By: Joshua B. Sears, Esq. and Mario A. Serra, Esq.
For many institutional lenders and mortgage loan servicers facing pressure to economize, retaining a law firm of national presence with multiple satellite offices around the country is considered the fastest route to savings through a consolidation of vendors and services. But is there a cost to the quality of representation at the local level in this business model? Is there a sacrifice of expertise when it may be most necessary?