FacultyFaculty/Author Profile
Richard S. Fries

Richard S. Fries

Sidley Austin LLP

New York, NY, USA


Richard Fries practices law in New York City and is a co-leader of the real estate group at Sidley Austin.  He is well-known throughout the New York and national legal, real estate and finance communities.  Richard focuses his practice on a wide array of complex real estate financing transactions, in which he represents leading national and global institutional lenders, investment banks and private equity firms.  Mr. Fries is particularly well-known for his work in high-profile distressed commercial loan workouts spanning all real estate asset classes.  He has developed a noteworthy practice at the crossroads of real estate finance and remedies, using litigation tools to restructure real estate loans and projects. 

In January 2018, Mr. Fries was awarded the New York State Bar Association Real Property Law Section’s Professionalism Award, its most significant honor, which recognizes lawyers who evidence the highest attributes of legal ability, achievement, civility and professionalism in the practice of law. Mr. Fries has been recognized by Chambers USA in Band 1 each year from 2009 through 2017 in New York and in Band 1 nationally in 2013 (the year such rankings began) through 2017.  He is recommended in The Legal 500 United States for Real Estate, The International Who’s Who of Real Estate Lawyers, The Guide to the World’s Leading Lawyers and The Best Lawyers in America which named Richard as its Litigation - Real Estate “Lawyer of the Year” in New York City in 2013.  In 2016, Mr. Fries was named to the inaugural edition of Who’s Who Legal: Thought Leaders 2017 as one of their top 10 best performing real estate lawyers worldwide.  In 2015, for the second consecutive year, Who’s Who Legal acknowledged Richard as one of the ten “Most Highly Regarded” real estate lawyers in North America.  He is a fellow of the American College of Real Estate Attorneys and the American College of Mortgage Attorneys.

Richard is a member of the Executive Committee of the Real Property Law Section of the New York State Bar Association.  He is co-chair of the Section’s Real Estate Finance Sub-Committee; he has co-chaired the Workouts and Bankruptcy Committee, the Legislation Committee and the Membership Committee.  Richard has lectured on a variety of important and timely topics for Practising Law Institute, the New York State Bar Association, the Mortgage Bankers Association and industry groups on real estate finance, real estate workouts and remedies.  Richard has written extensively; his articles have been published regularly in the New York Law Journal (most recently in November 2017).  He has provided primers and road maps on loan workouts; he has analyzed New York’s “Rocket Docket” accelerated adjudication techniques; he has commented on controversial appellate decisions.  For Thomson Reuters’ Inside the Minds treatise on Distressed Real Estate, published in 2012, he wrote a chapter covering Distressed Real Estate Loan Dispute Resolution.  Over the past year, he co-authored two articles on changes in real estate finance.

Richard S. Fries is associated with the following items:
CHB Chapters  CHB Chapters Commercial Real Estate Loan Workouts, Remedies and Hot Topics - Negotiating Real Estate Deals 2018, Thursday, June 21, 2018
Web Segment  Web Segment Distressed Loans and Lender Remedies - Negotiating Real Estate Deals 2018, Monday, June 25, 2018
MP3 Audio  MP3 Audio Distressed Loans and Lender Remedies - Distressed Loans and Lender Remedies, Monday, June 25, 2018
Transcripts  Transcripts Distressed Loans and Lender Remedies - Distressed Loans and Lender Remedies, Monday, June 25, 2018
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Distressed Loans and Lender Remedies - Distressed Loans and Lender Remedies, Monday, June 25, 2018
On-Demand Web Programs  On-Demand Web Programs Negotiating Real Estate Deals 2018, Thursday, June 28, 2018, New York, NY
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