May 26, 2014
BLB&G has been named to The National Law Journal’s 2014 Midsize Hot List, a select group of law firms nationwide recognized for “succeeding at a time when many of their bigger competitors are struggling amid high headcounts and overhead.”
According to NLJ, BLB&G is “known for its successful representation of institutional investors in shareholder and investor litigation,” recovering over $25 billion for clients and racking up “precedent-setting corporate-governance reforms.” In its profile of the firm, NLJ characterizes BLB&G’s strategic approach as simply “be choosy and be ready.” Partner Jerry Silk explains that the firm is “highly selective in the cases it handles – and it’s prepared to try them all.” With every potential case, a “rigorous analysis and investigation of the facts by private investigators and financial analysts on staff” is performed, and according to Mr. Silk, “[e]veryone at the firm weighs in – from junior to midlevel associates all the way up to the management committee, and one partner can often veto a case.”
NLJ highlights BLB&G’s recent recovery of $730 million from Citigroup, in a securities class action arising from the subprime crisis, as an example of the firm’s success. As sole lead counsel in the case, BLB&G succeeded in overcoming motions to dismiss, and handling more than 70 depositions over the course of four years of litigation.