Greenberg Traurig Turns Advisor to Mestel's Employee Stock Plan
An announcement on Tuesday revealed that, attorney Lynn Mestel's firms, Mestel & Company and legal-staffer Hire Counsel, have been sold to the employees. The stocks have been sold to HCMC Legal, Inc. employee stock ownership plan (ESOP). Qualified employees as well as contract attorneys are eligible to participate in the plan. Both the firms collectively operate 22 locations across the nation and a network of about 50,000 attorneys and legal staff. Greenberg Traurig is serving as an advisor to Mestel's companies for its ESOP. K&L Gates will be serving as counsel to private equity firm Long Point Capital.