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Century-Old Boston Law Firm's Partners Likely to Announce Major Restructuring.
Knight Ridder/Tribune Business News, August, 2002
By Matthew Brelis, The Boston Globe Knight Ridder/Tribune Business News
Aug. 2--Partners at Peabody & Arnold, a century-old Boston law firm, are expected to announce a major restructuring in the coming weeks in which many areas of specialization will be trimmed and the attorneys will most likely go, as a group, to other firms.
"This firm is not dissolving, it will continue, but there will be a reorganization or a restructuring," said managing partner David W. Fitts. The reorganization talks in the 95-lawyer firm are focusing on the different needs and clients of the different legal groups in the firm and which groups' business plans work well together.
Times are tough for midsize law firms in Boston and around the nation, legal...
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