PAWTUCKET – Shechtman Halperin Savage LLP has agreed to sell its default practices group to Brock & Scott PLLC, the company announced Tuesday.
The company said it had negotiated that part of the acquisition was that Brock & Scott, a North Carolina-based entity, retained the work of the default practice group in SHS’ location in Pawtucket and that the company will maintain and expand the practice group in Rhode Island.
SHS Managing Partner Preston W. Halperin said the negotiated deal “will keep over 70 jobs in Rhode Island,” and the firms will expect to meet to plan for the transition on Oct. 1.
“Our default practice group has been highly successful and we are proud of the client services we have provided,” Halperin added in a statement. “That said, we felt that the time was right to enter into an acquisition agreement, as we are seeing a trend in consolidation of default practice law firms across the nation. This transaction gives us the ability to focus our efforts on our areas of recent growth and continue to provide traditional legal services to our clients in all non-default practice areas, including civil litigation, government services, construction law, commercial real estate development, corporate law, municipal finance, solar and renewable energy, land use and zoning, receiverships, trusts and estates, and family law.”
Details of the transaction were not disclosed.
Chris Bergenheim is the PBN web editor.