Lawyers

Butler & Hosch Law Firm Closes Doors
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Butler & Hosch law firm

Summary: Hundreds of attorneys and staff were suddenly without jobs when their employer, law firm Butler & Hosch made the announcement four days ago that it was closing.

The law firm Butler & Hosch made a sudden announcement to employees on May 14 through an internal memo that the firm was closing. An attorney familiar with the firm said there are around 30 lawyers and 100 staff working in the Florida offices now out of a job. The firm had an office in Texas and several other states as well.

  
What
Where


Butler & Hosch worked primarily on foreclosure, bankruptcy, title disputes and other real estate matters by representing mortgage lenders and servicers. They were handling up to 60,000 foreclosure cases nationwide when they closed. The firm is currently trying to get their debts in order in a state court civil case that is similar to bankruptcy, known as an “assignment for the benefit of creditors”.

Roy Kobert

Roy Kobert

Attorney Roy Kobert of GrayRobinson in Orlando is representing the firm in all legal matters. An outside manger, Michael Moecker, has been called to put the firm’s financial affairs in order.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Business in the foreclosure industry took off during the recession but offices like Butler & Hosch have struggled since the foreclosure rate has decreased. Butler & Hosch tried to acquire other firms in the last year as an attempt to address the slowed business.

One of the firm’s founders and CEO, Bob Hosch, blames the attempted expansion for the ultimate failure of the firm. He stated in his final memo to employees that “BH grew too fast and could not merge processes from the acquired entities quickly enough to meet our economic forecasts”.



Bob Hosch

Bob Hosch

The firm sought other forms of funding without success. The final memo to employees also noted that there was not enough cash on hand to fund payroll for the week and thanked the employees for their support and loyalty.

Source: http://www.orlandosentinel.com/business/brinkmann-on-business/os-butler-hosch-closes-layoffs-20150518-post.html

Photo: business.glbtchamber.org



 

RELEVANT JOBS

Senior M&A Attorney

USA-IL-Chicago

Our corporate boutique law firm is seeking a senior level M&A attorney with a book of business that ...

Apply now

Paralegal / Legal Assistant

USA-MN-Rochester

O\'Brien & Wolf, L.L.P., a general practice law firm in Rochester, Minnesota, is seeking a Family La...

Apply now

Medical Malpractice Attorney

USA-CO-Denver

Hall & Evans, LLC, one of Denver\'s most recognized and respected law firms, is continuing its expan...

Apply now

Litigation Associate Attorney

USA-CO-Denver

Hall & Evans, L.L.C., one of Colorado\'s most established law firms, currently has an opportunity fo...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-FL-Miramar

Miramar office of our client seeks litigation associate attorney with 2 years of work experience han...

Apply Now

Insurance Defense/General Liability Attorney

USA-FL-Tampa

Tampa office of our client seeks insurance defense/general liability attorney with 5+ years of exper...

Apply Now

Municipal Law Associate Attorney

USA-CO-Centennial

Centennial office of our client seeks associate attorney with 2 years of Special District practice e...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top