The Manhattan-based New York branch of Jaffe & Asher, LLP reported to the New York State Department of Labor that it intends to lay-off 75 of its 119 New York employees in February 2016. The firm also filed a Worker Adjustment and Retraining Notification notice that states the layoffs are economically based and a majority of those who will be laid off include paralegals and support staff. According to the firm’s managing partner, Gregory Galterio, the firm has decided to close its consumer collection department. Regarding the firm’s future business Galterio stated, “The firm will otherwise continue, as it has for 42 years, specializing in business litigation ranging from non-consumer collections and judgment enforcement to highly sophisticated corporate, transactional, and other commercial and civil litigation matters.”
Jaffe & Asher, LLP has represented clients ranging from individuals to Fortune 500 companies in range on civil legal matters. We have specifically defended numerous American Express and Discover credit card and private student loan actions against them. The firm has branches in New York, New Jersey, Connecticut, Pennsylvania, Florida, Georgia, and Texas. This firm’s practice spans across a broad rang that includes commercial litigation, creditors’ rights, bankruptcy, real estate and real estate finance, general business and corporate transactions, family law, insurance, and civil appeals. This firm specializes in “high-balance” debt collection and judgment enforcement. The firm’s clients in this area include major credit card issuers, financial institutions, and investment banks. Additionally, this firm defends banks, credit card issuers, and financial institutions against lender liability claims. They work to defend these lenders faced with liability issues both through litigation and mitigation strategies to prevent potential future exposure arising out of the clients’ lending practices.