...

Legal Alert: Final Volcker Rule: Update and Key Takeaways for Insurers (January 14, 2014)
If you have any questions, please contact Brian Barrett or Jamie Cain. On December 10, 2013, the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation, the Office of the Comptroller ...


M&A Landscape in 2013: Whither the Bottom? (2013)
Mergers and Acquisitions Law 2013 (Aspatore 2013)

The M&A Landscape in 2012: The Perfect Storm? (2012)
Mergers and Acquisitions Law 2012 (Aspatore 2012)

M&A Strategies in the Recovering Economy (2011)
Advising Clients in Mergers and Acquisitions (Aspatore 2011)

The Changing Face of the Due Diligence Process (2011)
Business Due Diligence Strategies (Aspatore 2011)


“Successfully representing a client in a significant corporate transaction requires a lawyer who has his or her pulse on every aspect of the transaction and the ability to coordinate with the client and the in-house and outside advisers in order to weave the many moving pieces into an integrated whole.”


Sutherland Tax Series: Mergers and Acquisitions (November 30, 2011)
Sutherland Tax Series
Sutherland Attorneys Robb Chase, Adam Cohen, Kenneth Jeruchim, Doug Leary and Bill Pauls are speaking at Sutherland’s Tax Series: Mergers and Acquisitions on November 30, 2011, in Berwyn, ...

2010 BDC Roundtable (September 13-14, 2010)
Sutherland Attorneys Cynthia M. Krus, Steven B. Boehm, Harry S. Pangas, James D. Darrow, Douglas L. Leary and Michael R. Miles are speaking at the 2010 BDC Roundtable on September 13-14, 2010, in ...

Nuts and Bolts of Selling a Division Corporate Counsel Webinar (September 2009)

Areas of Practice (8)

  • Corporate
  • Mergers & Acquisitions
  • Finance
  • Securities & Corporate Governance
  • Insurance M&A and Demutualizations
  • Insurance
  • Nuclear
  • Business Development Companies

Education & Credentials

Contact Information:
202.383.0703  Phone
University Attended:
Colgate University, B.A.; Johns Hopkins University, M.Sc., Finance
Law School Attended:
Boston University School of Law, J.D., cum laude, Editor, Boston University Law Review, G. Joseph Tauro Scholar, Paul Liacos Scholar, Edward F. Hennessey Scholar
Year of First Admission:
1991, New York; 1991, District of Columbia

Professional Activities

Member, American Bar Association
Member, Business Law Section, American Bar Association
Member, Mergers & Acquisitions Committee, American Bar Association
Member, Corporation, Finance and Securities Law Section, The Bar Association of the District of Columbia
Adjunct Professor of Law, The George Washington University Law School (2007-2010)

Birth Information:
Auburn, New York, August 15, 1963
Reported Cases:
Representative Matters: Representative Matters: Doug's experience includes: Represented; Nationwide Life Insurance Company: in its acquisition of Jefferson National Financial Corporation, an industry-leading distributor of tax-advantaged investing solutions for registered investment advisers.; Represented; Wilton Reassurance Company: in its $240 million acquisition of Conseco Life Insurance Company and its acquisition of the reinsurance business of Annuity and Life Reassurance.; Represented; British Nuclear Fuels: in various transactions, including its $5.4 billion sale of Westinghouse to Toshiba, the sale of BNG America to EnergySolutions LLC, the management buyout of BIL Solutions, and the acquisition of PaR Systems Inc.; Represented; BlackRock Kelso Capital Advisors: in the sale of its investment advisory business to BlackRock Financial.; Represented; Hartford Life: in its sale of Woodbury Financial, retail broker-dealer, to AIG Advisor Group Inc. and the acquisition of PLANCO, the largest whole distributor of mutual funds and insurance products in the U.S.; Represented; Cetera Advisor Networks: in its acquisitions of Walnut Street Securities and Tower Square Securities from MetLife.; Represented; Allied Capital Corporation: in its $850 million merger with Ares Capital Corporation; the $981 million sale of its collateralized mortgage-backed securities portfolio and servicing platform to CW Capital; and the acquisitions of Emporia Capital Management, Crescent Hotels & Resorts, Mercury Air Centers and Callidus Capital Management.; Represented; Patriot Capital Funding, Inc: . (NASDAQ: PCAP) in its $197 million merger with Prospect Capital Corporation.; Represented; Callidus Capital Management: in the sale of its collateral management business to GSO/Blackstone Debt Funds Management.; Represented; Lehman Brothers: in the sale of Champion Energy Services (retail energy provider) to Crane Capital.; Represented wholesale energy trading, marketing and services company; Eagle Energy Partners:, in connection with its sale to Lehman Brothers Commodities Holdings.; Represented; Telmark LLC: in the $617 million sale of its equipment lease portfolio to Wells Fargo Financial Leasing.; Represented; ING Americas: in various transactions, including its $152 million acquisition of United Life and Annuity from Penncorp, the sale of Medical Risk Solutions to SAFECO, and the sale of its cancer insurance block to Manhattan Life.; Represented; Swiss Re: in its $172 million tender offer for the outstanding stock of Southwestern Life Holdings (NASDAQ: SWLH) and the acquisition of North West Life Insurance Company of America.; Represented; Park Communications: (NASDAQ PARC), owner of 132 television stations, radio stations and newspapers, in the $711 million sale of Park to two private investors.

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Washington, District of Columbia

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