Fried, Frank, Harris, Shriver & Jacobson

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Fried, Frank, Harris, Shriver & Jacobson LLP
Fried, Frank, Harris, Shriver & Jacobson
Headquarters1 New York Plaza
New York City
No. of offices4
No. of attorneys514[1]
Major practice areasGeneral practice
Key peopleDavid Greenwald, chair[2]
RevenueIncrease US$ $684 Million (2019)[3]
Date founded1890s
Company typeLimited liability partnership
Websitewww.friedfrank.com

Fried, Frank, Harris, Shriver & Jacobson LLP is an international law firm with offices in New York City, Washington, DC, London, and Frankfurt. The firm was founded in New York City and currently employs more than 500 attorneys worldwide.[4] Fried Frank is consistently ranked as one of the most prestigious law firms in the world.[5]

History[edit]

Former logo

Fried, Frank, Harris, Shriver & Jacobson traces its origins back nearly a century to the predecessor firms Riegelman & Bach, Riegelman Hess & Strasser and Strasser Spiegelberg Fried and Frank. These firms were founded by German Jewish attorneys.[6] 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 four offices. Domestically, 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 becoming one of the first U.S. law firms to establish a European presence. 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, raiding the Hong Kong and Shanghai offices of the London based international firm Simmons & Simmons, and recruiting their greater China managing partner, Huen Wong and other key partners. The firm officially launched an office in Shanghai 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 Asia practice[7].

Efforts to merge with an established UK law firm have been unsuccessful. In 2002, Fried Frank engaged in extensive talks with UK giant Ashurst Morris Crisp,[8] but talks fell apart. Fried Frank in 2004 hired Ashurst's former managing partner, Justin Spendlove.[9]

In March 2009, Fried Frank announced it was laying off 41 associates and 58 staff members.[10]

After posting its best-ever financial year in 2016, Fried, Frank, Harris, Shriver & Jacobson enjoyed another record-breaking performance in subsequent years. In its fifth consecutive year of growth in several key financial metrics, the firm saw gross revenue rise 7.9 percent in 2019, to $684.8 million, up from $634.9 million the year before. Revenue per lawyer rose 3.1 percent, to $1.33 million, while its profits per partner jumped 11.1 percent, to $3.26 million, double what it was five years earlier. [11]

Practice[edit]

From January 1, 2002 through the second quarter of 2006, the firm represented clients in over 410 public merger and acquisition and private equity transactions with a combined value of over $1 trillion. The New York office has practices in public M&A and private equity; domestic and international capital markets and complex financings; asset management; corporate governance; securities regulation, compliance and enforcement; corporate reorganization, bankruptcy and debt restructuring; antitrust; intellectual property and technology; securities and shareholder litigation; white-collar crime; commercial litigation; real estate; benefits and compensation; tax; and trusts and estates.

The Washington office focuses on securities litigation and investigations, but also handles corporate law, tax, intellectual property and technology, commercial litigation, government contracts, arbitration and alternative dispute resolution, and white-collar crime.

Fried Frank's real estate practice is predominant in New York City, and the firm handles many of the largest transactions involving commercial office space.

Representative clients[edit]

Pro bono[edit]

Fried Frank has been listed as one of the top twenty firms in the United States for pro bono by The American Lawyer. The firm has worked on behalf of such organizations as the American Immigration Lawyers Association, the Children’s Defense Fund, the Lawyers Committee for Human Rights, Volunteer Lawyers for the Arts, the Legal Aid Society, Legal Counsel for the Elderly, the Mexican American Legal Defense and Educational Fund, the NAACP Legal Defense and Educational Fund, the National Law Center on Homelessness and Poverty, the Southern Poverty Law Center, the MINDS Foundation and the Veterans Pro Bono Consortium.[12]

Notable alumni[edit]

References[edit]

  1. ^ Tribe, Meghan (March 21, 2019). "Fried Frank Keeps Up Growth, Doubling Partner Profits Over Five-Year Span" (Published at law.com). The American Lawyer. Retrieved March 26, 2019.
  2. ^ Smith, Jennifer (July 24, 2013). "Fried Frank Picks Goldman Sachs Lawyer To Lead Firm". The Wall Street Journal Law Blog.
  3. ^ Tribe, Meghan (March 21, 2019). "Fried Frank Keeps Up Growth, Doubling Partner Profits Over Five-Year Span" (Published at law.com). The American Lawyer. Retrieved March 26, 2019.
  4. ^ "Fried Frank > Attorneys".
  5. ^ "Best companies to work for - Vault Law 100". Vault.com.
  6. ^ 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.
  7. ^ https://www.wsj.com/articles/pressures-grow-on-foreign-law-firms-in-china-1422311243
  8. ^ Tromans, Richard (May 16, 2002). "Ashursts and Fried Frank in transatlantic merger bid" (Published online). Legal Week. Retrieved November 11, 2009.
  9. ^ Collins, Antony (March 19, 2004). "Spendlove quits Ashurst for Fried Frank" (Published online). Legal Week. Retrieved November 11, 2009.
  10. ^ Lowe, Zach (March 30, 2009). "Fried, Frank Lays Off 41 Associates, 58 Staffers" (Published by The American Lawyer). The Am Law Daily. Retrieved November 11, 2009.
  11. ^ March 21, Meghan Tribe; PM, 2019 at 01:48. "Fried Frank Keeps Up Growth, Doubling Partner Profits Over Five-Year Span". The American Lawyer.
  12. ^ "Fried Frank > Pro Bono Publico".
  13. ^ "Meet Trump's Israel adviser". timesofisrael.com.
  14. ^ 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.

External links[edit]