PHILADELPHIA, PA, November 16, 2009  –  Stevens & Lee announced today that Joseph W. “Chip” Marshall, III has joined as Vice Chairman of the firm and will also serve in the same capacity for Griffin, the firm’s affiliated investment bank.

Mr. Marshall is a prominent and highly regarded figure in the health care and higher education industries and the Greater Philadelphia business community. He is the former long-time Chairman and CEO of Temple University Health System, one of the largest health care organizations in Pennsylvania. He is also a former Director of Health Partners, a provider-owned Medicaid/Medicare Health Maintenance Organization operating in Greater Philadelphia.

“Chip’s leadership, visibility and expertise in health care and other areas will be of great value to us in capitalizing on and expanding opportunities for our clients,“ said Ernie Choquette, President of Stevens & Lee. “We are pleased to have him join the firm.”

“We look forward to working with Chip,” said Joseph M. Harenza, CEO and Senior Managing Director of Griffin. “He brings a wealth of knowledge and industry expertise to Griffin that will allow us to enhance the services we offer to clients operating in the health care and related industries throughout the Commonwealth, “ said Mr. Harenza. “This is especially important given the current climate and need for health care systems to consolidate, both horizontally and vertically.”

“The firm has an enterprise unlike any other in the region,” said Mr. Marshall. “The fusion of sophisticated legal services, investment banking services and government affairs advisory is unmatched by any other professional services firm.”

“I look forward to joining the Stevens & Lee/Griffin platform and working to bring the benefits of its vertically integrated team to businesses in the Greater Philadelphia marketplace and across the Commonwealth,” said Mr. Marshall.

Mr. Marshall has held significant government-appointed positions, including being one of the original appointees to the seven-member Pennsylvania Gaming Control Board, which has jurisdiction over all aspects of the authorization, implementation and operation of slot machines in the Commonwealth.

Mr. Marshall also served on the Medicaid Commission created by Congress and established by The Honorable Michael O. Leavitt, Secretary of the U.S. Department of Health & Human Services, where he advised the Secretary on ways to modernize the Medicaid program to provide high-quality health care to its beneficiaries in a financially sustainable way.

He has also been a member of the Temple University Board of Trustees for nearly 20 years and also serves on the Salus University Board of Trustees.

Mr. Marshall received a B.A. from Temple University in 1975, a J.D. from Temple University School of Law in 1979 and an honorary D.H.L. from Holy Family University in 2005.



ABOUT STEVENS & LEE
Among the 200 largest law firms in the nation, Stevens & Lee is part of a multidisciplinary professional services platform, which in addition to Griffin, a FINRA-licensed investment bank, also consists of a D&O and E&O insurance risk consulting business, a swap and derivative advisory business, federal and state lobbying units, a health care risk consulting business and a government incentives and sales and use tax consulting business.

The firm’s 240 multidisciplinary professionals represent clients throughout the Mid-Atlantic region and across the country from 15 offices in: Philadelphia, Reading, Harrisburg, Valley Forge, Lancaster, the Lehigh Valley, Scranton and Wilkes-Barre, Pennsylvania; Princeton and Cherry Hill, New Jersey; Wilmington, Delaware; New York City and Charleston, South Carolina.

ABOUT GRIFFIN HOLDINGS GROUP
Griffin Holdings Group is the parent company of Griffin Financial Group, which provides merger and acquisition advisory services, including structuring and financing transactions, research and analysis relating to transactions and strategic consulting services. Griffin also assists businesses in obtaining financing through private placements of debt and equity, including those businesses facing special situations, such as financial restructuring and turnarounds.

Griffin is an SEC-registered broker-dealer and FINRA member. Among our clients are health care organizations, private equity groups, financial institutions, manufacturers and distributors and emerging and growth businesses.