Three Former WolfBlock Attorneys Join Friedman Schuman of Jenkintown; Firm Now Has...

Three Former WolfBlock Attorneys Join Friedman Schuman of Jenkintown; Firm Now
Has One of the Leading Financial Services Groups in Philadelphia Area

JENKINTOWN, Pa., May 7 /PRNewswire/ -- Three key partners of the financial
services group of the former WolfBlock law firm have joined the Jenkintown
firm of Friedman Schuman. The move has been described as a "major coup" for
the suburban firm and one that will help it grow and more effectively compete
against its center city rivals, according to Managing Partner Kerry Schuman.

Lawrence R. Lesser, David E. Stern and Elizabeth A. Grzywacz have all joined
Friedman Schuman, which now employs 21 attorneys, making it one of the fastest
growing suburban law firms in the area.

"This is a perfect marriage for us and it significantly changes the complexion
of our firm, repositioning us even more as a leader," said Schuman. "We will
now be providing legal services to many of the banks and financial
institutions in our area. This move right now might seem contrarian due to
the economy. However, the initial reaction from this market has been
phenomenal because clients will be getting the highest level of quality legal
service at far more competitive pricing."

Lesser, who is the most senior of the three former WolfBlock partners and
co-chair of its financial service department, is best known for his
representation of financial institutions, including many of the banks in the
area. He also represents a number of private equity funds operated under the
Capital Partners umbrella led by local financier Ira Lupert.

Before joining WolfBlock, Lesser was founding partner of the Montgomery County
law firm of Lesser & Kaplin, which concentrated in financial services.

"My career has come full circle. I am excited to return to my suburban roots,"
said Lesser.

"We have had the utmost respect for Larry," said Senior Partner Peter
Friedman. "Now that he is part of our team, he has changed the dynamic of the
firm and greatly raised the energy level in the office."

"David, Elizabeth and I had two choices on where to bring our expertise," said
Lesser. "We could have gone to either a large or medium sized firm. At
Friedman Schuman we found the intimacy and competitiveness of a medium sized
firm with the sophisticated services of larger firms. They are very strong
already in banking, real estate and business transaction, as well as other
areas such as litigation and wealth management."

Stern, who has worked with Lesser for more than 25 years at WolfBlock and
Lesser & Kaplin, concentrates his practice in the areas of commercial loan
workouts, bankruptcy, creditors' remedies and commercial litigation on behalf
of banks and financial institutions.

Grzywacz represents banks, commercial finance companies, private investment
groups, mezzanine funds, second lien funds and other non-bank lenders. She
also has substantial workout experience. Prior to joining WolfBlock, she was
clerk to Hon. Stephen S. Stripp, US Bankruptcy Court for the District of New
Jersey.

Grzywacz and Stern come to Friedman Schuman as shareholders and Lesser will
serve as "Of Counsel" -- all on a full-time basis.

"We are immensely proud to be able to bring such a strong financial services
team to our firm in such a timely fashion," said Schuman. "We are also
grateful to Brian M. Levinson, managing partner of the Alevistar Group, LLC
who helped us in this endeavor."

"This is another big step in our continuing plan for growth," said Schuman.

To accommodate growth, the firm recently relocated its headquarters to larger
space at 101 Greenwood Avenue across from the Jenkintown train station. With
this move, the firm nearly doubled its previous space acquiring more than
16,000 square feet.

"Over the past three years we have seen significant increases in revenues
annually," said Schuman. "Revenues grew more than 20 percent per year from
2006 through 2008. Projections for this year are very optimistic. Our goal is
to continue this impressive trend and to employ more than 30 lawyers in the
near future," he said.

Friedman Schuman P.C. was founded in 1988 by two attorneys, concentrating
primarily on business law. Over the years, it has transformed into a regional
law firm to better serve the changing needs of its client base. Today, the
firm concentrates in financial services; real estate law and transactions;
corporate law; municipal law; personal injury and commercial litigation;
business law; banking and estate administration; wealth management and estate
administration; and trademark and copyright registration. Friedman Schuman's
attorneys are licensed to practice in Pennsylvania, New Jersey, Delaware and
Florida.

SOURCE Friedman Schuman P.C.

Kerry Schuman or Peter Friedman, +1-215-635-7200, or Lawrence Lesser,
+1-610-909-1580, all of Friedman Schuman