Coronavirus Update: Our team is here to help our clients and readers navigate these difficult times. Visit our Resources page now »

Skip to Main Content

At a Glance


“The compensation.”

“Good people.”

“Responsibility and independence.”



“Lack of transparency and opportunity for promotion.”

“Some difficult personalities to deal with.”

About Schulte Roth & Zabel LLP

Among the New York elite, Schulte Roth & Zabel LLP has defined itself as the go-to firm for hedge funds and their ilk. While this practice focus translates into double-digit profits and aggressive growth during boom years, the firm has grown organically over the years.

Hedging Their Niche

SRZ was founded in 1969 by a group of young BigLaw associates—most from Cleary and Fried Frank—who wanted to escape the traditional BigLaw model. The firm found its place by working in areas that were mostly ignored by the big firms, like trusts and estates and the burgeoning field of hedge fund law, and soon was attracting clients like the Rockefeller and Lehman families. Bill Zabel—who had written the winning brief in landmark Supreme Court case Loving v. Virginia on behalf of the ACLU—focused on estate and tax planning and is still the head of the firm’s Individual Client Services Group today.

Financial Services Focus

Schulte Roth & Zabel today primarily advises clients in the financial services industry, with a particular emphasis on representing investment management firms. Relatively narrow in practice scope by BigLaw standards, SRZ trains its focus on investment management, corporate and transactional matters, and securities litigation—most notably—providing a one-stop shop for all the legal needs of hedge and private equity funds (of which it has counted hundreds as clients over the years). The firm has also enjoyed quite a bit of success in its regulatory and compliance, shareholder activism, and litigation practice areas. But make no mistake—the corporate and securities work still drives the firm, which is evident from the many investment banks, hedge and private equity funds, banks, broker-dealers, investment advisers, venture capitalists, and pension funds the firm counts among its clients.

SRZ represents a high percentage of the brand names of the fund industry, including private equity firm Cerberus—a client since 1990—and investment firms like Blackstone and Centerbridge. Both SRZ’s New York headquarters and its London office have been recognized for their investment management work. The U.K. office came to be largely due to a sharp uptick in European hedge fund activity, and more recently, the DC office was established to provide litigation and securities regulatory capability.

They’re Listening

Schulte respects its associates’ opinions and it shows it in a big way—the Associate Committee holds a “listening tour” each year through which committee members speak with each associate in the firm to understand the broad needs of the firm’s talent. The firm also created a new mentoring program—as a result of associate feedback—which allows associates and special counsel to select a network of mentors and a budget for mentoring activities.

News & Awards



SRZ is renowned for its market-leading funds group representing over half of the world’s 100 largest hedge funds and thousands of investment funds globally. With a deep bench, SRZ has market-leading expertise in all alternative strategies, including credit, activist, digital assets, long/short equity, PE, LBO, distressed, global macro, litigation finance, real estate, venture and event-driven/special situations. SRZ also has a large team of regulatory, compliance and enforcement lawyers with a great depth of practice. The firm advised on numerous multibillion-dollar fund launches.


SRZ’s Litigation group continued to advise on headline-making matters. SRZ advised ParagonCoin in a trailblazing settlement with the SEC that effectively put an end to the uncertainties of the legal status of cryptocurrencies. This matter is widely regarded as the leading resolution in this area. In another example, SRZ successfully represented National Bank of Canada and various of its Canadian and U.S. subsidiaries in a major litigation relating to the alleged manipulation of a benchmark rate. SRZ also handled prominent litigation finance deals and insider trading matters.


SRZ regularly advises on industry-leading deals. For example, SRZ advised Veritas Capital and its affiliates on: Veritas’ acquisition of athenahealth Inc. for approximately $5.7 billion in cash and the acquisition of the U.S. public sector business of PricewaterhouseCoopers. SRZ served as lead counsel to Trian Fund Management when Nelson Peltz was successfully elected to the board of P&G, the largest company to ever face a proxy contest. Just some of the recognition the firm has received for its deal work includes being awarded “Deal of the Year” by America’s M&A Atlas Awards, ACG New York Champion’s Awards, International M&A Advisor Awards, and M&A Atlas Awards: Global Major Markets and Middle Markets. SRZ was named “Activist Adviser of the Year” by The Deal European Awards.

  • SRZ advised Starboard Value in its $200-million strategic investment in Papa John’s.
  • SRZ advised Veritas Capital and its affiliates on Veritas’ acquisition of athenahealth Inc., a provider of network-enabled services for hospital and ambulatory customers nationwide, for approximately $5.7 billion in cash.
  • SRZ is representing Transfast and GCP Capital Partners in the acquisition of Transfast by Mastercard.
  • SRZ represented Cerberus Capital Management in raising $4.1 billion for the private investment firm’s first global fund dedicated to non-performing loans. Known as the Cerberus Global NPL Fund, the fund will pursue investment opportunities in the multitrillion-dollar NPL market in Europe, China, India, Brazil, and other regions. Together with related accounts, Cerberus raised $5.1 billion for the global NPL strategy.
  • “Private Equity Deal of the Year” and “Activist Campaign of the Year,” The Deal Awards - 2019
  • “M&A Deal of the Year ($500MM - $1B),” 17th Annual M&A Advisor Awards - 2018
  • “Deal of the Year – Business Services,” 8th Annual ACG New York Champions Awards - 2018
  • “Cross-Border Deal of the Year ($100MM - $250MM)” and “Private Equity Deal of the Year ($100MM - $250MM),” 10th Annual International M&A Advisor Awards - 2018

Why Work Here

Schulte Roth & Zabel LLP

919 Third Avenue
New York, NY 10022
Phone: (212) 756-2000

Firm Stats

Executive Committee Chair: Alan S. Waldenberg
Co-Managing Partners: David J. Efron & Marc E. Elovitz
Hiring Partners: William H. Gussman, Taleah E. Jennings, and Jason S. Kaplan
Total No. Attorneys 2019:
250 - 500

Base Salary

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: $3,654/week

Summer Program

Summer Associate Offers:
53 out of 54 (2Ls) (2019)

No. of Summer Associates:
54 total (All 2Ls) (2019)

Employment Contact

Alissa K. Golden
Director of Professional Development and Recruiting
(212) 610-7185
Elise Benvenuto
Legal Recruiting Manager
(212) 610-7068

Major Office Locations

New York, NY (HQ)
Washington, DC

Major Departments

Bank Regulatory
Blockchain Technology & Digital Assets
Broker-Dealer Regulatory & Enforcement
Business Reorganization
Distressed Investing
Employment & Employee Benefits
Hedge Funds
Individual Client Services
Intellectual Property, Sourcing & Technology
Investment Management
Litigation Finance
M&A and Securities
Private Equity
Regulatory & Compliance
Shareholder Activism
Structured Finance & Derivatives
White Collar Defense & Government Investigations
*See firm website for complete list of practice areas and industries.