Dynamic Practice, Compelling Work
Fried Frank associates play an essential role in the Firm’s delivery of top-notch legal services to its clientbase, which comprises the world’s largest investment banks and financial institutions, Fortune 500 companies and other multinational industry leaders. Working at a global law firm with offices in the world’s principal financial centers , associates at Fried Frank are continually involved in complex, high-profile matters involving the sophisticated cross-border work for which the Firm is well known. As vital members of the firm, Fried Frank associates are given a high level of responsibility and immersed in significant matters from their first day, with ample opportunity to interact with clients and work closely with partners.
Our attorneys strive for excellence. Chambers USA named 50 Fried Frank lawyers and 17 practice areas to its 2015 ranking of America’s Leading Lawyers for Business; Legal 500 2015 recognized 82 Fried Frank attorneys in 29 categories; the 2015 Edition of U.S. News – Best Lawyers “Best Law Firms” recognized Fried Frank as a first-tier law firm in 20 national practice areas as well as 28 practice areas in New York City and Washington, DC combined; and the Firm is consistently ranked in the Vault Law 100.
Fried Frank is one of the few firms that represent the full spectrum of M&A players, including leading corporations, private equity firms, investment banks and acquisitive hedge funds. Our team advises clients on their most challenging transactions, including joint ventures, restructurings, negotiated and hostile takeovers and mergers, and strategic investments.
Our litigators are some of the best in the field, and their expertise in general commercial litigation, enforcement and investigations, securities shareholder litigation, intellectual property, white-collar defense and corporate governance is widely recognized. The Firm’s award-winning real estate practice is unmatched in reputation and skill, and its lawyers consistently handle market-leading deals shaping the landscape of New York and Washington, DC real estate. Fried Frank is also highly regarded for its work on critical matters involving antitrust and competition, asset management, bankruptcy and restructuring, executive compensation and employee benefits, insurance, international trade and investment, and tax, among other areas of law.
Some of the Firm’s recent headline-grabbing work, from across various practice areas, includes its counsel to:
- Humana in its pending US$37 billion acquisition by Aetna. Upon closing, the transaction would bring together Humana’s growing Medicare Advantage business with Aetna’s diversified portfolio and commercial capabilities to create a company serving the most seniors in the Medicare Advantage program and the second-largest managed care company in the United States.
- CVS Health Corporation in its agreement to acquire Target’s pharmacy and clinic businesses for approximately US$1.9 billion.
- Goldman Sachs in the formation of Broad Street Real Estate Credit Partners II, LP and affiliated entities. The fund held its final closing in April 2014 with total commitments of approximately US$1.8 billion
- Media General in its US$2.365 billion acquisition of LIN Media LLC, and several subsequent transactions, to create the second-largest pure-play television broadcasting company in the US.
- Brookfield Property Partners, along with its institutional partners, in its US$4.283 billion acquisition of Capital Automotive LP, a portfolio company of DRA Advisors LLC
- The management team of New Look Retail Group Limited in its acquisition by Brait SE. Under the agreement, Brait will acquire an approximate 90 percent interest in New Look, primarily from funds advised by Permira and Apax. The existing management team will reinvest and thereby hold the remaining 10 percent shareholding
- 21st Century Fox and News Corp. in connection with their non-binding agreement with Silverstein Properties (SPI) to locate each company's corporate headquarters at a new building to be developed by SPI at 200 Greenwich Street/2 World Trade Center. 21st Century Fox and News Corp. would anchor a state-of-the art tower designed by Bjarke Ingels Group to house studios, newsrooms and teams from across both companies' businesses
- J.P. Morgan Securities and Morgan Stanley & Co., as representatives of the several underwriters, in Shake Shack Inc.’s US$120.750 million initial public offering of common stock
- KKR in its US$700 million refinancing of the entire capital structure of Preferred Sands, a leading supplier of frac sand in the United States and Canada
- Joe Gregory, the long-serving former President of Lehman Brothers, in all of the civil litigation arising out of the collapse of Lehman Brothers, including consolidated class actions and MDL litigation. Fried Frank also represents Mr. Gregory in the SEC, US Attorney’s Office and Attorney General investigations stemming from the collapse.
- Mercedes-Benz continues to retain Fried Frank on multiple patent matters including an ongoing patent infringement matters in Texas (LED displays), California (radar and occupant sensing technologies), Georgia (chemical coatings for engine parts), and Delaware (mobile WiFi networks).
- In response to a shareholder demand, Fried Frank was retained by the Audit Committee of the Board of Directors of JPMorgan Chase & Co. to assist with an investigation into supposed LIBOR manipulation and other related alleged wrongdoing. Following the Board’s decision not to bring the litigation proposed in the demand, the shareholders sued JPMorgan’s directors. Fried Frank represented the independent members of the Board in the litigation and moved to dismiss the complaint. Justice Shirley Werner Kornreich granted the motion to dismiss and dismissed the shareholder’s complaint with prejudice.
- Counsel to SPX Corporation on a tax-free spin-off of its Flow business and its related swap of debt securities.
Click here to review sampling of Fried Frank's recent major matters
Click here to view some of our recent rankings and accolades
Reigning Over Real Estate
Fried Frank’s real estate practice is consistently at the forefront of the largest and most complicated transactions and is unrivaled in both the scope of its work and the talent of its attorneys. Our real estate practice consistently ranks number one in Vault, Chambers USA and Legal 500 US and has received the Chambers USA Award for Excellence.
Associates specializing in real estate law learn from, and work with, the best in the industry. We represent our clients on complex matters involving the acquisition and disposition of single assets and portfolios, mortgage, mezzanine and construction financing on behalf of borrowers and lenders, land use, development and construction, leasing on behalf of landlords and tenants, distressed real estate and workouts, joint ventures, real estate investment trusts and real estate litigation.
Among the noteworthy transactions recently handled by the Fried Frank real estate team are its counsel to:
- a joint venture between Perella Weinberg Partners Asset Based Value Strategy, a leading alternative asset management strategy and a unit of Perella Weinberg Partners, and Madison Marquette, a leading commercial real estate investment and operating company, in its acquisition of The BankNote Building, a 410,000 square-foot office complex in the Bronx, New York.
- a joint venture between BlueMountain Capital Management, LLC, a leading asset management company, and Aimbridge Hospitality, LLC, a leading hotel investment and management firm, in the acquisition and financing of a portfolio of sixteen Marriott hotel properties.
- Anbang Insurance Group Co. Ltd. in its agreement to purchase the Waldorf Astoria New York from Hilton Worldwide Holdings Inc. for US$1.95 billion. Fried Frank served as co-counsel with Skadden and Greenberg Traurig.
- 225 Fourth, LLC, in leasing 194,000 square feet of space in Manhattan to social news and entertainment company BuzzFeed Inc.
- an affiliate of Carr Properties as landlord in a 700,000 square-foot lease of a building to be constructed for Fannie Mae’s new headquarters at 15th and L Streets in Washington DC, replacing The Washington Post’s current headquarters.
- the American Bible Society in connection with the US$300 million sale of its national headquarters building in Manhattan and the lease for its new home in Philadelphia.
- real estate developers Brookfield Office Properties and The Moinian Group in securing a combined US$179.9 million in tax abatements from The New York City Industrial Development Agency for their respective Hudson Yards development projects.
- real estate investment manager Clarion Partners, which led a group of investors in a newly formed open ended fund organized to acquire Gables Residential. Fried Frank acted as M&A counsel.
- Brookfield in connection with a 20 year lease of 550,000 square feet at One Manhattan West to Skadden, Arps, Slate, Meagher & Flom. Skadden will be the anchor tenant in One Manhattan West, a planned 2.1 million square foot office tower to be constructed at the southwest corner of 9th Avenue and 33rd Street at a cost of approximately $2.1 Billion.
- Kushner Companies in its US$296 million purchase of the retail condominium at 229 West 43rd Street in Times Square from a partnership between Africa Israel USA and an affiliate of Five Mile Capital Partners LLC.
- 21st Century Fox and News Corp. in connection with their non-binding agreement with Silverstein Properties (SPI) to locate each company's corporate headquarters at a new building to be developed by SPI at 200 Greenwich Street/2 World Trade Center.
- Extell Development Company in its US$115.5 million acquisition of the remaining residential development rights to City Point’s Phase 3 from co-developers Acadia Realty Trust and Washington Square Partners. City Point is a 1.9 million square foot mixed-use development in Downtown Brooklyn that will feature retail, residential, entertainment and office space.
Fried Frank has long held a commitment to pro bono work and a strong sense of philanthropic responsibility. Our attorneys work with a variety of pro bono clients including immigrants, veterans, microentrepreneurs, victims of domestic violence, artists seeking representation on intellectual property matters, indigent individuals accused of crimes and charter schools.
Fried Frank is widely acknowledged by both the legal and nonprofit communities for its pro bono efforts. Most recently, Fried Frank was honored for its pro bono support of The Door’s Homeless & Runaway Youth Legal Clinic at Joining in Justice 2015. The Door's Homeless & Runaway Youth Clinic is one of the Association of Pro Bono Counsel's IMPACT projects, which are nationwide collaborative projects inspired by APBCo's board's meetings with Vice President Joe Biden. The clinic was launched in 2013 by Fried Frank in collaboration with Simpson, Thatcher & Bartlett and is run by the two firms. Lawyers at the clinic advise young people on legal issues involving family law, criminal law (primarily transit tickets), name changes, foster care, education and immigration among others. Additionally, Fried Frank was honored with an Outstanding Achievement Award from the Washington Lawyers' Committee for Civil Rights and Urban Affairs. Partner Douglas W. Baruch and associates Katherine Raimondo and Anit K. Jindal accepted the award on the Firm’s behalf during the 2015 Wiley A. Brown Awards luncheon. Their work in litigating and ultimately achieving a confidential settlement in an employment discrimination matter led to the Firm’s recognition. Fried Frank was also the recipient of the 2014 Beacon of Justice Award, an annual honor sponsored by The National Legal Aid and Defender Association (NLADA) that recognizes law firms which devote significant time and resources to improve the lives of low-income individuals. Special Counsel Karen Grisez was named a Pro Bono Division 2014-2015 Volunteer of the Year by Washington, DC chapter of The American Immigration Lawyers Association. She also received the Pro Bono Champion Award at the 25th Anniversary of ProBar, where she was recognized for her service in providing direct representation to ProBar clients in detention and for her work as a trainer and mentor to ProBar staff and volunteers over many years. Special Counsel Jennifer Colyer was recognized by the Lawdragon 500 Leading Lawyers in America for directing the Firm’s pro bono program and her work in the areas of LGBT rights, immigration and criminal defense. Longtime Fried Frank attorney Robert Juceam was honored by CUNY Citizenship NOW!, the largest university-based citizenship and immigration law service provided in the nation. Mr. Juceam was recognized as a Champion for his continued work on behalf of immigrants.
Fried Frank litigation associates have the opportunity to extern at Her Justice as staff attorneys in its New York headquarters. Her Justice is dedicated to providing legal services to low-income women and victims of domestic violence and other crimes in the areas of matrimonial, family and immigration law. Participants can expect to garner significant litigation experience, including motion practice and trial practice, during the externship.
Fried Frank also offers two unique fellowship opportunities for select junior-level attorneys. Fellows spend two years working in Fried Frank’s litigation department followed by two years with either the NAACP Legal Defense or Education Fund, Inc. (LDF) or the Mexican-American Legal Defense and Educational Fund (MALDEF). Many of our fellows choose to return to Fried Frank after their fellowships, and several of our prior fellows can be found in high-level positions at LDF and MALDEF.
Fried Frank regularly makes secondment arrangements with clients whereby associates are assigned to work in-house with a Firm client for a fixed period of time, usually 6 to 12 months. This arrangement offers lawyers an extraordinary platform through which they can improve their legal skills, enhance their relationships with clients and gain a new perspective on legal practice. Fried Frank associates have been seconded to a variety of institutions ranging from premier investment banks to Fortune 100 companies.
Fried Frank firmly believes that the individual success of our attorneys is directly correlated to the overall success of the Firm. To advance this effort, the Firm maintains an administrative department dedicated to assisting and promoting our attorneys’ continued professional development through substantive training programs, maintenance of a comprehensive evaluation system, and general day-to-day legal practice support.
The Attorney Development department develops, implements and monitors the professional training programs and continuing legal education needs of the Firm’s attorneys. Training at Fried Frank consists of both Firmwide cross-departmental training programs focused on improving our attorneys’ general professional skills and department-specific training programs focusing on individual practice needs. We offer approximately 200 internal and external training programs each year.
The Fried Frank Partner Advisor Program is designed to provide a formal mentoring structure whereby partners can further provide the support and guidance associates need to maximize their potential. Participation in the Partner Advisor Program is open to all associates at the Firm. Shortly after starting at the firm, first year associates participate in partner-led mentoring circles and meet monthly to discuss chapters of books assigned by practice area.The Firm also offers an Associate Advisor Program designed to personalize the Fried Frank experience for new associates and provide continuing support.
Each Fried Frank office has a dedicated Associates Committee committed to enhancing associate life at the Firm. Associate Committee meetings are generally open to all associates and provide an opportunity for the leadership of the Firm to seek input from associates on key issues ranging from Firm events and initiatives to work environment and transparency.
Fried Frank offers a variety of activities and programs to associates – many of which have been initiated by Fried Frank lawyers themselves. A sampling of activities includes: Fried Frank “Fit Club,” sports teams (softball, basketball, football, yoga, tennis), a monthly “Jeans for Charity” fundraiser and yearly participation in the JPMorgan Corporate Challenge, Lawyers Have Heart and AIDS Walk.
A Firm of Inclusion
With an independent department dedicated exclusively to Firm diversity initiatives, Fried Frank is committed to ensuring the Firm is a place of inclusion where all attorneys can thrive and reach their full potential. Our Director of Attorney Development and Diversity leads our efforts to recommend strategies to prevent discrimination and other barriers to meaningful inclusion and integration of all attorneys and staff. He meets regularly with diverse attorneys to discuss career development strategies, and oversees and assesses the effectiveness of all Firm mentoring programs, diligently seeking to be aware of and address issues of concern to individual attorneys.
Fried Frank’s Diversity Committee provides a forum for identifying, discussing and prioritizing diversity issues, as well as for developing and supporting related proposals and initiatives. Several areas of focus include:
- Recruitment and Retention of diverse attorneys
- Recruitment for our Fellowship Program with the NAACP Legal Defense and Education Fund and Mexican American Legal Defense and Education Fund
- Business Development and Marketing
- Professional Development, Mentoring and Sponsorships
- Work/Life Balance
Diversity is a standard principle at Fried Frank. Support comes from the top—minorities and women are valuable leaders and decision-makers at the Firm. We support initiatives and affinity groups focused on attorneys of color, women attorneys and LGBT attorneys, including the Attorney of Color Affinity Group, the LGBT Affinity Group and the Women’s Forum. Fried Frank’s Washington, DC and New York offices also participate in the Sponsors for Educational Opportunity (SEO) career program, which places diverse students in law firms for summer internships prior to the students’ first year of law school. Our New York office also participates in the New York City Bar Association Diversity Fellowship Program, which places first-year law students from groups historically underrepresented in the legal profession in first-year summer associate positions with participating law firms and corporations.
We are proud of the public recognition of our inclusive culture. Fried Frank has been recognized for seven consecutive years by the Human Rights Campaign’s Corporate Equality Index, achieving a top rating of 100 percent in reflection of our policies and practices protecting LGBT employees from discrimination based on sexual orientation and gender identity or expression, diversity training, and health care and domestic partnership benefits.
Our diversity efforts extend beyond the Firm to the pipeline necessary to foster meaningful diversity in the legal profession. Through the Fried Frank Pre-Law Scholars Program, we partner with Hunter College to prepare pre-law focused college students of diverse backgrounds for the LSAT and a successful legal education. We also work with Just the Beginning Foundation to expose DC-area middle and high school students to the legal profession, and sponsor the Minority Law Research Institute, a two-week immersive program held at The Law Center at Southern University and A&M College, designed to motivate and expose minority high school students to consider careers in the field of law.