Business of Law
Once-merged law firms separate, citing conflicts
Posted Jan 16, 2013 11:59 AM CDT
By Martha Neil
When Paul Sciocchetti and Tony Ianniello merged their upstate New York law firms in late 2011, they expected Ianniello Anderson Sciocchetti & Reilly to be more successful together than they had been as separate entities.
But in fact, in a struggling real estate market, the 15 attorneys in the merged firm often found themselves on opposite sides of the same deals, requiring one to step aside. So the partners amicably decided to untie the knot, the Business Review reports.
“You can’t walk away from every fourth or fifth file because you have a conflict," Sciocchetti told the publication. "We did this to expand the business, and in reality it’s just difficult because you have constant conflict.”