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IN-DEPTH RESEARCH REPORT
on Kramer Levin Naftalis & Frankel LLP

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

Kramer Levin Naftalis & Frankel LLP

  • Designation: New York
  • Head Count: 320
  • Gross Revenues: $319,000,000
  • Revenue Per Lawyer: $995,000
  • Profits Per Partner: $1,675,000
  • Year Over Year Change: -1

Kramer Levin Naftalis & Frankel is a New York-based law firm ranked 87th on The American Lawyer's 2011 Am Law 100 rankings of firms based on revenue, with $309,500,000 in gross revenue in 2010. With 326 attorneys, the firm placed 132nd on the National Law Journal's 2011 NLJ 250 rankings of firms based on size. Kramer Levin is a general practice firm with expertise in a number of practice areas, including corporate finance, antitrust, employment, litigation, financial institutions and services, and intellectual property law. In addition to its New York headquarters, Kramer Levin has an office in Paris.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 94 -1 Gross revenue
Am Law 200 94 -1 Gross revenue
NLJ 250 133 -1 Lawyer head count
The A-List 34 3 Overall excellence
Pro Bono Scorecard 54 0 Pro-bono commitment
Diversity Scorecard 92 28 Minority head count
Midlevel Associates Survey 61 -18 Job satisfaction
Summer Associates Survey 40 2 Summer programs

In the News

Court Keeps Alive Post Hole Digger Product Liability

Joel Stashenko : New York Law Journal : January 02, 2014

Over the objections of Judge Robert Smith, who derided his colleagues' "soak-the-rich" attitude, a 6-1 Court of Appeals found the seller and distributor of a post hole digger liable for an accident that cost a 16-year-old girl her arm, even though the device's owner admitted removing a safety device.

Insufficient Evidence Linked Mold to Health, Judges Rule

Joel Stashenko : New York Law Journal : January 28, 2014

Wrestling with a question that has gained the attention of other state courts in recent years, a 4-2 Court of Appeals said plaintiff's expert relied on various studies that showed an "association" between health problems and exposure to mold, but did not show either "general" or "specific" causation.

The Am Law 100, the Early Numbers: Elite New York Firms Pull Away

Julie Triedman : The Am Law Daily : January 20, 2014

A year after making only slight financial gains, a group of New York–based firms made up of some of The Am Law 100's most profitable members put even more distance between itself and the rest of the pack in 2013, according to The American Lawyer's reporting.

Kramer Levin Fights Off FAA Attempt to Fine Drone Pilot

Ross Todd : The Litigation Daily : January 07, 2014

In a groundbreaking case concerning the commercial use of drones, Kramer Levin knocked out a $10,000 fine the Federal Aviation Administration had imposed on a drone pilot who remotely flew a 56-inch foam glider to shoot aerial footage for an ad agency.

Movers

: The National Law Journal : January 17, 2014

Gary McConnell joins Eckert Seamans Cherin & Mellott's products liability practice as partner in the Pittsburgh office. Plus more law firm movers in this week's column.

Personal Notes on Lawyers

: New York Law Journal : January 10, 2014

Philip Weingold has joined Greenberg Traurig as a shareholder, Venable has added litigators Patrick Boyle and Jessie Beeber as partners, and several firms announce promotions.

On the Move

: The Recorder : January 04, 2014

New hires, promotions, appointments and awards in-house, at firms, and in government and academia.

State Bar Annual Meeting

: New York Law Journal : January 03, 2014

A list of the awards presented or announced by the New York State Bar Association during the group's annual meeting Jan. 27-31 at the Hilton New York.

The Churn: Dechert and MoFo's Revolving Door, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 28, 2014

Morrison & Foerster hires the Justice Department's top Foreign Corrupt Practices Act enforcer Charles Duross, while Dechert's white-collar and securities litigation cochair Benjamin Rosenberg is poised to leave his firm to become the New York County District Attorney's Office's next general counsel. Meanwhile, a Paul Weiss litigation partner is headed for the nonprofit sector. .

Fee Tracker: Apple's Bromwich Battle and More

Brian Baxter : The Am Law Daily : January 22, 2014

The Am Law Daily tallies how much Am Law 200 firms are earning on a variety of engagements, from a Goodwin Procter partner serving as Apple's court-appointed monitor to Robins Kaplan's representation in a card-swipe class action to a Winston & Strawn partner's move in-house with a longtime client.

Standing to Enforce Restrictions on Use of Charitable Gifts

John C. Novogrod and Annie L. Mehlman : New York Law Journal : January 21, 2014

Kramer Levin Naftalis & Frankel's John C. Novogrod and Annie L. Mehlman write: As donors become more charitably minded and make larger, more significant contributions, they desire greater control over the administration of their gifts. Unfortunately, both common law and New York statutory law impede donor enforcement of the terms of their charitable gifts, traditionally providing standing only to the state attorney general.

Trusts & Estates

: New York Law Journal : January 21, 2014

In this Special Report from the New York Law Journal, : "Top 10 Developments, Lessons and Reminders of 2013," "Standing to Enforce Restrictions on Use of Charitable Gifts," "Making Disclaimer Work for Minors," "Revocable Inter-Vivos Trusts," "Automatic Allocation of GST Exemption: Traps for the Unwary" and "'Brewer' Raises New Issues Regarding Estate Distribution."

Insurance Industry Deals a Boon to Big Firms

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

A dozen Am Law 100 firms have grabbed roles on a series of transactions announced since the start of 2014 involving the insurance industry, where consolidation in the sector this year could could produce a bevy of business for transactional lawyers.

The American Lawyer's Newsmakers of 2013

Ross Todd, Hillary Flynn, and Emily Barker : The American Lawyer : January 31, 2013

A slew of lawyers found themselves in new, sometimes unexpected roles in 2013—and made news while doing so.

The American Lawyer's Newsmakers of 2013

Ross Todd, Hillary Flynn, and Emily Barker : The American Lawyer : January 30, 2013

Change is good—at least that's what wew're told. Last year was a good one to test this proposition, as a slew of lawyers found themselves in new, sometimes unexpected roles—and made news while doing so.

Am Law 100 Firms Snap Up Red Lobster Work

Brian Baxter : The Am Law Daily : January 23, 2013

Kramer Levin, Latham & Watkins, and Wachtell, Lipton, Rosen & Katz are advising on a battle between activist hedge funds and the management of Darden Restaurants, owner of the Red Lobster, Oliver Garden and Capital Grille brands. While Darden announced last week its plans to spin off the Red Lobster chain, some investors want a complete breakup of the company.

Edwards Wildman Helps Google Get Into Robots

Brian Baxter : The Am Law Daily : January 17, 2013

Military robotics manufacturer Boston Dynamics tapped Edwards Wildman Palmer for counsel this week on its sale to Google for an undisclosed sum. The deal has the Internet, and even some late-night comedians, buzzing.

Former Troutman Sanders Lawyer Pleads to Perjury Charge

Andrew Keshner : New York Law Journal : January 12, 2013

Leonard Grunstein, a former Troutman Sanders partner who resigned from the bar in 2012, pleaded guilty Wednesday to third-degree perjury.

Kramer Levin Hops on $1.1 Billion Railcar Leasing Deal

Tom Huddleston Jr. : The Am Law Daily : January 12, 2013

Tokyo's Sumitomo Mitsui Banking Corporation is acquiring Flagship Rail Services, a Chicago-based railcar leasing business, from an arm of investment firm Perella Weinberg Partners. Perella Weinberg is represented by Kramer Levin Naftalis & Frankel.

Ex-Troutman Real Estate Head Admits to Perjury

Brian Baxter : The Am Law Daily : January 11, 2013

Leonard Grunstein, a prominent New York real estate lawyer and former Troutman Sanders partner, pleaded guilty Wednesday to a misdemeanor charge of lying under oath during a civil deposition taken amid a lengthy legal fight over a portfolio of nursing homes.

Three Firms Advise as SAC Unloads Reinsurance Arm

Brian Baxter : The Am Law Daily : January 10, 2013

A month after agreeing to a $1.8 billion settlement on insider trading charges, hedge fund billionaire Steven Cohen's SAC Capital Advisors has agreed to sell its SAC Re reinsurance arm to Hamilton Reinsurance Group for a reported $500 million to $1 billion.

MOVERS

: The National Law Journal : January 02, 2013

Maya Melnikas joins King & Spalding's financial-institutions practice as partner in the Moscow office. Plus more law firm movers in this week's column.

Ready for Something Else

: Corporate Counsel : January 01, 2013

A law firm leader, secure in his post, decides to take a job in-house; and other Moves.

Deals & Suits

: Corporate Counsel : January 01, 2013

Courts Must Warn of Plea Deportation Result

Joel Stashenko : New York Law Journal : January 20, 2013

Trial judges must caution non-citizen defendants that they may be deported before allowing them to plead guilty to a felony, the Court of Appeals has ruled, overturning its 1995 precedent.

Keeping Families Together

Rick Kopstein, Photographer : New York Law Journal : January 15, 2013

Peggy Farber, an associate at Kramer Levin Naftalis & Frankel, was honored by the Brooklyn Family Defense Practice for her commitment to social justice and dedication to the group's mission of keeping families together.

Realty Law Digest

Scott E. Mollen : New York Law Journal : January 13, 2013

Scott E. Mollen, a partner at Herrick, Feinstein and an adjunct professor at St. John's University School of Law, reviews one litigation case involving the renovation by a defendant developer of a hotel where the plaintiffs sought rescission of their purchase agreement, and another involving the landlord of a commercial property who commenced a non-payment proceeding against a respondent doctor/tenant.

Tourre Defender Sean Coffey to Join Kramer Levin

Sara Randazzo : The Am Law Daily : January 13, 2013

John "Sean" Coffey, the former securities class action heavyweight, litigation funder and New York attorney general hopeful, is joining Kramer Levin Naftalis & Frankel as a partner in December. Most recently, Coffey worked on the defense team of ex–Goldman Sachs bond trader Fabrice Torre, who was found liable in August of civil securities fraud.

$34M Infosys Settlement Highlights Visa Pitfalls

Rebekah Mintzer : Corporate Counsel : January 01, 2013

Infosys, a top Indian technology outsourcing company, announced that it will pay a record $34 million to settle claims that it committed visa fraud and abuse. The big bucks involved should help spotlight immigration visa issues that many U.S. companies face.

$34M Infosys Settlement Highlights Visa Pitfalls

Rebekah Mintzer : The Asian Lawyer : January 01, 2013

The Indian technology outsourcing company will pay a record amount to settle claims that it committed visa fraud and abuse. The big bucks involved should help spotlight immigration visa issues that many U.S. companies face.

Milton Mollen

Gary Naftalis : New York Law Journal : January 30, 2013

Gary Naftalis writes: Self-effacing, never one to claim the limelight, Milt has spent a lifetime in public service delivering even-handed justice and sound, candid and utterly discreet counsel to our state and city's most prominent.

Age Amendment Backers Collect Another $144,630

Joel Stashenko : New York Law Journal : January 28, 2013

The latest contributions bring to just over $510,000 the amount raised by Justice for All 2013 since its formation more than a month ago.