Seyfarth Shaw Announces Formation of Strategic Economic Response Team
Attorneys Specializing in Securities Law, Litigation, Structured &
Real Estate Finance, Executive Compensation and Other Practices Provide
Multi-Disciplinary Response to Economic Conditions
NEW YORK (Business Wire EON/PRWEB ) October 14, 2008 --
Seyfarth
Shaw LLP, one of America’s leading
full-service law firms, today announced that it has formed a
Strategic Economic Response Team (SERT) to assist clients in responding
to regulatory and business challenges posed by the current economic
conditions. The multi-disciplinary team consists of attorneys throughout
the country who bring a wide range of practice proficiencies and
insights to help businesses weather the rapidly changing economic
climate.
“Our closely integrated national practice
groups have enabled us to formalize this team and align our service
offerings with the needs of our clients,” said Edward
J. Karlin, Chair of the firm’s Business
Services Group. “Our firm is dedicated to
our clients and helping them meet the challenges they face. SERT evolved
as our greatest resources—our
legal talent—came together to tackle the
complex challenges that the current economic conditions are posing.”
SERT is comprised of attorneys who specialize in securities
law, structured
finance, secured
lending, mergers,
real
estate, asset
sales, tax,
private
equity, litigation,
bankruptcy
and workouts, restructuring
and executive
compensation. The attorneys share their knowledge across practice
areas to devise solutions to clients’
intricate challenges requiring a multi-disciplinary approach. Together,
SERT attorneys work to mitigate clients’
exposure to risks from market economic conditions, including the subprime
mortgage crisis, and also to assist clients in pursuing
opportunities that may arise from the Emergency Economic Stabilization
Act of 2008 and related government actions.
“Our clients face a stressful, fast-changing
environment, with once secure deals at risk,”
said Peter
J. Korda, Co-Chair of the firm’s Structured
& Real Estate Finance Practice Group. “By
partnering with our clients and drawing on the resources available
through SERT, our clients have access to a fully
integrated team of lawyers, capable of handling a wide range of
matters, from addressing executive
compensation issues, to advising directors
and officers, to partnering with lenders on workouts of stressed
assets.”
Seyfarth Shaw counts former SEC lawyers, federal prosecutors and
employee benefits and executive compensation consultants among its legal
practitioners throughout
the country. In addition to drawing on their collective regulatory
and private litigation experience and practice specialties, Seyfarth Shaw’s
SERT attorneys are ideally positioned to address the evolving structures
created by the Emergency
Economic Stabilization Act of 2008 and other government measures.
“In this culture of dissecting key executives’
earnings, Seyfarth Shaw is partnering with clients to implement executive
compensation programs that are fully compliant and represent a
balanced approach to achieving value for shareholders and allowing
businesses the freedom to compete for top talent,”
said Peter
C. Miller, Chair of the firm’s Employee
Benefits and Executive Compensation Department. “We’ve
also been counseling clients concerning their fiduciary obligations
under ERISA
and any changes to their retirement plans that they may be
considering given the turbulence of the markets and the potential for
litigation by plan participants.”
Seyfarth
Shaw is a full-service law firm with over 750
attorneys located in nine offices throughout the United States
including Chicago,
New
York, Boston,
Washington
D.C., Atlanta,
Houston,
Los
Angeles, San
Francisco and Sacramento,
as well as Brussels,
Belgium. The firm provides a broad range
of legal services in the areas of business
services, litigation,
employee
benefits, and labor
and employment. Seyfarth Shaw’s practice
reflects virtually every industry and segment of the country’s
business and social fabric. Clients include over 300 of the Fortune
500 companies, financial institutions, newspapers and other media,
hotels, health care organizations, airlines and railroads. The firm also
represents a number of federal, state, and local governmental and
educational entities. For more information, please visit www.seyfarth.com.
See the original story at: http://eon.businesswire.com/releases/seyfarth_shaw/executive_compensation/prweb1471724.htm
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