Top legal dealmakers

Headcounts are nice, but sales and loans are where the money is at, which is why TRD pored over property records to stack up law firms by the dollar volume of loans and sales (of $1 million-plus) that they handled during the year-long stretch from July 1, 2018, to June 30, 2019.

Overall, TRD found that the top 30 real estate firms handled $24.8 billion worth of buyer-side sales during the year-long stretch and $69.48 billion worth of lender-side loans.

In total, Fried Frank represented a higher dollar volume of buyer-side deals than any other law firm in the city — with about $3.17 billion in transactions for the stretch TRD reviewed. (There’s of course no way to publicly track how much the firm actually made from those deals.)

Gibson Dunn landed the No. 2 spot, handling about $3.12 billion in New York building sales, followed by Greenberg Traurig with about $2.5 billion, Roberts & Holland with $1.37 billion and Loeb & Loeb with $1.23 billion. And in a real estate twofer, Fried Frank also snagged the No. 1 spot on TRD’s loan ranking, handling $7.89 billion in lender-side deals over the year-long period.

NYC Law Firms with the Highest Dollar Volume of Loan Deals

RankFirmTotal $ Volume
1Fried, Frank, Harris, Shriver & Jacobson$7.89B
2Gibson, Dunn & Crutcher$7.41B
3Sidley Austin$6.05B
4Cullen and Dykman$5.16B
6Morrison & Foerster$2.73B
7Warshaw Burstein$2.28B
8King & Spalding$2.27B
9Troutman Sanders$2.20B
10Loeb & Loeb$2.19B
11Emmet, Marvin & Martin$2.14B
12Cassin & Cassin$2.11B
13Katten Muchin Rosenman$2.01B
14Cadwalader, Wickersham & Taft$2.00B
15Riemer & Braunstein$1.99B
16Greenberg Traurig$1.72B
17 (tie)Kelley Drye & Warren$1.35B
17 (tie)Dentons$1.35B
19Cleary Gottlieb Steen & Hamilton$1.32B
20Seyfarth Shaw$1.31B
21Arnold & Porter$1.30B
22Skadden, Arps, Slate, Meagher & Flom$1.26B
23Alston & Bird$1.24B
25Mayer Brown$1.12B

NYC Law Firms with the Highest Dollar Volume of Sales Deals

RankFirmTotal $ Volume
1Fried, Frank, Harris, Shriver & Jacobson$3.17B
2Gibson, Dunn & Crutcher$3.12B
3Greenberg Traurig$2.50B
4Roberts & Holland$1.37B
5Loeb & Loeb$1.23B
6Goodwin Procter$1.07B
7Kasowitz Benson Torres$997.3M
8Kramer Levin Naftalis & Frankel$964.9M
9Meister Seelig & Fein$791.5M
10Paul, Weiss, Rifkind, Wharton & Garrison$622M
11Sidley Austin$618.7M
12Proskauer Rose$614M
13Romer Debbas$590.4M
14Simpson Thacher & Bartlett$535M
15Hunton Andrews Kurth$499.8M
16Herrick, Feinstein$463.9M
17Paul Hastings$445.6M
18Cole Schotz$443.9M
19McDermott Will & Emery$426.2M
20Gerstein Strauss & Rinaldi$422M
21Katsky Korins$416.1M
22Reed Smith$412.8M
23Kaye Scholer$404.9M
24Sandor D. Krauss$393.8M
25Kriss & Feuerstein$392.8M
Source: First published in the October 2019 issue of The Real Deal. TRD analysis of NYC loans and sales that closed between July 1, 2018 and June 30, 2019, and were recorded in ACRIS. Only transactions of $1 million or more were included, and law firms were only credited for deals in which they represented the lender for loans or the buyer for sales. Firms were provided data for confirmation, but not all responded.