NEW YORK, Oct. 18, 2005 (PRIMEZONE) -- "You don't need to be a national law firm to dominate a practice area that has been traditionally crowded by behemoth firms," says Gregory Sichenzia, founding member of New York-based Sichenzia Ross Friedman Ference LLP (SRFF). Since June 2004, SRFF has been ranked first among all U.S. laws firms in the number of issuers advised in PIPEs transactions. Year-to-date 2005, SRFF has been credited with representing 43 such public issuers, while the next closest firm has represented only 24 such transactions.
More significantly, the October 15th PIPEs Scorecard shows that the total dollar amount the firm has represented stands at $178 million, placing the firm 10th among all law firms nationally in this category. This steady climb reflects both SRFF's growing deal size as well as its high number of placements advised. The firm's average transaction size has grown to $4.2 million, up from $2.72 million in 2004. By achieving these milestones, SRFF has clearly distinguished itself as the premier PIPEs law firm in the nation.
"Our PIPEs transaction volume has increased by over 50% this year and we have added several new attorneys, both junior and senior, to meet this increased demand," Sichenzia points out. "In fact, we had to double our number of attorneys this year. These new additions allow us to give our clients the attention they deserve and help us maintain our prompt turnaround time, which has become a hallmark of our practice."
About Sichenzia Ross Friedman Ference LLP
Sichenzia Ross Friedman Ference LLP provides experienced professional representation in all matters involving the securities industry as well as general corporate and litigation matters. Our clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships and other entities. We also advise institutional investors on transactions involving complex securities law considerations. Our areas of expertise include corporate and commercial transactions, securities litigation, and arbitration, administrative practice before regulatory agencies, mergers and acquisitions and broker-dealer regulation. For additional information about Sichenzia Ross Friedman Ference's nationally ranked PIPEs practice, go to www.srff.com.