NEW YORK, August 15, 2007- LAWFUEL – The Law Newswire – The lawyers of Greenberg Traurig have again utilized the firm’s geographic and practice platform to adapt to an urgent market need.
Given the dramatic changes and challenges in the subprime and mortgage markets generally, the firm has formalized a multidisciplinary group of attorneys and governmental affairs professionals experienced in advising clients with exposure to the new market climate. These professionals are drawn from the Structured Finance, Litigation, Business Reorganization & Bankruptcy, Governmental Affairs and Real Estate practices. They work collaboratively to understand the current trends and develop creative legal services for the firm’s clients.
The Subprime and Mortgage Markets Group serves clients who are seeking to evaluate and maximize their investments in the subprime and mortgage space generally, gauge and respond to litigation challenges and modify their investment strategies as the market and legal guidelines evolve. Attorneys in the group have wide-ranging experience drafting and negotiating securitization agreements, as well as litigating the lender liability, common law and securities claims that form the bases of the current lawsuits now inundating these markets. The firm’s Business Reorganization & Bankruptcy practice is widely recognized for having far-reaching experience with these issues, particularly within the bankruptcy process and in the various bankruptcy courts throughout the United States.
The firm’s well known Governmental Affairs practice will also be a key part of the Group’s offering. For example, only last week the Massachusetts Attorney General proposed new regulations governing subprime lending. These regulations are expected to make significant changes in lending practices. Such changes will undoubtedly include new disclosure requirements, as well as the establishment of government-enforced underwriting standards. It is expected that these regulations will serve as models elsewhere in the country, and may well be accompanied by other federal and state legislative efforts focused on subprime lending. The bipartisan Greenberg Traurig team includes a former Massachusetts Attorney General and other former elected officials, U.S Attorneys, top aides and policy officials from the U.S. Congress, executive branch and state governments, and has strength in issues relating to financial institutions.
“Our Subprime and Mortgage Markets Group is another example of Greenberg Traurig’s ability to collaboratively utilize our unmatched national platform and diverse experience in order to deliver a wide range of practical strategies to our clients in real time, as they must urgently react to today’s market challenges”, said Richard A. Rosenbaum, President of Greenberg Traurig.
About Greenberg Traurig
Greenberg Traurig, LLP is an international, full-service law firm with more than 1700 attorneys and governmental affairs professionals in the U.S., Europe and Asia. The firm is ranked seventh on The American Lawyer’s Am Law 100 listing of the largest law firms in the U.S., based on number of lawyers.
Greenberg Traurig serves clients from offices in: Albany, NY; Amsterdam, The Netherlands; Atlanta, GA; Boca Raton, FL; Boston, MA; Chicago, IL; Dallas, TX; Denver, CO; Fort Lauderdale, FL; Houston, TX; Las Vegas, NV; Los Angeles, CA; Miami, FL; Morristown, NJ; New York, NY; Orange County, CA; Orlando, FL; Philadelphia, PA; Phoenix, AZ; Sacramento, CA; Silicon Valley, CA; Tallahassee, FL; Tampa Bay, FL; Tokyo, Japan; Tysons Corner, VA; Washington, D.C.; West Palm Beach, FL; Wilmington, DE; and Zurich, Switzerland. Additionally, the firm has strategic alliances with the following independent law firms: Olswang, London and Brussels; Studio Santa Maria, Milan and Rome; and Hayabusa Asuka Law Offices in Tokyo.
For additional information, please visit the firm’s Web site at www.gtlaw.com.