2019 Vault Rankings
- Pro Bono#14
“Uneven distribution of work”
“Inconsistent expectations about working remotely”
“Unpredictability of work flow”
Fried, Frank, Harris, Shriver & Jacobson LLP advises many of the world’s leading corporations, investment funds, and financial institutions on their critical legal needs and business opportunities. Fried Frank is an international legal power that excels in corporate, litigation, real estate, and tax work by its approximately 500 lawyers in North America and Europe.
An Impressive Crew
Fried Frank traces its history to the turn of the 20th century when a group of German-Jewish lawyers began practicing in New York City in the 1890s, a time when most New York firms did not employ Jewish lawyers. 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 Washington, 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. Sam Harris worked for the SEC in its early days and served as a prosecutor of Nazi war criminals in the Nuremburg trials. Sargent Shriver was President John F. Kennedy’s brother-in-law and the Democratic nominee for Vice President in 1972, but he is probably best known for being the driving force behind the founding of the Peace Corps and serving as its first director.
The Modern Fried Frank
Building upon its reputation for strong work in practice areas such as securities regulation, mergers and acquisitions, and corporate governance, Fried Frank established itself as a preeminent financial firm by the end of the last century. The firm’s Mergers and Acquisitions Practice grew from handling five deals in 1975 to working on 87 a decade later, including representing GE in its merger with RCA and Texaco’s purchase of Getty Oil Co. The Mergers and Acquisitions Practice hasn’t slowed its pace either, advising on giant deals like BellSouth’s $85-billion merger with AT&T and Disney’s acquisition of 21st Century Fox.
While well-respected in both litigation and corporate work, Fried Frank today is probably most widely known for its top-notch Real Estate Practice. The firm has represented the likes of News Corp, Citigroup, and Ernst & Young in lease negotiations for each of their headquarters and advised on the sale of Sty Town and Peter Cooper Village in New York, the largest real estate transaction at the time. Fried Frank’s Real Estate Practice has left their mark on the local sports scene in the Big Apple too, working with the Yankees on the development of the new Yankee Stadium and the developers of Barclays Center, the home of both the NBA’s Brooklyn Nets and NHL’s New York Islanders.
IN THE NEWS
Fried Frank acted as counsel to Permira Funds in its definitive agreement to acquire Cisco's Service Provider Video Software Solutions (SPVSS) business for an undisclosed sum. The new company will encompass a broad portfolio, including Cisco's Infinite Video Platform, cloud digital video recording, video processing, video security, video middleware, and services groups. Cisco will retain the video and media technology related to its core business in networking, multi-cloud, security, data, and collaboration. Following the close of the transaction, the Permira Funds will create a new, rebranded company focused on developing and delivering video solutions for the Pay-TV industry.
Fried Frank acted as counsel to Humana Inc. as part of a consortium in its definitive agreement to acquire Curo Health Services for approximately US$1.4 billion, in which Humana will have a 40% minority interest. The consortium previously announced a pending transaction to acquire the Kindred at Home Division of Kindred Healthcare, Inc. The Curo transaction is not conditioned upon the closing of the consortium's separate acquisition of Kindred and is expected to occur after its closing. Upon these closings, the consortium intends to merge Curo with the hospice business of Kindred to create the country's largest hospice operator.
Fried Frank acted as counsel to JP Morgan Chase in connection with various aspects of its planned 2.5-million-square-foot headquarters redevelopment at 270 Park Avenue. This building will be the first major project under the City's Midtown East Rezoning Plan. Fried Frank advised JP Morgan in connection with zoning diligence for the redevelopment and negotiated a contract for the transfer of up to 668,000 square feet of development rights to the site. The Firm also advised JP Morgan in connection with leasing matters related to their redevelopment plans, including the lease of approximately 437,000 square feet at 390 Madison Avenue.
Fried Frank acted as counsel to Bain Capital Private Equity in connection with the formation of Bain Capital Fund XII, which closed with US$9.4 billion aggregate commitments, with approximately US$1.4 billion in employee contributions. The fund is Bain Capital's flagship buyout fund and will primarily pursue leveraged acquisitions of companies headquartered in North America.
On September 1, 2017, a Fried Frank litigation team secured a major victory for client William Tirrell, former Managing Director and Head of Regulatory Reporting at Bank of America and Chief Financial Officer at Merrill Lynch. The nearly four-year investigation and yearlong litigation following SEC findings that Tirrell “negligently caused” Merrill Lynch to underfund a customer reserve account concluded with a settled order on a “neither admit nor deny” basis and imposed no financial penalty, no suspension, and no bar.
Fried Frank acted as counsel to Emerald Exposition Events, an Onex portfolio company, in the initial public offering of an aggregate of 17,825,000 shares of its common stock by the company and certain Onex selling shareholders, including the full exercise of an overallotment option granted by the selling shareholders to purchase 2,325,000 shares of common stock, at a public offering price of US$17.00 per share.
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.
One New York Plaza
New York, NY 10004
Phone: (212) 859-8000
Employer Type: Private
Chair: David J. Greenwald
Recruiting Chairs: Adam Kaminsky (DC); Mark Hayek & Randi Lally (NY)
Total No. Attorneys 2018: 491
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
9th year: $350,000
Summer associate: $7,916.66/semi-monthly
67 out of 68 (2Ls only) (2018)
New York, NY (HQ)
Aerospace & Defense
Antitrust & Competition
Corporate Real Estate
Energy and Energy Enforcement
Executive Compensation & ERISA
Intellectual Property & Technology
International Trade & Investment
Mergers and Acquisitions
Restructuring and Insolvency
Securities Enforcement & Regulation
Trusts & Estates
White Collar Criminal Defense