Getting back to business has created new sets of questions for attorneys
Reopening and rebounding from NY-Covid Shutdown
Partner and founder Corey Hogan of HoganWillig PLLC said the firm analyzes how a business performed prior to any downturns, starting in mid-March, as opposed to what confronts it now.
“If you were even struggling beforehand, then that’s something we can take a look at in terms of the fundamental solidness of your business,” he said. “Then once we have a feel, we can decide who from our various team members gets brought in to help.”
Diane Tiveron, managing partner, is part of initial conversations with clients and pinpoints which direction their legal needs may take.
“I try to bring all the resources that the firm has,” she said.
The firm has attorneys who handle bankruptcies which Hogan said in some situations can provide a crutch to reorganize.
Non-attorneys on the team include Scott Meacham, director of business operations and a former small-business owner.
“It helps when I can relate to exactly what some of the clients are going through from my own personal experience,” Meacham said. “It helps to form a connection with them that can lead to real, practical solutions than an attorney might not see from their legal point of view.”
Many issues in front of businesses have not yet dissipated, Hogan said. If a business was unable to procure PPP funding or other loans, their operations would have likely fizzled out.
“Depending what you’re selling, there still may not be a lot of business out there,” Hogan said. “Most day-to-day functioning businesses, if they didn’t have some cash reserves, they are having a very hard time getting through each week.”
The full story can be read here.