Fried Frank loses corporate star ahead of Ashursts vote

Fried Frank Harris Shriver & Jacobson has been hit with the departure of one of its most senior partners, just as the firm prepares to finally vote on its merger with Ashurst Morris Crisp.
Corporate partner Stephen Fraidin is leaving Fried Frank after 40 years to join Kirkland & Ellis’ New York office.
Fraidin informed Valerie Ford Jacob and Paul Reinstein, co-managing partners at Fried Frank, of his intention to leave yesterday (14th April). His departure is effective immediately.
It is not clear if Fraidin’s departure is connected to the upcoming merger with Ashursts.
As one of Fried Frank’s most senior partners who, along with an elite group of seven partners, was paid at the very pinnacle of the firm’s remuneration system, Fraidin would have held more than a little sway in its future strategy.