Olshan Named Leading Law Firm in Shareholder Activism and Advertising by The Legal 500 US 2023

Press Release

NEW YORK, June 14, 2023 –Olshan Frome Wolosky LLP is pleased to announce the firm has been recognized once again as a Leading Law Firm by the Legal 500 US. The Shareholder Activism Practice has received a Tier One practice ranking, which has been a consistent position since the inception of this practice group. Five of the practice's attorneys also received recognition, with three honored as Leading Lawyers. The Advertising Practice was ranked Tier Three, along with three attorneys in the practice, with one honored as a Leading Lawyer. The rankings are based on feedback from clients, peers and The Legal 500's independent research.

Rankings for Shareholder Activism – advice to shareholders

Leading Lawyers:

  • Steve Wolosky, Partner, Chair Emeritus of the Shareholder Activism and Corporate/Securities Law Practices
  • Andrew Freedman, Co-Managing Partner, Chair of the Shareholder Activism Practice
  • Elizabeth Gonzalez-Sussman, Partner, Vice Chair of the Shareholder Activism Practice

Next Generation Partner:

  • Ryan Nebel, Partner, Vice Chair of the Shareholder Activism Practice

Recommended Lawyer: 

Since its establishment, Olshan Frome Wolosky LLP's Shareholder Activism Practice has consistently been recognized by every prestigious league table and publication that covers shareholder activism.

Providing hands-on, strategic legal services is a priority for the shareholder activism team. One client stated Olshan Frome Wolosky LLP is "quite simply the best and most experienced when it comes to shareholder activism." The practice group is active and advises clients on various activist campaigns. The team engages in cross-border cases, with matters in jurisdictions such as Japan, Ireland, Canada, China and the British Virgin Islands. Three attorneys have been distinguished as Leading Lawyers in this year's ranking. Andrew Freedman, who has been described as "intellectually agile," runs the team alongside the firm’s experienced founding partner Steve Wolosky. Elizabeth Gonzalez-Sussman is known for providing strategic guidance to hedge funds and large investors in shareholder activist situations. Clients have described her as one of the "seasoned lawyers that are practical and knowledgeable about all aspects of a campaign." Kenneth Mantel is another standout attorney who has continuously represented some of the most prominent activists in the field, including Elliott Management. Ryan Nebel, who was recognized as a Next-Generation Partner, uses a clever, detail-oriented approach to service all his clients and advises activists on strategies and investments.

Client testimonials are expansive, noting that:

"Olshan is, in my view, quite simply the best, most experienced firm when it comes to shareholder activism. You know when you go into a campaign that you have seasoned lawyers on your side that are practical and knowledgeable about all aspects of a campaign, and its likely evolution. Having that much experience in a very specific practice is invaluable."

"Andrew Freedman is pragmatic, incisive, and hard working. He is sharply focused on achieving the best outcome and intellectually agile in getting there, which is incredibly important in a fast-moving activist campaign. He is able to quickly identify the hierarchy of outcomes and the best negotiation strategy for achieving those. He does not get stuck on winning small points for their own sake, but in winning materially the whole campaign."

The firm also secured ranking as Tier Three Leading Firm in Advertising and Marketing: Transactional and Regulatory Practice.

Rankings for Advertising and Marketing – Transactional and Regulatory

Leading Lawyer:

  • Andrew Lustigman, Co-Managing Partner, Executive Committee, Chair of the Advertising, Marketing and Promotions Group, and Co-Chair of the Brand Management & Protection Group

Recommended Lawyers: 

Olshan Frome Wolosky LLP offers a broad transactional and regulatory practice. Service areas include sweepstakes and contest law, regulatory investigations, and e-commerce and social media-related matters. Andrew Lustigman, recognized as a Leading Lawyer, leads this group and has extensive experience providing counsel to domestic and international clients. Scott Shaffer is a thoughtful and client-focused attorney focusing his experience on compliance-related advertising and marketing matters. Additionally, associate Morgan Spina is known for her innovative strategies and meticulous attention to detail. Her practice centers around structuring sweepstakes, clearance of advertising materials, advertising agreements and regulatory investigations.

To view the full details of Olshan's rankings in the 2023 edition of The Legal 500 US, please visit Legal 500 USA 2023.

Olshan has been consistently recognized as one of the premier mid-sized law firms in the country, including:

  • Named by Chambers USA 2023 and 2022 as a premier law firm for Corporate/M&A Shareholder Activism (Top Tier 1), as well as Advertising: Transactional & Regulatory, Litigation: General Commercial, and Real Estate: Mainly Dirt, with eight Olshan lawyers, including five lawyers in the Shareholder Activism practice, named as Leading Lawyers
  • Selection of ten of the firm's lawyers as The Best Lawyers in America© 2023 along with the selection of two lawyers to the "Ones to Watch" list
  • Named as a "Best Law Firm" 2023 by U.S. News-Best Lawyers® for Securities/Capital Markets, Real Estate, Advertising, Trusts & Estates, Commercial Litigation and Employee Benefits
  • Selection of 39 attorneys to the Super Lawyers® 2022 New York Metro
  • Honored by The National Law Journal twice as a top 20 midsize law firm in its "Midsize Hot List"
  • Inclusion in the National Law Journal "NLJ 500" list.

About Olshan

Olshan Frome Wolosky LLP, a law firm based in New York, represents major businesses and entrepreneurs in their most significant transactions, problems and opportunities. Olshan's clients range from public companies, hedge, venture capital, private equity and other investment funds to entrepreneurs and private companies worldwide. Clients choose Olshan for innovative strategies and sophisticated, game-changing advice in corporate, securities law, equity investment and shareholder activism, complex commercial, corporate and securities litigation, real estate, intellectual property, bankruptcy and creditors' rights and advertising. Since its founding, Olshan has offered an alternative to the AmLaw 50 law firm business model with responsive, independent and client-focused legal counsel provided by the firm's senior lawyers. Visit: www.olshanlaw.com.

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