Background
Founded in 1983, Bernstein Litowitz Berger & Grossmann LLP (BLB&G) is a premier law firm specializing in securities litigation, corporate governance, and shareholder rights. The firm is dedicated to representing institutional investors, including public pension funds, Taft-Hartley funds, state attorneys general, state treasurers, and private asset managers. With a mission to hold corporate wrongdoers accountable and improve corporate business practices, BLB&G has secured over $40 billion in recoveries for investors. The firm's commitment to diversity, equity, and inclusion is foundational, fostering a workplace that values varied perspectives and backgrounds.
Key Strategic Focus
BLB&G's strategic focus encompasses:
- Securities Fraud Litigation: Representing institutional investors in complex securities fraud cases, achieving landmark recoveries such as:
- $6.2 billion in the WorldCom, Inc. Securities Litigation.
- $3.3 billion in the Cendant Corporation Securities Litigation.
- $2.43 billion in the Bank of America Corp. Securities Litigation.
- $1.07 billion in the Nortel Networks Corporation Securities Litigation.
- $1.06 billion in the Merck & Co., Inc. Securities Litigation.
- $1.05 billion in the McKesson HBOC, Inc. Securities Litigation.
- $1 billion in the Wells Fargo & Company Securities Litigation.
- Corporate Governance and Shareholder Rights: Advocating for shareholders in fiduciary duty cases to enhance corporate governance and protect shareholder interests.
- SPAC Litigation: Addressing misconduct related to special purpose acquisition companies, holding sponsors and boards accountable for conflicts of interest and statutory violations.
- Asset Protection and Fraud Monitoring: Providing comprehensive analysis and reporting on potential claims impacting institutional clients' holdings.
- Distressed Debt and Bankruptcy: Representing creditors' committees, bankruptcy trustees, and investors in fixed income and distressed debt securities.
- Commercial Litigation: Handling complex commercial litigation involving breach of contract, accountants' liability, and other business disputes.
Financials and Funding
As of June 2025, BLB&G's annual revenue is estimated at $35 million, with approximately 198 employees. The firm operates on a contingency fee basis, aligning its success with that of its clients.
Technological Platform and Innovation
BLB&G integrates advanced technologies to enhance its legal services, including:
- Google Cloud: Utilized for scalable and secure data storage and processing.
- Nginx: Employed for efficient web server operations.
- Security Enhancements: Implementing X-XSS-Protection and X-Content-Type-Options to safeguard client data.
Leadership Team
BLB&G's leadership comprises experienced litigators, including:
- Max W. Berger: Founding Partner, recognized for his role in securing significant securities fraud recoveries.
- Salvatore J. Graziano: Partner, noted for his expertise in securities litigation.
- Hannah Ross: Partner, acknowledged for her contributions to securities and corporate governance litigation.
- Gerald Silk: Partner, specializing in representing institutional investors in securities litigation.
- Jeroen van Kwawegen: Partner, focusing on corporate governance and shareholder rights.
Competitor Profile
BLB&G operates in a competitive legal landscape, with key competitors including:
- Pomerantz LLP: Specializes in securities litigation and corporate governance.
- Grant & Eisenhofer: Focuses on securities, antitrust, and corporate governance litigation.
- Robbins Geller Rudman & Dowd LLP: Known for securities class action and shareholder derivative litigation.
- Cohen Milstein Sellers & Toll PLLC: Engages in securities fraud, antitrust, and consumer protection cases.
- Hagens Berman Sobol Shapiro LLP: Handles securities, antitrust, and consumer rights litigation.
Strategic Collaborations and Partnerships
BLB&G collaborates with institutional investors, public pension funds, and other stakeholders to pursue litigation that promotes corporate accountability and governance reforms.
Operational Insights
BLB&G's selective case approach and contingency fee structure ensure alignment with client interests, focusing on high-impact cases that drive significant recoveries and corporate reforms.
Strategic Opportunities and Future Directions
BLB&G aims to expand its influence in securities litigation, corporate governance, and shareholder rights by:
- Enhancing Technological Capabilities: Investing in advanced technologies to improve litigation efficiency and client service.
- Broadening Client Base: Engaging with a diverse range of institutional investors to address emerging legal challenges.
- Advocating for Policy Reforms: Participating in legal and policy discussions to shape corporate governance standards.
Contact Information
- Website: www.blbglaw.com
- LinkedIn: Bernstein Litowitz Berger & Grossmann LLP
- Headquarters: 1251 Avenue of the Americas, New York, NY 10020
