Financial Services Attorney (Loan Workouts, Restructuring & Recovery)

About the Role

Hinshaw & Culbertson LLP seeks a Service Partner or Junior Partner looking to grow their own business to join its practice. This opportunity is ideal for an attorney with significant experience representing banks, financial institutions, investors, loan servicers, special servicers, and other lenders in distressed credit, loan workout, restructuring, recovery, and enforcement matters. Portable business is not required.

The position offers the opportunity to work with sophisticated institutional clients and support complex lender-focused matters involving distressed loans, troubled borrowers, and recovery strategies.

Practice Description

Hinshaw represents banks, financial institutions, investors, loan servicers, special servicers, and other creditors in navigating complex distressed credit and recovery matters. Attorneys work closely with clients to evaluate risk, preserve collateral value, maximize recovery opportunities, and develop practical solutions for troubled loans and distressed assets.

The practice advises lenders and servicers throughout the workout and recovery process, including pre-negotiation agreements, forbearance agreements, loan modifications, restructurings, payment plans, collateral negotiations, and other workout strategies. Matters frequently involve distressed loan portfolios, troubled borrowers, default servicing, loss mitigation efforts, and creditor recovery initiatives across a variety of industries and asset classes.

Attorneys regularly counsel clients regarding enforcement remedies, including receiverships, foreclosure actions, UCC Article 9 remedies, collateral disposition strategies, and related litigation. Work often involves collaboration with attorneys across the firm's Litigation, Bankruptcy, Real Estate, and Financial Services practices to address insolvency, distressed asset, and creditor rights matters.

Responsibilities

• Advise banks, financial institutions, lenders, investors, loan servicers, and special servicers regarding distressed loans and troubled borrower situations.
• Negotiate and document loan workout agreements, restructurings, forbearance agreements, loan modifications, and payment plans.
• Analyze, protect, and enhance lender collateral positions.
• Advise clients regarding loss mitigation strategies, portfolio recovery efforts, and distressed credit management.
• Counsel lenders and servicers regarding creditor rights, default remedies, and enforcement options.
• Develop and implement recovery strategies for distressed assets and non-performing loans.
• Handle matters involving receiverships, foreclosures, and UCC Article 9 remedies.
• Draft and negotiate complex workout, restructuring, servicing, and enforcement documentation.
• Partner with servicing, asset management, special assets, and recovery teams to develop practical business-oriented solutions.
• Serve as a trusted advisor to sophisticated institutional lender clients.

Qualifications

• J.D. from an accredited law school and active bar admission.
• Ten or more years of relevant experience.
• Significant experience representing banks, financial institutions, lenders, investors, loan servicers, special servicers, or other creditors.
• Demonstrated experience advising lenders and loan servicers regarding distressed loans, troubled borrowers, default servicing matters, loss mitigation strategies, and recovery initiatives.
• Experience negotiating, documenting, and understanding:
  • Loan workouts
  • Loan restructurings
  • Forbearance agreements
  • Loan modifications
  • Payment plans
  • Collateral negotiations and enhancements
  • Pooling and Servicing Agreements
• Experience managing distressed loan portfolios and counseling clients regarding recovery strategies, creditor rights, and enforcement options.
• Working knowledge of:
  • Complex Chapter 11 Cases
  • Sub-Chapter V Bankruptcy Cases
  • Receiverships
  • Foreclosures
  • UCC Article 9 remedies
  • Collateral disposition strategies
  • Asset recovery and enforcement proceedings
• Experience collaborating with loan servicing, asset management, special assets, workout, and recovery teams.
• Strong drafting, negotiation, analytical, and client counseling skills.
• Ability to manage matters independently while serving as a trusted advisor to sophisticated financial institution clients.

Preferred Experience

• Representation of major financial institutions, national lenders, loan servicers, or servicing platforms.
• Experience supporting special assets groups and recovery teams.
• Experience with commercial real estate loans, portfolio loans, distressed assets, and non-performing loans.
• Familiarity with loan servicing operations, borrower negotiations, and portfolio recovery strategies.

Ideal Candidate

The ideal candidate has a lender-focused practice and understands the business, operational, and risk management objectives of sophisticated financial institutions. Experience representing major banks, financial institutions, investors, loan servicers, special servicers, or other creditors is strongly preferred. This opportunity is intended for attorneys whose experience has been concentrated on representing lenders and creditors.

Candidates whose practices are primarily focused on representing debtors, borrowers, bankruptcy estates, trustees, or other parties adverse to financial institutions, particularly those seeking to transition substantial borrower-side client relationships, are unlikely to be a strong fit for this role.

Relevant Experience Areas

• Bankruptcy
• Loan Workouts
• Distressed Credit
• Troubled Borrowers
• Creditor Rights
• Financial Institutions
• Loan Servicing
• Special Servicing
• Commercial Lending
• Loan Restructuring
• Forbearance Agreements
• Collateral Negotiation
• Payment Plans
• Receiverships
• Foreclosures
• UCC Article 9 Remedies
• Asset Recovery
• Default Servicing
• Special Assets
• Enforcement Actions
• Banking & Financial Services