The lawyers Pastore has brought together share his mindset. "Sometimes, we might even take a loss," he said.
Shofi, like Pastore, graduated from Pace University School of Law. She is known for her appellate work in areas of unfair trade practice litigation. "She's a tremendous lawyer and she deserves to be a part of this," Pastore said. "I brought her in to work at Dreier and she's been with me ever since."
The other founding partner of the firm, Dailey, started his career working as an attorney for the Regulatory Division at the New York Stock Exchange. While working for NYSE, Dailey investigated and brought charges of regulatory violations, including insider trading and allegations of market manipulations of stock values. He also investigated brokerage firms for compliance of federal securities law until joining Pastore at the Dreier firm.
The new firm also has office space in Manhattan. Pastore has already hired five lawyers and plans to bring in at least two more in coming months.
Pastore said the experiences he and his partners have endured, even through the collapse of Dreier, have made them stronger.
"Organizations can fail, individuals can fail, but if you've got good people and surround yourself with good people, you can really persevere," he said. "Because it's less about the institutions and more about the quality of the people."