Nancy Chemtob
Nancy Chemtob
In the News
5 min read

Nancy Chemtob speaks with Crain’s New York Business on how divorce is becoming easier for some New Yorkers.

Crain’s New York Business
March 7, 2010

Crain’s New York Business: Now, breaking up is easier to do

For most, dissolving a marriage has become prohibitively expensive, and divorce rates nationwide have plummeted during the economic crisis. But for a subset of New Yorkers, particularly high-tax-bracket financial and legal types, divorce is the latest means of wealth preservation. In the first quarter of 2009, divorce work came to a virtual standstill in New York and across the United States, attorneys report. “I’ve been in this business 15 years, and it was the slowest I’d ever seen,” says Nancy Chemtob, a partner at boutique law firm Chemtob Moss Forman & Talbert.

Many took the divorce lull as a sign that the recession was bringing people together. But that’s a fairy-tale interpretation, according to family lawyers, therapists and real estate agents who’ve witnessed a major uptick in divorce-related work over the past few months. “Love is not in the air,” reports Sue Moss, a partner at Chemtob Moss. “Since January, it’s been insane. We’re the busiest we’ve ever been.”

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For most, dissolving a marriage has become prohibitively expensive, and divorce rates nationwide have plummeted during the economic crisis. But for a subset of New Yorkers, particularly high-tax-bracket financial and legal types, divorce is the latest means of wealth preservation. In the first quarter of 2009, divorce work came to a virtual standstill in New York and across the United States, attorneys report. “I’ve been in this business 15 years, and it was the slowest I’d ever seen,” says Nancy Chemtob, a partner at boutique law firm Chemtob Moss Forman & Talbert.

Many took the divorce lull as a sign that the recession was bringing people together. But that’s a fairy-tale interpretation, according to family lawyers, therapists and real estate agents who’ve witnessed a major uptick in divorce-related work over the past few months. “Love is not in the air,” reports Sue Moss, a partner at Chemtob Moss. “Since January, it’s been insane. We’re the busiest we’ve ever been.”

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