June 2008For the third year in a row, BLB&G was once again given top rankings in the field of plaintiff securities litigation in Chambers and Partners’ 2008 Guide to America’s Leading Lawyers for Business (“Chambers”) and for the second year in a row, BLB&G was #1 in the Legal 500 USA Guide (“Legal 500”). Chambers awarded the firm with the highest ranking in Plaintiffs Securities Litigation and the Legal 500 gave the firm the top ranking for both Securities Class Action Litigation and Subprime Related Litigation. BLB&G has been number one in the field since the inception of these rankings.
Chambers describes BLB&G as “client-focused” and “trial driven,” and with a client base of over “75 of the country’s most significant public pension plans and institutional investors – more than any other firm in its field,” the firm “continues to be selected for the most highly visible securities fraud litigations.” Chambers dubbed senior founding partner, Max Berger, “among the most formidable adversaries in his field” and former partner, Sean Coffey, “a first-class trial lawyer.” Chambers created this practice area listing in 2006 to “recognize the importance of a select number of firms who do high-profile work in the area,” and for the third year in a row BLB&G has received this prominent ranking.
The Legal 500 praised the firm for its “undeniable dominance” in the field, “snatch[ing] the lead role in many of the largest securities recoveries in US history,” including the record setting $920 million recovery in the UnitedHealth stock options backdating derivative action.
The Legal 500 also recognized the firm for its groundbreaking representation of its clients in problems arising from the collapse of the subprime mortgage sector, giving it the top ranking in plaintiff-side subprime related litigation. According to Legal 500, “best known for its stellar reputation ffor plaintiff-side class-action securities work, [BLB&G] is leveraging this reputation on sub-prime matters” and is “a strong choice for lead counsel in many matters…due partly to its ability to prosecute the full spectrum of claims arising in the sub-prime area.” Clients praise the efforts of partner Gerald Silk, who heads the firms Subprime Litigation Group, stating that they are “very pleased” with the level of representation he provides. Mr. Silk “regularly appears as a commentator on news bulletins due to his experience and track record in the market.”
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