For decades, Pittsburgh's largest law firm required equity partners to relinquish that status when they reached age 70. But next month, Kirkpatrick & Lockhart Preston Gates Ellis LLP partners will vote whether to abolish the stipulation.
As Mellon Financial Corp. and The Bank of New York Co. Inc. forge ahead with their $16.5 billion merger, the deal is raising concerns for business people in Pittsburgh, worrying vendors who may lose business and creating major holes in local real estate.
If practice makes perfect, practice groups can be the perfect way for a law firm to repackage its existing skills and market them to new clients.