Tad LeVan, '95 Opens LeVan Law Group
LeVan Law Group Takes Boutique Approach In Making the Billable Hour Obsolete
(Philadelphia, PA) – A new Philadelphia law firm has opened based on an innovative industry model that eschews the billable hour in favor of flat fee and contingency arrangements: LeVan Law Group LLC is located on the 27th floor of One Logan Square at 18th & Cherry Streets, and can be reached at (215) 561-1500.
“The billable hour has long been the industry standard for high-stakes litigation matters,” noted founder Peter H. “Tad” LeVan, Jr. “But the billable hour model is broken. It rewards delay and inefficiency, rather than the contrary, and it causes massive financial unpredictability for the client.
More troublingly, it places the economic interests of the attorney above the client, which is detrimental to creating a relationship that works best as a partnership.”
LeVan has launched the firm that bears his name on the premise that clients are entitled to high-quality litigation and appellate services provided under predictable fee arrangements.The firm offers flat-fees and other alternative fee structures (including partial and full contingency fees, collared arrangements, and other non-traditional fees).
A trial and appellate attorney well known in the area of high-stakes litigation, LeVan was formerly a partner with Kessler Topaz Meltzer & Check in Radnor, Pennsylvania, where he acted as lead counsel for the firm’s "class of plans" securities lending litigation cases, representing some of the largest pension and retirement plans in the country against J.P. Morgan Chase and the Bank of New York Mellon. LeVan also acted as lead counsel in dozens of ERISA class actions brought against such Fortune 500 corporations as Ford, Merck, Schering-Plough, Bear Stearns, Lincoln Financial and Fifth-Third Bancorp, and was lead counsel for a class of upstate New York Taft-Hartley pension plans that suffered losses in connection with the Bernard Madoff fraud.
In 2012, LeVan settled a handful of novel ERISA matters for nearly $700 million, including: Board of Trustees of the AFTRA Retirement Fund, et al. v. JPMorgan Chase Bank, N.A. (S.D.N.Y.) -- $150 million settlement (court-appointed lead counsel); CompSource Oklahoma, et al. v. BNY Mellon, N.A., et al. (W.D. Ok.) -- $280 million settlement (court-appointed co-lead counsel); and In re Beacon Associates Litigation (S.D.N.Y.) -- $219 million settlement (court-appointed ERISA lead counsel). In addition to trial work, LeVan acted as lead appellate counsel for the firm's highest-profile ERISA matters, arguing important cases before the United States Courts of Appeals for the Second, Third and Sixth Circuits.
Prior to his work with Kessler Topaz, LeVan spent more than 10 years with Hangley Aronchick Segal & Pudlin, where he was a shareholder and an elected member of the firm’s Board of Directors. While at Hangley, he first-chaired numerous jury and non-jury complex commercial litigation matters involving alleged breach of contract, patent infringement, non-compete agreements, theft of trade secrets, and breach of fiduciary duty, among others. He also represented then-Governor Rendell, Pennsylvania executive agencies, and the City of Philadelphia in several high-profile litigation matters involving alleged First Amendment retaliation, separation of power, constitutional authority, and agency rule-making.
LeVan has been recognized as a Pennsylvania Super Lawyer, is an Academy of Advocacy Fellow, and is a recipient of the Equal Justice Award given by Community Legal Services of Philadelphia in recognition of his commitment to public interest law. LeVan is a former federal law clerk and holds a J.D. from the University of Cincinnati College of Law.
LeVan is admitted to the bars of Pennsylvania, New Jersey and New York; the U.S. Courts of Appeals for the Second, Third, Sixth and Federal Circuits; U.S. District Courts throughout the country and the Supreme Court of the United States.
For more information, visit www.levanlawgroup.com.