Adapting to Opportunity
ZaretskyRichard300pxFor Richard P. Zaretsky ’75, joining the Delaware Law’s School’s inaugural class was a life-changing opportunity and one that led to a host of new ones.

After graduating, he put his newly minted law degree to work, relocating to Florida and earning a position as assistant attorney general for the state’s Department of Legal Affairs. In 1978, he again moved with dispatch, launching his own firm in West Palm Beach, narrowing its focus to real estate, and successfully carving out a niche by bridging the gap between real estate transactional work and litigation. In addition to providing these specialized services to his clients, Mr. Zaretsky expanded his business, over the years forming a title insurance and real estate settlement company as well as real estate investment companies.

In Florida, where the real estate market had grown fast, his business flourished. However, in the late 2000s, things would change very quickly, particularly in the Sunshine State.

When they did, Mr. Zaretsky was again ready. He successfully adapted his practice to reflect and serve the needs of one of the hardest-hit markets in the country. He rapidly shifted focus, employing his expertise in loan workouts and assisting borrowers and lenders in financial distress. The results were good.

“The last year has been one of the best for my firm because we have re-characterized it,” he says.

The clarity that Richard brings his clients has also earned him recognition as a speaker, as a blogger, and in national media, including a 2010 interview with CNN-Money.