Fried, Frank, Harris, Shriver & Jacobson

{{Short description|International law firm headquartered in New York City}}

{{Infobox law firm

| name = Fried, Frank, Harris, Shriver & Jacobson LLP

| logo = Logo_of_Fried,_Frank,_Harris,_Shriver_and_Jacobson_LLP.png

| headquarters = 1 New York Plaza,
New York City

| num_offices = 5

| num_attorneys = 800{{cite news | url = https://www.friedfrank.com/about | title = "About Us" - Fried Frank website |format= Published at friedfrank.com |accessdate = May 17, 2024}}

| practice_areas = General Practice

| key_people = Kenneth I. Rosh, Chairman

Steven Epstein, Managing Partner

Scott B. Luftglass, Vice Chairman{{cite news | url = https://news.bloomberglaw.com/business-and-practice/by-the-numbers-11-big-law-firms-welcome-new-leaders-in-2024 | title = By the Numbers: 11 Big Law Firms Welcome New Leaders in 2024 |last = Tribe |first = Meghan| work = Bloomberg Law | date = December 29, 2024}}

| revenue = {{gain}} US$ $1 billion (2024){{cite news | url = https://www.law.com/americanlawyer/2024/03/22/fried-frank-crosses-1b-in-revenue-as-pep-soars-21-and-equity-tier-declines/ | title = Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines |last = Smith |first = Patrick| work = The American Lawyer|format= Published at law.com|date = March 22, 2024| accessdate = March 22, 2024}}

| date_founded = 1890s

| company_type = Limited liability partnership (LLP)

| homepage = {{url|friedfrank.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.{{cite web|url=https://www.friedfrank.com/index.cfm?pageID=2|title=Fried Frank > About Us|last=|first=|date=|website=Fried Frank|publisher=|archive-url=|archive-date=|access-date=}}

History

File:Fried Frank logo.jpg

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.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 {{Webarchive|url=https://web.archive.org/web/20080921105326/http://www.law.com/jsp/law/careercenter/lawArticleCareerCenter.jsp?id=1147696528718 |date=2008-09-21 }}. 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.{{cite web|url=https://www.wsj.com/articles/pressures-grow-on-foreign-law-firms-in-china-1422311243|title=Foreign Law Firms Face Pressure in China|first=Sara|last=Randazzo|date=26 January 2015|publisher=|via=www.wsj.com}}

In 2002, Fried Frank engaged in merger talks with Ashurst Morris Crisp,{{cite news | url = http://www.legalweek.com/legal-week/news/1182976/ashursts-fried-frank-transatlantic-merger-bid | title = Ashursts and Fried Frank in transatlantic merger bid |last = Tromans |first = Richard | work = Legal Week|format= Published online|date = May 16, 2002| accessdate = November 11, 2009}} which did not result in a transaction. Fried Frank later hired Ashurst's former managing partner, Justin Spendlove.{{cite news | url =

http://www.legalweek.com/legal-week/news/1169566/spendlove-quits-ashurst-fried-frank | title =

Spendlove quits Ashurst for Fried Frank |last = Collins |first = Antony | work = Legal Week|format= Published online|date = March 19, 2004| accessdate = November 11, 2009}}

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.{{cite web|url=https://www.friedfrank.com/siteFiles/News/AMLAW03172020443351Fried.pdf|title=Fried Frank Extends Growth Streak With Double-Digit Revenue, Profit Gains |last1=Newsham|first1=Jack|date=March 16, 2020|website=The American Lawyer|archive-url=|archive-date=|access-date=}}

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."{{cite news |last1=Sorkin |first1=Andrew Ross |last2=Mattu |first2=Ravi |last3=Warner |first3=Bernhard |last4=Kessler |first4=Sarah |last5=Merced |first5=Michael J. de la |last6=Hirsch |first6=Lauren |last7=Livni |first7=Ephrat |title=Law Firms Warn Universities About Antisemitism on Campus |url=https://www.nytimes.com/2023/11/02/business/dealbook/law-firms-schools-antisemitism.html |access-date=2 November 2023 |work=The New York Times |date=2 November 2023}}

Clients

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.{{cite web|title=Tishman Speyer Taps Fried, Frank to Lock up NYC Rail Yards Bid|url=https://amlawdaily.typepad.com/amlawdaily/2008/03/tishman-speyer.html}} 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.{{cite web|title=Bloomberg Law|url=https://news.bloomberglaw.com/business-and-practice/fried-frank-guides-goldman-sachs-on-9-7-billion-fund-close}}

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.{{cite web|url=https://www.justice.gov/usao-sdny/pr/united-states-attorney-announces-extradition-ftx-founder-samuel-bankman-fried-united|title=United States Attorney's Office for the Southern District of New York}}

Notable alumni

See also

References

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