Stephen Franks (born 1950) in Wellington, New Zealand is a commercial lawyer. At one time, he was chairman and Partner of the large firm Chapman Tripp. Franks has been a member of two political parties. He previously served as a List MP for the right-wing ACT New Zealand (Association of Consumers and Taxpayers). He then stood unsuccessfully for the National Party for the 2008 general election. Franks is also a media commentator and writer on legal and commercial topics; and is married with three daughters and a son in their 30s. Early life Franks was first educated at Taihape College, and then at Victoria where he studied Law (attained qualifications include BA/LLB (Hons) and Dip. Acc.). Franks was subsequently admitted to the bar in 1975. Prior to entering Parliament in 1999 Franks' professional appointments included: being a member of the Securities Commission, Deputy chairman (1999–1999) of the Market Surveillance Panel of the New Zealand Stock Exchange having been a member of the MSP from its inception for nine years, and a Council member of the Institute of Directors in New Zealand. Member of Parliament: 1999–2005 Franks entered Parliament in the , having been ranked in third place on the party list for the ACT Party, and coming fourth in electorate. This high ranking (above several sitting MPs) was indicative of ACT's high hopes for Franks at the time – as a prominent lawyer, he was generally regarded as a significant asset for the party. In he stood in which had been won by ACT's Richard Prebble in . During his six years in Parliament he was ACT spokesman for Justice, Corrections, the Police and Commerce. He added Maori Affairs and Sport in the last three years. When Prebble announced his retirement from politics in early 2004, Franks was one of the four candidates who sought to take his place as leader of ACT. Franks ran on a platform of restoring the party's core message. Despite receiving the endorsement of party founder Roger Douglas, he was eventually defeated by Rodney Hide. After Hide became leader of the ACT party on 13 June, Franks remained the party's spokesperson for justice. 2005 election Franks lost his seat in Parliament in the 2005 general election when the total percentage of the popular vote for ACT reduced the ACT Party to two seats in Parliament. He subsequently returned to practising law, rejoining his old firm,