Biography

Greg has served as a trusted advisor to business clients for more than 30 years, helping them navigate their most complicated legal challenges through all kinds of market cycles and regulatory climates.

Greg has been recognized for his skill in both corporate law and securities law. He regularly guides companies, both large and small, through stock offerings, M&A transactions, and corporate restructurings. He also frequently assists other lawyers on the more technical aspects of projects involving financial regulations, legal opinions, or contract drafting. Greg has given special attention to capital formation issues for privately held companies. During 2014, he was among those involved in the design and drafting of the Maine crowdfunding statute and associated rules. Greg is also personally involved in capital formation from the standpoint of investors. He is a board member of the state's venture capital fund (Maine Venture Fund) and is also a member of the state's most active angel investor group (Maine Angels).

Beyond the technical and transactional side of his practice, Greg has served as outside general counsel to a large, diverse set of companies. Executives and directors look to him for experienced, pragmatic guidance on a wide range of problems, balancing business considerations with legal considerations. Greg is interested in management and efficiency issues. He has been a member of the firm's Total Quality Steering Committee since 1995 and has served as the Chair of the committee since 2008.

Before moving to Maine in 1985 to join Verrill, Greg practiced corporate and securities law in New York (Chadbourne Parke, now part of Norton Rose Fulbright) and Atlanta (Long & Aldridge, now part of Dentons). He has been active in the Business Law Section of the Maine State Bar Association. Greg has been a frequent panelist and lecturer on corporate governance and on topics affecting angel investing.

Greg's wife, Joanne, is an attorney who has her own divorce mediation firm. She also runs Mowfield Farm in Cumberland, Maine, where she grows dahlias for local florists and wedding planners. She and Greg enjoy sailing, skiing, hiking, and otherwise taking full advantage of all four New England seasons.

Services/Industries

Education

  • Cornell Law School  (J.D.)
    • Cornell Law Review
  • Dartmouth College  (A.B., magna cum laude)

Public Service

  • Board of Trustees, Maine Maritime Academy (2016-present)
  • Board Member, Maine Venture Fund (2007-2013 and 2018-present)
  • Maine Bar Foundation, Director (2004-2006), Finance/Investment Committee (2004-2011)
  • Maine Commission on Investment Capital (1990-1993)

Bar Admissions

  • New York
  • Maine

Memberships

  • Maine State Bar Association: Business Law Section; Chairman (1991-1992); Chair, Securities Law Subcommittee (1993-present)
  • Drafting Committee: Maine Business Corporation Act
  • Drafting Committee: Maine Revised Uniform Partnership Act
  • Drafting Committee: Maine Revised Uniform Limited Partnership Act
  • Drafting Committee: Maine Limited Liability Company Act
  • Drafting Committee: Maine Uniform Securities Act
  • Fellow, Maine Justice Foundation
  • Boston Bar Association, Business Law Newsletter, Editor (2010-2011)
  • Maine Angels (2013-2019), Governance Committee (September 2015-2019)

Honors

  • AV® rated by Martindale-Hubbell
  • Recognized in Chambers USA: America's Leading Lawyers for Business under Corporate/M&A
  • Named the Best Lawyers® 2020 Corporate Law "Lawyer of the Year" in Portland, Maine
  • Named the Best Lawyers® 2012, 2014, and 2018 Securities/Capital Markets Law "Lawyer of the Year" in Portland, Maine
  • Named the Best Lawyers® 2013 and 2016 Securities Regulation "Lawyer of the Year" in Portland, Maine
  • Named the Best Lawyers® 2013 Mergers & Acquisitions Law "Lawyer of the Year" in Portland, Maine
  • Listed in The Best Lawyers in America© for Corporate Law, Mergers and Acquisitions Law, Securities/Capital Markets Law, Securities Regulation in Portland, Maine
  • Selected by peers for inclusion in New England Super Lawyers© under Securities & Corporate Finance and Business/Corporate

To learn more about third-party ratings and rankings, and the selection processes used for inclusion, click here.

Firm Highlights

Publication/Podcast

60% Is Not a Cliff, Indeed

On June 11, the Small Business Administration (SBA) and the Treasury Department published important guidance that the revised 60% condition under the Paycheck Protection Program Flexibility Act will be applied proportionately, and not as...

News

Paycheck Protection Program Focuses on Short-Term and Misses Long-Term Damages

On June 8, the Portland Press Herald published an article, "Revamped emergency loan program remains a short-term fix," discussing the Paycheck Protection Program's (PPP) extended deadlines and loosened restrictions, but lack of solutions to...

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...

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

The New PPP Math: 24 + 60 = > Forgiveness + > Paperwork

On June 5, the President signed into law the Paycheck Protection Program Flexibility Act. This is the second amendment to the Program, the first being on April 24, to increase funding levels to $659...

Publication/Podcast

Webinar Materials: PPP Forgiveness: Answers to Your Most-Pressing Questions

On June 4, attorneys Greg Fryer and Ben Ford represented Verrill's COVID-19 Response Team and virtually presented with the Portland Regional Chamber of Commerce on the Paycheck Protection Program (PPP) loan forgiveness guidelines and...

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...

Publication/Podcast

PPP: How is Maine Faring?

Originally enacted on March 27, the Paycheck Protection Program (PPP) offers loan support and (potentially) loan forgiveness to qualifying small businesses – generally defined as those with not more than 500 employees. According to...

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...

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...