Overview As a Service Partner/Junior Partner, you will lead lender-focused matters in distressed credit and recovery, advising banks and servicers on workouts, restructurings, and enforcement. You'll collaborate with cross-functional teams to protect collateral, maximize recovery, and craft practical strategies for troubled assets. You will engage sophisticated institutional clients and contribute to a growing national practice focused on creditor rights and recovery initiatives. This role offers leadership opportunities and the chance to expand a lender-centric book of business.
Responsibilities- Advise lenders and special servicers on distressed loans and borrower situations
- Negotiate and document loan workout agreements, restructurings, forbearance, modifications, and payment plans
- Analyze and protect/enhance lender collateral positions
- Counsel on loss mitigation, portfolio recovery, creditor rights, and enforcement options
- Develop and implement recovery strategies for distressed assets and non-performing loans
- Handle matters involving receiverships, foreclosures, and UCC Article 9 remedies
- Draft and negotiate complex workout, restructuring, servicing, and enforcement documentation
- Collaborate with servicing, asset management, special assets, and recovery teams
- Serve as a trusted advisor to sophisticated institutional lender clients
Key requirements- J.D. from an accredited law school and active bar admission
- Ten or more years of relevant experience
- Significant experience representing banks, financial institutions, lenders, investors, loan servicers, special servicers, or other creditors
- Experience advising on distressed loans, troubled borrowers, default servicing, loss mitigation, and recovery initiatives
- Experience negotiating, documenting, and understanding: loan workouts, restructurings, forbearance, modifications, payment plans, collateral negotiations and enhancements, pooling and servicing agreements
- Experience managing distressed loan portfolios and counseling on recovery strategies, creditor rights, and enforcement options
- Working knowledge of complex Chapter 11 cases, Sub-Chapter V, receiverships, foreclosures, UCC Article 9 remedies, collateral disposition strategies, asset recovery
- Strong drafting, negotiation, analytical, and client counseling skills
- Ability to manage matters independently
- Trusted advisor to sophisticated financial institution clients
- Loan workouts
- Loan restructurings
- Forbearance agreements
