Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP Company Profile

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

An Impressive Crew

Fried Frank traces its history to the turn of the twentieth century. Growing from its roots in New York City's German-Jewish business community, the firm went on to establish 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.

The firm has continued to bolster its ranks with industry leaders. Recent new partners include David Karnofsky, who served as general counsel to the New York City Department of City Planning from 1999 to 2014, joined the Firm in March. He brings deep experience and expertise in land use, zoning and real estate development to the Firm's practice, In May, leading leverage finance attorney Stewart A. Kagan joined the Firm as a partner in the Finance Practice.  Mr. Kagan represents corporations, private equity firms, hedge funds and other financial institutions with respect to debt financings and private equity transactions. His practice focuses on leveraged finance, including bank financings, high-yield debt offerings and bankruptcy-related transactions. 

The (in)Famous Boesky Case

Unlike many of its rivals in the post-WWII era, Fried Frank grew without the support of a few major legacy clients. Instead, the firm worked on a case-by-case basis, representing the likes of Getty Oil, General Electric, Morgan Stanley and Goldman Sachs. In the 1980s, the firm earned household-name status with its representation of Ivan Boesky-former Fried Frank partner Harvey Pitt was by Boesky's side as he pleaded guilty to the SEC's insider trading charges.

Adopting a Global Outlook

By the 1990s-following several periods of rapid growth-Fried Frank was advising nearly all of the major investment banking firms and broker-dealers. Fried Frank was also representing major accounting firms and insurance companies in securities regulation, compliance, and corporate governance matters-the firm was involved in nearly every high-profile securities enforcement matter-while also building a solid reputation for M&A business. International expansion was the final piece of the puzzle-in 1992, the firm partnered with a local office in Budapest to serve foreign investors in Eastern Europe. That location closed before the decade was over, but offices in London and Paris stayed open and grew. In 2004, Fried Frank opened its doors in Frankfurt, and it arrived in Hong Kong and Shanghai in 2006 and 2007, respectively.

IN THE NEWS

May 2014

Remaking the Health Care Industry
Fried Frank acted as counsel to Merck in its agreement to sell its consumer care business to Bayer AG for US$14.2 billion. Merck's consumer care business includes brands such as Coppertone® sunscreen, Dr. Scholl's® and Claritin® allergy medication. The deal follows an extensive auction process that reportedly drew interest from major global pharmaceutical and healthcare companies.

April 2014

A Delicious Deal
Fried Frank acted as counsel to MFI Holding Corporation, parent company of Michael Foods, Inc., in its US$2.45 billion sale to Post Holdings, Inc. from an investor group that includes affiliates of GS Capital Partners, affiliates of Thomas H. Lee Partners and other investors including current management. Post Holdings is a consumer packaged goods holding company operating in the center-of-the-store, active nutrition and private label food categories. The company's brands include Honey Bunches of Oats, Shredded Wheat, Raisin Bran, Grape-Nuts, Peace Cereal, Willamette Valley Granola Company, Supreme Protein and Joint Juice, among others. Michael Foods is a producer, marketer and distributor of food products to the retail, foodservice and food ingredient markets. Its principal products are specialty egg products, refrigerated potato products, cheese and other dairy products.

Who's Bad?
Bucking the trend of decisions broadly interpreting non-recourse carve out, or "bad boy," guaranties, Fried Frank secured a significant victory for real estate developer Richard Cohen. The matter involved an attempt by a lender to hold Mr. Cohen personally liable for US$110 million under a guaranty signed by him in connection with a non-recourse mortgage loan. The lender claimed that the guaranty was triggered because Mr. Cohen permitted various liens to encumber the property. Judge Deborah A. Batts of the Southern District of New York rejected the lender's interpretation of the "bad boy" guaranty, finding that the agreement was ambiguous and the extrinsic evidence supported the firm's client's position that the guaranty was not triggered by the liens, thus granting summary judgment to the firm's client.

March 2014

Leaders in LIBOR Litigation
Fried Frank obtained a significant victory for the Board of Directors of JPMorgan Chase & Co. In response to a shareholder demand, Fried Frank was retained by the Board's Audit Committee 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 at this time, the shareholder sued JPMorgan's directors in New York State Supreme Court and alleged that the directors were not sufficiently independent to properly consider the demand and that the directors' refusal to bring the litigation proposed in the demand was unreasonable. 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.

What's On Tonight?
Fried Frank represented Media General in its US$1.6 billion acquisition of LIN Media to create the second-largest pure-play television broadcasting company in the U.S. The combined company will own and operate or service 74 stations across 46 markets, reaching approximately 26.5 million households, or 23 percent of the nation's TV households.

January 2014

Breaking Ground NYC's Future
Fried Frank is advising Time Warner in connection with the US$1.3 billion sale of its office condo unit at Time Warner Center and in the development and purchase of a new headquarters at 30 Hudson Yards. Time Warner will sell 1.1-million-square-feet of office space at the Time Warner Center to a venture of Related Companies, an entity owned by the Abu Dhabi Investment Authority and GIC. Time Warner also made an initial financial commitment to relocate the company's corporate headquarters and its New York City-based employees to Hudson Yards, Related's development on the west side of Manhattan and the largest private real estate development in U.S. history. Time Warner expects to acquire more than 1 million square feet of the available commercial space in 30 Hudson Yards, an 80-story, 1,227-foot skyscraper designed by Kohn Pedersen Fox Associates.

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Fried, Frank, Harris, Shriver & Jacobson LLP


One New York Plaza
New York, NY 10004
Phone: (212) 859-8000
www.friedfrank.com

STATS


  • Employer Type: Private
  • Chair: David J. Greenwald
  • Hiring Partners: Michelle Gold (DC); David Hennes, Steven Steinman (New York)
  • Total No. Attorneys 2014: 462

  • Employment Contact

    New York, NY
    Nancy J. Parker
    Director of Attorney Recruitment
    Phone: (212) 859-8621
    Fax : (212) 859-4000
    E-mail: Nancy.Parker@friedfrank.com

    Washington, DC
    Megan Lesser
    Attorney Recruitment & Development Manager
    Phone: (202) 639-7389
    Fax: (202) 639-7003
    E-mail: Megan.Lesser@friedfrank.com


  • Base Salary

    New York, NY and Washington, DC
    1st year:  $160,000
    2nd year:  $170,000
    3rd year:  $185,000
    4th year:  $210,000
    5th year:  $230,000
    6th year:  $250,000
    7th year:  $265,000
    8th year:  $280,000
    Summer associate:  $3,100/week


  • Summer Associate Offers

    26 out of 26 (2013)


  • Major Departments & Practices

    Aerospace & Defense
    Antitrust & Competition
    Asset Management
    Bankruptcy & Restructuring
    Capital Markets
    Corporate
    Corporate Real Estate Transactions
    Energy and Energy Enforcement
    Executive Compensation & Employee Benefits
    Financial Services
    Financings
    Intellectual Property & Technology
    International Arbitration
    International Trade & Investment
    Litigation
    Mergers and Acquisitions
    Private Acquisitions & Private Equity
    Pro Bono
    Real Estate
    Securities Enforcement & Regulation
    Tax
    Trusts & Estates
    White Collar Criminal Defense

Major Office Locations

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