Fort Lauderdale, Fla. – November 29, 2011 – Ruden McClosky announces that the United States Bankruptcy Court for the Southern District of Florida has approved the sale of its assets to the Greenspoon Marder law firm. As approved, the sale will result in combined operations totaling approximately 140 attorneys and 400 staff members located in 10 offices throughout the state.
The transaction positions Greenspoon Marder as one of Florida’s largest full-service law firms and provides Greenspoon Marder with greater access to new Florida markets where Ruden McClosky currently maintains a presence, including Miami, Naples and Port St. Lucie. Additionally, the deal bolsters the Greenspoon Marder brand in Fort Lauderdale, where both firms have enjoyed a longstanding history. Currently, Greenspoon Marder also has offices in Aventura, Boca Raton, West Palm Beach, Stuart and Orlando.
“Ruden McClosky has a rich history spanning more than five decades of providing exceptional client service,” said Michael Krul, managing director of Ruden McClosky. “While we will greatly miss the Ruden McClosky brand, we look forward to this next chapter and to continuing to deliver the same level of professionalism for which our firm has always been recognized.”
Approximately 50 Ruden McClosky attorneys will continue their practices under the Greenspoon Marder name, allowing the firm to expand its areas of legal practice to include new and emerging areas of law, such as: corporate securities; healthcare; intellectual property; public finance; international law and international tax.
In approving the sale, the court recognized that the transaction is consistent with the best interests of Ruden McClosky’s creditors and should proceed as anticipated.