Divorce attorney outfit Divorce lawyers say they’re going to hire more lawyers to represent clients as the number of litigation-related bankruptcies continues to climb.
The group is a partner with the firm of Jones Day & Schaffer LLP, which specializes in bankruptcy law, according to its website.
The firm’s clients include Bank of America, Chase, Citigroup, Citibank, Credit Suisse, Deutsche Bank, JP Morgan Chase, Morgan Stanley, JPMorgan Chase Bank, UBS, Wells Fargo and others.
The group will now hire more attorneys, said Katie Dye, founder and CEO of the group.
“I think that as the numbers go up and the courts get more aggressive with lawsuits, that will allow us to more effectively represent our clients,” Dye said.
The new lawyers will be assigned to the division, which has the task of overseeing a litigant’s recovery, which includes the filing of claims, attorneys’ fees and other costs.
The division also is responsible for handling the process of collecting the court fees for a debtor who has already paid up, said Elizabeth Mazzucci, a lawyer who has been with the company for 15 years.
The bankruptcy industry has experienced an uptick in litigation-induced bankruptcies.
A study by the National Law Journal in March estimated that in 2013, bankruptcy cases brought by private lawyers brought in $1.3 trillion, or 17.3% of all claims in bankruptcy courts nationwide.
A separate report by the Public Interest Law Center found that in 2014, private attorneys filed a record 2.9 million claims in federal bankruptcy courts, bringing in $4.3 billion.
In a news release on Tuesday, Divorce Lawyer Inc., which was founded in 2009, said it will add more than a dozen lawyers to the firm’s roster.
The firm will employ 10 to 20 attorneys, Dye added.
The new hires will begin in mid-August and will be in positions in Manhattan, Los Angeles, San Francisco and New York City, according a news summary.
In addition to the hiring of more attorneys to represent the group, DivaLawyer Inc. also is investing in research to develop better solutions for people in bankruptcy, according the release.
The company said it plans to increase its work in the area of mediation and other dispute resolution.
“DivaLawyers will be better positioned to address the complexities of the financial situation that has affected so many people, and help them navigate their day-to-day financial affairs,” the release said.
Elizabeth Mazzetti, founder of Diva Lawyer, said in a statement that the company is committed to supporting its clients’ financial needs.
“We look forward to working with Divalawyers to build a better relationship with them, as we do with other clients who are struggling in the courts,” she said.