Kasowitz, Benson, Torres & Friedman Law Firm Profile

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Kasowitz, Benson, Torres & Friedman LLP

  • Designation: New York
  • Head Count: 372
  • Gross Revenues: $229,500,000
  • Revenue Per Lawyer: $615,000
  • Profits Per Partner: $1,450,000
  • Year Over Year Change: -6

Kasowitz, Benson, Torres & Friedman is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Kasowitz, Benson, Torres & Friedman has 372 attorneys and is the 117th largest firm in the United States.  With $229,500,000 in gross revenue in 2013, the firm placed 130th on The American Lawyer's 2014 Am Law 200 ranking.  The firm has offices in CA, DC, FL, GA, NJ, NY and TX.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 NR N/A Gross revenue
Am Law 200 130 -6 Gross revenue
NLJ 250 117 3 Lawyer head count
The A-List NR N/A Overall excellence
Pro Bono Scorecard 97 21 Pro-bono commitment
Diversity Scorecard 37 -4 Minority head count
Midlevel Associates Survey NR N/A Job satisfaction
Summer Associates Survey 47 -32 Summer programs

In the News

Smoker With Sickness Awarded $7.5 Million

: VerdictSearch : January 13, 2014

Commercial Litigation

: New York Law Journal : January 11, 2014

In this Special Report from the New York Law Journal : "The Future of Channel Bundling: Full Course Option, or TV à la Carte?," "Overcoming Confusion for Franchisors," "The Bankruptcy Automatic Stay: A Guide for Commercial Litigators" and "Shifting Sands: Practical Advice on Delaware Fee-Shifting Bylaws."

Goldman Mulls Deal as Banks Suffer New Blow in FHFA Cases

Jan Wolfe : The Litigation Daily : January 28, 2014

With trial approaching for Goldman, RBS, HSBC and Nomura, a judge rejected the argument that Fannie Mae and Freddie Mac knew they were being misled about billions of dollars in residential mortgage-backed securities they purchased before the financial crisis.

Judge Upholds Corporate Veil in Home Construction Case

Brendan Pierson : New York Law Journal : January 24, 2014

A Suffolk judge has refused to pierce the corporate veil against the principal of a construction company to enforce a $2.2 million judgment over a failed project, ruling that the plaintiffs failed to show that the principal misused the corporate form and deliberately dissipated the company's assets.

Discovery: The Next Phase of RMBS Gridlock

Suevon Lee : Commercial Litigation Insider : January 23, 2014

In back to back discovery rulings last week, Manhattan Justice Shirley Kornreich put a lid on how much information plaintiffs could obtain from Credit Suisse and Goldman Sachs about their roles structuring residential mortgage loan securities in the run-up to the financial crisis.

Lloyd's Can't Duck Claims Over MBIA Restructuring Fight

David Bario : The Litigation Daily : January 17, 2014

After toiling through four years of litigation related to MBIA Inc.'s 2009 restructuring, the bond insurer's lawyers at Kasowitz Benson won a ruling this week that puts Lloyd's of London and other underwriters on the hook for a hefty portion of MBIA's defense tab.

Big Tobacco Trumps Plaintiffs Bar By Using Technicality In Offer Of Judgment

Noreen Marcus : Daily Business Review : January 07, 2014

Douglas Eaton, who handles appeals for tobacco plaintiffs at Eaton and Wolk, said Big Tobacco defense lawyers are extremely skilled and "will find any hypertechnical flaw."

Big Tobacco Trumps Plaintiffs Bar By Using This Technicality

Noreen Marcus : Daily Business Review : January 07, 2014

Douglas Eaton, who handles appeals for tobacco plaintiffs at Eaton and Wolk, said Big Tobacco defense lawyers are extremely skilled and "will find any hypertechnical flaw."

Nomura Breach Claim in RMBS Suit Not Time-Barred, Judge Finds

Suevon Lee : Commercial Litigation Insider : January 30, 2014

Another loan repurchase action involving $254 million in residential mortgage-backed securities sailed through the pleadings stage after a Manhattan Commercial Division judge denied dismissal of most claims in a recent decision.

Family Recovers $60,000 For Lung Cancer Death

: Daily Business Review : January 25, 2014

Banks Cite Superfund Ruling in New Bid to Beat FHFA Claims

Jan Wolfe : The Litigation Daily : January 23, 2014

Three hold-out banks that have refused to settle with the FHFA—Nomura, HSBC and Goldman Sachs—rehashed old arguments to defeat claims that they misled Fannie Mae and Freddie Mac about the riskiness of billions of dollars in securities backed by home loans.

Smoker's Family Awarded $5.3 Million

VerdictSearch : Daily Business Review : January 11, 2014

Family of smoker awarded $5.3 million

: VerdictSearch : January 04, 2014

The 2014 Am Law 200: Our Exclusive Report

: The American Lawyer : January 29, 2014

A year after going on a hiring binge, Am Law Second Hundred firms were left to tally up whether gambling on growth had paid off. In many instances, the answer was 'no.'

Am Law Second Hundred Firms of Note: Kasowitz Benson

Jan Wolfe : The American Lawyer : January 29, 2014

As suits stemming from the financial crisis end, the New York firm's profits fall.

Tobacco maker not liable for smoker's ills

: VerdictSearch : January 28, 2014

The Churn: Patton, Squire Make Hires, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 16, 2014

Squire Sanders and Patton Boggs add lawyers as their merger talks move toward a resolution, Troutman opens in Charlotte and bankruptcy boutiques get busy.

Man who argued cigarettes gave him lung cancer gets $59,400

: Daily Business Review : January 14, 2014

Disclaimers Do Not Shield CDO Sellers From Liability, Panel Says

Brendan Pierson : New York Law Journal : January 12, 2014

Justice Dianne Renwick, writing for the First Department panel, acknowledged that disclaimers such as the ones in the CDO deals at issue often bar fraud claims. "But there is a limit to the efficacy of those disclaimers, as this case aptly demonstrates," she said.

Disclaimers Do Not Shield CDO Sellers From Liability, Panel Says

Brendan Pierson : New York Law Journal : January 09, 2014

Justice Dianne Renwick, writing for the First Department panel, acknowledged that disclaimers such as the ones in the CDO deals at issue often bar fraud claims. "But there is a limit to the efficacy of those disclaimers, as this case aptly demonstrates," she said.

Howrey Trustee Racks Up Deals With Ex-Partners, Firms

Julie Triedman : The Am Law Daily : January 07, 2014

Allan Diamond raises more than $5 million by reaching settlements with four firms and 60 former partners.

Kasowitz Gets Green Light to Challenge Goldman's ABACUS Win

Jan Wolfe : The Litigation Daily : January 02, 2014

A year after dismissing the case, an intermediate appeals court in New York has agreed to let ACA Financial Guaranty Corp take its long-running fraud case against Goldman Sachs & Co. to the state's highest court.

Marketplace

Monica Paquette : New York Law Journal : January 30, 2014

In a string of new leases, several investment companies will join the roster at Boston Properties, 250 W. 55th St., at Eighth Avenue. Also, media group Thomson Reuters, headquartered at 3 Times Square, has signed an expansion lease with at Waterfront Corporate Center II in Hoboken, N.J.

Jenner & Block: Squeezed by the Sequester

Susan Beck : The American Lawyer : January 28, 2014

A slowdown in government spending takes its toll on the firm's profits per partner.

Sharp Drop in Dickstein Net Income

Katelyn Polantz : The National Law Journal : January 21, 2014

Dickstein Shapiro faced its worst year in more than a decade after contingency cases didn't pull in income and the firm restructured, chairman James Kelly said in an interview. He called 2013 an "investment year."

IN BRIEF: Apartheid Liability

: The National Law Journal : January 21, 2014

A federal judge ruled on April 17 that victims of South African apartheid can seek compensation from three Fortune 100 companies under the Alien Tort Statute, directly contradicting a U.S. Court of Appeals for the Second Circuit ruling in another case implicating that law. Plus more from NLJ.com and other ALM publications.

On the Move: Towey Joins Sedgwick as Partner

: New Jersey Law Journal : January 19, 2014

New hires for Sedgwick, Parker McCay, and more N.J. firms.

Marketplace

Monica Paquette : New York Law Journal : January 16, 2014

The Kaufman Organization, in a new joint venture with Principal Real Estate Investors, has signed a 99-year net lease with Extell Development Company to redevelop four vacant Manhattan commercial buildings in Midtown South.

Profit Pressure Prompting Firm Leaders to Swing Ax

Julie Triedman : The Am Law Daily : January 15, 2014

Six Am Law 200 firms have now confirmed layoffs of staffers this year.