2021 Vault Rankings
At a Glance
“Commitment to pro bono.”
“The culture and people. We have great, balanced people working at this firm.”
“Opaque partnership process.”
“Stress levels can be high.”
About Kramer Levin Naftalis & Frankel LLP
Rooted in New York, with offices in Silicon Valley, and Paris, Kramer Levin is a full-service shop with 375 lawyers. The firm practices across dozens of areas with particular strength in bankruptcy, immigration, litigation, M&A, real estate, and white collar.
Many Eggs, Many Baskets
Fourteen New York attorneys teamed up to start Kramer Levin in 1968. From the start, Kramer Levin was positioned as a full-service firm that didn’t rely on a single hallmark practice or longstanding relationship with one major client. This approach, combined with the firm’s small size, meant that some practice areas were run by just one or two lawyers, but it also meant that Kramer Levin was able to accept litigation, real estate, transactional, tax, and trusts and estates assignments. One of the reasons why the firm was able to attract and retain partners and associates in its early days was the fact that it offered attorneys a chance to work in small teams and build their practices themselves, instead of navigating through the crowds at larger firms.
From Gavels to Distress to Buildings
Kramer Levin has stuck by its diversified practice model. Its litigators handle everything from advertising litigation and commercial litigation to antitrust and real estate litigation to securities litigation and white collar defense—to name some. The firm was in the spotlight recently for its work on the U.S. Supreme Court case Obergefell v. Hodges, which determined that denying same-sex couples the freedom to marry violates the Constitution.
The firm is recognized for its work in restructuring—and for good reason. Kramer Levin has been involved in some of the largest and most complex bankruptcies filed in the country, including Caesar’s Entertainment, Toys R Us, and Puerto Rico.
Holding a spot within the top 20 of Vault’s Real Estate ranking, Kramer Levin’s real estate practice is also widely recognized. The group advises real estate owners and developers, private equity investors, investment bankers, and hoteliers, among others. Clients include the Related Companies LP in the 26-acre Hudson Yards development in Midtown Manhattan and The Walt Disney Co. in the sale of its Upper West Side campus and the purchase of a new headquarters in Lower Manhattan.
Rising to the Challenge
Pro bono isn’t an afterthought at Kramer Levin. The firm was a charter member of Volunteers of Legal Service, Inc, and through its partnership with the organization, Kramer pledges a minimum of 30 hours each year per lawyer. That’s more than 11,000 hours in case you lost count. In addition, Kramer Levin is a signatory of the Law Firm Pro Bono Challenge through the Pro Bono Institute.
News & Awards
Kramer Levin established the Racial Justice Initiative. This important initiative, which is led by the firm’s Pro Bono Committee, was developed to pursue pro bono opportunities focused on racial injustice and inequality, including criminal justice reform, which has been a long-standing focus of the firm’s pro bono work.
On January 1, 2020, Paul Schoeman and Howard Spilko became co-managing partners of the firm following the retirement of Paul Pearlman, who had led the firm as managing partner since August 2000.
Kramer Levin announced the election of four new partners: Hannah Lee (Patent Litigation), Claudia Pak (Commercial Litigation), Rachael Ringer (Bankruptcy & Restructuring) and Josh Winefsky (Real Estate).
Kramer Levin completed a two-year renovation of its offices at 1177 Avenue of the Americas. The new space features glass-walled offices that allow more natural light into the interior of the space, electric sit-stand desks, informal collaborative meeting spaces, state-of-the-art video and audio technology, and an expanded cafeteria.
- Won a landmark case in the Puerto Rico bankruptcy when the U.S. Court of Appeals upheld the right of Kramer Levin’s bondholder clients to seek a receiver for the Puerto Rico Electric Power Authority.
- Represented BlackRock Inc. in its $1.3 billion acquisition of eFront.
- Represented The Walt Disney Co. in its $650 million acquisition of the rights to 4 Hudson Square for 99 years and the $1.2 billion sale of its ABC campus on the Upper West Side to Silverstein Properties.
- Representing The Procter & Gamble Company against railroads alleging violations of federal antitrust laws.
- Rising Star (Rachael Ringer), 2020 – Law360
- Women in Real Estate (Julia L. Wachter, Meigan P. Serle), 2020 – New York Real Estate Journal
- NYC Dealmaker of the Year, Middle Market M&A (Howard T. Spilko), 2020—The Deal
- Diversity Trailblazer (Kenneth Chin), 2020— New York State Bar Association
- Law Firm Award for Pro Bono, 2020—Her Justice
1177 Avenue of Americas
New York, NY 10036
Phone: (212) 715-9100
Managing Partners: Paul H. Schoeman and Howard T. Spilko
Hiring Partner: Kerri Ann Law
Total No. Attorneys 2020:
250 - 500
New York, NY
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
9th year+: $350,000
Summer associate: $3,700/week
Director of Legal Recruiting & Diversity
No. of U.S. Offices: 2
No. of International Offices: 1
New York, NY (HQ)
Silicon Valley, CA I Paris
Banking & Finance
Bankruptcy & Restructuring
Cybersecurity, Privacy, & Data Protection
Executive Compensation & Employee Benefits
EU Competition & Trade Law
Insurance & Reinsurance
Mergers & Acquisitions
Real Estate, Land Use & Environmental
Securitization & Derivatives
*See firm website for complete list of practice areas and industries.