Rosenblatt Solicitors has launched a 15-lawyer restructuring and recovery group in response to the economic crisis.
Funds and financial services partner Nigel Frudd is leading the initiative, which will see litigation partners Anthony Field and Tania MacLeod rebadged along with corporate partner Wayne O’Neill and employment partner Andrea London.
Frudd said: “It really is a question of clients driving the work. The phones have been ringing off the hook.”
He added: “It really is the credit crunch. When you get a prime broker like Lehman Brothers going down it does create a ripple effect.”
The new group will advise financial services clients on unwinding complex derivative deals and company insolvencies as well as high net-worth individuals who have money locked up in failing funds.
Earlier in the year the firm bagged an instruction advising the joint administrators to an international private equity fund run by Icelandic bank Kaupthing Singer & Friedlander.