Jay M. Newman is Counsel to the firm’s Corporate/Business and Real Estate Practice Groups. Jay is a transactional attorney representing clients in many facets of corporate and commercial transactions, including buying, selling and financing all types of businesses including leasing of retail, commercial and residential real estate properties. Jay represents many corporate clients and coop boards as outside general counsel, providing advice and guidance on a broad spectrum of business issues. Jay’s practice includes representation of many prominent physicians in the negotiation of their employment contracts, sales of their medical practices, conversion to concierge practices and advice on regulatory matters.
Jay also works closely with trusts and estates counsel in connection with succession planning for closely-held businesses, including buy-sell agreements, shareholder and operating agreements, and regularly works with valuation experts to determine the most tax-efficient manner of preservation of the equity in such businesses.
Jay’s other areas of concentration are: Negotiating and drafting complex contracts for investors and businesses; Negotiating and drafting collateral security packages in connection with loan transactions; Construction contracts including license, indemnity and protection agreements; Negotiation and Drafting of Employment Agreements.
Jay graduated from Washington University in St. Louis and then New York Law School. He has an AV rating from Martindale-Hubbell reflecting the highest ranking from his peers. He serves on the Boards of the Jack Martin Fund in support of medical research and education programs at Mount Sinai Hospital, The Foundation for Heart Failure Research, which supports research and clinical trials in the field of heart failure and is an honorary Trustee of Congregation Rodeph Sholom in New York City.
Prior to joining the firm, Jay was a Founding Partner of Newman & Newman, P.C., where he built a boutique law firm providing extraordinary service to the firm’s many high net worth clients.