Overview

Introduction

 

SRZ attracts associates who are social and hardworking, and the firm is a great fit for those interested in the financial services industry. The firm has a history of taking on high-profile pro bono matters and hasn’t wavered in this commitment. Schulte Roth & Zabel today primarily advises clients in the financial services industry, with a particular emphasis on representing investment management firms. Relatively narrow in practice scope by BigLaw standards, SRZ trains its focus on investment mana...

Firm Stats


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Total No. Attorneys (2021)

250 - 500

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No. of Partners Named (2021)

7

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Featured Rankings

Vault Law 100


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No. of 1st Year Associates Hired (2020)

51


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No. of Summer Associates (2021)

44 total (40 2Ls; 4 1Ls)


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Base Salary

1st year: $202,500

Vault Verdict

Schulte is holistic in its recruiting approach, evaluating candidates on more than just law school and grades—the right personality and ties to New York are important factors. The firm is very social, and even throughout the pandemic, the collegial culture has been maintained from the top down. Associates give the firm kudos for its transparency, which is in part facilitated by frequent town hall meetings. Workload ebbs and flows, but associates are satisfied with the 2,000-hour billable-hour requirement, and they appreciate the firm’s decision to reduce the requirement during the pandemic. Compensation is market with additional targets for higher bonuses, and associates are pleased with their pay. Work is substantive with increasing responsibility as associates progress. Training...

About the Firm

 

Among the New York elite, Schulte Roth & Zabel LLP has defined itself as the go-to firm for hedge funds and their ilk. While this practice focus translates into double-digit profits and aggressive growth during boom years, the firm has grown organically over the years.

Hedging Their Niche

SRZ was founded in 1969 by a group of young BigLaw associates—most from Cleary and Fried Frank—who wanted to escape the traditional BigLaw model. The firm found its place by working in areas that were mostly ignored by the big firms, like trusts and estates and the burgeoning field of hedge fund law, and soon was attracting clients like the Rockefeller and Lehman families. Bill Zabel—who had written the winning brief in landmark Supreme Court case Loving v. V...

Associate Reviews


  • “Extremely social firm if you want it to be, but without pressure to participate if you don't want to. Plenty of interaction during COVID.”
  • “We have plenty of social events—some firmwide, some group specific. My class recently had a wine and cheese tasting event, my group does associate happy hours, and as a firm we've done mixology classes. Day to day, I can ask anyone in my group a question and expect to receive the time and help necessary for me to succeed. Another fun thing I like is our internal instant messaging system. It makes collaboration easy, and is a nice way to chat throughout the day with other associates.”
  • “Lawyers often socialize together. This has obviously changed since the pandemic, but there is an effort to get together and form relationships. Our firm also has a strong culture in social justice. People are collegial and friendly, and reaching out and asking questions are encouraged. No one feels inaccessible or too important.”
  • “With remote work it is more of a challenge, but I haven't felt isolated. There is, of course, less social interaction outside of work because we are remote. The firm has held regular town hall meetings which help to keep the firm camaraderie up. Additionally, we have regular practice group meetings as well as social events for our class year.”

Why Work Here


Diversity at Schulte Roth & Zabel LLP

"SRZ is dedicated to fostering diversity and inclusion in all areas of the firm's operations, from recruitment and retention to promotion and leadership. A diverse group of talented lawyers and staff is vital to the success of our firm. Diversity makes us more creative and effective, bringing together varied perspectives, experiences and backgrounds that result in a stronger workplace and better client service. Leadership Matters SRZ's Diversity & Inclusion Committee drives the firm's diversity initiatives relating to..."

Getting Hired Here


  • “I think we prioritize the character of a person over their grades or resume. Of course, we have a lot of hiring from T14 schools, and we get brilliant attorneys, but it's refreshing that a candidate isn't turned away for a bad grade. Essentially, we are not a pretentious firm, and it's fostered an air of cooperation and candor among associates.”
  • “The most important factors, in my opinion, are grades, journal experience, and personality. The firm tends to recruit from top law schools in New York and outside New York, as well as students with top marks from lower-ranked law schools in New York.”
  • “The firm seems to primarily be seeking people who, in addition to being smart and hardworking, will fit in with the close-knit community of the firm. We are a smaller firm than many others, working primarily from the NY office, so personality is important.”

Perks & Benefits