James J. Frolik

James J. Frolik: Attorney with Shartsis Friese LLP
  • Partner at Shartsis Friese LLP (62 Attorneys)
  • One Maritime Plaza, Eighteenth Floor, San Francisco, CA 94111
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Mr. Frolik has been a partner in the Firm’s Corporate Department since 2007. Since he joined the firm in 2000 out of law school, he has specialized in representing investment advisers (including advisers to hedge funds, other private investment funds and separately-managed accounts). The Firm’s investment adviser and private fund practice group has a national reputation and includes six other partners (John Broadhurst, Carolyn Reiser, Jahan Raissi, Neil Koren, Christina Hamilton and David Suozzi) and a number of other attorneys. The entire group is located in our San Francisco office and most of us have worked together for decades. This cohesiveness helps us deliver services to clients efficiently and with minimal turnover.

Mr. Frolik counsels clients on a wide variety of issues including:

•Structuring domestic and offshore investment funds (including hedge funds, marketplace lending funds, crossover public/private funds, special purpose funds, and ERISA-only funds)
•Organizing investment management firms, including preparing and negotiating operating agreements among the owners of those companies
•Counseling investment advisers on federal and state regulatory issues (including SEC, CFTC, and state registration and ERISA) and advising them on all aspects of their ongoing operations
•Preparing and negotiating employment and severance agreements for a firm’s executive officers, portfolio managers, analysts, traders and other employees
•Preparing and negotiating investment management agreements for separately-managed accounts
•Preparing compliance manuals
•Negotiating fund administration agreements
•Negotiating ISDA agreements


Co-author of U.S. Regulation of Hedge Funds (first published by the American Bar Association in 2005 with a second edition published in 2013)

Conference speaking engagements include:

•ACA Compliance Conference (Hedge Fund Session) - San Diego, CA - October 2017
•Abacus/Imagineer Operational Efficiency & Compliance Seminar - San Francisco, CA - December 2016
•American Bar Association/International Bar Association Private Fund Conference - London 2016
•UBS Premier Client Conference - Scottsdale 2015
•First Republic Bank COO Forum - San Francisco 2015
•Financial Research Associates Private Investment Fund Accounting, Operations and Compliance Forum - San Francisco 2015


Listed in the International Who’s Who of Private Funds Lawyers, which features only the foremost practitioners (2016, 2017 and 2018).

Areas of Practice (4)

  • Business Transactions
  • Mergers & Acquisitions
  • Venture Capital
  • Investment Funds & Advisers

Education & Credentials

Contact Information:
415-773-7307  Phone
(415) 421-2922  Fax
University Attended:
University of California at Berkeley, B.A. Political Science, High Honors, 1997
Law School Attended:
University of California at Berkeley, Boalt Hall School of Law, J.D., Order of the Coif, 2000
Year of First Admission:
2000, California

Professional Activities

Member of the organizing committee of the Bay Area Hedge Fund Roundtable, a group that facilitates communication, education and networking among the Bay Area alternative investment community.

Active member of the Public Policy Committee of the California Hedge Fund Association, a statewide organization that brings together members of the investment fund community to influence public policy that affects investment managers.

Speaker at various conferences and contributor to other books and articles regarding current issues facing investment advisers and private investment funds.

Spanish and Czech
Birth Information:
San Francisco, California, October 19, 1975

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Documents (7)

Documents by this lawyer on Martindale.com

San Francisco, California

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