
The group at Fried, Frank, Harris, Shriver & Jacobson LLP is active across both the buy‑side and sell‑side of the derivatives regulatory practice, and regularly represents global banks, fintech companies and other major market participants. The team is engaged in matters involving market‑linked products, hedge funds, private equity funds and real estate funds. Ray Shirazi co‑leads the practice from New York, advising on a broad range of transactional and regulatory issues, with particular experience in equity‑linked derivatives and commodity‑based structured products. In Washington DC, fellow co‑head William Breslin focuses on accelerated share repurchase agreements, hedge fund matters and synthetic asset‑based financings. David Mitchell brings expertise in futures, swaps and derivatives, including electronic trading facilities and regulatory compliance. Nihal Patel regularly represents financial institutions on regulatory, compliance and structured finance matters, often involving commercial mortgage‑backed securities and other structured products. Michael Yu is active in structured notes programs, FX forwards, hedging arrangements and regulatory structuring. Other noteworthy individuals include Josh Xiong, who supports clients across a wide range of asset classes. All individuals mentioned are based in New York unless stated otherwise.
Legal 500 Editorial commentary
Key clients
- RLJ Lodging Trust, L.P.
- The Bank of Nova Scotia
- TD Securities (USA) LLC
- UBS AG
- Acadia Realty Trust
- SL Green Realty Corp.
- Independence Realty Trust, Inc.
- Broadstone Net Lease, Inc.
- Essex Property Trust, Inc
- Equinix, Inc
Work highlights
Clients in the market-linked notes and warrants market include UBS, TD Securities (USA) LLC and The Bank of Nova Scotia. Also advising these clients as well as other major financial institutions in the Securities and Exchange Commission (SEC)-registered, institutional, private placement and Regulation S markets.
Advising several institutions in connection with their role as underwriter and forward counterparty to SEC-registered issuers’ at-the-market offering programs.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Ray Shirazi
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Nihal Patel
Practice head
Ray Shirazi; William Breslin
Other key lawyers
David Mitchell; Nihal Patel; Michael Yu; Josh Xiong

