Pashman Stein’s Bankruptcy, Restructuring & Creditors’ Rights Practice and Expansion into Delaware Featured in Law360
Pashman Stein Walder Hayden’s Bankruptcy, Restructuring & Creditors’ Rights practice was featured in Law360 Pulse article, “Pashman Stein Leaders on New Bankruptcy Team, Del. Office.” Michael S. Stein, firm Chair and Managing Partner, and John W. Weiss, Chair of the firm’s Bankruptcy, Restructuring & Creditors’ Rights practice, discuss the firm’s decision to establish a bankruptcy practice and move into Delaware, including the recent hiring of partner Joseph C. Barsalona II, based in the firm’s new Delaware office:
Stein: We have started by hiring the right people, namely well-respected practitioners from prominent firms, with strong backgrounds and skill sets. The attorneys in our bankruptcy, restructuring and creditors' rights group are well known and respected in the restructuring industry and have deep relationships with potential clients and referral sources throughout the country. We believe those reputations and relationships will pay dividends for our firm, particularly in jurisdictions where Pashman Stein can also serve as local or efficiency counsel.
Weiss: Importantly, our rate structure is extremely competitive and should provide significant opportunities to provide enhanced value to clients while still offering them the same sophisticated representation they have grown to expect through working with our attorneys at their prior firms. Pashman Stein is completely committed to the growth and success of this practice and will leverage whatever resources necessary to ensure its continued growth and success. And our clients will be the ultimate beneficiaries, in realizing the benefits of this top-notch practice at far reduced expense.
Discussing the addition of partner Joseph C. Barsalona II to the team, Weiss commented:
Joe and I got to know each other over the past few years while working together on a matter, and the comfort we had with each other gave rise to discussions regarding the possibility of Joe joining Pashman Stein, and Joe's ultimate decision to join the firm.
It just seemed like a perfect fit, and opening the Delaware office now before the further downturn in the economy that seems somewhat inevitable made perfect sense to us as a firm. The stars admittedly aligned a bit faster than any of us anticipated, but this plan was always in our minds and made imminent sense from a strategic perspective.
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