Moritt Hock & Hamroff, a law firm with offices in Garden City, has formed its Business Divorce Practice Group, led by litigation partner Stephen Ginsberg.
The group comprises seasoned attorneys who are dedicated to handling complex disputes among co-owners of closely held businesses.
“Whether they stem from deadlock, financial misconduct or just differing visions for a company’s future, partnership disputes can be as intense as any personal split, frequently charged with emotion and requiring significant time, energy, and strategic expertise to resolve,” Ginsberg said in a news release about the group’s launch.
The practice’s formation comes at a time when technological advancements are driving greater efficiency, profitability and business valuations across industries. In many cases, this rapid growth has strained existing business relationships and organizational structures, according to Moritt Hock & Hamroff.
At the same time, a growing number of founders reaching retirement age has intensified succession planning challenges, contributing to what the law firm describes as a rise in ownership disputes involving dissolution, asset sales, ownership rights, compensation, succession and buyout terms.
“The Business Divorce Practice group will draw on the full breadth of our firm’s experience in resolving commercial disputes, which spans a range of sectors including eCommerce, healthcare, finance, real estate, fashion, professional services and automotive sales,” Ginsberg said.
Michael Cardello III, managing partner at Moritt Hock & Hamroff, said in the news release that the Business Divorce Practice Group “reflects our extensive commercial litigation capabilities, while building on the expertise we offer to clients nationwide.”
Ginsberg, Cardello said, “has assembled an exceptional team of attorneys with a deep understanding of the unique sensitivities involved in working with closely held businesses and their owners.”
The firm, which has offices in Manhattan, is in growth mode, having recently acquired a Fort Lauderdale boutique law firm, bringing the number of its locations in Florida to three.
