Dear Clients, Colleagues, and Friends:

As we begin the new year, we are mindful of the firm’s continued growth and the trust our clients have placed in us -- especially amid the inflationary pressures and broader economic challenges facing businesses in New York City.

Over the past year, the firm has expanded meaningfully. We relocated our offices to the Graybar Building, a move that reflects both the growth of our practice and our long-term commitment to New York City. We have also promoted Jason Mizrahi to Partner, a well-deserved recognition of his leadership, judgment, and contributions to our clients and the firm’s growth.

The firm now consists of five professionals, and our office is busy every day. The end of the year was particularly active, with three matters proceeding to trial, underscoring the intensity and sophistication of the work we are handling across our litigation and arbitration docket. We are also forging ahead in our class action practice, where we are taking on some of the largest companies—and some of the largest law firms—in the country.

In parallel with our legal practice, we are developing a technology platform currently in beta, called JudgmentTrade.com. JudgmentTrade is designed to facilitate a marketplace for the buying and selling of court judgments, an area where there are billions of dollars in unsatisfied and untapped judgments nationwide. The platform reflects our long-standing focus on judgment enforcement and asset recovery, and our belief that greater transparency and market efficiency can materially benefit judgment holders. Should you have any interest in the platform or wish to learn more, please do not hesitate to contact us.

We are grateful for the firm’s continued growth given the challenges facing businesses in New York City. Based on data from the practice areas in which we are actively engaged, filings for personal and business bankruptcies have increased, Fair Labor Standards Act cases involving unpaid wages in New York remain at elevated levels, and cases brought under the Americans with Disabilities Act—particularly website accessibility matters—are at record highs in New York. Federal court data shows that bankruptcy filings nationwide increased by approximately 10–11.5% between 2024 and 2025. ADA-related lawsuits remained elevated. New York remains one of the most active jurisdictions. We have also seen an increase demand for services related to business divorces.

In light of these challenges, we remain focused on helping our clients—and the attorneys who refer matters to us—unlock value from claims that might otherwise go uncollected.

We want to thank you for contributing to our continued success. You know us, you know our experience, and you know the quality of our work. We would be most grateful to be retained in these areas, among others:

• litigation before trial or appellate courts or administrative bodies, especially matters involving real estate, partnership disputes, and creditors' rights;
• litigation avoidance - the crucial effort to negotiate agreements to resolve disputes before they cross the threshold of the courthouse;
• domestic and international arbitration and mediations;
• bankruptcy litigation and creditors' rights work, including avoidance actions, preference actions, discharge and dischargeability actions;
• employment litigation in all aspects of employment law, including issues involving restrictive covenants and trade secrets, wage-and-hour issues, Fair Labor Standards Act issues, and breach of contract issues;
• business divorce litigation, including contested stock valuations, derivative actions and other disputes between owners of closely held business corporations;
• counseling and strategic planning that defy easy categorization, requiring a deep understanding of the pertinent legal issues and also of the business (and sometimes personal) considerations that must be taken into account to reach a favorable outcome;
• and representing investors, restaurateurs, restaurant management companies, and chefs in New York City's hospitality sector.

Sincerely yours,

Josh Epstein and Jason Mizrahi

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