Saw a post asking about Fried Frank on Reddit yesterday. Someone mentioned that it isn’t the firm it used to be, and another mentioned that they think it’s a firm that will need to merge with another. Curious if the reputation of the firm is that bad. People on Reddit made it seem like it’s a Shearman or Cadwalader. I thought that even though M&A is struggling there the Funds and Real Estate practices are still very strong.

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Friend works there in PE. Their PE group is barely active.

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What class is your friend? The PE group is very busy right now.

Don't work there but this sounds very wrong to me. They dominate in my practice group and several adjacent ones as well

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I don’t think of them as dominating anything. Their strengths are in real estate and hedge funds, but that’s not enough to be a top firm these days. Those will probably get picked off in time.

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They seem like a Schulte that is more specialized (funds and real estate) which puts them at risk of being picked off or target for merger?

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And by merger I’m talking about two firms who merge for survival, which we’ve seen happen over the last 1-2 years? Honestly don’t understand what A2s point is. Hostile takeover? No lmao

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Those franks aren’t just fried, they’re cooked.

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Some of the rudest humans I’ve ever interacted with are attorneys at FF

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Would you be willing to share more?

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AM is Goldman Sachs. They will tell you in interviews it’s not but everyone is a Goldman service partner. Look at the age of the partners in charge. A shift is coming and they’re trying to prep for it and failing.

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Like with these other firms, they'll be fine till major departures happen. They are certainly being more active than they have been in lateral hiring so they are trying to get out ahead of it, but still not going to go well if big partners start leaving.

I’ve only seen them representing lenders on M&A deals and they’ve been consistently annoying and seem to rack up unnecessary fees, so…

I don’t think that was A5’s point. He’s saying they are creating issues for the sake of running up the bill.

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