In its June 14th issue, The Lawyer short-listed Fried Frank for "Corporate Team of the Year" for its work for NTL Inc. According to the article, "Fried Frank was plunged in at the deep end on its first corporate deal for NTL. It arranged a $1.4bn ($764.2m) rights issue, the year's largest US Securities and Exchange Commission equity offering by a European company, and one of the biggest capital-raising exercises of a company with a primary US listing, over the past decade. With just a matter of weeks to get to know the intricacies of NTL, Fried Frank's transatlantic team, led by restructuring group head Brad Eric Scheler and corporate partner Jeffrey Bagner, pulled it off. The firm was also heavily involved in the subsequent notes offering, including an innovative debt structure allowing NTL, through the ring-fencing of the company's mast business, wider flexibility for future capitalisation."