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Marc Hamroff, Managing Partner, Moritt Hock & Hamroff LLP on the Role of Legal Counsel in Commercial Finance

December 20, 2021, 07:00 AM

VIDEO INTEVIEW: Marc Hamroff, Managing Partner, Moritt Hock & Hamroff LLP discusses the role of legal counsel when working with bank-owned and independent equipment finance companies. According to Hamroff, ultimately lawyers are counselors to their clients and are hired for their expert judgement – which is developed as a result of years of experience.

Hamroff also discusses the importance of developing a deep understand of their clients’ business to be a true value-add, and why it’s critical to create partnerships with clients in order to provide the required services.

Equipment Finance Advisor’s Thought Leadership Videos feature interviews with subject matter experts and leaders from bank-owned equipment finance companies, leasing companies, banks, independent commercial finance companies, consultants, service and product providers and more – offering their candid thoughts in interviews broadcast via Equipment Finance Advisor’s YouTube Channel.

Marc Hamroff
Managing Partner | Moritt Hock & Hamroff, LLP
Marc L. Hamroff joined the firm in 1983 and became a name partner in 1989. He currently serves as the firm’s Managing Partner.

Mr. Hamroff Chairs the firm’s Financial Services Practice which includes the Bankruptcy, Equipment Leasing, Secured Lending, Distressed Assets and Creditors’ Rights Groups. He provides special concentration in litigation, workout and bankruptcy matters nationwide. The firm has represented official and unofficial groups and committees of lessors and lenders in complex workouts both in and out of Chapter 11 cases including the representation of the bank group in connection with a failed national vehicle lessor. By example, Mr. Hamroff represented a multi-national asset based lender in the successful equity participation following a structured bid to acquire a biotechnology company in a highly contested Delaware Chapter 11 case and has headed up the restructure, turnaround and bankruptcy exit strategy for various healthcare workouts including DIP lending, cash collateral structures and asset sales of assisted living facilities, nursing homes and regional hospitals.

In his capacity as head of the Financial Services Group, he has spearheaded the representation of secured lenders, banks and lessors in a wide range of transactions. These include the closing of asset based and healthcare lending transactions, the formation of a captive finance companies, the creation of the core loan and finance documentation packages, the purchase and sale of loan and lease portfolios including the entire commercial finance portfolio of a wholly owned subsidiary of a public company, and preparation of funding and dealer finance transactions.
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