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At a Glance


“There are good people at every level of the firm.”

“The care they put into training.”

“The compensation.”


“The hours.”

“Niche practice relative to its peer firms.”

“Lack of a central third-party staffer.”

About Schulte Roth & Zabel LLP

Among the New York elite, Schulte Roth & Zabel LLP has defined itself as the go-to firm for hedge funds and their ilk. While this practice focus translates into double-digit profits and aggressive growth during boom years, the firm has grown organically over the years.

Hedging Their Niche

SRZ was founded in 1969 by a group of young BigLaw associates—most from Cleary and Fried Frank—who wanted to escape the traditional BigLaw model. The firm found its place by working in areas that were mostly ignored by the big firms, like trusts and estates and the burgeoning field of hedge fund law, and soon was attracting clients like the Rockefeller and Lehman families. Bill Zabel—who had written the winning brief in landmark Supreme Court case Loving v. Virginia on behalf of the ACLU—focused on estate and tax planning and is still the head of the firm’s Individual Client Services Group today.

Financial Services Focus

Schulte Roth & Zabel today primarily advises clients in the financial services industry, with a particular emphasis on representing investment management firms. Relatively narrow in practice scope by BigLaw standards, SRZ trains its focus on investment management, corporate and transactional matters, and securities litigation—most notably—providing a one-stop shop for all the legal needs of hedge and private equity funds (of which it has counted hundreds as clients over the years). The firm has also enjoyed quite a bit of success in its regulatory and compliance, shareholder activism, and litigation practice areas. But make no mistake—the corporate and securities work still drives the firm, which is evident from the many investment banks, hedge and private equity funds, banks, broker-dealers, investment advisers, venture capitalists, and pension funds the firm counts among its clients.

SRZ represents a high percentage of the brand names of the fund industry, including private equity firm Cerberus—a client since 1990—and investment firms like Blackstone and Centerbridge. Both SRZ’s New York headquarters and its London office have been recognized for their investment management work. The U.K. office came to be largely due to a sharp uptick in European hedge fund activity, and more recently, the DC office was established to provide litigation and securities regulatory capability.

They’re Listening

Schulte respects its associates’ opinions and it shows it in a big way—the Associate Committee holds a “listening tour” each year through which committee members speak with each associate in the firm to understand the broad needs of the firm’s talent. The firm also created a new mentoring program—as a result of associate feedback—which allows associates and special counsel to select a network of mentors and a budget for mentoring activities.

News & Awards



Schulte has the largest practice globally serving alternative investment managers. With a deep bench, the firm has across-the-board expertise in all strategies, including credit and direct lending funds, hedge, private equity, CLOs, specialty finance, long/short equity, global macro, activist, blockchain technology, digital assets, litigation finance, LBO, distressed, real estate and venture. Schulte has the most comprehensive regulatory compliance practice in the asset management space. In the past year, the firm again advised on numerous multibillion-dollar fund launches.


Schulte reconstituted its Market Conditions Working Group from the 2008 global financial crisis. In addition, Schulte lawyers from its Economic Downturn Response Team and LIBOR Transition Team have addressed client concerns and coordinated with regulators and trade groups on the latest governmental and regulatory actions. The lawyers created the COVID-19 Resource Center and the LIBOR Transition Resource Center at, and in a matter of months, the firm published more than 100 Schulte Client Alerts on a range of crisis-related topics.

April 2020

The firm represented JANA Partners in connection with Bloomin’ Brands. JANA holds an approximately 9% stake in Bloomin’ Brands, owner of the Outback Steakhouse chain. As part of the deal, Bloomin’ Brands agreed to install two JANA candidates to the Bloomin’ Brands board of directors.

April 2019

Schulte represented Mack Real Estate Credit Strategies in RFR Holding’s acquisition of properties at 145 and 155 E. 42nd St., the iconic Chrysler Building in New York City. RFR landed financing from Mack Real Estate Credit Strategies. The properties are between 3rd and Lexington Avenues just east of the famous Grand Central Terminal.


• Schulte represented Pantera Capital Management, the first U.S. Bitcoin investment firm and one of the largest institutional owners of cryptocurrencies, on the launch of 10 funds in the fintech sector.
• Schulte advised Albertsons Companies Inc. on its IPO of 50 million shares of its common stock on the NYSE. Valuing Albertsons’ equity at $9.5 billion.
• Schulte advised on the issuance and sale of $1.75 billion in convertible preferred equity of Albertsons Companies to a group of investors led by Apollo Global Management Inc.
• Schulte litigators advised Jeffrey Smith and Starboard Value in a major securities litigation victory concerning Advance Auto Parts.

  • Leading Law Firm, Chambers USA 2020, Chambers Europe 2020, Chambers Global 2020, Chambers UK 2020, Chambers FinTech 2020, Chambers High Net Worth 2020, The Legal 500 US 2020, The Legal 500 UK 2020
  • The Deal Awards’ Private Equity Deal of the Year and Activist Campaign of the Year, 2019
  • Benchmark Litigation: The Definitive Guide to the Market’s Leading Litigation Firms and Lawyers, 2020
  • Real Estate Forum’s Financial Influencers, 2019
  • Crain’s New York Business’ Notable Women in Law, 2019

Why Work Here

Schulte Roth & Zabel LLP

919 Third Avenue
New York, NY 10022
Phone: (212) 756-2000

Firm Stats

• Co-Managing Partners: David J. Efron & Marc E. Elovitz
Hiring Partners: William H. Gussman, Taleah E. Jennings, and Jason S. Kaplan
Total No. Attorneys 2020:
250 - 500
No. of Partners Named 2020:
Billable-Hour Requirement:

Base Salary

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: $3,654/week

Employment Contact

Alissa K. Golden
Director of Professional Development and Recruiting
(212) 610-7185

No. of U.S. Offices: 2

No. of International Offices: 1

Major Office Locations

New York, NY (HQ)
Washington, DC

Major Departments

Bank Regulatory
Blockchain Technology & Digital Assets
Broker-Dealer Regulatory & Enforcement
Business Reorganization
Cybersecurity & Data Privacy
Distressed Investing
Employment & Employee Benefits
Finance & Derivatives
Hedge Funds
Individual Client Services
Intellectual Property, Sourcing & Technology
Investment Management
Litigation Finance
M&A and Securities
Private Equity
Regulatory & Compliance
Shareholder Activism
White Collar Defense & Government Investigations
*See firm website for complete list of practice areas and industries.