Epstein Becker & Green announced yesterday that the firm has added a seven-lawyer bankruptcy and corporate reorganization team to the firm's New York office.
The addition of the team, which includes four partners and three associates from Dreier, comes two weeks after the firm announced that it would be laying off 23 lawyers and 30 staff members. The firm, which is based in New York and Washington, declined to say how many people were affected in Washington.
George Sape, the firm's managing partner, says the move will allow the firm to gain a foothold in the bankruptcy sector, an area where he says the firm previously had to refer clients to other firms.
"It's tricky to manage a service business in a down economy," Sape tells the BLT. "The layoffs were tough. They were very very difficult to do. But that doesn't mean that all client needs have suffered uniformly."
Sape says he expects bankruptcy to be a growing area as the economic slump moves forward, and the addition of the new team will better position Epstein Becker & Green to balance the services the firm provides. Sape adds that the team will work out of the firm's Washington office as needed.
The lawyers joining the firm are partners Paul Traub, Steven Fox, Wendy Marcari and Maura Russell. The firm has also added associates Brett Nizzo, Anthony Stumbo, and Bradford Tobin.