McGlinchey closes doors after 51 years

Law firm McGlinchey is closing its doors after 51 years following a decision by equity members based on market conditions. McGlinchey is a nationally recognized firm with a long history of representing banks, finance companies, insurance companies, ancillary product providers, manufacturers, buy, here, pay, here companies, fintechs and others in the automotive finance industry. The firm’s auto finance practice spanned cybersecurity, dealer activity, insurance regulation, fraud allegations and other areas of litigation. The firm also represented companies related to actions from the The firm has retained outside consultants and counsel to guide the wind-down of operations and transition of client services, according to a Jan. 5 release. The decision to shutter the firm came after the review of “strategic alternatives” and amid a “combination of market factors and internal circumstances.” While no single action or event led to the firm’s decision to shut down, factors such as lagging collections and internal circumstances contributed, according to the release. The firm will continue to provide service and client transition support during the wind down. Clients can decide to follow their attorney to a new firm or move their cases to another firm, with transitions handled in accordance with applicable rules, ethics and protocols, sources familiar with the matter told Auto Finance News . “McGlinchey’s attorneys and legal professionals have focused for 51 years on solving our clients’ legal problems , and that will remain our focus as we wind down our business,” Michael Ferachi , managing member at McGlinchey, said in a statement. Several McGlinchey attorneys have announced plans to join other firms, according to the company. Jason Bichsel , a member at the firm, posted to LinkedIn that he would soon share details of his new position. Several other former employees have set their status to “Open to Work” on LinkedIn.

McGlinchey closes doors after 51 years

Law firm cited market, internal factors as contributors

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