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Milberg Weiss Bershad Hynes & Lerach, the nation’s largest class action litigation firm, is coming to Philadelphia with the help of a mother-daughter team formerly from Berger & Montague. The New York-based Milberg firm was interested in bringing aboard Sandra and Laura Stein, who lobby corporations and institutional investors for class action securities litigation work. But since the duo was situated in Philadelphia and was not interested in relocating to the New York area, Milberg Weiss agreed to open a Center City office. “We wanted to bring in the Steins because we wanted to open a corporate governance educational program for institutional investors and corporations about what securities litigation does as a deterrence,” Milberg Weiss managing partner Melvyn Weiss said. “And we’ve always had major litigation in Philadelphia.” Sandra Stein will join the firm as counsel while daughter Laura will be an associate. Another Berger & Montague lawyer, Marc Weinberg, is also making the move with the Steins and will join the firm as an associate. “We know the quality of Milberg Weiss’ work, and when they approached us we thought we could help our Philadelphia client base with their additional expertise in the securities litigation field.” The Steins do not litigate cases. Laura Stein described their practice as “case starting” and said she believes the two are one of the only mother-daughter teams around. At 160 lawyers with offices in New York, San Diego, San Francisco, Los Angeles and Boca Raton, Weiss said his firm is probably three times the size of the next largest class action boutique. The bulk of the firm’s practice has always centered around securities class action on behalf of defrauded investors, consumers and companies. And while that still makes up more than half the firm’s caseload, Weiss said the firm now handles consumer fraud and life insurance marketing fraud cases as well as a new joint venture with a firm handling discrimination cases.

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