Schulte Roth & Zabel
Encyclopedia
Schulte Roth & Zabel is an American law firm
and one of the top 100 largest law firms by revenue. The firm was founded in New York City
in 1969 and launched in London
offering American and English law capabilities in 2002. The firm also has an office in Washington, D.C.
The firm employs 450 attorneys in its three offices.
The firm is best known for its well-developed investment management
practice, which focuses on the formation of private investment funds, also called hedge funds. It is also top-ranked in the United States for work in structured products and derivatives
. In the United States, it has also built well-known practices in mergers and acquisitions, business reorganization
, real estate
finance and trusts and estates.
The firm currently represents prominent figures connected to the Madoff investment scandal
. A team of Schulte lawyers is advising J. Ezra Merkin
, the financier and money manager targeted in various civil lawsuits by investors and Irving Picard
, the trustee of Bernand Madoff Investment Securities LLC. The firm also represents the estate of the late philanthropist Jeffrey Picower, who is also the target of various civil suits.
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 clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other...
and one of the top 100 largest law firms by revenue. The firm was founded in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
in 1969 and launched in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
offering American and English law capabilities in 2002. The firm also has an office in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
The firm employs 450 attorneys in its three offices.
The firm is best known for its well-developed investment management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
practice, which focuses on the formation of private investment funds, also called hedge funds. It is also top-ranked in the United States for work in structured products and derivatives
Derivative (finance)
A derivative instrument is a contract between two parties that specifies conditions—in particular, dates and the resulting values of the underlying variables—under which payments, or payoffs, are to be made between the parties.Under U.S...
. In the United States, it has also built well-known practices in mergers and acquisitions, business reorganization
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
finance and trusts and estates.
The firm currently represents prominent figures connected to the Madoff investment scandal
Madoff investment scandal
The Madoff investment scandal broke in December 2008 when former NASDAQ chairman Bernard Madoff admitted that the wealth management arm of his business was an elaborate Ponzi scheme....
. A team of Schulte lawyers is advising J. Ezra Merkin
J. Ezra Merkin
Jacob Ezra Merkin is a former money manager and financier. He was a close business associate of Bernard Madoff, and is alleged to have played a significant part in the Madoff fraud. He served as the Non-executive Chairman of GMAC until his resignation on January 9, 2009, at the insistence of the...
, the financier and money manager targeted in various civil lawsuits by investors and Irving Picard
Irving Picard
Irving H. Picard is a partner in the law firm Baker Hostetler. He graduated from the Wharton School, University of Pennsylvania, with a B.S. degree , from Boston University School of Law with a J.D. degree , and from the New York University School of Law with an LL.M. degree in 1967, and was...
, the trustee of Bernand Madoff Investment Securities LLC. The firm also represents the estate of the late philanthropist Jeffrey Picower, who is also the target of various civil suits.