Article: Save This Firm! Milberg Weiss Is Nearing Iceberg.(Page One)

Byline: Anna Schneider-Mayerson

On Friday, July 28, a 160-foot-long yacht called Duchess docked along the Hudson River at 41st Street, decked out like a hula dancer for a corporate party with a Pacific-island theme.

It's not rare for a big law firm like Milberg Weiss Bershad & Schulman, the event's sponsor, to hold such a lavish do for no particular reason. On one floor, two Bambi-eyed perfectly Bain de Soleil'd women entertained with Tahitian dancing. Elsewhere, there was mock gambling.

Pale men in bright, billowy shirts cruised the decks. Their female colleagues, duly lei'd, teetered around the dining room, balancing plates piled high from ...

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