Prince Lobel Tye LLP today announced that Robert P. Maloney has decided to step down as managing partner to concentrate on new initiatives on behalf of the firm. Since assuming the role of managing partner in 1999, under Bob’s leadership Prince Lobel grew from a small group of practicing attorneys to a vibrant, successful business now employing close to 110 people. As a direct result of his guidance and direction, the firm developed and implemented an effective strategic plan and is now recognized by peers and corporate leaders as a leading law firm and dynamic business.
With Bob’s steady hand and solid business acumen, Prince Lobel was able to weather the recent economic crisis by successfully developing creative solutions to complex issues, continuing to exceed client expectations, and concluding 2010 as its most successful financial year ever while avoiding any layoffs.
Bob will remain chair of the firm’s successful Corporate Practice Group and will continue to grow its significant client base and legal talent. In addition, Bob will lead two new initiatives, Prince Lobel Ventures and the Prince Lobel Charitable Foundation.
“It was time for another challenge in my life,” stated Bob. “I thoroughly enjoyed the last 11 years and learned a lot about the business of law. Now my partners are giving me the opportunity to lead two new areas for the firm. The first, Prince Lobel Ventures, is designed to find new ways to create value for the firm. It allows me to use my business skills for our firm to become a leader in alternative strategies which will make us more attractive to clients and other attorneys. The second initiative is the Prince Lobel Charitable Foundation, which I will co-chair with Walter Prince. Walter and I grew up in Boston, and this initiative will allow us to be better corporate citizens and give back to those less fortunate in this great city.”
“We owe him a great deal of gratitude for a job well done,” stated Prince Lobel Partner Walter B. Prince. “Thanks to Bob, we have a great platform on which to build and we are looking forward to a bright future for Prince Lobel,” he added.
Elected to fill the managing partner position is Craig M. Tateronis, the founder of Prince Lobel Renewables, Prince Lobel Telecommunications Services Group, and, until recently, chair of the firm’s Real Estate Practice Group. Bob added, “in addition to being a skilled attorney, Craig has an impeccable sense for business. He will make an ideal managing partner and I look forward to working with him during this transition.”