Arnstein & Lehr Launches New Commercial Solutions Service Group
 

May 30, 2008 | Chicago

Arnstein & Lehr LLP recently announced the formation of its Commercial Solutions Service Group to assist clients in navigating the increasingly complex legal issues that have emerged in connection with situations of financial distress in today’s economy. 

The Service Group is comprised of highly experienced attorneys from its offices in both Chicago and Florida, who work in a variety of legal disciplines including Arnstein & Lehr’s Banks & Financial Institutions; Bankruptcy & Creditors' Rights; Condominium & Community Associations; Construction; Litigation; Real Estate; and Tax Practice Groups. 

“The formation of this group is not an attempt to provide lip service to an emerging business opportunity as we have witnessed law firms do so often in the past,” said Dino Armiros, partner with Arnstein & Lehr and Chicago co-chair of the new Service Group. “Rather, this Service Group is a reflection of the complex business issues facing companies and financial institutions in today’s economy. Clients increasingly require legal counsel that understands the intersecting spheres of decisions and considerations that exist when faced with a foreclosure or other financial hardship. This Service Group is designed to appreciate those challenges and help clients both protect and maximize the value of their assets in a contracting economy.”

The new Service Group anticipates aiding clients in a variety of situations, including:

·         Banks weighing their legal options when faced with the possibility of taking over management of a property that

          is partially-built

·         Builders and developers facing construction issues and financial difficulties as a result of the housing collapse

·         Protecting contractors with enforcement of mechanics’ liens on real estate

·         Counseling condo associations whose funding has been impacted and limited by foreclosure proceedings

·         Aiding lenders and borrowers in avoiding lengthy Chapter 11 proceedings

·         Navigating the myriad tax concerns that emerge during workouts

·         Aiding retailers and landlords of retail properties during bankruptcy proceedings

“In many ways, banks, contractors, landlords and other organizations have entered uncharted territory in this economy,” explained Samuel Levine, the group’s other chair. “This Service Group is designed to help companies explore every option and opportunity as opposed to the traditional ‘silo’ approach in which every problem requires the same solution. Today’s volatile market conditions present unique situations that require unique and creative legal solutions.”

For more information on the group and its services, please contact Dino Armiros at (312) 984-6664 or karmiros@arnstein.com.