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Article: Milberg Weiss makes its case for splitting in two: division of New York firm started over the past couple of weeks. (Law).
- Article from:
- San Diego Business Journal
- Article date:
- June 30, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Milberg Weiss Bershad Hynes & Lerach, the law firm that earned a national reputation by filing high-profile shareholder suits against corporate heavyweights such as Enron and Dynegy, plans to split in two.
The firm's largest offices are located in San Diego and New York. It also has smaller operations in San Francisco; Los Angeles; Philadelphia; Seattle; Boca Raton, Fla.; and Washington, D.C.
Milberg Weiss is the victim of its own success, said William Lerach, a San Diego partner. The firm experienced tremendous growth in recent years, causing senior partners to discuss a possible split.
"There was a feeling that we were getting to a size that ...