What Does Not Kill A Law Firm, Makes It Stronger

There is an interesting article in the April 24, 2003, issue of the New York Law Journal on Milberg Weiss Bershad Hynes & Lerach, the leading plaintiffs’ securities class action firm. According to a recent study, last year Milberg Weiss participated as lead counsel in more than 60% of the securities class actions filed.

Quote of note: “By taking aim at some classic Milberg Weiss practices, the PSLRA inadvertently benefited the larger plaintiffs’ firms, they say. The result has been a much more concentrated securities plaintiffs’ bar dominated by big firms. As the bar’s 800-pound gorilla, Milberg Weiss benefited most of all.”

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