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IN-DEPTH RESEARCH REPORT
on Kasowitz, Benson, Torres & Friedman LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

Kasowitz, Benson, Torres & Friedman LLP

  • Designation: New York
  • Head Count: 355
  • Gross Revenues: $240,500,000
  • Revenue Per Lawyer: $680,000
  • Profits Per Partner: $1,670,000
  • Year Over Year Change: -4

Kasowitz, Benson, Torres & Friedman is a New York-based law firm with 7 offices across the U.S. With $245,500,000 in gross revenue in 2010, Kasowitz, Benson, Torres & Friedman ranked 118th in the 2011 edition of The American Lawyer's Am Law 200. The firm has grown to more than 355 attorneys, and according to the National Law Journal's 2012 NLJ 350 rankings of firms by size, Kasowitz was listed as the 121st largest firm in the U.S. In addition to its New York headquarters, the firm has offices in Houston, Atlanta, Miami, San Francisco, Silicon Valley, and Newark. The firm is focused on all types of commercial litigation: Antitrust Litigation, Complex Financial Products Litigation, Corporate, Creditors' Rights and Bankruptcy, Employment Practices and Litigation, Environmental Litigation, Financing Litigation, General Commercial Litigation, Insurance Recovery, Intellectual Property Litigation, International Arbitration, Mass Tort and Product Liability, Matrimonial and Family Law, Real Estate Litigation and Transactional, Securities Litigation and White Collar Criminal Defense and Investigations.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 NR N/A Gross revenue
Am Law 200 122 -4 Gross revenue
NLJ 250 121 6 Lawyer head count
The A-List NR N/A Overall excellence
Pro Bono Scorecard 138 14 Pro-bono commitment
Diversity Scorecard 33 -33 Minority head count
Midlevel Associates Survey NR N/A Job satisfaction
Summer Associates Survey 47 -32 Summer programs

In the News

Litigation Funder Now Firm's Adversary in Judgment Dispute

Suevon Lee : Commercial Litigation Insider : January 01, 2014

Partners at a boutique Manhattan law firm allege they were under "extreme duress" when they signed affidavits agreeing to pay more than $1.7 million to a litigation financing company that provided initial funding to the firm to pursue cases.

Litigator of the Week: Orin Snyder of Gibson, Dunn & Crutcher

Jan Wolfe : The Litigation Daily : January 27, 2014

Paul Ceglia claimed in a 2010 lawsuit that Facebook's founder promised him a 50 percent stake in the company. Now Ceglia's fighting criminal fraud charges for bringing the case, and Snyder's relishing a slam-dunk victory.

The Am Law 100, the Early Numbers: Kasowitz Feels Sting as Big Cases End

Jan Wolfe : The Am Law Daily : January 26, 2014

Litigation-focused Kasowitz Benson Torres & Friedman saw its gross revenue fall 8 percent, to $229.5 million, and its profits per equity partner plunge 15 percent, to $1.45 million, according to The American Lawyer's reporting.

Skadden to Settle Fletcher Bankruptcy Case for $4.25 Million

Tom Huddleston Jr. : The Am Law Daily : January 24, 2014

While disputing a court-appointed trustee's claim that it had not "adequately" protected former client Alphonse "Buddy" Fletcher Jr.'s hedge funds and those who invested in them, Skadden, Arps, Slate, Meagher & Flom has agreed to pay $4.25 million to avoid any potential legal claims stemming from the bankruptcy of one of those funds.

The Am Law 100, the Early Numbers: Jenner's Profits Plunge 17 Percent

Susan Beck : The Am Law Daily : January 17, 2014

Jenner & Block had a down year in 2013, with gross revenue off nearly 8 percent, to $357.5 million, and profits per partner plummeting 17 percent, to $1.235 million, according to The American Lawyer's reporting.

Kasowitz Layoffs Tied to End of Credit Crisis Cases

Christine Simmons : New York Law Journal : January 21, 2014

Kasowitz, Benson, Torres & Friedman has laid off about 30 people, including associates, counsel, partners and non-attorney staff, according to a firm attorney close to the situation who said the layoffs were the result of a number of large cases nearing their resolution last year.

The Am Law 100, the Early Numbers: Latham Maintains Peak in Dell's Parting Year

Michael D. Goldhaber : The Am Law Daily : January 19, 2014

Starting the year at an all-time high financially in 2013, Latham & Watkins made modest gains across in the key fiscal categories, growing gross revenue 2.7 percent, profits per partner 2 percent, and revenue per lawyer 1.4 percent, according to The American Lawyer reporting.

New York Sees Growth in Partner Promotions

Christine Simmons : New York Law Journal : January 03, 2014

A survey of New York's largest firms shows a slight uptick in the number of lawyers promoted to partner last year. The number of new partners firmwide at remained almost even from the number in 2012.

Ace II Appeal Brings on Board Legal Heavyweight

Suevon Lee : Commercial Litigation Insider : January 23, 2014

The losing side in Ace II, the Appellate Division, First Department decision that has halted scores of lawsuits seeking to recoup investors' losses from defaulted mortgage loans, has hired one of the most high-profile appellate litigators in the country to argue its case before a higher court.

Hire a Bingham Partner for $220 an Hour!

Vivia Chen : The Careerist : January 16, 2014

Even brand name firms have cheap partners in their stables.

Lieberman Takes Position With Equity Firm

: The Connecticut Law Tribune : January 10, 2014

Last summer, former Connecticut U.S. Senator Joseph Lieberman, after finishing up 24 years in the Senate, took a job with the New York law firm of Kasowitz Benson Torres & Friedman. His niche is helping clients navigate the nuances of the federal government and its regulations.

Judges Dismiss RMBS Suits as Untimely in Wake of Ace Ruling

Suevon Lee : Commercial Litigation Insider : January 08, 2014

At least two lawsuits involving defective residential mortgage loans that were later securitized and sold to investors have been tossed out in the wake of a recent appellate decision narrowing the time frame in which suits can be brought against financial sponsors.

Insurer Is Ordered to Pay School's Investigation Costs

Joel Stashenko : New York Law Journal : January 06, 2014

An appeals court has found that Syracuse University's insurer must cover the school's costs of answering subpoenas during the criminal investigation of sexual molestation charges against former basketball coach Bernie Fine.

For FHFA's Targets, It Paid to Pay Up Quickly

Jan Wolfe : The Litigation Daily : January 03, 2014

Newly released figures support the notion that General Electric Co. and Citigroup Inc. were smart to be the first to settle claims that they duped Fannie Mae and Freddie Mac into buying toxic securities.

After Demand Letter, Google Picks New Patent Fight With Eolas

Scott Graham : The Recorder : January 31, 2013

Deutsche Bank Reaches Pact with FHFA

Jan Wolfe : The Litigation Daily : January 24, 2013

Deutsche Bank SA has become the latest bank to reach a mega-settlement with the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac.

First Department Reverses Kornreich in Ace RMBS Case

Suevon Lee : Commercial Litigation Insider : January 20, 2013

A plaintiff trustee is time-barred from pursuing a repurchase claim against the sponsoring bank of a residential mortgage loan securitization due to the six-year statute of limitations for breach of contract actions, a unanimous Appellate Division, First Department panel ruled Thursday.

Real Estate Roundup: Alston Snags Former Dewey Space

Sara Randazzo : The Am Law Daily : January 20, 2013

As 2013 comes to a close, large law firms are addressing their office needs in cities across the country by either renewing existing leases or signing new ones.

Trustee Claim Against Bank in RMBS Suit Ruled Time-Barred

Suevon Lee : New York Law Journal : January 20, 2013

A plaintiff trustee is time-barred from pursuing a repurchase claim against the sponsoring bank of a residential mortgage loan securitization due to the six-year statute of limitations for breach of contract actions, a unanimous Appellate Division, First Department panel ruled Thursday.

Marketplace

Monica Paquette : New York Law Journal : January 18, 2013

One of New York City's classic hotels, the Park Lane Hotel, at 36 Central Park South, has been sold for $660 million. Also, Brookfield Office Properties Inc. has acquired One North End Ave. in lower Manhattan for $200 million.

Top 10 Hits for a Liability-Free Holiday Party

Brian S. Kaplan and Elisheva M. Hirshman : Corporate Counsel : January 09, 2013

The office holiday party: a chance to kick back, enjoy drinks with your colleagues and, perhaps, get sued. Sing along with these hits and you won't have any trouble.

Alter Ends 30-Year Tenure With Client Protection Fund

Joel Stashenko : New York Law Journal : January 06, 2013

Eleanor Alter, a partner at Kasowitz, Benson, Torres & Friedman, will step down from the board of trustees of the Lawyers' Fund for Client Protection. Former Court of Appeals chief clerk Stuart Cohen has been selected to take her seat.

Vedder Price Adds Bankruptcy Partner in SF

Nathalie Pierrepont : The Recorder : January 05, 2013

Smoker with lung disease awarded $12.5 million

: Daily Business Review : January 05, 2013

Ex-Reporters' Race Bias Claims Against Post Dismissed

Jan Wolfe : The Litigation Daily : January 05, 2013

A federal judge acknowledged that the staffers "endured a raucous work environment" in which supervisors "yelled and cursed at reporters," but said they did not present evidence "that they were treated differently because of their race, much less of severe or pervasive race-based harassment."

Marketplace

Monica Paquette : New York Law Journal : January 04, 2013

Kasowitz, Benson, Torres & Friedman, after considering relocating its headquarters and largest office, has signed a new 20-year lease at 1633 Broadway, where it has been a tenant since 2000. Also, the U.S. Postal Service has signed a 10-year sublease for the street-level retail space of a residential co-op building at 333 E. 14th St.

Appellate Panel Hears Arguments in RMBS Case

Suevon Lee : Commercial Litigation Insider : January 02, 2013

Attorneys litigating a threshold issue on appeal in breach of contract repurchase actions over residential mortgage-backed securities faced a tough line of questioning Wednesday during oral arguments before the Appellate Division, First Department.

Marketplace

Monica Paquette : New York Law Journal : January 27, 2013

Brooklyn Friends School's upper school will be moving to 1 MetroTech Center. The school signed a 20-year lease with Forest City Ratner Companies, a subsidiary of Forest City Enterprises Inc., for nearly 45,000 square feet, covering the first, second and third floors, at the 23-story MetroTech Center building.

Ace Securities RMBS Appeal Heads to First Department

Suevon Lee : Commercial Litigation Insider : January 27, 2013

Back in October 2011, an attorney representing certificate-holders of mortgage-backed securities wrote a letter to a bank trustee, urging him to execute an attached tolling agreement, respond to an outstanding request to deliver certain mortgage files and, if necessary, to initiate litigation against the sponsoring financial institution.

Hedge Funds Face Scrutiny in RMBS Repurchase Suits

Suevon Lee : Commercial Litigation Insider : January 25, 2013

It was a point raised early and often during a recent motion to dismiss hearing on a residential mortgage-backed securities repurchase case, but its significance in the greater context of such litigation is debatable: The role hedge funds play behind the scenes.

Schweitzer Lets Discovery Proceed in DLJ Mortgage Capital Suits

Suevon Lee : Commercial Litigation Insider : January 20, 2013

Discovery will move forward in a pair of lawsuits involving securitization trusts that held troubled residential mortgage loans issued by a Credit Suisse Holdings subsidiary, a Manhattan Supreme Court judge has ruled.

Internal Investigations

: New York Law Journal : January 18, 2013

In this Special Report from the New York Law Journal: "Considerations for Handling Congressional Investigations," "Designing an Effective Global Investigation," "Privilege Protections for Compliance Efforts" and "Multi-Jurisdictional Criminal Investigations Pose Challenges."

Considerations for Handling Congressional Investigations

Joseph I. Lieberman : New York Law Journal : January 18, 2013

Joseph I. Lieberman, senior counsel at Kasowitz, Benson, Torres & Friedman and former U.S. Senator and Attorney General of the State of Connecticut, reflects on some of the lessons drawn from transitioning from law maker to law practitioner, particularly in relation to representing clients before Congressional investigations and in conducting investigations in private practice.

Nomura RMBS Arguments Dwell on Statute of Limitations

Suevon Lee : Commercial Litigation Insider : January 13, 2013

Lawyers representing a subsidiary of a Japanese financial firm which packaged and sold defective mortgage loans to a trustee for securitization urged a Manhattan judge Tuesday to dismiss the “creative” arguments posed by the plaintiff trustee and certificate holders.

Kasowitz Ex-Client Moves Collection Suit to California

Christine Simmons : New York Law Journal : January 12, 2013

Hedge fund manager Alphonse Fletcher said the firm's conduct presents federal questions, citing sections of law for equal rights under the law; conspiracy to interfere with civil rights; and interference, coercion or intimidation.

D.C. MOVES

: The National Law Journal : January 11, 2013

N.Y. Senate GOP Committee Fights Moreland Subpoena

John Caher : New York Law Journal : January 31, 2013

The motion to quash a Moreland Commission subpoena seeking information on the committee's donors and housekeeping account alleges that the subpoena is overbroad, unconstitutional and "tainted by impermissible partisan bias." It is the first direct legal challenge to the panel's authority, but it is unlikely to be the last.

Ex-Editor's Bias Suit Against Post Survives

John Caher : New York Law Journal : January 30, 2013

Southern District Judge Lorna Schofield said Sandra Guzman produced sufficient evidence to suggest the New York Post's assertion that she was fired for legitimate, non-discriminatory reasons is a pretext to cover up its racial and gender discrimination.

To Avoid “Chilling Situation,” Judge Dismisses Novel Counterclaims

Suevon Lee : Commercial Litigation Insider : January 30, 2013

Refusing to arm financial institutions with a “shield or a sword ” that he said could be used against investors, a Manhattan judge halted a novel attempt by a defendant bank to wage a counterattack against a group of entities suing for fraud over its investment in collateral debt obligations built around subprime mortgages.

Personal Notes on Lawyers

: New York Law Journal : January 25, 2013

Kasowitz Benson and White & Case announce promotions, while Morgan Lewis and Norton Rose have each added a partner.

The Churn: Lateral Moves in The Am Law 200

Sara Randazzo : The Am Law Daily : January 25, 2013

Loeb & Loeb gains an advertising specialist; Kilpatrick Townsend & Stockton hires a new pro bono partner; and a longtime Treasury Department lawyer joins Stroock & Stroock & Lavan.

Liggett To Settle Florida Smoker Cases For $110 Million

Adolfo Pesquera : Daily Business Review : January 23, 2013

The cigarette maker Liggett Group, which over time produced the Chesterfield, L&M, Lark and Eve brands, has agreed to settle Florida smoker cases for $110 million, which payments to be made over 15 years.

Firms Fight Howrey Estate on Unfinished Business Claims

Julia Love : The Recorder : January 23, 2013

ON THE MOVE: Atlanta Boutique Lures A Litigator From London

Meredith Hobbs : Daily Report : January 23, 2013

Joseph Gebara has joined Fields, Howell, Athans & McLaughlin as a partner from Markel International in London, the overseas subsidiary of an insurance company, Markel Corp., based in Richmond, Va.

Lawmakers Balk at Subpoenas to 'Quite a Few' Firms

John Caher : New York Law Journal : January 22, 2013

Senator John DeFrancisco, a veteran state lawmaker and practicing attorney whose firm has been subpoenaed by the Moreland Commission, said it is vital for the Legislature to challenge the panel's authority to force lawyers to divulge the names of their clients.

Quinn Emanuel Urquhart & Sullivan

Matthew Huisman : The National Law Journal : January 21, 2013

MOVERS

: The National Law Journal : January 21, 2013

Leisa Lundy joins the Holland & Knight's intellectual property practice group as partner in the New York office. Plus more law firm movers in this week's column.