Talcott Franklin PC, a Dallas law firm spearheading large-scale mortgage bond investor lawsuits, opened a branch office in Davidson, N.C.
The new office places the firm near Charlotte, which "is the second largest banking center in the United States," said Alexander Boone, managing shareholder of Talcott Franklin PC.
The firm's founder Talcott Franklin is known for setting up a clearinghouse for residential mortgage-backed securities lawsuits on the heels of the financial crisis.
Talcott Franklin PC decided to open a N.C. office after sensing a void to be filled due to professional rules of conduct that prevent firms from taking on positions that may be adverse to former or existing clients.
"While there are many excellent financial litigation attorneys in North Carolina, the vast majority of them have conflicts that prevent them from pursuing claims against the banks," Boone said.
Charlotte is home to Bank of America (BAC), which is the subject of multiple RMBS lawsuits.
The North Carolina office will house three attorneys.
"Among them, we have an attorney who spent 10 years as a member of the judicial staff at the United States District Court for the Western District of North Carolina, which provides us and our clients with tremendous insight into local federal practices," Boone said.