Fried Frank poaches 20-lawyer Cadwalader team for financial services group

REUTERS/Toru Hanai
  • Fried Frank hired five partners, 15 other attorneys and 15 business professionals from competitor firm
  • New partners will be based in New York and Washington, D.C.

(Reuters) - Fried, Frank, Harris, Shriver & Jacobson said on Monday that it has hired at least five partners, 15 other attorneys and 15 business professionals from Cadwalader, Wickersham & Taft for its financial services practice.

New partners Ray Shirazi, Steven Lofchie, Dorothy Mehta and Nihal Patel will be based in New York, while partner Jason Schwartz will be based in Washington, D.C., the firm said.

The team will work on transactional and regulatory matters including fund formation, broker-dealer regulation, digital asset and tax, according to Fried Frank.

David Greenwald, chairman of Fried Frank, said the firm has typically focused on the "buy" side of financial matters, but this new team has extensive experience on the "sell" side.

"Some of our largest clients are banks, broker dealers, asset managers," said Greenwald. "I think it's a particularly appealing opportunity to further develop our capabilities to serve those clients, so we're making important investments in financial services."

Greenwald said that the group, which will be fully onboarded in the next few weeks, works with some of the firm's existing clients, but that they are bringing over some new "big financial services" clients.

A spokesperson for Cadwalader said the firm wishes the team well, and said it remains focused on continued growth, including in its transactional practice.

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Chinekwu Osakwe covers legal industry news with a focus on midsize law firms. Reach her at Chinekwu.osakwe@thomsonreuters.com.