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Otterbourg Expands Banking and Finance Practice

June 26, 2014, 07:06 AM

Otterbourg P.C. announced that Jeffrey Rosenthal and Thomas Duignan joined the firm as members in the banking and finance group. Rosenthal and Duignan will also coordinate extensively with the firm’s workout, distressed debt and insolvency practice areas. Messrs. Rosenthal and Duignan work on a wide range of matters and represent a broad cross section of clients in the financial services industry. They come to Otterbourg from Troutman Sanders LLP, where they were partners.

“Jeff and Tom have exceptional practices, and they will integrate seamlessly into our firm,” said Daniel Wallen, Otterbourg’s chairman. “We have known them for years, and we are very pleased to bring them on board to strengthen our ability to do even more work for our institutional clients by enhancing our already deep bench of highly experienced banking and finance attorneys.”

Rosenthal specializes in advising clients in the negotiation and documentation of sophisticated loan transactions and workouts of existing loans and debtor-in-possession loans. His clients have included major commercial banks and many finance companies active in the commercial finance industry in New York and New Jersey. He has represented buyers of distressed debt in a number of transactions and has frequently helped the buyer take control of and turn around the borrower.

“Otterbourg is the premier firm in my practice area,” Rosenthal said. “I have done work for a number of clients we have in common, and joining them now provides me with an exceptional opportunity to expand my practice and the services I offer my clients.”

Duignan focuses his practice on complex asset-based lending, commercial lending, vendor and equipment financing, and on representing buyers and sellers of financial assets. He has wide-ranging experience with syndicated and single lender transactions, multicurrency transactions, cross border transactions, letters of credit, and intercreditor arrangements. His clients typically include banks, finance companies and hedge funds.

The addition of Messrs. Rosenthal and Duignan continues a string of new members who have joined Otterbourg this year, including John Hanley in the corporate group and Oleg Sabel in the real estate group.

Otterbourg P.C. offers clients a unique combination of legal insight and practical solutions and is known for its integrity, stability and business knowledge. The firm regularly represents clients in matters of national and international scope, including institutional lenders and creditors such as banks, asset-based lenders, hedge funds and private equity firms. The firm’s practice includes domestic and cross-border financings, litigation and alternative dispute resolutions, mergers and acquisitions and other corporate transactions, real estate, restructuring and bankruptcy proceedings, and trusts and estates.

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