Levenfeld Pearlstein Chairman Bryan Schwartz swears he's creating a viable big law firm alternative, a place where associates are happy, partners cannot run afoul of the 'no jerks rule' and non-lawyer managers can end costly dead-end cases.
The Chicago-based firm with 75 lawyers is determined to have a corporate model and culture that leads to profits, as well as positive attitudes for the firm's lawyers.
'I have to do what I like to do, and believe in what I do, and the money will follow,' Schwartz said in a recent interview.
The law firm targets upper middle-market clients and focuses on corporate, litigation and real estate legal services.
Levenfeld Pearlstein offers a 'value proposition,' or rates that aren't as high as some of their larger competitors, but it's not the cheapest firm in town, Schwartz said. Nine years after the creation of Levenfeld Pearlstein, through the merger of two Chicago firms, most of the 15 founding partners are still there and the firm has tripled in size. The firm declined to provide a per-partner profit figure.
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The National Law Journal, Vol. 31, No. 8, Copyright 2008 by American Lawyer Media, ALM, LLC - Lynne Marek, Staff Reporter