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Fried, Frank, Harris, Shriver & Jacobson LLP

ONE NEW YORK PLAZA, NEW YORK, NY 10004, USA
Tel:
Work +1 212 859 8000
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Fax +1 212 859 4000
Email:
Web:
www.friedfrank.com
Frankfurt, London, New York, Paris, Washington DC

United States

Real estate
Real estate - ranked: tier 1

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP’s ‘dominant’ New York offering is led by industry standout Jonathan Mechanic, who has a ‘powerful practice’ representing clients such as Citigroup and Coach. Mechanic, along with Tal Golomb, Melanie Meyers and Robert Sorin, continued to advise the Related Companies on many aspects of the development at Hudson Yards; the team also represented tenants in relation to the major redevelopment project and, in one example, counsel Stephen Lefkowitz acted for Time Warner in the $1.5bn development and purchase of a new headquarters at 30 Hudson Yards. Another name to note on the dirt side is Joshua Mermelstein, whose impressive caseload included acting for Brookfield Asset Management on the $1.03bn purchase of over 120 self-storage facilities in 16 states as well as Puerto Rico. The ‘incredibly strong’ debt finance group includes the ‘energetic and creativeMichael Barker, who handled a range of construction loan and mortgage loan financings for various investment fund lenders, including Children’s Investment Fund and Blackstone Group. In addition to the New York office, where all attorneys named thus far are based, the practice has a ‘small but strong’ office in Washington DC led by Franz Rassman. Rassman, along with Sorin and Golomb, assisted Tishman Speyer with the $270m redevelopment of Macy’s Downtown Brooklyn store.

Leading lawyers

Jonathan Mechanic - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: Antitrust

Merger control
Merger control - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP provides ‘timely and astute advice’ on high-value transactions involving complex antitrust issues. Antitrust chair Bernard Nigro, who splits his time between Washington DC and New York, acted as antitrust counsel to Media General in its recently completed $4.6bn merger with Nexstar. In another highlight, recently promoted New York-based partner Nathaniel Asker advised Permira on antitrust issues associated with its $2.6bn sale of Ancestry.com to Silver Lake and GIC. Washington DC’s Richard Park is another key contact in the group. Other clients include Boulder Brands, Genesys and Goldman Sachs.

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

Great firmFried, Frank, Harris, Shriver & Jacobson LLP delivers ‘truly stunning response times’. James Wareham in Washington DC and Steven Witzel in New York are respective chairs of the global litigation department and global white-collar criminal defense practices. Wareham assisted former Fannie Mae CEO Daniel Mudd with the settlement of a long-running enforcement action. Together with the ‘exceptionalLawrence Gerschwer, Witzel represented the managing director of BofA Merrill Lynch in an SEC investigation. Stephen Juris is also a key member of the team. He and Gerschwer are based in the New York office, where they were joined by former Davis Polk & Wardwell LLP attorney Scott Luftglass in February 2016. Other clients include KPMG, Deutsche Bank, Wells Fargo and the US Virgin Islands Attorney General.

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Financial services: litigation
Financial services: litigation - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

At Fried, Frank, Harris, Shriver & Jacobson LLP, Peter Simmons is regularly involved in financial services-related litigation as part of his broad-ranging commercial disputes practice and is currently defending Vanderbilt Capital Advisors in litigation brought on behalf of a state pension fund to recover investment losses in the wake of the collapse of the market for structured products. Simmons is also defending Deutsche Bank and its affiliates in cases brought by, and on behalf of, a state pension fund claiming losses resulting from ‘pay-to-play’ political corruption by state officials and the bank’s minority ownership of a company whose founding partners allegedly paid kickbacks for investment referrals. Washington DC-based partner James Wareham successfully settled a long-running enforcement action brought by the SEC against the former CEO of Fannie Mae. Steven Witzel, Evan Barr and Lawrence Gerschwer are recommended for white-collar matters.

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General commercial disputes
General commercial disputes - ranked: tier 5

Fried, Frank, Harris, Shriver & Jacobson LLP

James Wareham’s ‘smart, thoughtful and super responsive’ team at Fried, Frank, Harris, Shriver & Jacobson LLP was bolstered by the arrival of Scott Luftglass from Davis Polk & Wardwell LLP. Real estate litigation is a mainstay, where recommended partner Janice Mac Avoy is a key figure. Lisa Bebchick successfully defended Pier 55 in the New York State Supreme Court in an Article 78 proceeding brought by the City Club of New York.

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International arbitration
International arbitration - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

The ‘innovative’ and ‘business-minded’ team at Fried, Frank, Harris, Shriver & Jacobson LLP delivers ‘a client-focused’ service. Highlights included acting for Total in ICSID arbitration proceedings with the Republic of Uganda relating to petroleum investments made by the oil major in the country. Cerner UK, Dassault Aviation, Northrop Grumman Corporation and Prufrock Management are other clients. Joseph LoBue, who is ‘very capable, especially with technical issues’, is the key contact in Washington DC. Former department head Elliot Polebaum retired in March 2017.

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Securities litigation: defense
Securities litigation: defense - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP has a strong track record in high-stakes litigation and the firm continued to build its team in 2016 with the hire of Scott Luftglass from Davis Polk & Wardwell LLP. James Wareham in Washington DC is global chair of the litigation department and alongside New York-based Israel David he obtained a notable victory for Aerie Pharmaceuticals in a 10b-5 case that alleged the company made false and misleading statements relating to candidate drug Rhopressa. Wareham and James Anklam, who is also based in Washington DC, are representing Perrigo Company in a case alleging that its former CEO failed to disclose problems with the integration of Omega Pharma Invest. In the New York office, William McGuinness and Stephen Juris are counsel to the underwriters, including Goldman Sachs and Deutsche Bank Securities, in matters relating to MaxPoint Interactive’s IPO.

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United States: Finance

Capital markets: debt offerings
Capital markets: debt offerings - advice to issuers - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

Capital markets: debt offerings - advice to underwriters - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Responsive, client-focused and highly professional’, Fried, Frank, Harris, Shriver & Jacobson LLP’s ‘high-caliber practice’ stands out for its ‘deep dedication to achieving client aims’. Department co-head and ‘very strong lawyerDaniel Bursky paired up with Mark Hayek to advise Under Armour on its $600m offering of senior notes. Bursky also acted with Andrew Barkan to assist the underwriters with multiple offerings of investment grade notes by Procter & Gamble including two offerings worth $1.7bn and $1.2bn respectively. Stuart Gelfond jointly heads the New York-based group and led the firm’s advice to Novelis, as co-counsel alongside Torys and King & Spalding LLP, in two offerings of senior notes totaling $2.6bn. Other clients include Aerie Pharmaceuticals, Extended Stay and Perrigo.

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Capital markets: equity offerings
Capital markets: equity offerings - advice to issuers - ranked: tier 2

Fried, Frank, Harris, Shriver & Jacobson LLP

Capital markets: equity offerings - advice to underwriters - ranked: tier 2

Fried, Frank, Harris, Shriver & Jacobson LLP

In a significant coup, Fried, Frank, Harris, Shriver & Jacobson LLP’s growing equity practice won a lead role on the third-largest IPO in the US during 2016; a team led by capital markets co-head Daniel Bursky and up-and-coming partner Mark Hayek advised the underwriters on Athene Holding’s $1.2bn IPO. Among its company-side highlights, Andrew Barkan advised the issuer on At Home’s $130m IPO and GMS’ $147m IPO. Stuart Gelfond jointly leads the New York-based department and brings to bear a strong record in private equity matters; he advised Extended Stay America and ESH Hospitality, as issuers, and Centerbridge Partners, Paulson & Co and Blackstone, as selling stockholders, on a series of share deals, including a $258.7m secondary offering of paired shares.

Next generation lawyers

Mark Hayek - Fried, Frank, Harris, Shriver & Jacobson LLP

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Capital markets: global offerings
Capital markets: global offerings - advice to issuers - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

Capital markets: global offerings - advice to underwriters - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP’s six-partner team is led by Daniel Bursky and Stuart Gelfond in New York. The firm serves as designated underwriter’s counsel for an impressive range of companies, including Procter & Gamble, Invesco, and Athene Holdings, which it is advising on its proposed upcoming IPO. Joshua Wechsler has a strong track record acting for Latin American clients, and part of a team assisting Grupo Televisa, one of Mexico’s largest corporate issuers, with its $1.2bn offering of senior investment grade notes. Another major highlight for the firm was advising Merck & Co on a €1bn bond offering. Other key partners include Andrew Barkan, Mark Hayek and Joshua Coleman.

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Capital markets: high-yield debt offerings
Capital markets: high-yield debt offerings - advice to issuers - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Capital markets: high-yield debt offerings - advice to underwriters - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP’s work highlights display an impressive balance of issuer and manager-side mandates, and it routinely acts across a broad range of industries for corporate issuers, private equity sponsors and all the major underwriters. Lawyers at the firm have ‘strong market knowledge’ and ‘high-level business understanding’; for example, capital markets co-head Stuart Gelfond is an ‘expert in high-yield debt matters’ and acted for Novelis, as co-counsel alongside Torys and King & Spalding LLP, in two senior notes offerings totaling $2.6bn. Gelfond also advised ESH Hospitality on its $800m add-on offering of high-yield notes. Daniel Bursky jointly leads the New York-based group and teamed up with Andrew Barkan and Joshua Coleman to act for Aleris International in its $550m offering of senior secured notes.

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Commercial lending
Commercial lending: advice to borrowers - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Commercial lending: advice to lenders - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP has a balanced practice covering work for sponsors and lenders, with particular strength in mid-market acquisition finance. F William Reindel leads the team and has an excellent reputation for advising borrowers, in addition to being particularly well known for his advice to alternative lenders as well as clients such as Goldman Sachs. Key figures on the lender side include Brian Murphy, Daniel Bursky and Julian Chung. In a recent lender highlight the firm advised Credit Suisse on a $1.7bn loan to finance Onex Partners and Baring Private Equity Asia’s acquisition of Thomson Reuters Intellectual Property & Science. J Christian Nahr is particularly active on the sponsor side, recently advising AEA Investors on the financing of its $1.2bn acquisition of 1-800 Contacts. The firm also acted for Lumenis, a portfolio company of Chinese private equity fund XIO Group, on its $225m refinancing.

Leading lawyers

F William Reindel - Fried, Frank, Harris, Shriver & Jacobson LLP

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Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 6

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP has been representing various groups of noteholders, most notably in the respective Chapter 11s of Basic Energy Services, Forbes Energy Services and Talen Energy. The team has also represented Goldman Sachs as equity owner and term loan lender to Constellation Enterprises in connection with Constellation’s Chapter 11, and Gary Kaplan has acted as counsel to Goldman Sachs and BlackGold Capital Partners as holders of subordinates notes of Tervita Corporation. New York-based Brad Scheler leads the team, which also includes newly promoted partners Matthew Roose and Peter Siroka as well as Julia Smolyanskiy, who was recently promoted to special counsel.

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Structured finance
Structured finance - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP has extensive experience in futures and derivatives transactions spanning all major asset classes, and joint department heads Robert McLaughlin and David Mitchell handle complex structured transactions and regulatory issues arising from the flurry of newly implemented CFTC and SEC rules. The group works for a variety of investment banks and asset managers, such as Bank of America Merrill Lynch, Morgan Stanley, BlueCrest Capital Management and Brookfield Asset Management, in addition to multiple well-known private equity clients. Highlights in 2016 included a mix of regulatory work, forwards and swaps transactions, the creation of a platform for purchase and sale of distressed loans, and involvement in a company acquisition by an investment group. Washington DC-based William Breslin is also recommended.

Leading lawyers

David Mitchell - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: Government

Government contracts
Government contracts - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Delivering ‘five-star support levels’, Fried, Frank, Harris, Shriver & Jacobson LLP focuses on M&A transactions on behalf of government contractors, particularly in the aerospace and defense sector. Regularly involved in some of the most high-profile deals, 2016 saw the team advising Leidos Holdings on one of the largest government contracts transactions of 2016 - the $4.5bn acquisition of Lockheed Martin Information Systems & Global Solutions. As well as transactional work, the team regularly represents its clients in bid protests and FCA cases; an example was acting for Black & Veatch in a civil FCA action brought by two former employees concerning the alleged forging of educational documents in order to obtain visas and work permits for employees supporting USAID contracts in Afghanistan. Jerald Howe took over the practice lead in March 2016 from James McCullough, who remains active; both are described as ‘very responsive’. Michael Anstett is another name to note.

Leading lawyers

James McCullough - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: Investment fund formation and management

Alternative/hedge funds
Alternative/hedge funds - ranked: tier 2

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP’s ‘client service and business acumen separates it from the pack’. The firm, which attracts praise for its ability to provide ‘unmatched breadth of knowledge, experience and business acumen’, advises on funds-related issues covering a range of strategies, from quantitative-based funds and merger arbitrage to distressed debt, for clients such as Goldman Sachs Hedge Fund Strategies and BlackRock. Key figures include Jonathan Adler, who is ‘a living, breathing treatise’ on the subject and regularly acts for the TCW Group; Walid Khuri, whose expertise covers the structuring of funds-of-funds; Lisa Schneider, who advised Piton Investment Management on its entry into the hedge fund business; and practice head Lawrence Barshay, who is ‘in a league of his own - he consistently delivers practical solutions to the most complex questions’.

Leading lawyers

Lawrence Barshay - Fried, Frank, Harris, Shriver & Jacobson LLP

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Private equity funds
Private equity funds - ranked: tier 2

Fried, Frank, Harris, Shriver & Jacobson LLP

Among the high-end law firms in the space’, Fried, Frank, Harris, Shriver & Jacobson LLP has extensive experience of real estate and buyout fund formation work, with clients singling out the ‘high levels of partner attention’. Washington DC-based Richard Ansbacher and New York-based practice head Kenneth Rosh (‘an absolute pleasure to work with - he is very experienced and knowledgeable’) advised Permira Advisers on the launch of a €7.25bn buyout fund, while Rosh acted alongside the ‘extremely hands-onRebecca Neuschatz Zelenka in Washington DC for Brookfield Asset Management on a $9bn fund investing in real estate assets and debt, as well as equity positions in property companies. On the fund-of-funds side, the team handled a $750m secondaries fund for StepStone Group, while in the credit fund space it advised Morgan Stanley on a venture loan fund.

Next generation lawyers

Rebecca Neuschatz Zelenka - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: Labor and employment

Employee benefits and executive compensation (transactions)
Employee benefits and executive compensation (transactions) - ranked: tier 2

Fried, Frank, Harris, Shriver & Jacobson LLP

Clients engage the team at Fried, Frank, Harris, Shriver & Jacobson LLP to negotiate, structure and document compensation arrangements for executive staff, especially in the context of corporate transactions. Jeffrey Ross and newly promoted partner Adam Kaminsky, who is based in Washington DC, handled the complicated acquisition of an equity stake in Genesys by affiliates of Hellman & Friedman, which involved negotiations surrounding the treatment of vested equity. Practice head Donald Carleen advised Media General on several transactions, including its $4.6bn merger with Nexstar, its merger with Meredith, and its agreements to divest a total of five stations in a sale to Graham Media and Gray Television. Attorneys mentioned are based in New York except where noted otherwise.

Leading lawyers

Donald Carleen - Fried, Frank, Harris, Shriver & Jacobson LLP

Next generation lawyers

Adam Kaminsky - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)
M&A: large deals ($1bn+) - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP is ‘absolutely excellent’, ‘well attuned to clients’ challenges’ and has an ‘outstanding ability to execute quickly and focus on the important issues’. Partners are ‘extremely responsive’, ‘extremely knowledgeable in their specialty areas from a legal and business perspective’, and ‘take time to really understand a client’s business and develop relationships’. The high-quality team is frequently engaged in big-ticket public M&A and private equity transactions. The pharmaceutical, healthcare and media sectors are particularly active for the firm. Recent examples include advising Media General on its $4.6bn merger with Nexstar Broadcasting and its proposed $2.4bn merger with Meredith Corp; it also continued to advise Humana on its proposed $37bn sale to Aetna. In cross-border matters, the team represented Terex in connection with a $3.28bn unsolicited bid from Zoomlion, one of China’s leading crane manufacturers. Other clients include Aleris Corporation, Genesys and Goldman Sachs. Co-head of the department Philip Richter is an ‘excellent M&A and corporate governance lawyer with great business acumen’, and is at the forefront of many of the firm’s headline and big-ticket deals, as is global head of M&A and private equity Robert Schwenkel. Christopher Ewan, Steven Steinman and Washington DC’s Brian Mangino are also recommended. Global chair of the corporate department Steven Scheinfeld is an ‘expert corporate lawyer’, who delivers a ‘superior client service’. Steven Epstein and Matthew Soran are ‘top notch’. All named partners are based in New York unless stated otherwise.

Leading lawyers

Robert Schwenkel - Fried, Frank, Harris, Shriver & Jacobson LLP

Next generation lawyers

Matthew Soran - Fried, Frank, Harris, Shriver & Jacobson LLP

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Private equity buyouts
Private equity buyouts - ranked: tier 3

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP has an impressive history in the private equity sector and is noted for its ties to Goldman Sachs and Permira. Beyond these two marquee clients, the firm has advised a wide variety of private equity sponsors, including AEA Investors, American Securities, CVC Capital Partners, KKR, New Mountain, Onex Partners, Ontario Teachers’ Pension Plan, and Wendel. Healthcare, technology and real estate are key industry sectors for the practice. Deal highlights included advising AEA and Ontario Teachers’ on the $3.25bn sale of Dematic to Germany’s KION Group. It also advised Permira on the $2.6bn sale of the majority of its equity stake in Ancestry.com to Silver Lake and GIC. Robert Schwenkel remains a giant of the private equity sector and Christopher Ewangets things done in a business-like and efficient manner’, doing ‘a good job of representing his client without injecting unnecessary atmospherics’ into the deal. Steven Steinman is a ‘great M&A lawyer’, ‘extremely reasonable’ and ‘plays his hand very well’. Aviva Diamant, Andrew Colosimo and Washington DC-based Brian Mangino are also recommended. Named partners are based in New York unless stated otherwise.

Leading lawyers

Robert Schwenkel - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: Media, technology and telecoms

Technology: transactions
Technology: transactions - ranked: tier 4

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP advises global companies on matters such as licensing, outsourcing, services and transfer arrangements; the practice is also recommended for the development, management and assessment of IP assets and services. The M&A group acted as counsel to private equity firm AEA Investors in its agreement to acquire a $1.3bn majority interest of 1-800 Contacts, the largest retailer of contact lenses in the US; advised Genesys on multiple transactions, including its approximately $1.4bn acquisition of cloud services provider Interactive Intelligence Group; and assisted Genpact with its acquisition of global software company PNMSoft. Department head Henry Lebowitz in New York is recommended. Former joint practice head Daniel Glazer and senior associate Jason Greenberg exited for Wilson Sonsini Goodrich & Rosati’s New York office.

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United States: Real estate

Land use/zoning
Land use/zoning - ranked: tier 1

Fried, Frank, Harris, Shriver & Jacobson LLP

The ‘excellent’ New York-based team at Fried, Frank, Harris, Shriver & Jacobson LLP is home to ‘some of the best land use attorneys in New York, who are also easy to work with’. The team is headed by Stephen Lefkowitz, who alongside Melanie Meyers continued to advice the Related Companies on various approvals for the $20bn Hudson Yards development; the group has been working on approvals for ground leases affecting various projects, including the retail podium and residential and office buildings. High-value commercial and residential developments are the mainstay of the practice, and other prominent projects include the development of 550 Madison Avenue by the Saudi conglomerate Olayan America; Carol Rosenthal led the advice. Zachary Bernstein and Tal Golomb are also key names in the team.

Leading lawyers

Carol Rosenthal - Fried, Frank, Harris, Shriver & Jacobson LLP

Melanie Meyers - Fried, Frank, Harris, Shriver & Jacobson LLP

Stephen Lefkowitz - Fried, Frank, Harris, Shriver & Jacobson LLP

Next generation lawyers

Zachary Bernstein - Fried, Frank, Harris, Shriver & Jacobson LLP

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United States: Tax

US taxes: non-contentious
US taxes: non-contentious - ranked: tier 2

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP’s tax team is ‘excellent; its response time is rapid and its orderly approach means answers are well thought out’. The 11-partner team is headed by Robert Cassanos in New York and Washington DC-based Alan Kaden, and is highly active in tax matters connected to M&A, fund formation, real estate, private equity and restructuring. Highlights included acting for Genesys on its $1.4bn acquisition of Interactive Intelligence Group, and assisting the same client with a $900m investment into the company by affiliates of Hellman & Friedman. Cassanos led advice to Coach on the sale of its interests in the Hudson Yard development. Michael Alter, Henry Lebowitz, David Shapiro and associate Reid Thompson are also recommended. Other clients include Ascential, Goldman Sachs, Terex Corporation and Permira Advisers.

Leading lawyers

Alan Kaden - Fried, Frank, Harris, Shriver & Jacobson LLP

David Shapiro - Fried, Frank, Harris, Shriver & Jacobson LLP

Next generation lawyers

Reid Thompson - Fried, Frank, Harris, Shriver & Jacobson LLP

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