Joshua Cohen was quoted in the American Bar Association Journal, the online publication for the American Bar Association. The article, "Law firms are staffing up on bankruptcy lawyers in anticipation of a post-COVID-19 boom," discusses the unknowns about our post-coronavirus future, the probability of an onslaught of commercial bankruptcies and how law firms are responding by restructuring practice groups in anticipation of increased demand. Cohen explains, "when times are good, our tax, corporate, securities, real estate and energy partners are all busy in their disciplines. But when the bottom drops out, we want to keep everyone full engaged." He further explains, "[Day Pitney] takes a multidisciplinary approach to our bankruptcy practice. To the extent we find we still need to fill holes, we'll do that."
Cohen also expects the bankruptcy leaders will be in the hospitality, main street retail and oil and gas sectors, "not big-box stores. Real estate will be an issue as tenants can't pay their rents, and there will be another wave of airline bankruptcies. It still depends in part on who gets bailed out," he explains.
Read the full article here.
On July 7, Michael Kaufman will participate as faculty on Strafford's 90-minute Q&A style webinar, "Contribution Agreements: Joint Liability and Rights of Contribution Under Loan Guaranties."
Day Pitney Alert
On January 9, partner Michael Kaufman co-presented a live CLE webinar, "Intercorporate Guaranties and Integrated Transactions: Avoiding Fraudulent Conveyance Exposure in Bankruptcy," sponsored by Strafford.
Doug Gillette and Bill Goddard will be featured panelists during the UConn School of Law's Symposium on Municipal Distress on Friday, September 15.
On May 5, Josh Cohen moderated a panel at the 11th annual Credit & Bankruptcy Symposium, hosted by ABI, Turnaround Management Association Connecticut and Northeast chapters and the New York Institute of Credit.
Day Pitney Press Release
Josh Cohen, co-chair of Day Pitney's Bankruptcy and Restructuring practice, was quoted in a Law360 article, "Oil & Gas Bankruptcies May Hit Snags Amid FERC Turf War."
The Hartford Business Journal featured Laurie Mallach in its article, "Chief Talent Officers Arm Law Firms for Battle Over Top-Performing Lawyers," which discusses the CTO position responsibilities, challenges and evolving scope.
Day Pitney Announcement
Day Pitney Partner Joy Harmon Sperling will present on a panel entitled "How to Navigate Debt Collection Restrictions, Manage Liquidity Challenges, and Reconcile Opposing Demands from Consumers and Investors as a Servicer," at the 27th American Conference Institute National Forum on Residential Mortgage Regulatory Enforcement and Litigation.