LOS ANGELES, Nov. 14, 2011 /PRNewswire/ -- Silver & Freedman, a well-established and highly-respected business law firm in Los Angeles, which celebrated its 36th-year anniversary last February, has announced that the firm will undergo an amicable split March 31, 2012; with some of the major practice areas opting to form their own separate firms, according to Barry M. Weisz, managing partner for Silver & Freedman.
Weisz affirms that unlike other law firms that have been forced to dissolve due to today's tough economic times, the decision to break up was not borne out of financial difficulties, disgruntled partners or a need to down-size, but rather a desire for each practice area to better focus on its particular area of specialty.
"Often when law firms dissolve, they do so because of financial issues or major differences in how the firm is run or due to discord among the partners," Weisz says, "But that is not the case at Silver & Freedman. The atmosphere has been and remains collegial. The splitting off is simply a matter of practicality and efficiency, and really came about more as result of different people at different points in their legal careers recognizing that the individual parts may blossom better separately."
Since its inception in 1975, Silver & Freedman has been known for its diverse practice areas including business and corporate; employment and labor; estate and probate; family law; intellectual property; tax, litigation; mergers and acquisitions; product liability and tort; and real estate; and strong industry specialties in medical devices, apparel and hospitality.
Weisz continues, "We have planned this transition deliberately and with forethought so that each of our attorneys can assure clients, colleagues and staff that the change will be a smooth one."
While some groups are staying together, others are in the process of cementing new relationships and exploring exciting opportunities, none of which are ready to be announced at this time.
SOURCE Silver & Freedman