The creditors’ rights law firm ALAW announced Monday that it has entered into an agreement with JPMorgan Chase to purchase certain assets of the financial institution’s West Coast trustee subsidiary, California Reconveyance Company.
ALAW will acquire the operations of California Reconveyance Company in Chatsworth, California, along with its tenured staff of 82 residential and commercial foreclosure specialists.
Amy Bonitatibus, a spokesperson for JPMorgan Chase, commented, “This is a great opportunity to take care of our employees and offer their value and experience to a company that’s expanding their business to California.”
Deborah Brignac has led the California Reconveyance Company for JPMorgan Chase for almost 20 years. ALAWhas appointed Brignac SVP and head of its West Coast operations. She will continue to lead the business and its team of attorneys, paralegals, and support staff for ALAW.
“We couldn’t be happier to become a part of this dynamic and growing company,” Brignac said. “ALAW has already demonstrated its commitment to the employees in Chatsworth with the technology, resources, and support needed to excel. The firm also boasts a strong meritocracy and great opportunities for career advancement.”
California Reconveyance Company will continue to perform trustee services for JPMorgan Chase in Arizona and California, and as part of ALAW, the company plans to grow the business to serve additional servicing clients and states on the West Coast.
Furthermore, the addition of ALAW attorney staff “fulfills new GSE requirements and enables the operation to … [expand] to undertake GSE business,” the firm also noted in a statement to the press.
The acquisition is in line with ALAW’s strategy for growth.ALAW was founded as Albertelli Law in 1997, representing institutional and private lenders in residential and commercial real estate transactions throughout Florida and Georgia.
According to founding partner and CEO James Albertelli,ALAW has undergone an evolution over the past year, reorganizing into dedicated, client-centric legal teams and investing heavily in technology and communications—all in preparation for national expansion. This acquisition extends ALAW’s footprint from coast to coast and adds California and Arizona to the firm’s jurisdiction.
ALAW’s West Coast operation will be run as a full-service creditors’ rights firm, offering representation for a full range of default legal matters, including foreclosure, bankruptcy, complex litigation, loss mitigation, title, evictions, closing, and REO.