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Statement by John D. Fanburg; WolfBlock



Press Release - March 24, 2009

In a move that underscores our financial strength and commitment to our nearly 40-year history of serving the New Jersey market, the partners of the Roseland, NJ, office of WolfBlock (formerly Brach Eichler), have confirmed they will continue to practice as usual despite WolfBlock LLP's announcement that it has decided to commence an orderly unwinding of the firm's business.

WolfBlock will remain in the practice of law for several months to protect the interests of our clients, employees and creditors. The decision to unwind was reached in view of a confluence of unfavorable factors: the economic recession; the constriction of credit occasioned by the ongoing banking crisis; and the intended and anticipated departure of significant partners and practices outside of the Roseland office. The WolfBlock partners concluded that continued efforts to finance the firm's operations in the face of these obstacles was unwise and could risk greater harm to our valued clients and employees than if the situation were to be managed now in an orderly and responsible manner.

We in Roseland are disappointed that WolfBlock had to come to this decision, but both WolfBlock and the Roseland office are deeply committed to working through this process in a professional manner to assure a smooth transition for our clients and employees.

The Roseland partners have always had a very sound and fiscally responsible approach, something that has proven valuable in these uncertain times. In fact, revenue per lawyer in the Roseland office of WolfBlock for fiscal year 2008 was higher than in 2007, and more profitable than any of WolfBlock’s eight other offices last year, as well.

We will continue to demonstrate that fiscal responsibility and look toward continued growth either as an autonomous firm offering health care, real estate (including environmental, land use and tax appeals), litigation, private client (including family law), and employment law services or affiliated with another firm as we carefully evaluate the many options before us.

About Brach Eichler L.L.C.

Brach Eichler L.L.C. is a full-service law firm based in Roseland, N.J. With nearly 60 attorneys, the firm is focused in the following practice areas: health care, real estate (including environmental, land use and tax appeals), litigation, trusts and estates, corporate, and employment. Brach Eichler attorneys, many of whom have practiced law together for four decades, have been recognized by clients and peers alike in Best Lawyers in America, Chambers USA, and New Jersey Super Lawyers.


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