Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP Company Profile

Now more than 130 years old, Stroock & Stroock & Lavan is best known for its corporate department, which represents a wide array of financial institutions. The department's coverage encompasses energy and project finance, derivatives and commodities, and structured finance. 

Big Brother, Little Brother

Stroock began with a Platzek: New York University Law graduate M. Warley Platzek opened a practice in New York City in 1876. He was joined by Columbia Law grad Moses J. Stroock, and fellow NYU-er Paul M. Herzog. Much of the firm's early success stemmed from Stroock's connections among New York's political elite. A Tammany Hall insider, Stroock was eventually appointed to the state's Supreme Court. The firm's second Stroock, Sol M. Stroock, came on board in 1907; Sol was Moses' younger brother. By that point Platzek had left, so Stroock & Stroock it was.

Bourbon, Cigars and a Haitian Dictator

The Stroock brothers' ties to Manhattan's German-Jewish business community benefited their practice, but as the twentieth century continued, a variety of clients joined the fold. Stroock represented some of New York's wealthiest families, as well as clothing manufacturers and shipping companies. The firm also advised Wholesale Liquor Dealers of New York and the Kentucky Distillers and Warehouse Company (which lawyered up after Prohibition passed).

But it was cigars, not booze, that brought the bulk of Stroock's revenues in the 1920s. Its leading client was the United Cigar Stores Company; the relationship dissolved with UCSC's bankruptcy, but it helped gain Stroock additional work with tobacco clients, including Lucky Strike. Partner Peter Lavan joined the firm in the 1930s and helped grow its corporate and financial practices. The name Stroock & Stroock & Lavan was chosen in 1943.

In the 1980s, Stroock grew via a major merger with Olnick Boxer Blumberg Lane & Troy, a New York real estate firm that brought with it clients like Bear Stearns and Chemical Bank. It also gained international attention after being chosen by the government of Haiti to pursue national funds stolen by Jean-Claude Duvalier during his reign as president (the money was, of course, in a secret Swiss bank account).

Three is the Magic Number

With just over 300 attorneys, Stroock is based stateside, with locations in NYC, L.A., Miami and Washington, DC. In New York, Stroock attorneys mostly cater to financial institutions, while the L.A. contingent has garnered publicity for representing such Tinseltown engines as the money men behind recent works of director M. Night Shyamalan. Other notable names on the firm's client roster include SkyBridge Capital, American Express, the United States Tennis Association, UBS and JP Morgan.

While real estate, corporate finance and litigation are the firm's core strengths, recent years have brought a new focus on international business, technology and intellectual property practices.    

IN THE NEWS

May 2014

Insurance Pool Makes a Splash
Stroock participated as pro bono counsel in the launch of the first-ever African catastrophe insurance pool by African Risk Capacity (ARC), a specialized agency set up by the African Union, to help member states become more resilient to extreme weather events and to protect food-insecure populations.  The aim of the ARC catastrophe insurance pool is to reduce African governments' reliance on external emergency aid.

Liquid Gold
Stroock represented PBF Logistics LP in its initial public offering of 15,812,500 common units, representing limited partner interests, resulting in net proceeds of approximately $341 million.  PBF Logistics LP is a fee-based, growth-oriented, master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products, terminals, pipelines, storage facilities and similar logistics assets.

January 2014

Final Lap
Stroock represented Brock Fiduciary Services LLC, the independent fiduciary to the United Auto Workers Retiree Medical Benefits Trust (the VEBA), in the sale of the VEBA's remaining 41.5 percent minority interest in Chrysler Group LLC to Fiat S.p.A.  In consideration for the sale of its interests in Chrysler, the VEBA received at closing aggregate payments of $3.65 billion from Fiat and Chrysler.

December 2013

World's Largest Ice Sports Facility
Stroock represented KNIC Partners LLP in the redevelopment of Bronx, New York-based  Kingsbridge Armory into a world-class ice sports complex. KNIC Partners LLP was founded by banker/developer Kevin Parker and includes New York Rangers and Hall of Fame legend Mark Messier and 2002 Olympic figure-skating gold medallist Sarah Hughes as partners. The landmarked property will be transformed into the Kingsbridge National Ice Center, the world's largest indoor ice facility.  Besides securing all land use approvals and coordinating and negotiating lease and development agreements on behalf of KNIC, Stroock was involved in negotiating a landmark Community Benefits Agreement with the local community.

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Stroock & Stroock & Lavan LLP


180 Maiden Lane
New York, NY 10038-4982
Phone: (212) 806-5400
Fax: (212) 806-6006
www.stroock.com

STATS


  • Employer Type: Private
  • Managing Partners: Stuart H. Coleman, Alan M. Klinger
  • Hiring Partner: Claude G. Szyfer
  • Total No. Attorneys 2014: 300

  • Employment Contact

    Halle Schargel
    Director of Legal Personnel & Recruiting
    Phone: (212) 806-7070
    E-mail: hschargel@stroock.com

    Recruiting contacts for all locations in the Careers section of stroock.com.


  • Base Salary

    New York, NY
    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:  $3076.92/week


  • Summer Associate Offers

    27 out of 27 (2013)


  • Major Departments & Practices

    CFIUS
    Corporate
    Derivatives & Commodities
    Employee Benefits & Executive Compensation
    Employment Law
    Energy & Project Finance
    Entertainment
    Environmental Law
    Financial Restructuring
    Financial Services Litigation
    Government Relations
    Insurance
    Intellectual Property
    Investment Management
    Litigation
    Personal Client Services
    Private Funds
    Real Estate
    Structured Finance
    Tax

Major Office Locations

  • New York, NY (HQ)
  • Los Angeles, CA
  • Miami, FL
  • Washington, DC

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