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WASHINGTON-BASED LAW FIRMSWIDLER & BERLIN TO MERGE WITH
NEW YORK'S SHEREFF, FRIEDMAN, HOFFMAN & GOODMAN
New Firm Represents TheFirst Merger
Between Leading Washington and New York Law Firms
WASHINGTON, D.C. and NEW YORK,July 15, 1998 - Washington, D.C.-based Swidler & Berlin andNew York City-based Shereff, Friedman, Hoffman & Goodman,LLP, today jointly announced that their partners haveoverwhelmingly approved a merger of the two law firms. The newfirm, Swidler Berlin Shereff Friedman, LLP, will combine Swidler& Berlin's 175 attorneys with Shereff, Friedman's 65, rankingit among the largest and most profitable law firms in thecountry. Each of the firms has had several successive recordyears in terms of profits and revenues. The merger thusrepresents the extraordinary combination of two independentlystrong firms in the key legal markets in the United States.
The merger, set to close August 1,1998, will combine two highly successful firms, joining Swidler& Berlin's leading regulated industries and governmentaffairs practice with Shereff Friedman's highly successfultransactional and securities practices. The creation of a singlefirm will allow each of the component firms to draw upon thestrengths of the other, thus providing clients with a combinedWashington - New York capability. Moreover, the joining of thenationally recognized litigation practices at each of the firmswill provide the new firm's clients with exceptional resourcesand expertise. In addition to meeting the expanding needs of itsoverseas and domestic clients in both the Washington regulatoryenvironment and the Wall Street financial arena, the new firmwill have the ability to provide premier services in the areas oftelecommunications, insurance coverage, energy, structuredfinance, real estate, housing, venture capital, generallitigation, bankruptcy, tax, government affairs and environmentallaw.
"Each of our firms isextremely healthy and thriving," said Edward Berlin ofSwidler & Berlin, "and this merger will furtherstrengthen us. Corporate clients are increasingly concerned aboutgovernment regulation. The heavily regulated clients areincreasingly involved in highly sophisticated financialtransactions. The combination of our two firms, alreadyestablished leaders in their respective markets, reflects thegrowing globalization and consolidation of the economy and willenable us to provide our clients with even greater service thanbefore."
"The decision to join forceswas based on the natural fit of our two firms as well as a sharedvision for growth in the future," said Martin Nussbaum ofShereff Friedman. "Unlike a larger law firm opening a branchoffice, our new firm will consist of two already strong andhighly regarded offices that jointly will be able to handle thecomplex nature of our clients' growing legal needs."
Founded in 1982, Swidler &Berlin has grown from 13 attorneys to a nationally recognizedfirm of more than 175 lawyers. Originally concentrating in theenergy area, where it maintains a leading position, the firm hasdeveloped one of the premier insurance coverage practices and oneof the foremost telecommunications practices in the United Statesas well as nationally recognized practices in the areas of theenvironment, government affairs, bankruptcy, general litigationincluding white collar defense, corporate, structured finance,real estate, housing, and employment law.
Established in 1971, Shereff,Friedman, Hoffman & Goodman, LLP, is a 65-attorney firm witha national reputation as a leader in sophisticated litigation andcapital transactions including mergers and acquisitions, mutualfunds, and venture capital. The firm's preeminent litigationgroup specializes in complex commercial disputes (includingcopyright and trademark), securities litigation, and white collardefense. In addition, the firm offers a full range of legalservices in the areas of corporate tax, real estate, bankruptcy,trusts and estates, ERISA, and employment law.
FROM:
Swidler & Berlin, Chartered
3000 K Street, N.W. Suite 300
Washington, D.C. 20007
Shereff, Friedman, Hoffman & Goodman, LLP
919 Third Avenue
New York, NY 10022
Contact:
Marcia Horowitz, (212) 843-8014
Jill Goodkind, (212) 843-8017
Rubenstein Associates Public Relations
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