Last year, the firm reorganized into six practice areas - operational effectiveness, health care, high techology, consumer goods, financial services and mergers and acquisitions.

In March 1885 the partnership of Fisk & Hatch was dissolved, and the firm reorganized under the name of Harvey Fisk & Sons.

As a result, some firms, including Merrill Lynch & Company and Shearson Lehman Brothers, are reorganizing their entire operations to cut costs.

"Think of a recession as a time when firms reorganize," he said.

In 1976, the firm reorganized so that four national directors oversaw four practice areas.

In 1853, the firm reorganized yet again, doubling its capital investment and adopting the name Lackawanna Iron and Coal Company.

The firm reorganizes and diversifies its activities while launching out in the production of industrial plants without to give up its shutter arms manufacturer.

This is the first time in nearly 23 years that the firm has reorganized its top management committees; it said it was doing so to better reflect its changing lines of businesses and operations.

Another Manhattan-based firm, GVA Williams, has reorganized its services operations to separate them from family-held real estate assets and to give top brokers a stake in the business.

Afterwards, the firm reorganized, with James Jackson joining the partnership, and became the New Jersey Locomotive and Machine Company.