Law Firm Famed in Stockholder Suits May Split in Two

"Lawyers at Milberg Weiss Bershad Hynes & Lerach, known for its prolific filing of shareholder suits against corporations and executives, are considering splitting the firm in two, senior partners said yesterday. A division of the 220-lawyer firm, which has offices in several cities, including New York and San Diego, would be closely monitored by lawyers who represent shareholders and who defend companies," The New York Times reports here.

UPDATE: The Recorder has a similar article, but theirs says "it's come to a head because of a feud between Lerach and Weiss over the handling of the WorldCom litigation."