The O'Dea Law Firm was organized in Charlotte in 2006 by Dennis O'Dea to provide legal services to individuals and small businesses. In recent years, many law firms with diversified client bases experienced rapid growth, merged into large multi-city or multi-national firms, narrowed their focus to complex and labor intensive business law practices with the goal of increasing their profits through high hourly rates, large numbers of junior lawyers and paralegals staffing cases, and adopting the high growth models first developed in New York in the 1960's. As they grew, their overhead costs and budgets resembled the fortune 500 clients they sought to represent.
The business model that successful firms adopted resulted in a contraction in the number of clients they served. Firms who were once the primary lawyers for many families, individuals and small business simply exited the market and would no longer accept engagements that could not generate sufficient billings and revenue to keep pace with the need to support the increasing overhead and operating expenses of their new goals. Measuring the charges for their services by multiplying the hours devoted to engagements by as much as $1,000 for seasoned lawyers, only the largest companies with great resources could support those costs.
For clients whose legal needs require experienced and knowledgeable lawyers, but who are not themselves large business organizations, the services of leading lawyers became cost prohibitive and also unavailable as large law firms relied more on junior lawyers to provide services. The legal services market continued to divide between growth-oriented firms demanding high profit margins and large scale engagements and smaller firms offering special expertise at premium rates in such areas as trademark, patents, bankruptcy, and taxation. The general practice law firm that provided clients with domestic relations, divorce, small business advice, estate planning, and general litigation was no longer viewed as a desirable business model
The Dennis O'Dea Law Firm seeks to recreate the general practice law firm that provides advice and counsel to the newly underserved clients whose legal needs had once been the mainstay of lawyers. Dennis O'Dea spent over 25 years in practice as a partner in Am Law 100 law firms in Chicago and New York before deciding to establish an old practice model that took advantage of new technologies that enable experienced lawyers to provide sophisticated services without the weight of the overhead of legacy firms whose cost structures demand ever-increasing growth.
The firm offers the sophistication and experience of a large firm with the efficiency and focus of a specialty firm.
The firm engages in insolvency practice. The following disclosure is required by the Bankruptcy Code:
11 U.S.C. §528 (a)(4) Notice.
We are a federally-designated debt relief agency. We help people file for bankruptcy relief under the federal Bankruptcy Code.
RECENT ENGAGEMENTS AND AREAS OF INTEREST
DENNIS O'DEA APPOINTED CHAIR OF THE BUSINESS LAW SECTION OF THE MECKLENBURG BAR
The Mecklenburg Bar Association has chosen Dennis O'Dea to chair its Business Law Section fo the current year. The Business Law Section has a broad mandate to bring the business law practitioners together and share views on the development of North Carolina law and the impact of Federal and State law on business growth and development.
LAOTIAN CULTURE CENTER RECEIVERSHIP A SUCCESS!
Dennis O'Dea concluded the Receivership of the Laotian Culture Center of North Carolina. After six years of litigation over the governance of the corporation, the Receivership provided the opportunity to reorganize and resolve claims that threatened the existence of the Center.
Religious and community events are once again available to the Laotian community.
Dissolution, Corporate Control Litigation, Ownership Conflict
The firm has dealt with many disputes and litigation addressing corporate and business ownership and control.
In Chem Canada v. Cavazos, Mecklenburg County Superior Court, the firm's aggressive defense led to a voluntary dismissal on the morning of a summary judgment motion with the opposing party abandoning the litigation entirely.
In Donovan v. Charlotte Internet, et al. 09CVS2227. NC Business Court, the firm secured an order denying an interim receiver in a dissolution action;
In Hendricks Furniture Group v. Noori Adv 09-3110 USBC, WDNC, the firm successfully defeated an unusual effort by Hendricks to obtain a bankruptcy court injunction to bar prosecution of pending litigation against a corporate officer of Hendricks and caused the company to abandon its litigation and dismiss its action.
The O'Dea Firm also operates theSFS Law Groupand offers engagement management through co-counsel and alliance engagements when clients require a collection of specific services and skills.