Fried, Frank, Harris, Shriver & Jacobson LLP at a Glance

Uppers

  • “Culture”
  • “Challenging work”
  • “Client contact”

Downers

  • “Hours can get long”
  • “Work is extremely unpredictable”
  • “Assigning system could be improved”

About Fried, Frank, Harris, Shriver & Jacobson LLP

With approximately 450 attorneys, Fried Frank is hardly a behemoth, but the firm remains an international legal power that excels in corporate, litigation, real estate and tax work.

An Impressive Crew

Fried Frank traces its history to the turn of the twentieth century when a group of German-Jewish lawyers began practicing in New York City in the 1890s. In 1929 Walter J. Fried (pronounced "Freed") joined the firm as an associate who focused on real estate law. Fried practiced with the firm until his retirement in 1979. In the 1950s Fried was a pioneer in the movement to convert rental apartment buildings into co-ops owned by the residents. In 1943 Hans J. Frank joined the firm as an expert in international taxation. Frank had left Germany when Hitler's laws forbidding Jews to practice law had been enacted.

Growing from its roots in New York City's German-Jewish business community, the firm established itself in the nation's capital, opening a DC office in 1949. By 1971, name partners Walter Fried, Hans J. Frank, Sam Harris, Sargent Shriver, and Leslie Jacobson were all on the masthead. The partners had uniformly impressive resumes-with expertise ranging from tax to real estate to securities-and brought a dedication to civic causes. Sargent Shriver, for instance, is known for serving as the first director of the Peace Corps under President John F. Kennedy (who was his brother-in-law).

The Modern Fried Frank

Fried Frank is the go-to firm for a wide variety of clients and their most complex and challenging matters. With a geographic focus on the U.S. and Europe, Fried Frank has premier practices in the areas of private equity, asset management, real estate, leveraged finance, and capital markets. The addition of lateral partners in these key areas remains an ongoing strategic priority. Litigation is an important growth opportunity for the firm, with James ("Jamie") Wareham having joined in 2015 as head of the department. There is also a continued effort to add talent in key practice areas to the London office under the leadership of Mark Mifsud who became managing partner of the London office in 2017.

IN THE NEWS

May 2017
Coach to Acquire Kate Space & Company

Fried Frank acted as counsel to Coach in its definitive agreement to acquire Kate Spade & Company. Under the terms of the agreement, Kate Spade shareholders will receive US$18.50 per share in cash for a total transaction value of US$2.4 billion. This combination will allow Coach and Kate Spade & Company to create a leading luxury lifestyle company with a diverse multi-brand portfolio supported by significant expertise in handbag design, merchandising, supply chain and retail operations as well as solid financial acumen.

September 28, 2016
Penn Station Revamp

Fried Frank is counsel to Related Companies, Vornado Realty Trust and Skanska USA in the redevelopment of the James A. Farley post office building into a new train hall as part of the revitalization of Penn Station. The group was designated by the State of New York for the project, which is expected to cost nearly US$1.6 billion. The final project will include 112,000 square feet of retail and 588,000 square feet of office space and the construction of Moynihan Train Hall as a new 255,000 square foot train hub for Amtrak and the Long Island Rail Road.

November 10, 2016
Brookfield Asset Management and Macy's Form Strategic Alliance

Fried Frank acted as counsel to Brookfield Asset Management in its alliance with Macy's to develop and/or redevelop a portion of Macy's portfolio. The alliance gives Brookfield the exclusive right for up to 24 months to create a "pre-development plan" for approximately 50 of Macy's real estate assets, with an option for Macy's to continue to identify and add assets into the alliance. The assets include owned and ground leased stores, associated land and the opportunity to expand and redevelop existing stores.

June 20, 2016
Aerie Pharmaceuticals

Fried Frank represented Aerie Pharmaceuticals in a motion to dismiss a class action securities fraud lawsuit filed in the US District Court for the District of New Jersey. The complaint alleged that Aerie Pharmaceuticals and certain of its directors and most senior executives made materially false and misleading statements and omitted material information related to the outcome of Aerie's Phase 3 clinical trial for its lead product candidate Rhopressa™. On June 20, 2016, the Court dismissed the suit in its entirety.

December 2016
Athene IPO

Fried Frank acted as counsel to the underwriters in Athene Holding's US$1.242 billion initial public offering of 31,500,000 shares of common stock. This was one of the top three IPOs in 2016, by size, and the Fried Frank team received IFLR's 2017 Equity Deal of the Year award for its work on the offering. The firm also acted as underwriters counsel for Athene Holding's secondary follow-on offering of 27,500,000 shares of its common stock for an aggregate total amount of over US$1.3 billion.

December 2016
Permira VI Fund

Fried Frank advised Permira, a longstanding client of the firm, in the raising of its latest flagship buyout fund, Permira VI. The fund reached its final close in December 2016 at €7.5 billion. Permira VI will invest in mid to large cap buyouts with exposure to faster-growing international markets and sub-sectors. The fund focuses on market-leading businesses with strong growth potential across diversified industries and geographies. Permira is a European-focused private equity firm that, since 1985, has made more than 200 private equity investments. The fundraising for Permira VI includes several anchor investors (including legacy investors from prior Permira funds). 

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Fried, Frank, Harris, Shriver & Jacobson LLP

One New York Plaza
New York, NY 10004
Phone: (212) 859-8000

Stats

  • Employer Type: Private
  • Chair: David J. Greenwald
  • Recruiting Chairs: Jon DeFosse, Michelle Gold (DC), Mark Hayek, Randi Lally, Steven Steinman (NY)
  • Total No. Attorneys 2017: 440

  • Base Salary
    New York, NY; Washington, DC
    1st year: $180,000
    2nd year: $190,000
    3rd year: $210,000
    4th year: $235,000
    5th year: $260,000
    6th year: $280,000
    7th year: $300,000
    8th year: $315,000
    9th year: $325,000
    Summer associate: $7,500 semi-monthly

  • Summer Associate Offers
    69 out of 69 (2Ls only) (2016)

  • Major Departments & Practices

    Aerospace & Defense • Antitrust & Competition • Asset Management • Capital Markets  • Corporate • Corporate Real Estate  • Derivatives • Energy and Energy Enforcement • Executive Compensation & ERISA• Financial Services • Finance  • Government Contracts • Intellectual Property & Technology • International Arbitration • International Trade & Investment • Litigation • Mergers and Acquisitions  • Private Equity • Pro Bono • Real Estate • Restructuring and Insolvency • Securities Enforcement & Regulation • Tax • Trusts & Estates • White Collar Criminal Defense

Major Office Locations

  • New York, NY (HQ) • Washington, DC London • Frankfurt • Paris