Pashman Stein Walder Hayden P.C. Bankruptcy Practice Featured in Q&A on Being Named Finalist for the New Jersey Law Journal’s 2024 Dealmakers Award

After being named by the New Jersey Law Journal as finalist for the Dealmakers award in 2024, Pashman Stein Walder Hayden P.C.’s Bankruptcy, Restructuring & Creditors’ Rights practice’s chair, John W. Weiss, was featured in the New Jersey Law Journal Q&A.

In response to the questions as to how the economy and the “new normal” has affected the practice area, Weiss noted:

The economy and “new normal” have helped to support the growth and success of our Bankruptcy, Restructuring & Creditors’ Rights practice group over the past year in several ways, as an alternative for clients seeking sophisticated legal counsel but with a very efficient pricing model.

First, increasing pressure in the economy seems to be causing a rise in middle market distress which has resulted in significantly increased activity for our group over the past two years.  We expect this trend to continue, and also see increased distressed levels in areas of the economy that are particularly sensitive to inflationary pressure and cost increases. 

Second, the “new normal” has provided our firm with greater flexibility when it comes to the time our lawyers spend in the office versus working remotely. While we all enjoy spending time in the office in person with our colleagues, this increased flexibility has bolstered our ability to cast a wider net in various jurisdictions when recruiting talent for our group. We find that the “new normal” works effectively in our group. 

To read the full article, click here.

The New Jersey Legal Awards are published by the New Jersey Law Journal. A description of the selection methodology can be found at Methodology: New Jersey Legal Awards (NJLA) 2024.

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