John L. Kraft, one of the most widely known names in New Jersey bond counsel circles, has announced his intention to leave the firm he founded, Kraft & McManimon, because of disagreements over his future role there.

Kraft & McManimon, which will now be called McManimon & Scotland, is the top-ranked bond counsel firm in New Jersey so far this year, handling 75 issues and $1.4 billion of state in the first three quarters, according to Securities Data Co. The firm ranks 34 nationwide.

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