A powerhouse Philadelphia real estate law firm is under new management.

Bradley Krouse, the chair of the Real Estate and Finance department at Klehr Harrison Harvey Branzburg, has been named the managing partner of the 85-member law firm.

Krouse, 52, is a Lower Merion native who sits on the boards of the Philadelphia 76ers and the New Jersey Devils.  "I'm a big sports fan, so you'll see me at nearly all the Sixers games," he said.

Current managing partner Bill Harvey, who has led the firm for 22 years, will hand over the reins to Krouse on Jan. 1.

"Brad has been a leader in the firm for years," said Harvey. "He is one of Philadelphia's best lawyers, well respected both internally and externally, who has led and managed our Real Estate and Finance Department into one of the strongest in the region." Harvey, an aggressive litigator, will stay with the firm to focus on his thriving practice.

Klehr Harrison's clients include the region's mightiest real estate concerns, including Campus Apartments, Dranoff Properties, the Goldenberg Group, Keystone Partners,  Lubert Adler, Parkway Corp. and Post Brothers.

"For a firm of our size we punch above our weight," said Krouse.

Krouse is a graduate of Tufts University and the law school at Duke University. He began his career at Ballard Spahr and moved over to Klehr Harrison in 1995, "because it's a very entrepreneurial firm that fit me well."

Krouse rose rapidly at Klehr Harrison to department chair of Real Estate where he grew the practice from four lawyers to 30.  He described his ascendancy to managing partner as "a natural progression," and not something he had long had his eye on.

"Klehr Harrison has been a very successful law firm over the years, we don't publish our numbers like big law does, but it's a very profitable firm," Krouse said. "From the business side we'll continue to do what we've done successfully. We'll make changes to guarantee the long term success of the firm. We'll invest in technology enhancements and artificial intelligence, which will drive efficiencies to clients."

As part of the transition, the firm is launching a three-man executive committee to share management tasks. The troika, led by Krouse, will also include litigation head Michael Coran and corporate and securities chair Keith Kaplan.