New York, NY, January 06, 2014 --(PR.com
)-- Jaffe & Asher LLP is pleased to announce that effective January 1, 2014 Chief Operating Officer, J.D. Rainey, shall assume the position of Chief Executive Officer of Jaffe & Asher (aka J&A) in charge of all business affairs reporting directly to the firm's founding partner, Sanford S. Asher. No one, as yet, has been appointed to replace Mr. Rainey as COO but Mr. Rainey has said he "expect(s) to make his choice from the firm's existing management."
After graduating from the University of Delaware, J.D. started his career more than 10 years ago in the financial services industry in various positions at MBNA, Loan to Learn and Axiant. He joined J&A in January 2010 as a consultant who was soon hired as COO, and, as such, he successively put together an extraordinary management team, which includes some of the best and most respected leaders in the industry. He developed with Jeffrey Tseng, J&A’s Director of Technology, the firm's account and vendor management software known as JAWS; and has initiated J&A's recent strategy of building footprint offices in a number of states, including NJ, CT and PA which are already open for business.
"Our goals in 2014 will be to further expand the number of satellite offices of J&A without sacrificing compliance and performance while simultaneously diversifying our client base by moving into new industries," said J.D. "I am convinced that firms who are committed to doing the right thing and complying quickly to new rules and regulations, without sacrificing performance will rise to the top and the others will falter as they are unable to meet the rigorous regulatory concerns. We view the current climate as an opportunity to prove we 'can'. In addition," he stated, "I intend to build our affiliated company, JAWSoft LLC, to license its proprietary software, JAWS, given the unsolicited interest we have been receiving. 21st century account and vendor management software is the critical element to compliance and performance and JAWS fills the void that has existed in the market for a flexible solution that is adaptable to our ever changing demands and need for cost efficient productivity."
Lawrence M. Nessenson, J&A’s Managing Senior Partner, shall continue to be the attorney in charge of all legal affairs. Mr. Nessenson and Mr. Rainey shall co-manage J&A in accordance with the above division of responsibilities reporting directly to Mr. Asher.
About Jaffe & Asher
Jaffe & Asher is a law firm founded in 1974 with offices in New York City, New Jersey, Connecticut and Pennsylvania. Jaffe & Asher’s litigation Partners are seasoned litigators (many of whom have come to the Firm following tenures at major New York law firms), each with decades of experience handling complex commercial litigation matters for prominent companies and financial institutions. Jaffe & Asher has a specialized department for the collection of high balance indebtedness and a successful track record of collecting high balance loan obligations from debtor companies and their principals through skillful and aggressive litigation, creative settlement and tenacious judgment enforcement. Principal practice areas are commercial litigation, lender liability and workout litigation, creditors’ rights, bankruptcy, insurance, real estate and real estate finance, corporate and transactional law, and family law.
For more information about Jaffe & Asher, visit www.JaffeandAsher.com.