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Fried, Frank, Harris, Shriver & Jacobson

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Fried, Frank, Harris, Shriver & Jacobson LLP
Headquarters1 New York Plaza,
New York City
No. of offices5
No. of attorneys800[1]
Major practice areasGeneral Practice
Key peopleKenneth I. Rosh, Chairman

Steven Epstein, Managing Partner

Scott B. Luftglass, Vice Chairman[2]
RevenueIncrease US$ $1 billion (2024)[3]
Date founded1890s
Company typeLimited liability partnership (LLP)
Websitefriedfrank.com

Fried, Frank, Harris, Shriver & Jacobson LLP (known as Fried Frank), is an international law firm headquartered in New York City. The firm also has offices in Washington, D.C., London, Frankfurt, and Brussels. It has more than 800 attorneys worldwide.[4]

History

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Former logo

Fried, Frank, Harris, Shriver & Jacobson trace its origins back to the turn of the twentieth century to Riegelman & Bach, Riegelman Hess & Strasser, and Strasser Spiegelberg Fried and Frank, which were predecessor firms. The firms were started by German Jewish attorneys.[5] In 1971, the firm took its current form with name partners Walter Fried, Hans Frank, Sam Harris, Sargent Shriver and Leslie Jacobson.

Fried Frank has five offices. It opened a Washington, D.C. office in 1949. Fried Frank also opened a Los Angeles office in 1986, but closed it in 2005. In 1970, Fried Frank opened a London office. A Paris satellite office followed in 1993 and has since closed. It opened in Frankfurt in 2004. In December 2006, the firm opened its Hong Kong office, recruiting the greater China managing partner of Simmons & Simmons and other key partners. The firm officially launched a Shanghai office in October 2007. In January 2015, Fried Frank announced it was closing its offices in Hong Kong and Shanghai, effectively pulling the plug on its Asian operations.[6]

In 2002, Fried Frank engaged in merger talks with Ashurst Morris Crisp,[7] which did not result in a transaction. Fried Frank later hired Ashurst's former managing partner, Justin Spendlove.[8]

As of the fiscal year ended February 2020, the firm had a gross revenue of $776 million, up from $684.8 million the year before. Revenue per lawyer rose 8.2 percent, to $1.442 million, while its profits per partner jumped 16 percent, to $3.79 million.[9]

In November 2023, amid a wave of antisemitic incidents at elite U.S. law schools, Fried, Frank, Harris, Shriver & Jacobson was one of a group of major law firms that sent a letter to top law school deans warning them that an escalation in incidents targeting Jewish students would have corporate hiring consequences. The letter said, "We look to you to ensure your students who hope to join our firms after graduation are prepared to be an active part of workplace communities that have zero tolerance policies for any form of discrimination or harassment, much less the kind that has been taking place on some law school campuses."[10]

Clients

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In 2005, Fried Frank represented Tishman Speyer in its $1.7 billion acquisition of the MetLife Building at 200 Park Avenue in New York City. At the time, the deal set a record for the highest sale price of an office building in the United States.[11] In September 2022, Fried Frank advised Goldman Sachs on the formation of its flagship corporate buyout fund, which closed with total commitments of $9.7 billion, making it Goldman's largest private equity fund since 2007.[12]

In 2022, former FTX CTO Gary Wang hired Fried Frank to represent him in the federal probe into the cryptocurrency exchange FTX's collapse, in which Wang entered into a plea deal with the Office of the US Attorney for the Southern District of New York.[13]

Notable alumni

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See also

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References

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  1. ^ ""About Us" - Fried Frank website" (Published at friedfrank.com). Retrieved May 17, 2024.
  2. ^ Tribe, Meghan (December 29, 2024). "By the Numbers: 11 Big Law Firms Welcome New Leaders in 2024". Bloomberg Law.
  3. ^ Smith, Patrick (March 22, 2024). "Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines" (Published at law.com). The American Lawyer. Retrieved March 22, 2024.
  4. ^ "Fried Frank > About Us". Fried Frank.
  5. ^ Anthony Lin, 'Can the 'Jewish Law Firm' Success Story Be Duplicated?,' New York Law Journal, May 16, 2006. http://www.law.com/jsp/law/careercenter/lawArticleCareerCenter.jsp?id=1147696528718 Archived 2008-09-21 at the Wayback Machine.
  6. ^ Randazzo, Sara (26 January 2015). "Foreign Law Firms Face Pressure in China" – via www.wsj.com.
  7. ^ Tromans, Richard (May 16, 2002). "Ashursts and Fried Frank in transatlantic merger bid" (Published online). Legal Week. Retrieved November 11, 2009.
  8. ^ Collins, Antony (March 19, 2004). "Spendlove quits Ashurst for Fried Frank" (Published online). Legal Week. Retrieved November 11, 2009.
  9. ^ Newsham, Jack (March 16, 2020). "Fried Frank Extends Growth Streak With Double-Digit Revenue, Profit Gains" (PDF). The American Lawyer.
  10. ^ Sorkin, Andrew Ross; Mattu, Ravi; Warner, Bernhard; Kessler, Sarah; Merced, Michael J. de la; Hirsch, Lauren; Livni, Ephrat (2 November 2023). "Law Firms Warn Universities About Antisemitism on Campus". The New York Times. Retrieved 2 November 2023.
  11. ^ "Tishman Speyer Taps Fried, Frank to Lock up NYC Rail Yards Bid".
  12. ^ "Bloomberg Law".
  13. ^ "United States Attorney's Office for the Southern District of New York".
  14. ^ "Meet Trump's Israel adviser". timesofisrael.com.
  15. ^ Barber, C. Ryan (March 22, 2019). "Audrey Strauss, Long Steeped in White-Collar Enforcement, Takes Over as SDNY's No. 2". New York Law Journal. Retrieved March 26, 2019.
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