Firm Profile > Schulte Roth & Zabel LLP > New York, United States

Schulte Roth & Zabel LLP
919 THIRD AVENUE
NEW YORK, NY 10022
United States

Investment funds > Alternative/hedge funds Tier 1

Schulte Roth & Zabel LLP’s hedge fund practice provides comprehensive support to the market's largest fund managers. Jointly led by Stephanie Breslow, David Efron, Marc Elovitz and David Nissenbaum, the team advises on the formation of a wide range of liquid-securities funds, including hedge funds, funds-of-funds, hybrid funds, and activist funds. Daniel Hunter is active in the growing secondary and credit funds space, while Jennifer Dunn has experience in the formation of managed accounts and single investor funds. Marc Elovitz and Brian Daly are noted for their regulatory expertise, with experience of designing internal compliance procedures, representing clients in enforcement actions before all the principal financial regulatory bodies, and obtaining SEC relief and exemption letters for novel fund structures. Stephanie Breslow, and David Nissenbaum chiefly focus on fund formation for institutional investors and managers, while David Efron is experienced in advising start-up funds.

Practice head(s):

Stephanie Breslow; David Efron; Marc Elovitz; David Nissenbaum

Testimonials

‘A leader in hedge funds, but also has deep resources in all tangential areas such as regulatory, tax, labor, and employment – just to name a few.’

‘A very deep bench, and tremendous tax capabilities.’

Key clients

Baupost Group

Trian Partners Fund Management

Perella Weinberg Partners

JANA Partners

Cerberus Capital Management

Fortress Investment Group

Elliot Management Corporation

Centerbridge Partners

M&A/corporate and commercial > Shareholder activism Tier 1

Schulte Roth & Zabel LLP boasts a full-service offering for activist investors, with core strengths in campaign strategies and proxy contests, strategic corporate governance, and litigation. In 2019, the firm successfully represented Starboard Value in its investment in Papa John's, an unusual deal whereby Starboard was invited to make an investment and have its principal join the board as chairman to fend off a challenge from the company's founder, John Schnatter. The team also handled a number of standout matters for Elliott Management and Saba Capital Management. Based in New York, the practice is jointly led by Eleazer Klein and Marc Weingarten, both described by one client as 'smart and seasoned', with the 'creativeAneliya Crawford also being involved in a number of large cases.

Practice head(s):

Eleazer Klein; Marc Weingarten

Other key lawyers:

Testimonials

‘Few firms compare with Schulte in terms of having the knowledge and team to provide exceptional service and advice for shareholders in an activist situation. Schulte is a leader in hedge fund work and its relationships with active investors is unparalleled. That access and knowledge makes the team deal-savvy and a business ally.’

‘Marc Weingarten and Eleazer Klein are smart and seasoned. Matters are handled with experience and wisdom–and frequently much-appreciated humor. Aneliya Crawford is hard-working and creative. Michael Swartz is a top-notch litigator with a true commercial sense. Associate Brandon Gold has experience beyond his years and is a great member of any team.’

‘Top flight team and practice, with knowledge of all the pitfalls, strategies and approaches.’

Key clients

Cevian Capital

Elliott Management

Starboard Value

JANA Partners

Trian Fund Management

Blue Harbour Group

Saba Capital Management

Caligan Partners

D.E. Shaw & Co

Finance > Structured finance: securitization Tier 2

Schulte Roth & Zabel LLP handles securitization matters across a range of asset classes. In particular, the team is known for its work in the CLO market, and is also recognized for its expertise in securitizations of less-typical assets. The practice is jointly led by Craig Stein, a well-known name among CLO managers, and Boris Ziser, who has experience of securitizations of consumer debt, litigation funding, wine, art and more. Daniel Oshinsky handles a mixture of financing work, including leveraged finance and structured credit; in the CLO space he acts for a number of leading asset managers. Phillip Azzollini is also recommended for CLO work.

Practice head(s):

Craig Stein; Boris Ziser

Other key lawyers:

Testimonials

‘Very detail-oriented, deep thinking. More partner involvement than other firms.’

‘Phil Azzollini knows our platform inside and out, and is constantly on the lookout for potential issues. He’s a guardian angel.’

‘Craig Stein and the team are thoughtful, creative practitioners in CLO securitizations who ensure we know the most updated CLO technology.’

Key clients

GoldenTree Asset Management

Mitsubishi UFJ

Morgan Stanley

Fortress Investment Group

PGIM (formerly Prudential Asset Management)

Birch Grove Capital

Deutsche Bank

Blackstone Real Estate Income Advisers

Barclays Capital

East West Bank

Marathon Asset Management

M&A/corporate and commercial > M&A: middle-market ($500m-999m) Tier 2

Schulte Roth & Zabel LLP is a standout player in the private equity and investment management space, and in this area, it is known as a go-to advisor both for private investment funds and their portfolio companies. Among its recent highlights, the team advised Veritas Capital on its $5.7bn take-private acquisition of athenahealth, showcasing its ability to handle large multibillion-dollar transactions, in addition to high-volume middle-market work. The Veritas work was led by Richard Presutti, who chairs the investment management M&A practice, and also jointly leads the M&A and securities group alongside Stuart Freedman, who specializes in cross-border private equity and securities deals. As for new additions to the team, Edward Sadtler joined from Kirkland & Ellis LLP, and Daniel Eisner joined from DLA Piper LLP (US), having previously headed the firm's private equity practice. All named attorneys based in New York.

Practice head(s):

Richard Presutti; Stuart Freedman

Other key lawyers:

Edward Sadtler; Daniel Eisner; Michael Gilligan

Key clients

Cerberus Capital Management

Marlin Equity Partners

Albertsons

Veritas Capital

Keane

Priority Technology Holdings

Sustainable Growth Advisers

Dispute resolution > Corporate investigations and white-collar criminal defense

The team at Schulte Roth & Zabel LLP is most noted for its defense of individuals in government investigations and enforcement actions, but it is also instructed by a range of corporates and financial institutions. On the coporate side, the group currently represents a variety of pharmaceutical companies in relation to FCA violations and cases arising from the opioid crisis. Other areas of expertise include FCPA and sanctions work, both of which are areas of expertise for New York's Gary Stein. The group is co-led by veteran trial lawyer in New York Barry Bohrer, Washington DC's Adam Hoffinger, a compliance and investigations expert, and Douglas Koff, also in New York, who focuses on representing financial institutions and broker-dealers in criminal proceedings and government investigations.

Practice head(s):

Barry Bohrer; Adam Hoffinger; Douglas Koff

Other key lawyers:

Peter White; Charles Clark; Craig Warkol

Testimonials

Adam Hoffinger and Jeff Robertson are exceptional advocates.

They are collegial, forceful, and well prepared.’

Key clients

Abul Huda Farouki (former chief executive of Anham)

Washington Metropolitan Area Transit Authority

Mason Capital Management

ParagonCoin Inc.

Pershing Square Capital Management

Purdue Pharma Executives

Reckitt Benckiser/Indivior Executives

Robert Jesenik (Aequitas)

Jun Ying (former Equifax executive)

Joseph Percoco (former aide to New York governor Andrew Cuomo)

Crystal Grote (Tucker payday lending companies)

Lazare Kaplan International

Ronald Ferguson (former CEO of General Reinsurance)

Washington Metropolitan Area Transit Authority

Agricultural Bank of China

Investment funds > Private equity funds (including venture capital) Tier 3

Schulte Roth & Zabel LLP brings its investment funds expertise to bear in the private equity space, advising market-leading hedge and private equity hybrid funds, in addition to traditional firms on all aspects of fund formation and management, encompassing structuring of funds, formation of management entities and representation of general partners in their negotiation with investors. The practice is jointly led from New York by Stephanie Breslow, who primarily advises on the formation of private and liquid equity funds, and also advises fund managers on regulatory compliance issues; David Efron, who has more that 25 years of experience of private investment fund strategies; and David Nissenbaum, who works with investment management and financial services firms on fundraising, management company partnerships, and compensation plan. Also recommended are Phyllis Schwartz, who advises sponsors and investors on fund formation, operation, and management, and Joseph Smith, who works on the sponsor side, advising on fund formation, transactions, and exit strategies. All lawyers mentioned are in New York.

Practice head(s):

Stephanie Breslow; David Efron; David Nissenbaum

Other key lawyers:

Jason Kaplan; Marc Elovitz; Phyllis Schwartz; Joseph Smith

Key clients

DRA Advisors

Westport Capital Partners

LCN Capital Partners

State Street Global Advisors Fund Management (f/k/a GE Asset Management)

The Energy & Minerals Group

Coller Capital

Royalton Partners

Vortus Investment Advisors

DuPont Capital Management

Pantera Capital Management

Dispute resolution > M&A litigation: defense Tier 4

Schulte Roth & Zabel LLP joins the ranking this year partly on the strength of the work done by Michael Swartz in New York, who along with Peter White in Washington DC leads the firm's litigation group. The firm is a key adviser to the financial services industry on corporate and transactional matters, as well as providing counsel on regulatory, compliance, enforcement and investigative issues. Swartz handles a growing number of complex corporate disputes arising out of failed or contested mergers and acquisitions and joint ventures, and the firm has a well-established shareholder activism practice that also sees it involved in contentious matters.

Practice head(s):

Michael Swartz; Peter White

Key clients

Veritas Capital

Trian Fund Management

venBio Select

Advisor (now Avoro Capital Advisors)

Marlin Equity Partners

Starboard Value

Dispute resolution > Securities litigation: defense Tier 4

Schulte Roth & Zabel LLP has a five-partner team that handles securities litigation from both its New York and Washington DC offices. It frequently defends federal and state securities claims across the US, with a particularly prominent role in the defense of hedge funds and private equity firms. Its work also includes the representation of Fortune 500 corporations, securities underwriters and broker-dealers. It has recently shown its prowess in financial services cases, having acted for individuals and organizations accused of insider trading and in short-swing, as well as in disputes relating to blockchain technology and cryptocurrencies. Practice head Michael Swartz in New York and Peter White in DC are the lead partners. Regulatory specialists Gary Stein in New York and DC-based partner Howard Schiffman are also recommended.

Practice head(s):

Michael Swartz; Peter White

Other key lawyers:

Key clients

Edenbrook Capital

Starboard Value (Jeffrey Smith)

Jun Ying (former Equifax executive)

KPMG

Marlin Equity Partners

National Bank of Canada

Trian Fund Management

Tullett Prebon

venBio Select Advisor

Veritas Capital

Finance > Financial services regulation Tier 4

Based in New York, Schulte Roth & Zabel LLP is rated for its expertise in broker-dealer enforcement and regulatory work, its involvement in M&A and private equity investments in the financial services sector, and its experience advising growth companies and major tech companies on fintech products and investments. Donald Mosher focuses on the regulation, acquisition and sale of payment companies and the licensing and registration of money services businesses, including B2B providers and cryptocurrency exchanges. 'Consistently superb' partner Joseph Vitale routinely advises private equity funds and hedge funds on investments in the banking sector, and former SEC enforcement attorney Craig Warkol advises on securities trading and represents clients in enforcement and investigation proceedings brought by the SEC, DOJ, FINRA and other regulators. Julian Rainero is the firm's go-to broker dealer expert, serving as regular counsel to clients in connection with compliance matters before the SEC and the Fed. Vitale is currently one of several partners advising major banks, including Credit Suisse and UBS Group, on compliance with the Bank Holding Company Act and the Volcker Rule.

Practice head(s):

Donald Mosher; Julian Rainero; Joseph Vitale; Craig Warkol

Testimonials

‘They are the foremost experts in all areas dealing with the asset management industry for all clients, including hedge funds and private equity firms.’

‘Time and time again, their advice has proven to be, not only accurate, but also highly practical. We rely on them to constantly stay on top of things and we haven’t been let down yet. We also really value their real world perspective and business oriented legal advice.’

‘We have used Joseph Vitale and his team as our legal counsel on all aspects of our financial institution deals, including all regulatory and legal due diligence, obtaining all necessary regulatory approvals and negotiating of transactions. He also acts as regulatory counsel post-transaction, advising on general compliance issues as well as specific issues stemming from regulatory actions involving our portfolio banks. He has been consistently superb on both transactional and compliance maters.’

Key clients

Cerberus Capital Management

UBS Group

AllianceBernstein

De Lage Landen

Credit Suisse

ICBC Financial Services

Omni Financial Group

Banco Santander International

Maltese Capital Management

H&R Block

Fidelity/NFS

Virtu Financial

Instinet/Nomura

E*TRADE Financial

Jane Street Capital

Nomura Securities

ConvergEx Group

Interactive Brokers Group

Jun Ying (former CIO of Equifax)

Société Générale Group

Labor and employment > ERISA litigation Tier 4

Based in New York and leveraging the firm’s significant roster of multiemployer clients, Schulte Roth & Zabel LLP’s ERISA litigation leader Ronald Richman represents plan sponsors and administrators in disputes concerning the withdrawal liabilities of multiemployer funds. A recent stand-out matter saw Richman representing the Newspaper and Mail Deliverers’-Publishers’ Pension Fund in a high-profile dispute against The New York Times.

Practice head(s):

Ronald Richman

Key clients

Newspaper and Mail Deliverers’-Publishers’ Pension Fund

NRF and Laundry Dry Cleaning Workers Allied Industries Retirement Fund

Real estate > Real estate Tier 4

Schulte Roth & Zabel LLP's New York real estate group is well known for its handling of complex financing and corporate real estate transactions, including single-asset and portfolio deals, and equity and debt financing. Julian Wise leads the practice group which counts institutional and non-institutional investors, bank lenders and development companies among its client list. Wise in particular has an impressive roster of bank and private fund clients, which he advises on secured financing and acquisitions across the US. Another name to note is Seth Henslovitz, an expert in commercial property transactions, workouts and the acquisition and disposition of mortgage debt.

Practice head(s):

Julian Wise

Other key lawyers:

Seth Henslovitz; Ari Aranda

Key clients

The Festival Companies

Monday Properties

Tax > US taxes: non-contentious Tier 4

Schulte Roth & Zabel LLP is jointly led by the 'one of a kind' transactional tax specialist Alan Waldenberg and Shlomo Twerski, who focuses on the tax aspects of onshore and offshore investment funds and private equity partnerships. Other key figures in the practice group include Philippe Benedict and Dan Kusnetz, both of whom have broad transactional tax practices covering tax issues relating to investment funds, M&A and real estate transactions. All named attorneys are based in New York.

Practice head(s):

Alan Waldenberg; Shlomo Twerski

Other key lawyers:

Testimonials

‘Alan Waldenberg in one of a kind.’

Key clients

Cerberus Capital Management

Fortress Investment Group

JANA Partners

Keane Group

Marlin Equity Partners

Trian Fund Management

Veritas Capital

Dispute resolution > General commercial disputes Tier 5

From its offices in New York and Washington DC, Schulte Roth & Zabel LLP excels in litigation related to investment management. It also has expertise in broker-dealer disputes, shareholder activism and proxy contests. In a highlight matter, co-chair Michael Swartz recently won a series of victories for hedge fund venBio Select Advisor and is continuing to advise the company relating to its proxy contest at Immunomedics. Elsewhere, William Gussman is representing TPG Specialty Lending in securing repayment of credit from IHeartMedia, after the latter went into bankruptcy. Other key lawyers to note are co-chair of litigation group Peter White (in DC); Taleah Jennings, who focuses on fiduciary-related issues; Gary Stein, who has deep experience at appellate level; and Robert Ward, who specializes in commercial and securities litigation.

Practice head(s):

Michael Swartz; Peter White

Key clients

Edenbrook Capital

Marlin Equity Partners

TPG

Trian Fund Management

Tullett Prebon

Avoro Capital Advisors

Veritas Capital

Finance > Structured finance: derivatives and structured products

Schulte Roth & Zabel (SRZ) is a multidisciplinary law firm with offices in New York, Washington, DC and London. As one of the leading law firms serving the financial services industry, SRZ regularly advises on corporate and transactional matters, as well as provides counsel on regulatory, compliance, enforcement and investigative issues. The firm takes a cross-disciplinary approach to client service by employing the expertise of multiple practice groups, and SRZ lawyers are recognized for their ability to develop cutting-edge solutions for their clients’ most complex legal and business challenges.

Types of work undertaken:  The firm’s practices include: antitrust; bank regulatory; bankruptcy & creditors’ rights litigation; blockchain technology & digital assets; broker-dealer regulatory & enforcement; business reorganization; complex commercial litigation; cybersecurity & data privacy; distressed debt & claims trading; distressed investing; education law; employment & employee benefits; energy; environmental; finance; financial institutions; hedge funds; individual client services; insurance; intellectual property, sourcing & technology; investment management; litigation; litigation finance; mergers & acquisitions; PIPEs; private equity; real estate; real estate capital markets & REITs; real estate litigation; regulated funds; regulatory & compliance; securities & capital markets; securities enforcement; securities litigation; securitization; shareholder activism; structured finance & derivatives; tax; and white collar defense & government investigations.

Department Name Email Telephone
Investment Management Stephanie Breslow
Co-Managing Partner and Investment Management David Efron
Co-Managing Partner and Investment Management Marc Elovitz
Individual Client Services Susan Frunzi
M&A and Securities Eleazer Klein
M&A and Securities Richard Presutti
Litigation Peter White
Structured Finance Boris Ziser
CFO Richard Piotrowicz
COO Brian Schare
Photo Name Position Profile
Mr Robert Abrahams  photo Mr Robert Abrahams
Mr Ari Aranda  photo Mr Ari Aranda
Mr Phillip Azzollini  photo Mr Phillip Azzollini
Mr Philippe Benedict  photo Mr Philippe Benedict
Mr Barry Bohrer  photo Mr Barry Bohrer
Ms Stephanie Breslow  photo Ms Stephanie Breslow
Mr Michael Cook  photo Mr Michael Cook
Ms Aneliya Crawford  photo Ms Aneliya Crawford
Mr Brian Daly  photo Mr Brian Daly
Mr Harry Davis  photo Mr Harry Davis
Ms Jennifer Dunn  photo Ms Jennifer Dunn
Mr David Efron  photo Mr David Efron
Mr Daniel Eisner  photo Mr Daniel Eisner
Mr Marc Elovitz  photo Mr Marc Elovitz
Mr Stuart Freedman  photo Mr Stuart Freedman
Mr Michael Gilligan  photo Mr Michael Gilligan
Mr David Griffel  photo Mr David Griffel
Mr William Gussman  photo Mr William Gussman
Mr Peter Jonathan Halasz  photo Mr Peter Jonathan Halasz
Mr Adam Harris  photo Mr Adam Harris
Mr Seth Henslovitz  photo Mr Seth Henslovitz
Mr Daniel Hunter  photo Mr Daniel Hunter
Ms Taleah Jennings  photo Ms Taleah Jennings
Mr Jason Kaplan  photo Mr Jason Kaplan
Mr Eleazer Klein  photo Mr Eleazer Klein
Mr Douglas Koff  photo Mr Douglas Koff
Mr Dan Kusnetz  photo Mr Dan Kusnetz
Mr Jeffrey Lenobel  photo Mr Jeffrey Lenobel
Mr Robert Loper  photo Mr Robert Loper
Mr Donald Mosher  photo Mr Donald Mosher
Mr Robert Nash  photo Mr Robert Nash
Mr David Nissenbaum  photo Mr David Nissenbaum
Mr Daniel Oshinsky  photo Mr Daniel Oshinsky
Mr Martin Perschetz  photo Mr Martin Perschetz
Mr Richard Presutti  photo Mr Richard Presutti
Mr Julian Rainero  photo Mr Julian Rainero
Mr Ronald Richman  photo Mr Ronald Richman
Mr Paul Roth  photo Mr Paul Roth
Mr Edward Sadtler  photo Mr Edward Sadtler
Ms Betty Santangelo  photo Ms Betty Santangelo
Ms Phyllis Schwartz  photo Ms Phyllis Schwartz
Mr Joseph Smith  photo Mr Joseph Smith
Mr Craig Stein  photo Mr Craig Stein
Mr Gary Stein  photo Mr Gary Stein
Mr Michael Swartz  photo Mr Michael Swartz
Mr Shlomo Twerski  photo Mr Shlomo Twerski
Mr Joseph Vitale  photo Mr Joseph Vitale
Mr Alan Waldenberg  photo Mr Alan Waldenberg
Mr Robert Ward  photo Mr Robert Ward
Mr Craig Warkol  photo Mr Craig Warkol
Mr Paul Watterson  photo Mr Paul Watterson
Mr Marc Weingarten  photo Mr Marc Weingarten
Mr Julian Wise  photo Mr Julian Wise
Mr Boris Ziser  photo Mr Boris Ziser
Number of Partners : 81
Total Number of Fee-Earners : 346
Other Offices : London
Other Offices : Washington, DC