Jun 29, 2011
Chuhak & Tecson banking group welcomes principal Adam Moreland
Chuhak & Tecson, P.C., is pleased to announce that Adam Moreland, an attorney with extensive experience representing financial institutions, has joined the banking group as a principal.
Moreland, a graduate of DePaul University College of Law, comes on board after 13 years with Rock Fusco, LLC, where he was a partner. His practice is focused on structuring real estate and asset-based loan transactions; negotiating and drafting loan and collateral documents; advising in bankruptcy proceedings, workouts and other creditors' rights matters, and representing lenders in liability suits.
He represents financial institutions in the sale and purchase of real estate and counsels small businesses and individuals on many of these same kinds of litigation, real estate, franchising, leasing, and other contract matters.
“Chuhak’s bank practice group has been expanding over the last five years, and Adam will be the fourteenth lawyer to join our group,” said Josh Hyman, principal and banking group head. “All of the people in this group share some of the same qualities: hyper-responsiveness to clients, reliability, and wise counsel.
“Adam is great because he fits all of those,” Hyman said. “He’s very responsive to clients. He doesn’t just provide what the options are, for example, but really provides wise counsel and is very knowledgeable. He brings additional bench strength in terms of documentation as opposed to purely litigation work.”
When Moreland started his education at the University of Illinois at Urbana-Champaign, he saw himself not as an attorney, but as a research chemist. Test tubes and lab coats lost their allure after a few years, however, and although Moreland finished his bachelor’s degree in chemistry, the business and law electives he had enjoyed sent him off in a new direction.
His undergraduate work paid off in a surprising way.
“I found in law school that I was better prepared,” Moreland said, “because in the sciences they teach you how to think. You’re very analytical. Law school is about problem-solving, so to that end I think my background in the sciences gave me an advantage, and I ended up where I belong.”
Hyman believes Moreland is—again—exactly where he belongs.
“We’re very lucky to land someone of his caliber,” Hyman said, “especially considering that he was happy at his firm. He’d been there his whole career and was very well-regarded and content, but our group provided him a bigger platform to service his clients, both existing and new."
Moreland said he looks forward to working with his client base to determine how his new opportunity at Chuhak & Tecson can benefit them. He’s also happy to be part of an experienced team of attorneys and contribute his own particular experience in transactional lending.
“As the economy picks up, there are going to be banks that are going to be lending or making acquisitions, and we want to be able to position ourselves to offer whatever they may need as the ships right themselves,” Moreland said. “The firm represents close to 80 banks, so there’s quite a large potential.
“I’m ready to assist those clients with their front-end commercial lending needs in addition to their back-end workout needs,” he said. “A good majority of attorneys handle litigation; one of the main things that I potentially bring to the table is depth in front-end transactions.
“Not that there aren’t attorneys here already who offer this,” he said, “but I think it’s a strength I can add so we are as well-positioned as possible to continue representing clients in whatever capacity they may need.”