LP is one of 20 firms in the US to be included on The National Law Journal’s inaugural Midsize Hot List!
September 29, 2009
The National Law Journal’s Midsize Hot List identifies law firms across the country that have “demonstrated creative, innovative strategies to stay competitive[and have] shown the nimbleness and adaptability that come from lean operations and strong client ties.” This is a great achievement for all firms on the list, particularly since The National Law Journal received hundreds of submissions from firms between 50 and 300 lawyers. From these submissions, NLJ selected only 20 firms nationwide, including two Chicago firms, for its final list.
Here is what The National Law Journal had to say about Levenfeld Pearlstein:
Operating debt-free going into the recession has helped Chicago-based Levenfeld Pearlstein to continue expanding its core practice areas. The 65-attorney firm initiated new service segments, including an employee stock ownership plans practice group. It also beefed up its restructuring and insolvency practice and its construction litigation group. Commercial property deals diminished in 2008, so the firm's real estate and tax attorneys concentrated instead on transactions involving distressed real estate.
The firm has a spot on the Midsize Hot List, but it has responded to the current cold economic climate with a rate freeze. It sought to offset the hardship that the recession was creating for clients. Locking in billing rates helped the firm increase its market share from its existing clients, and the strategy has generated business from prospective ones as well. Putting into practice its philosophy that a law firm should operate as a business is helping the firm and its clients survive the downturn.
The firm's environmental consciousness is a money-saver and represents good corporate citizenship. Levenfeld Pearlstein says that it became the first law firm to implement the American Bar Association Model Sustainability Policy. In addition, it is the only firm to participate in Chicago's Green Business Task Force. It also joined the Chicago Climate Exchange and established its own environmental service group.
Thank you NLJ! It is an honor to be included on the Midsize Hot List.
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