Anderson Kill to Focus on Core Practices

NEW YORK, Jan. 22 /PRNewswire/ -- Anderson Kill & Olick, P.C. announces
that it has restructured its lead practice areas to focus the firm's efforts
on its core insurance recovery practice, along with other robust practices in
corporate and securities, litigation, real estate & construction, tax, trusts
& estates, bankruptcy & restructuring, and intellectual property. The change
is a result of an amicable departure of several of its 69 shareholders, who
have agreed to join Reed Smith.
"We recently held merger discussions with Reed Smith. We terminated the
discussions because of conflicts of interest issues," said Robert Horkovich,
Executive Committee member and chair of Anderson Kill's insurance recovery
group. Horkovich added that, in a rare departure from how these changes
usually occur, Anderson Kill and Reed Smith are cooperating on this change and
are coordinating the transition.
The merger discussions gave Anderson Kill an opportunity to consider
moving to a larger platform. The substantial majority of shareholders decided
that such a move was not best for Anderson Kill or its clients.
Bradford Hildebrandt, chairman of Hildebrandt International said, "This is
truly a unique situation. The change will help both firms. Anderson Kill will
be able to refocus on its insurance recovery practice. Reed Smith is able to
add attorneys to its core practices who will benefit from the larger
platform."
"Anderson Kill shall move forward as the leading insurance recovery firm
in the world. And we shall move forward in our other core practices" said
Eugene R. Anderson, founder and lead name partner of the firm.
The 43 out of 69 shareholders who are staying at Anderson Kill believe the
firm has a number of competitive advantages. -- Anderson Kill delivers
unsurpassed expertise that is more cost
effective for clients.
-- Anderson Kill has no insurance company conflicts.
-- Anderson Kill can provide more personalized service than larger firms.

Numerous clients previously serviced by departing shareholders have
expressed a desire to continue with their representation by Anderson Kill for
these and other reasons.
Horkovich emphasized that the restructured Anderson Kill is financially
strong, having invested heavily in the firm for the future and having
eliminated all debt.
Nearly two-thirds of the shareholders committed to staying at the firm.
They believe that a continued Anderson Kill is best for their clients, their
own personal growth and for associates. Anderson Kill encourages all of its
attorneys to become experts in their chosen field, and invests heavily in that
process. Anderson Kill attorneys cherish the firm's culture of collegiality,
creative thinking, and the absence of barriers between lawyers at different
levels.
Anderson Kill will continue to have offices in New York, Philadelphia,
Newark, Washington, D.C. and Greenwich, CT. The four-attorney Chicago office
will be closing.
About Anderson Kill:
Anderson Kill & Olick, P.C. was founded in 1969 on the principles of
integrity, excellence in the practice of law, and straightforward solutions to
complex legal issues. Anderson Kill practices in the areas of Bankruptcy &
Restructuring, Corporate & Commercial Litigation, Corporate & Securities,
Employment & Labor Law, Insurance Recovery, Intellectual Property, Real Estate
& Construction, Tax, and Trusts & Estates. The firm has offices in New York,
Greenwich, Newark, Philadelphia and Washington, D.C.
For additional information, please contact:
Dawn Gertz
dgertz@andersonkill.com
(212) 278-1893

Andrew Sprung
andrew@sprungpr.com
(646) 792-3739

SOURCE Anderson Kill & Olick, P.C.

Dawn Gertz, of Anderson Kill & Olick, P.C., +1-212-278-1893,
dgertz@andersonkill.com; Andrew Sprung of Sprung PR for Anderson Kill & Olick,
P.C., +1-646-792-3739, andrew@sprungpr.com