Private Companies

We offer privately owned businesses the full array of legal services they require, delivered by a legal and paralegal staff that understands the financial and other challenges our clients face. Our clients want - and we deliver - rapid turnaround, premier quality and client-focused service and attention.

Services we render to closely held and family businesses include:

  • Formation of corporations, partnerships and limited liability companies
  • Stockholders and partners agreements
  • Employee compensation agreements, benefit plans and stock option plans
  • Acquisitions and divestitures of businesses and product lines
  • Debt and equity financing
  • Commercial contracts
  • Trademark and intellectual property advice
  • Real estate purchases, leases and financing
  • Succession planning and related estate planning
  • Litigation and alternative means of dispute resolution

Business Counseling and Transactions
Strategizing, negotiating, documenting and closing business transactions represents a significant part of the practice of our Private Companies lawyers. We answer novel questions every day. We offer practical advice, intended to facilitate, rather than hinder or delay, getting the deal done. The breadth of our firm's extensive experience with larger companies is available through our Private Companies group to assist you.

Business Succession Planning
For our clients who are owners of privately held businesses, a key part of estate planning focuses on maximizing economic and intrinsic value for all generations. This includes developing tax-efficient strategies for transferring ownership, recognizing competing interests among family members, assessing the advantages and disadvantages of sale versus retention, minimizing the impact of a transition on key non-family member employees and, most importantly, assuring harmonious long-term family relationships. The attorneys in our Private Companies practice group are experienced in assisting our clients to achieve these goals.

Just as the creation and initial expansion of a business enterprise present unique and exciting business challenges, the developmental stages of a business also provide exceptional and creative opportunities for estate planning. The attorneys in our Individual Clients practice group are skilled in advising clients in the identification and implementation of appropriate strategies.

Planning for Entrepreneurs
Attorneys in our Emerging Companies and Venture Finance practice group also work with investors in and principals of emerging companies on a proactive basis to focus on a variety of issues our experience has shown to be important. Among these issues are:

  • An early focus on maintaining control while transferring present value and future appreciation to younger generations
  • Planning for intergenerational control and related issues
  • Planning to minimize income, capital gains and estate taxes
  • Satisfying both personal and charitable goals through the use of a variety of charitable entities, including split-interest trusts and private foundations

Our clients may be assured that the resources of our entire firm are available whenever questions arise regarding intellectual property, emerging company or other corporate transactions, real estate, environmental, insurance, employee benefits or litigation issues.

Representative Matters
Day Pitney's Private Companies practice group attorneys have experience in a wide range of matters. Our representation of both venture capital funds and emerging companies in venture capital investments range from $500,000 to $100 million and include the following:

  • Representation of a fuel cell company in two rounds of preferred stock financing totaling $14.5 million and the subsequent initial public offering of common stock on the AIM market of the London Stock Exchange.
  • Representation of a seller in a stock sale in a modified auction for the business of a manufacturer of temperature measurement devices to the subsidiary of an NYSE diversified technology company.
  • Representation of the stockholders of a graphic information systems company in stock sale to a subsidiary of an NYSE business information company.
  • Representation of a privately held nanotech company in two venture rounds of financing, raising a total of approximately $12.6 million.
  • Representation of a developer and manufacturer of optical fibers for minimally invasive surgery, based on a unique fiber technology for guiding high power laser light, in a $20 million round of private financing.
  • Representation of a software development business serving the equipment rental industry in multiple rounds of convertible preferred stock and notes.
  • Representation of an operator of skilled nursing facilities in its preferred stock financing.
  • Representation of a developer of technology products and services dedicated to enhancing online marketing in a $22 million first round private equity financing.
  • Representation of a major national affinity group in the formation and capitalization of an affiliate for a commercial venture.
  • Representation of a developer of secure, cashless, electronic commerce networking technology, targeted primarily to the fast food, gasoline and convenience store markets, in multiple rounds of convertible bridge financings.
  • Representation of a manufacturer of temperature measurement devices in 10 acquisitions over a period of six years.
  • Representation of an Israel-based fabless semiconductor company in its acquisition by a subsidiary of a NASDAQ-listed maker of computer chips, computer, networking and communications products.
  • Representation of a leading provider of on-demand medical record solutions in its acquisition of a provider of Internet-based medical records management solutions for hospitals and related financing.
  • Representation of a developer of membrane filtration technologies in its acquisition by the life sciences division of a global pharmaceutical company.
  • Representation of an antimicrobial technology company in corporate reorganization, establishing a secured credit facility and Series C and D preferred stock financings.

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Diversity

Diversity and inclusion are core Firm values at Day Pitney. We embrace diversity because we appreciate the reality of a multicultural world and have long understood the value of input and collaboration among professionals with varying perspectives. A multicultural approach leads to broader vision, innovation and creativity. This, in turn, better equips us to provide excellent service to our clients as our focus and dedication to diversity allows the Firm to achieve meaningful, lasting and sustainable results. While we are proud of what the Firm has achieved over the years, the challenge to build on those accomplishments continues. There is still much to do. We remain committed to supporting diversity and contributing to the creation of a profession that more accurately reflects the world in which we live. We do that by encouraging and respecting varying perspectives within the Firm and in the communities in which we practice.

Day Pitney’s diversity and inclusion initiatives not only foster collaboration and mutual respect within our Firm, but also extend outward, into the communities we serve. Our attorneys are committed to enhancing and celebrating diversity in our neighborhoods. Through the Firm’s community outreach efforts, Day Pitney hopes to encourage more women and minorities to enter the legal profession.

Here is an overview of some of our recent community programs aimed at assisting individuals and organizations serving traditionally underserved populations:
  • Through the joint efforts of the Firm's Diversity Committee and Women Working Together (WWT®) program, attorneys in our Florham Park office have been working to foster a relationship with St. Vincent Academy, a college preparatory school for young women of diverse and often politically, socially and economically underrepresented cultures. The students come from various religious backgrounds. Ninety-eight percent of the students are persons of color, and ninety-five percent go on to attend college. Each year before the beginning of the school year, we conduct a back-to-school supply drive to collect donations for the students at St. Vincent. Our attorneys are also working with the school to bring law related programs to the students. 
  • Attorneys in our Hartford office regularly participate in Habitat for Humanity Programs to help socially and economically underrepresented individuals reach the dreams of homeownership. 
  • The Firm is a sponsor of the New Jersey Chapter of the American Conference on Diversity’s annual Diversity Stride, a walk aimed at raising money to fund diversity-related programs for high school students in New Jersey. 
  • All offices annually participate in the Susan G. Koman walk in order to raise money to fight breast cancer. 
  • Day Pitney attorneys have contributed funding, time and pro bono legal services to the Urban League of Greater Hartford, in furtherance of the League’s efforts to “promote the self-empowerment of individuals in the CT Capital Region to achieve educational, occupational and economic equality for themselves and their families.”
  • As a founding member of the New Jersey Law Firm Group (NJLFG), the Connecticut-based Lawyers Collaborative for Diversity (LCD), and the Boston Lawyers Group (BLG), Day Pitney actively supports each organization’s common mission of increasing diversity in the legal profession. Each year, Day Pitney attorneys volunteer to serve as mentors to minority law students through programs coordinated by these three organizations. The Firm also hosts several roundtable discussions on various topics relevant to diversity for these organizations in New Jersey, Connecticut and Massachusetts and participates in BLG and NJLFG job fairs.
In addition to the programs listed above, the Firm’s Summer Apprentices are also invited to organize community service efforts. The Summer Apprentices in each office traditionally choose a community service outreach program meaningful to them and dedicate their time to the community at-large.
 
In large part due to efforts such as these Day Pitney continues to make great strides in supporting diversity initiatives in our neighborhoods.
Day Pitney is committed to fostering an inclusive environment for people of diverse backgrounds at all levels. We continue to strive to provide challenging opportunities, meaningful guidance, and positive incentives to assist our professionals in achieving their greatest potential. In doing so, our goal is ultimately to create advantages out of our differences and to achieve richer, broader goals.
  • Day Pitney is the 2009 recipient of the Fifth Annual Edwin Archer Randolph Diversity Award from The Lawyers Collaborative for Diversity
  • Lynn Baronas, Director of Professional Development, Diversity & Legal Recruiting, nominated for the 2008 advocate of the year award by the Connecticut Minority Suppliers Diversity Council 
  • Recognition from the Urban League of Greater Hartford, Inc. as an "Urban Sponsor" in its 2007 Black History Award Celebration
  • Co-Managing Partner, Jim Sicilian, received a 2007 Human Relations Award for leadership in civic and community affairs by the National Conference for Community and Justice of Connecticut and Western Massachusetts, Inc. 
Day Pitney’s commitment to diversity extends to its recruitment efforts in connection with its summer apprenticeship program. We recruit law students for our summer programs from several minority job fairs and diversity initiatives, including the Philadelphia Area Minority Job Fair, the North East Black Law Student Association Job Fair, the Hispanic Bar Association Job Fair, the Rutgers University Newark Minority Student Program and the University of Connecticut School of Law Cultural Diversity Initiative. We are pleased to report that minority law students comprised forty-three percent of our 2008 summer class and forty-one percent of our 2007 summer class.

Day Pitney believes that diversity is not only crucial to creating a dynamic and cohesive summer apprentice class, but is also important to creating a rich and realistic professional experience for all of our summer apprentices. To that end, the summer program includes activities that expose all of our summer apprentices to a wide range of cultures and backgrounds within the Day Pitney family and in the communities where we practice.
 
For more information about diversity, please contact Edgardo Ramos, Chair of the Diversity Committee at [email protected] or Peter Wilson Jr., Director of Diversity and Legal Recruiting at [email protected]

Diversity Statistics

 
Minority Males
Minority Females
Partners
4.41%
(6 of 136)
10.34%
(3 of 29)
Associates
17.33%
(13 of 75)
18.57%
(13 of 70)
Of Counsel
0.00%
(0 of 22)
-
(0 of 0)
Other Lawyers
7.89%
(3 of 38)
23.81%
(5 of 21)
Paralegals
10.00%
(2 of 20)
4.41%
(3 of 68)
Marketing Professionals
0.00%
(0 of 2)
10.00%
(1 of 10)
Technology Professionals
38.10%
(8 of 21)
0.00%
(0 of 12)
Librarians
40.00%
(2 of 5)
14.29%
(1 of 7)
Finance Professionals
0.00%
(0 of 7)
40.00%
(6 of 15)
Human Resources Professionals
0.00%
(0 of 1)
50.00%
(2 of 4)
Administrative Professionals
31.58%
(18 of 57)
20.15%
(55 of 273)