E. Alston Ray

E. Alston Ray: Attorney with Butler Snow LLP AV stamp icon
  • Attorney at Butler Snow LLP (363 Attorneys)
  • One Federal Place, 1819 Fifth Avenue North, Suite 1000, Birmingham, AL 35203
    View E. Alston Ray's office location
  • Peer Reviews

    4.8/5.0 (1)
  • Profile Visibility [ i ]
Attorney Awards


Alston is in our Public Finance, Tax Incentives and Credit Markets Group. He focuses his practice primarily on Public Finance, Municipal Bonds, Financial Services, Tax-Exempt Organizations and Economic Development Incentives.


Best Lawyers in America
•Public Finance Law, 2008-2019
•AV-Preeminent Peer Review Rated, 1987-2017

In the News

•Butler Snow Ranked as a Top 10 Private Bond Counsel Firm Nationally by Thomson Reuters Top Legal Counsel Review
•Butler Snow Ranked as Top 10 Bond Counsel Firm for First Half of 2017
•147 Butler Snow Attorneys Named in Best Lawyers, 18 Named “Lawyer of the Year”
•Firm Ranked #2 for 2016 Healthiest Employers by BBJ
•Butler Snow Public Finance, Tax Incentives and Credit Markets Group Launches PFI Blog
•Butler Snow Attorneys Hold Key Roles in NABL’s 39th Annual Bond Attorney Workshop
•18 Lawyers From Dwindling Johnston Barton Join Birmingham, Ala., Office of Butler Snow
•Butler Snow Expands Birmingham Office - 19 Attorneys Join

Papers, Presentations, & Publications

•Presenter, Legal Fundamentals of Industrial and Economic Development Financing in Alabama, Presented to the Economic Development Partnership of Alabama and Various County and Municipal Industrial Development Boards and Authorities.
•Author, Brochure: Introduction to Alabama Public Finance Law.

Recent Blogs

•Fed’s Final Treatment of Municipal Securities as High-Quality Liquid Assets Disappoints the Industry
•Fed’s Proposed Treatment of Municipal Securities as High-Quality Liquid Assets

Areas of Practice (2)

  • Public Finance
  • Tax Credits

Education & Credentials

Contact Information:
(205) 297-2211  Phone
(205) 297-2201  Fax
University Attended:
University of North Carolina, A.B., American Studies, 1970
Law School Attended:
University of Alabama, J.D., 1976
Year of First Admission:
U.S. District Court, Northern District of Alabama; 1976, Alabama


American Bar Association

Taxation Section

Tax Exempt Financing Committee

Alabama State Bar Association

Birmingham Bar Association

National Association of Bond Lawyers

Kiwanis Club of Downtown Birmingham

Alabama Rivers Alliance

Board of Directors, 2002-2012

Literacy Council of Central Alabama

Board of Directors, 1994-2000

Trustee of Endowment Fund, 2000-2013

Reported Cases:
Experience; Experienced in all aspects of municipal and public finance, including service as bond counsel, underwriter's counsel, special tax counsel and counsel to financial institutions providing credit enhancement for financing by state and local governments and their boards, authorities and agencies in Alabama and other states. Practice includes financings for a wide variety of governmental purposes, including governmental operations and infrastructure, elementary, secondary and higher education, healthcare, housing, transportation, public utilities and economic and industrial development, and related economic development incentives. Extensive experience in a full range of financing structures for both tax-exempt and taxable obligations, including fixed and variable rate transactions, structured financing, pool financings and the use of interest rate swaps and other financial derivative products.

Peer Reviews

  • 4.8/5.0 (1 review)
  • A Martindale-Hubbell Peer Rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability numerical rating.
  • Legal Knowledge

  • Analytical Capability

  • Judgment

  • Communication

  • Legal Experience


*Peer Reviews provided before April 15, 2008 are not displayed.


Lex Mundi

Birmingham, Alabama

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