Verrill is a leading provider of legal advice and services to business enterprises, their owners, management teams, and directors, as well as advice regarding sources of capital and financing in New England and beyond. Our business law attorneys are highly regarded for their deep knowledge and broad experience in corporate law, mergers and acquisitions, joint ventures, governance issues, securities law, and commercial finance, as well as in related areas of practice including taxation, intellectual property, and business litigation.

We help our clients successfully navigate the continual legal, economic, and cultural shifts that can impact their businesses.

The attorneys in Verrill's Business Law Group are drawn from some of the nation's best law schools and undergraduate institutions. Verrill's platform, including our rate structure and our willingness to explore alternative billing arrangements with business clients, makes us highly competitive. Our lawyers bring "big law" skills to bear on issues and matters affecting our clients, but we do so with practicality and a personal touch that sets us apart. Our sophisticated yet highly responsive practitioners, in combination with our long and vast experience and collaborative work style, have been recognized not only by generations of clients, but also by third-party rating organizations such as Chambers and Partners and BTI Consulting Group.

Members of our Business Law Group serve as go-to general counsel to scores of businesses large and small, both public and private, spanning a broad range of industries and business sectors across New England and throughout the United States. In this capacity, we advise business owners, directors, and management (including our clients' in-house attorneys) regarding the full range of legal and regulatory issues they confront. Our approach is generally to have each client relationship managed by one lead lawyer, who then becomes familiar with the client's operations, objectives, and key decision-makers. We strongly believe a thorough understanding of each client's business is essential to providing useful, effective legal advice.

In addition to serving as primary outside counsel to many businesses, the attorneys in our Business Law Group regularly handle a wide variety of transactions, including mergers and acquisitions, reorganizations, joint ventures, private and public securities offerings, complex multiparty commercial financings, proxy contests, and takeover battles. In guiding clients through these transactions, we work collaboratively with colleagues in the firm's other practice groups, including Real Estate, Employee Benefits and Executive Compensation, Employment & Labor, Intellectual Property, Trusts and Estates, and Litigation & Trial. We constantly strive to close deals on time, within budget, and with as little disruption to the day-to-day affairs of the business as possible.

Drawing on our experience in securities law and our familiarity with a wide range of investment transactions, the Business Law Group has developed a large, growing practice representing venture capital firms and private equity firms around the country. We have been engaged to represent such firms not only in connection with acquisitions and investments, but also with the structuring and organization of investment funds and other pooled-capital arrangements.

While the focus of our corporate practice is on mature businesses, the attorneys in our Business Law Group are well-positioned to assist development-stage companies and the entrepreneurs who founded them. We have the flexibility to offer an array of fixed-fee or deferred-fee services where appropriate.

Firm Highlights

News

Bill is Passed for Eased Restrictions on PPP Loan

On June 3, the Senate passed the Paycheck Protection Flexibility Act, easing the restrictions on how businesses spend their Paycheck Protection Program (PPP) loans, which may allow small business owners more room for qualifying...

News

Ensuring Paycheck Protection Program Loan Forgiveness

On May 8, Forbes published an article, "Here's What You Can Do Now to Ensure Paycheck Protection Program Loan Forgiveness," discussing eligible businesses looking for the Paycheck Protection Program (PPP) funding that was made...

Publication/Podcast

Should You Adjust Your Plans Based on the New PPP Forgiveness Guidance?

Your inbox is likely flooded with news about the forgiveness guidance from the Small Business Administration (SBA) that came in the form of instructions on how to fill out the application. These instructions provided...

Publication/Podcast

PPP Math for the Self-Employed: And, Yes, There is Still Time

The Small Business Administration reports that as of May 23 it still had nearly $150 billion of untapped Paycheck Protection Program funds. The Program has been underutilized by self-employed business owners, in part due...

News

38 Verrill Attorneys, Across Four Offices, Recognized in 2020 Chambers & Partners Guide

(April 27, 2020) – Verrill has been rated as a Leading Firm in a total of ten categories and subcategories as evaluated by London-based Chambers & Partners , one of the world's most respected...

Matter

Banking: Helping Non-Depository Trust Companies Do Business in Other States

Verrill has helped to form more non-depository trust companies in Maine than any other law firm. We have also helped our trust clients when they look to expand their business into other states. In...

Publication/Podcast

FINALLY!!! . . . SBA Guidance on the Forgiveness Math

The Punch Line : On Friday, May 15, the Small Business Administration published a new form entitled Loan Forgiveness Application Instructions for Borrowers which, at long last, provides a great deal of guidance on...

Publication/Podcast

Divide by 40, Indeed

In response to prior posts on Paycheck Protection Program math, I did receive several messages suggesting that 30 hours – and not 40 as I had stated – was the proper basis for computing...

Matter

Allagash becomes Maine’s First Benefit Corporation

Allagash Benefit Event
Matter

Banking: Establishment of Non-Depository Trust for National Company

Verrill served as special counsel to a national firm in the chartering and licensing of a Maine non-depository trust company as the client’s wholly-owned subsidiary. Non-depository trust companies are highly regulated, and the matter...