LaMonica Herbst & Maniscalco, LLP

LAMONICA HERBST & MANISCALCO, LLP (the “Firm”) is a boutique business law firm consisting of seven (7) attorneys concentrating in the practice of, among other specialties, Bankruptcy, Creditors Rights, Commercial Transactions, Real Estate Transactions, State and Federal Court litigation and other related matters.

The Firm was started in September, 1998 when the Partners departed from a large Long Island law firm, Jaspan Schlesinger Silverman & Hoffman LLP. The Firm has expanded significantly since its creation due to its successful representation of clients throughout the metropolitan area.

With over eighty (80) years of combined legal experience, the Firm maintains a high degree of integrity, responsibility and a long tradition of providing clients with legal advice and services of impeccable quality. The Firm is committed to maintaining and fostering diversity in its practice. We offer particularly strong litigation capabilities for both trial and appellate work. The Firm represents a diverse client base, including individuals, corporations, receivers, institutional lenders, Official Committees of Creditors and Court appointed Chapter 7 & 11 Bankruptcy Trustees.

PHILOSOPHY
The Firm’s philosophy is simple: Provide Professionalism, Integrity and Excellent Legal Representation and clients will return forever. We understand that every client deserves prompt, efficient and knowledgeable legal advice. The hallmark of our practice is to ensure that our clients receive the proper level of legal expertise in connection with their matter.

The Firm believes in maintaining a close working relationship with our clients. We pride ourselves in providing tangible, lasting value for our clients, and helping our clients achieve their objectives. We strive to retain the close personal relationship of a smaller firm, while at the same time providing a complete range of support and special services to expedite our work and, most importantly, minimize costs for our clients. Maintaining a strong relationship with our clients enables us to develop specific needs and goals for our clients in any situation.

The Firm’s strength lies in its experience, creativity and responsiveness. The Firm has earned a reputation as an aggressive team of keen negotiators and litigators who understand a client’s concerns and needs and strives to develop creative negotiation and litigation solutions. Our goal is to structure a resolution that both achieves a client’s objectives as efficiently and pragmatically as possible, while at the same time maximizing recovery. We maintain an ongoing commitment to provide sound legal advice to our clients, with unparalleled responsiveness and insight.

From time to time, the Firm engages in community service and participates in legal assistance and pro bono programs. Additionally, the Firm aims to advance the legal profession, participating on bar association committees. The Firm's partners are frequent lecturers in all areas of bankruptcy, litigation, real estate and commercial transactions and believe in participating in the community to offer assistance, as needed, in connection with pro bono matters. One of the Firm’s partners, Joseph S. Maniscalco, is the Chairman of the Bankruptcy Law Committee for the Nassau County Bar Association and a frequent lecturer for the Credit Abuse Resistance Education (CARE) Program.

CLIENT BASE
The Firm has established significant relationships with both large institutional clients and small businesses and individuals. A brief cross section of the Firms diverse client base includes being general counsel to institutional clients and corporations, representing large and small Chapter 11 corporate Debtors, several members of the panel of Bankruptcy Trustees for the Eastern and Southern Districts of New York and numerous other small businesses throughout the metropolitan area. The Firm also maintains a strong presence representing local businesses in commercial transactions including buy/sells, shareholder agreements and other corporate related transactions as well as purchasing assets out of bankruptcy.

FINANCIAL ARRANGEMENTS
Financial arrangements for our legal services vary according to the nature and complexity of the particular matter. For clients billed on an hourly basis, rates are established for each attorney based on experience and expertise. Occasionally, arrangements are made for contingency fees or fees determined on another basis. Statements are generally submitted either at the end of each month, quarterly or other periodic basis.

We believe all fee arrangements should be determined in advance of the legal work, and that the client has a clear understanding of that fee arrangement. Additionally, we believe that each client should be entirely comfortable that their fee arrangement is satisfactory and fair. Many clients prefer a retainer arrangement for general advice and counsel and an hourly rate for individual matters not included within the retainer.