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

law firm A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise consumer, clients (individuals or corporations) about their legal rights and Obligation, respon ...

with offices in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

Washington, D.C. Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...

, and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. The number of attorneys practicing at the 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;

shareholder activism Shareholder activism is a form of activism in which shareholders use equity stakes in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In co ...

; 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. 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. It has more than 800 attorneys wor ...

, 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 of the Democratic Party who served in the U.S. House of Representatives from 1961 to 1974 and as the 51st governor of New York from 1975 to 1982. Early ...

, 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-large ...

LLC,

Cerberus Capital Management Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies.Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Qua ...

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

Related Companies Related Companies, L.P. is an American real estate firm with headquarters in New York City, and with offices around the country including in West Palm Beach, Chicago, Boston, Los Angeles, San Francisco, as well as in London. Related developed t ...

and Oxford Properties Group, 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. 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 a ...

plc in a series of lawsuits and data cases brought by affiliates of rival inter-dealer broker BGC Partners Inc. The firm represented Cerberus Capital Management LP in its sale of Chrysler Financial to TD Bank Group 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 ''

The Globe and Mail ''The Globe and Mail'' is a Newspapers in Canada, Canadian newspaper printed in five cities in Western Canada, western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on week ...

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 against ...

, 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 Richard A. Davey is an American attorney and transportation executive who is the CEO of the Massachusetts Port Authority. He was the General Manager of the Massachusetts Bay Transportation Authority from March 2010 to September 2011, Massachusetts ...

, 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 a department of the government of New York City. History The duties were performed by the Commissioner of Public Market ...

* Beryl A. Howell, Judge of the United States District Court for the District of Columbia * Brian P. Kavanagh, member of the New York State Assembly * John G. McGoldrick, Counsel to Governor Hugh Carey *

Ben Quayle Benjamin Eugene Quayle (born November 5, 1976) is an American lawyer and politician who is a former U.S. Representative for . A member of the Republican Party, he is the son of the 44th vice president of the United States, Dan Quayle. Before s ...

, 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 ranking office in the Executive branch of the United States government, executive branch of the U.S. federal government, after the president of the United States, and ranks f ...

Dan Quayle James Danforth Quayle (; born February 4, 1947) is an American retired 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 (United States), ...

References

External links