Michael S. Stein Reflects on Pashman Stein Walder Hayden P.C.’s Litigation and Restructuring Success in 2025 with New Jersey Law Journal

Michael S. Stein, managing partner of Pashman Stein Walder Hayden P.C., was recently quoted in the New Jersey Law Journal in response to questions about growth and finances in 2025. Stein discussed the firm’s strong performance amid market uncertainty and noted that 2025 outpaced the prior year, attributing the firm’s growth to sustained demand across key practice areas.

"Twenty twenty-four was a really good year for us from a direct margin standpoint, but 2025 blew it away. It was quite a bit better," Pashman Stein Walder Hayden managing partner Michael Stein said. "It makes sense. Litigation was hot all year. The restructuring group was white hot all year. Transactions held steady. Those were solid."

With regard to questions regarding billing rate increases:

“Costs are flattening out a little bit," Stein said. "The rate increases were just to keep up with the increases in costs, whether they be salary or other costs. When those don't go up as much, we can keep the rate raises more modest."

Discussing AI, Stein said, "All law firms are moving at a rapid rate to make sure we have the appropriate tools and guardrails and separately developing practice areas since businesses have lots of questions. But we're all kind of drinking from the [firehose], so I'm not sure how you quantify that."

To read the full article in New Jersey Law Journal, click here.