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At a Glance

Uppers

“I like the people I work with. I have felt welcomed and included from the start.”

“Tons of responsibility early on; meaningful work at a junior level.”

“Commitment to pro bono.”

Downers

“Expectation of availability.”

“The hours can be long.”

“Niche practices.”

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.

COVID-19 Update

SRZ’s top priority throughout the COVID-19 pandemic has been the health and well-being of our people, our families, and our communities. In 2020, SRZ transitioned to a fully virtual interview process, making significant changes to how we recruit law students. We have used this opportunity to greatly expand the number of schools from which we recruit, resulting in a more diverse applicant pool. We are utilizing FloRecruit to add flexibility to the ways we interview and have filmed a variety of videos to share with candidates to help them learn about SRZ and prepare for their meetings with our attorneys. We have maintained our flexible approach throughout our summer program, where we have provided summer associates with the technology to work remotely and accommodated individual needs, and will continue to be flexible to candidate's needs as we move forward.

News & Awards

NOTABLE CASES
  • SRZ’s global Shareholder Activism Group recently represented Engine No. 1 in their historic proxy battle at Exxon Mobil Corp. Pushing a performance and environmental improvement agenda against the oil giant, shareholders elected three director candidates backed by Engine No. 1.
  • SRZ is part of a team of civil and human rights lawyers who have filed a lawsuit demanding the City of Tulsa and other defendants fix the public nuisance they caused by their destruction of Greenwood during the 1921 Tulsa Race Massacre, their continuing failure to rebuild what they destroyed, and their audacity in seeking to reap and, in fact, reaping benefits from their destructive acts.
  • SRZ represented Cerberus Capital Management LP in raising $5.1 billion for the private investment firm’s first global fund dedicated to non-performing loans.
  • SRZ has 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. SRZ also successfully represented Pantera in a dispute with another cryptocurrency investment fund manager. After a week-long hearing, SRZ secured a full victory for Pantera in a case with more than $300 million at issue.
AWARDS & ACCOLADES
  • Leading Law Firm and the only firm with first-tier rankings for its hedge fund practice in the United Kingdom and the United States across all of the major ranking publications—Chambers UKChambers EuropeChambers USAChambers Global, Chambers High Net Worth, The Legal 500 UK, and The Legal 500 US
  • The Definitive Guide to the Market’s Leading Litigation Firms and Lawyers—Benchmark Litigation
  • Best Law Firm: Lending and Securities, 2020—Alt Credit US Awards
  • Best Onshore Law Firm: Start-Ups, 2021—HFM European Services Awards
  • Notable Women in Law, 2021—Crain's New York Business

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 Owen Schmidt
Total No. Attorneys (2021):
250 - 500
No. of Partners Named 2021:
7
Billable-Hour Requirement:
2,000-hour target includes participation in DEI activities, pro bono, writing, recruiting, marketing, and other approved non-billable work.

Base Salary

1st year: $202,500
2nd year: $215,000
3rd year: $240,000
4th year: $275,000
5th year: $305,000
6th year: $330,000
7th year: $350,000
8th year: $365,000
9th year: $375,000
Summer Associate: $3,894/week

Employment Contact

Alissa K. Golden
Director of Professional Development and Recruiting
(212) 610-7185
alissa.golden@srz.com
General Recruiting Email: recruiting@srz.com

No. of U.S. Offices: 2

No. of International Offices: 1

Major Office Locations

New York, NY (HQ)
Washington, DC | London

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
Litigation Finance
M&A and Securities
Private Equity
Regulatory & Compliance
Shareholder Activism
Tax
White Collar Defense & Government Investigations
*See firm website for complete list of practice areas and industries.