Frank V. Carone
Executive Partner
Frank V. Carone is an Executive Partner at Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara, Wolf & Carone, LLP., a full service law firm with offices on Long Island and in Brooklyn, NY, New York City, and in Rochester, NY.
Mr. Carone was born and raised in Brooklyn, where he attended and graduated from St. John’s University cum laude in 1991 with a Bachelor of Science Degree in Finance. He received his Juris Doctor at Brooklyn Law School, where he graduated in the top of his class in 1994 and received the award for American Jurisprudence in Legal Ethics.
Mr. Carone has extensive experience in many areas of the law including complex Civil and Criminal matters for Individuals, Corporations, Governmental Agencies, NFPs, Professional practices and Family offices, as well as counselling clients in various government relation strategies.
Mr. Carone served in the United States Marine Corps from 1993 to 1995, where, upon completion of Officers Candidate School, he was commissioned 2nd Lieutenant. He also graduated from The School of Mortgage Banking in 1999. For almost a decade, Mr. Carone has been counsel to the Chairman of the Kings County Democratic County Committee, where he has had an opportunity to represent many members of the party, including elected officials. He is also an active participant in Bar Association conferences and other seminars offered by different trade associations. He has served as a guest lecturer at the Brooklyn Bar Association, where he is also an Officer, as well as the Columbian Lawyers Association of Brooklyn. He is consulted regularly by attorneys, lobbyists, and other professionals. Mr. Carone’s business achievements include founding a multi-state mortgage bank with over 200 employees. He then negotiated a successful merger of the bank with a larger mortgage institution. Mr. Carone is an experienced litigator who has successfully handled a broad array of complex litigations across a diverse range issues, from article 78s through shareholder derivative suits.
Mr. Carone was appointed by Mayor Michael Bloomberg to the NYC Taxi & Limousine Commission and his appointment was approved unanimously by the NYC Council on March 2, 2011 for a term through January 31, 2015. Mr. Carone’s term was extended through January 31, 2022 by Mayor De Blasio after a unanimous vote of the NYC Council. Mr. Carone completed his term of service with the NYC Taxi & Limousine Commission at the end of 2016. During his term as a commissioner, Mr. Carone worked on issues such as Green taxis, e-hail apps, Accessibility and driver wage increases.
Mr. Carone was appointed Chair to the New York State Bar Association Committee on Transportation Law which will focus on issues associated with Ride-Sharing Services and Driverless vehicles.
Mr. Carone is a member of the New York State Bar Association, Association of Trial Lawyers of America, Brooklyn Bar Association, The American Association of Bank Directors, National Association of Criminal Defense Lawyers, Kings County Criminal Bar Association and the Columbian Lawyers Association. Mr. Carone is a Board member and audit chair of Hanover Community Bank (HCB) (www.hanovercommunitybank.com). During his time on the Board at HCB, the Board has successfully reorganized and recapitalized the Bank. Mr. Carone was also asked to join the Board and chair the audit committee of Ridgewood Bushwick Senior Citizens Council and to help restructure the agency, a goal the new board has successfully accomplished. RBSCC is a non-profit which serves 30,000 constituents and has a budget of almost $100,000,000.00. Mr. Carone is also on the Board and Audit Chair of the Catholic Foundation of Brooklyn and Queens (www.catholicfoundationbq.org). Mr. Carone joined the founding advisory Board of the New York League of Independent Bankers (www.nylib.org) and also serves on the Board at the Downtown Brooklyn Partnership.
Mr. Carone has been designated a Super Lawyer in Government Relations since 2016, a distinction earned by only five percent of the lawyers in the New York metro area.
Bar Admissions
New York
New Jersey
Education
Brooklyn Law School, Brooklyn, New York
J.D.
St. John's University
B.S., Bachelor of Science(Cum Laude)
Honors and Awards
Saint Frances X. Cabrini Award for Migration Recipient Presented by Catholic Migration Services of Brooklyn (2018)
New York Metro Super Lawyers (2016-2018)
Named to City & State New York Magazine's Brooklyn Power 50 - Most Influential People in Brooklyn List (2017, 2018)
Brooklyn Bar Association Volunteer Lawyers Project Honoree (2016)
Professional Associations and Memberships
New York State Bar Association, Chair - Transportation Law Committee
Brooklyn Bar Association, President-Elect
NYC Taxi & Limousine Commission, Commissioner (2011 - 2016)
New York State Bar Association, Member
Association of Trial Lawyers of America, Member
The American Association of Bank Directors, Member
National Association of Criminal Defense Lawyers, Member
Kings County Criminal Bar Association, Member
Columbian Lawyers Association, Member
Publications and Seminars
How To Engage An Investment Banker, quoted, November 2018, Forbes.com
For Great Business Negotiators It Is All About Results, Not Ego, quoted, October 2018, Forbes.com
In Brooklyn Democratic Party, Democracy is Healthier Than Some Would Have You Think, author, October 2018, Gotham Gazette
Three Powerful Questions Used By The Self-Made Super-Rich, quoted, September 2018, Forbes.com
The Latest in New York City Construction Policy and Regulations, Commercial Observer webinar, Moderator, May 2018
Who Do The Rich And Super-Rich Call When They Get Into Trouble And Are Facing Nasty Lawsuits?, quoted, May 2018, Forbes.com
How To 'Bust' Prenuptial Agreements, quoted, April 2018, Forbes.com
A Canarsie Tale: Can Starbucks Come Home Again?, quoted, March 2018, KingsCountyPolitics.com
Centers Of Influence Are Key To Small Law Firm Rainmaking, author, January 2018, Law360
How Smaller And Mid-Sized Law Firms Can Increase Revenues By 25% Or More Without Adding New Clients, quoted, January 2018
Why Most Multi-Practice Law Firms Are Underserving Their Clients, quoted, October 2017, Forbes.com
The Death of Law Firm Cross-Selling, quoted, October 2017, Forbes.com
Insurgent Slate Roils Brooklyn Judicial Elections, quoted, August 2017, New York Law Journal
Skilled Interviewing Is Essential To Be An Elite Financial Advisor, quoted, June 2017, Forbes.com
Valley Stream Mall Owners Criticize IDA’s Tax Break Reversal, quoted, May 2017, Newsday
Why Some Of The Most Successful Lawyers Are Helping Clients Find New Business Opportunities, quoted, February 2017, Forbes.com
Eight Years On, Firms Still Fighting Ex-Comptroller Over Fees in Mayoral Bid, quoted, February 2017, New York Law Journal
Accessible For-Hire Vehicles on the Road, and Soon, author, December 2016, Daily News
Brooklyn Volunteer Lawyers Project to host Annual Fundraising Gala, featured, May 2016, Brooklyn Daily Eagle
The Renaissance Of The Outpost Family Office, quoted, April 2016, Forbes.com
The Art Of Cross-Selling Legal Services, quoted, February 2016, Forbes.com
The Personal Advisor: A Growth Model For Attorneys, quoted, January 2016, Forbes.com
Business Development for Small Law Firms, May 2015, co-authored by Frank V. Carone and Russ Alan Prince
Maximizing Personal Wealth An Advanced Planning Primer for Successful Business Owners, March 2015 - contributor and presenter
Private Wealth Magazine September/October 2013: featured in an article titled "Hard Bargains - When Rich Clients Litigate, Attorney Frank Carone Is One Of The People They Hire To Work Out A Favorable Deal - by Russ Alan Prince