Schulte Roth & Zabel, LLP (often shortened to "SRZ") is a

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law firm with offices in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

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, and

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. The firm provides legal services to some of the world’s largest hedge funds and thousands of investment funds globally. Serving the financial services sector, the firm’s attorneys advise clients on investment management, corporate, and transactional matters, as well as providing counsel on regulatory, compliance, enforcement, and investigative issues. The number of attorneys practising at this firm globally is approximately 320 as of 2020, down from approximately 375 attorneys in 2013. The firm's practices include investment management; regulatory & compliance; securities & capital markets; bank regulatory; business reorganization; distressed investing; distressed debt & claims trading; mergers & acquisitions; employment & employee benefits; environmental; finance; individual client services; intellectual property, sourcing & technology; litigation; real estate;

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; structured products & derivatives; and tax.

History

The firm was founded in 1969 by seven attorneys under the age of 35. William D. Zabel, Daniel S. Shapiro, and Paul N. Roth met as associates at

Cleary, Gottlieb, Steen & Hamilton Cleary Gottlieb Steen & Hamilton LLP (known as Cleary Gottlieb) is an American multinational law firm headquartered at One Liberty Plaza in New York City. Known as a white shoe law firm, Cleary employs over 1,200 lawyers worldwide. History The ...

. Roth had worked on a transaction with Stephen J. Schulte, who was an associate at

Fried, Frank, Harris, Shriver & Jacobson 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, and has more than 500 attorneys w ...

, and through Schulte, the others met Charles Goldstein, also an associate at Fried Frank. Additionally, Schulte connected the group to Thomas Baer, who was in private practice; and John G. McGoldrick, who was a partner at Kaye, Scholer, Fierman, Hays & Handler. Burton Lehman, the eighth partner in the new firm, joined the original seven from Cleary Gottlieb shortly after they opened their doors. The firm's first name was Baer & McGoldrick. In 1977, the name of the firm was changed to Schulte & McGoldrick following Baer's departure. Following McGoldrick's departure in 1981 to become counsel to then-Governor

Hugh Carey Hugh Leo Carey (April 11, 1919 – August 7, 2011) was an American politician and attorney. He was a seven-term U.S. representative from 1961 to 1974 and the 51st governor of New York from 1975 to 1982. He was a member of the Democratic Part ...

, the name of the firm was changed to Schulte Roth & Zabel. The firm's London office, offering American and English law capabilities, launched in 2002. The firm opened its Washington, D.C. office in 2008. 919thirdave

Recognitions & rankings

''Chambers Global'' ranked SRZ as a Band 1 law firm in Investment Funds (Hedge Funds, Global-wide). ''Chambers USA'' recognized SRZ in Investment Funds (Hedge Funds, Nationwide), Capital Markets (Structured Products, Nationwide), Bankruptcy/Restructuring (New York), Corporate/M&A (New York), Real Estate (Mainly Corporate & Finance, New York) and Tax (New York). It was also named "Best Onshore Law Firm – Client Service" at the ''HFMWeek'' US Hedge Fund Services Awards and its hedge fund practice was recognized for its "commercial significance" by the ''Hedge Fund Insight'' "The Hedge Fund Hot 100" list in 2013.

Notable representations

The firm advised

Albertsons Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-larg ...

LLC,

Cerberus Capital Management Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. ...

LP and the investor group, which includes Kimco Realty Corporation, Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation in the $9 billion acquisition the Safeway Inc. SRZ also advised Cerberus Capital Management LP when SUPERVALU INC. unveiled a $3.3 billion deal to sign over its five biggest store chains and a stake in its remaining business to a group of investors led by Cerberus. The firm represented the joint venture, The

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and

Oxford Properties Group Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Esta ...

, in developing Hudson Yards, a $15 billion project, in closing nearly $1.4 billion in equity investments and debt financing for the center's first tower on New York City's West Side. The firm secured a reorganization plan for Quigley Co. in an asbestos-related Chapter 11 case that discharged at least $5.6 billion of current and future asbestos liability. The firm represented Wayzata Investment Partners in the formation of Wayzata Opportunities Fund III, which closed with approximately $2.7 billion of committed capital. The firm represented Marlin Equity Partners in its $891 million all-cash acquisition of Tellabs and also represented Marlin Equity Partners in its acquisition of Nokia Siemens Networks' optical networks business to form

Coriant Coriant was incorporated as an independent company in 2013 as a spin-out from Siemens Optical Networks (NSN ON). The launch of the company was announced for the OFC/NFOEC in March 2013 and on May 6, 2013 Coriant became independent from Nokia ...

. The firm secured dismissals on behalf of

Tullett Prebon TP ICAP Group plc is a financial services firm headquartered in London, United Kingdom. Its stock is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The company was founded by Derek Tullett in 1971 as ...

plc in a series of lawsuits and data cases brought by affiliates of rival inter-dealer broker

BGC Partners BGC Partners is an American global financial services company based in New York City and London. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004. History 1945–1990 In 1945, ...

Inc. The firm represented Cerberus Capital Management LP in its sale of Chrysler Financial to

TD Bank Group Toronto-Dominion Bank (french: links=no, Banque Toronto-Dominion), doing business as TD Bank Group (french: links=no, Groupe Banque TD), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. T ...

for cash consideration of approximately $6.3 billion. TD Bank, a wholly owned subsidiary of TD, acquired Chrysler Financial in the U.S. and Canada. The deal was named the biggest deal of 2010 in ''

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s list of "Biggest Canadian Mergers, Acquisitions and Restructurings." The firm represented the estate of the late philanthropist

Jeffry Picower Jeffry M. Picower (May 5, 1942 – October 25, 2009) was an American investor involved in the Madoff investment scandal. He was the largest beneficiary of Madoff's Ponzi scheme, and his widow agreed to have his estate settle the claims agai ...

, who was the target of various civil suits, in reaching a landmark settlement with the Department of Justice and the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC relating to claims arising out of the Madoff Ponzi scheme. The $7.2 billion settlement allowed Barbara Picower, the executor of her husband's estate, to return all monies her husband received from the Madoff Ponzi scheme and donate the vast bulk of his remaining fortunes to charity. The firm represented figures connected to the

Madoff investment scandal The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. In December of that year, Bernie Madoff, the former NASDAQ chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities ...

, including J. Ezra Merkin, the financier and money manager targeted in various civil lawsuits by investors and

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, the trustee of Bernand Madoff Investment Securities LLC.

Notable attorneys

* Richard A. Davey, Massachusetts Secretary of Transportation * Peter Hatch, Commissioner of the

New York City Department of Consumer and Worker Protection The New York City Department of Consumer and Worker Protection (DCWP), formerly the Department of Consumer Affairs (DCA), is an agency of the Government of New York City. History The duties were performed by the Commissioner of Public Markets un ...

Beryl A. Howell Beryl Alaine Howell (born December 3, 1956) is the Chief United States district judge of the United States District Court for the District of Columbia. She was a federal judge supervising the grand jury for special counsel Robert Mueller's pr ...

, Judge of the United States District Court for the District of Columbia * Brian P. Kavanagh, member of the New York State Assembly * Ben Quayle, former member of the United States House of Representatives, son of Former

Vice President of the United States The vice president of the United States (VPOTUS) is the second-highest officer in the executive branch of the U.S. federal government, after the president of the United States, and ranks first in the presidential line of succession. The vice ...

Dan Quayle James Danforth Quayle (; born February 4, 1947) is an American politician who served as the 44th vice president of the United States from 1989 to 1993 under President George H. W. Bush. A member of the Republican Party, Quayle served as a U.S. ...

References

External links