Kasowitz, Benson, Torres & Friedman Law Firm Profile

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

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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

The Crime-Fraud Exception to Attorney-Client Privilege

Hayes Hunt and Michael P. Zabel : The Legal Intelligencer : December 17, 2014

The crime-fraud exception to attorney-client privilege: As an attorney, you may not anticipate it applying to your emails, your letters or your advice to your client. But even if you never see it coming, your client's intentions in obtaining legal advice may expose your communications to disclosure. A law firm is experiencing this problem firsthand in a series of high-profile cases involving Facebook, Mark Zuckerberg and a former business partner. The cases present an interesting study in how the crime-fraud exception can operate.

$20M Accounting Malpractice Case Overshadows Asset Merger

Amaris Elliott-Engel : Commercial Litigation Insider : December 16, 2014

A religious charity's efforts to attach $20 million in assets from Rothstein Kass, a New Jersey accounting firm recently acquired by KMPG, got a boost last week when a Manhattan judge ordered a hearing on why the firm's assets should not be attached.

Penn State's Legal Fees Rack Up While Controversy Winds Down

Nell Gluckman : The Am Law Daily : December 08, 2014

As UVA comes under fire for failing to investigate reports of sexual assault on campus, Penn State is trying to wind down a controversy of its own. DLA Piper released its ninth quarterly report on athletic integrity at the university, giving it a positive review of its progress. Meanwhile, firms such as Reed Smith, Saul Ewing, Duane Morris, Jenner & Block, along with DLA, will collect some of the $56 million—perhaps more—that Penn State now owes in legal and other fees.

Big Suits

: The American Lawyer : December 01, 2014

U.S. ex rel. Harman v. Trinity Industries; Mobil v. Bolivarian Republic of Venezuela; Facebook v. DLA Piper; Masimo v. Philips Electronics

Gibson Dunn Goes Beachcombing

Susan Beck : The American Lawyer : December 01, 2014

The firm wields its Chevron-Ecuador discovery tactics in a battle over Bahamas real estate.

Am Law Trio Reaps Rewards From Record REIT IPO

Brian Baxter : The Am Law Daily : November 20, 2014

Goodwin Procter, Hogan Lovells and Willkie Farr & Gallagher grabbed roles this week on a $2.29 billion initial public offering for Paramount Group, the largest-ever public listing for a real estate investment trust.

Bank of America Faces $1.7 Bil. in Mortgage Liability After Ruling

Amaris Elliott-Engel : Commercial Litigation Insider : November 14, 2014

Bank of America will continue to face over $1.7 billion in liability for more than 4,000 residential mortgage-backed securities that were originated by Countrywide Financial Corp. after a Manhattan Commercial Division ruling Thursday.

Internal Investigations

: New York Law Journal : November 10, 2014

In this Special Report from the New York Law Journal, brought to you free by : "Special Considerations and Challenges in Data Security Investigations," "Separate Representation for Employees in Investigations: A Delicate Line," "Health Care Fraud: First, Do No Harm," "Protecting Consultants' Work Product in Investigations," and "Enforcement Trends Change the Dynamics of Investigations."

Jury: Smoker Wasn't Member of Engle Class

: VerdictSearch : October 29, 2014

Judge OKs NY Discovery in Billionaires' Beachfront Brawl

Susan Beck : The Litigation Daily : October 29, 2014

Never underestimate how hard the rich—in this case a hedge fund founder and a clothing magnate—will fight over oceanfront property.

Facebook Sues DLA, Milberg, Former NY AG Over Ceglia Case

David Bario : The Litigation Daily : October 20, 2014

The lawsuit, filed by lawyers at Kellogg Huber, alleges that leading partners at DLA Piper, Milberg and other firms knew or should have known that Paul Ceglia forged the contract at the heart of his highly publicized ownership case against Facebook.

Judge Bars Firm from Pursuing Breach of Contract Claim

Christine Simmons : New York Law Journal : October 14, 2014

Kasowitz, Benson, Torres & Friedman cannot pursue a breach of contract claim for $2.3 million in legal fees against a former client's company, a judge has ruled.

On the Move: McGuireWoods Adds Three Partners

Meredith Hobbs : Daily Report : October 08, 2014

McGuireWoods has added three partners in the past month—most recently tax lawyer Gerald Thomas II from Morris Manning & Martin this week.

Head Count Moves in Opposite Extremes at Patton Boggs, Stinson Leonard

Brian Baxter : The Am Law Daily : October 08, 2014

Legacy firm Patton Boggs, along with Kenyon & Kenyon, McKenna Long & Aldridge, Bingham McCutchen and Dickstein Shapiro, were the Am Law 200 firms that saw their attorney head counts drop the most over the past 12 months, according to data compiled by ALM's RivalEdge. A handful of Am Law 200 firms saw double-digit percentage increases, including Stinson Leonard Street, mostly as a result of mergers.

IMO Industries Inc. v. Transamerica Corporation

: New Jersey Law Journal : October 08, 2014

Final Judgment Setting Insurance Coverage for Asbestos Claims Affirmed

King & Spalding Raids Bingham in London, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 07, 2014

Bingham McCutchen has one partner left in London following the departure of a restructuring specialist for King & Spalding, which lost the founder of its London office to General Electric. Meanwhile, Schiff Hardin heads to Dallas, along with other notable moves from throughout The Am Law 200.

Q&A: Howard L. Bressler

Jeff Storey : New York Law Journal : October 03, 2014

Attorney Howard L. Bressler writes that in the summer of 2000, "life was good. Life was good." Then he was diagnosed with cancer. Bressler, a special counsel at Kasowitz Benson, says that he refused to be defined by his illness. Lawyerlike, he began to research his life-threatening condition and strategies to beat it, which he writes about in "The Layman's Guide to Surviving Cancer: From Diagnosis Through Treatment and Beyond."

Court Rules in $1.85 Bil. Asbestos Coverage Dispute

Mary Pat Gallagher : New Jersey Law Journal : September 30, 2014

Long-running litigation between a company that sued more than 50 of its insurance carriers over $1.85 billion in coverage for asbestos claims culminated on Sept. 30 in a precedential decision by a New Jersey appeals court.

AG Settles With Healthcare Provider Services in Jails

Joel Stashenko : New York Law Journal : September 29, 2014

A private healthcare provider will pay $440,000 in restitution to two counties under a settlement with New York state officials over its alleged failure to provide contracted-for medical services to jail inmates.

A Bank, a Bankruptcy, and the World of Shariah Law

Chris Johnson : The American Lawyer : September 29, 2014

The Chapter 11 restructuring of Bahrain-based Arcapita Bank, led by Gibson Dunn, saw U.S. bankruptcy courts faced for the first time with the world of Shariah law.

Designer Shoe Founders Prevail on $1.8M Wages Claim

Suevon Lee : Commercial Litigation Insider : September 24, 2014

The founders of a designer women's footwear line are entitled to more than $1.8 million in back pay after a Manhattan state judge found they were fired without cause by a manufacturer who purchased a majority stake in their business eight years ago.

Schlesinger Team Scores $3.1 Million Tobacco Win

Adolfo Pesquera : Daily Business Review : September 24, 2014

Attorneys Steven J. Hammer, Jonathan Gdanski and Scott P. Schlesinger still got a survival claim despite the jury finding smoking-related diseases did not cause their client's death.

Dentons' New LatAm CEO Eyes Mergers, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : September 17, 2014

Jorge Alers, a former head of the Latin American practice at two Am Law 100 firms and most recently general counsel for the Inter-American Development Bank, is on the lookout for potential combinations as the new CEO of Dentons' Latin American and Caribbean group. The Am Law Daily takes an in-house focused look at the latest round of notable hires from throughout The Am Law 200.

In the Home Stretch, FHFA Inks $550M Deal With HSBC

Jan Wolfe : The Litigation Daily : September 12, 2014

Like more than a dozen bank defendants before it, HSBC on Friday reached a megabucks settlement to end its mortgage-backed securities fight with Fannie and Freddie's conservator.

Eleventh Circuit Blasts Lawyer, Tosses Florida Smoker Suits

Jan Wolfe : The Litigation Daily : September 10, 2014

"Any lawyer worth his salt knows a dead person cannot maintain a personal injury action," an appellate panel wrote in throwing out hundreds of defective personal injury cases brought by Florida lawyer Norwood Wilner.

Marketplace

Monica Paquette : New York Law Journal : September 10, 2014

The Neiman Marcus Group Inc. has signed a lease for 250,000 square feet for the creation of a three-level Neiman Marcus anchor store at The Shops of Hudson Yards, a 1-million-square-foot retail center under construction on Manhattan's far West Side.

Panel Upholds Breach Claim Over Football Club Debt

Suevon Lee : New York Law Journal : September 09, 2014

An investment fund that served as a creditor to former owners of the Liverpool Football Club avoided being outscored by its opponent last week when an appellate panel found that it properly alleged a $70 million breach of contract claim against the competing lender that provided additional loan financing.

Panel Upholds Contract Breach Claim Over Football Club Debt

Suevon Lee : Commercial Litigation Insider : September 05, 2014

An investment fund that served as a creditor to former owners of the Liverpool Football Club avoided being outscored by its opponent Thursday when an appellate panel held it properly alleged a $70 million breach of contract claim against the competing lender that provided additional loan financing.

Defunct Firm Must Continue Paying Office Sublease

Christine Simmons and Joel Stashenko : New York Law Journal : September 03, 2014

Partially reversing a lower court, a state appeals panel has ruled that dissolved law firm Arkin Kaplan Rice is still responsible for its office sublease.

Banks Beat FDIC Suit Over Mortgage-Backed Securities

Jan Wolfe : The Litigation Daily : September 02, 2014

Adopting an argument that other courts have rejected, a federal judge in Manhattan ruled that the FDIC waited too long to sue Deutsche Bank, Royal Bank of Scotland, Credit Suisse and other banks that sold mortgage-backed securities.