The Big Breakup Is Moving Slow

The National Law Journal has an article (via law.com – free subscrip. req’d) on the status of the previously announced breakup of Milberg Weiss, widely recognized as the leading plaintiffs’ securities class action firm, into two separate law firms. (See this post for background information on the split.)

Quote of note: “According to attorneys inside the firm as well as attorneys who have left, Milberg Weiss had hoped to finalize the restructuring by the end of 2003, with an outside date of February. ‘We are 85 percent of the way through,’ a lawyer close to the negotiations said. ‘We just need more time to reconcile the accounting, and we are now looking at March.'”

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