James Alterbaum

James Alterbaum

Partner

Contact Me

T(212) 554-7886

F(917) 206-4386

T(516) 498-8828

F(516) 498-8810

James Alterbaum, a senior partner in the Corporate/M&A practice, Chairman of its Accounting Law practice and lead partner of the Firm's Long Island, NY practice,  has over 30 years experience in corporate, securities, commercial and employment law. With a background in accounting and finance, Jim takes a business and entrepreneurial approach to the law.

Jim's practice serves public, private, and corporate clients in diversified fields, including the food, manufacturing, distribution, health care and technology industries. Jim has particular expertise in serving closely-held and family multi-generational firms facing business and corporate governance challenges, including the structuring of M&A transactions, refinancing, public and private offerings and succession plans. Jim places heavy emphasis on the strategic decision-making surrounding these transactions and focuses particularly on the negotiation process, through all its stages.

Working with many professionals in other disciplines, including investment bankers, financing sources, accountants, valuation and wealth management experts, Jim strives to provide a value-added approach to the law that cuts across a variety of practice areas. 

As noted in his Testimonials, Jim earns substantial praise from clients and industry experts for his business acumen and no-nonsense approach towards solving complex issues.  For example, a client wrote:  

“There are many types of lawyers out there. But in my book, Jim Alterbaum is the total package. And he has a tremendous firm behind him. He is a lawyer that really helps to make a deal happen, but also has the strength of character to tell the client ‘no.’ He knows what's important and ignores the noise. He gives advice with the sensibility of a business person but with the hard earned experience of a seasoned lawyer. His integrity is unquestioned, his work ethic is tremendous and his willingness to help his friends and clients is unsurpassed. I recommend him.”

Jim is a well-regarded public speaker, who lectures regularly for the National Business Institute and for the Long Island incubator, LaunchPad. A well-versed author and contributor to Aspatore’s Corporate Law Best Practices, Jim has written numerous trade articles, and has appeared on such programs as CNBC's Money Talk, Today's Business, WLIE and Sky Radio, and has been interviewed by The New York Times, Crain’s New York Business, Long Island Business News, and Entrepreneur magazine.

A recipient of Columbia University's "Mentor of the Year" award, Jim is active on the Portfolio Advisory Board of the Eugene M. Lang Center for Entrepreneurship of Columbia University's School of Business, where he lectures to MBA students. He is a member of the Long Island chapter of The Institute of Management Accountants and serves on the Advisory Board for Sterling National Bank and on the Bank of America US Trust's Advisory Council.

Jim supports numerous philanthropic causes.  He received the American Jewish Committee's Long Island Human Relations Award.   He is active with the Maurer Foundation for Breast Health Education, the Epilepsy Foundation of Long Island, the Center Against Domestic Violence and other worthy causes.

Jim has been selected as a "2013 Top Rated Lawyer in Labor & Employment" by American Lawyer Media and Martindale-Hubbell™ and is rated AV Preeminent® in his field by Martindale-Hubbell®, receiving honors as a NY Top Rated Lawyer.   He was selected as a finalist for the 2014 New York Smart ESQ Attorney of the Year Award sponsored by Smart CEO Magazine and honored as a Super Lawyer in the 2014, 2015, 2016 Metro Edition of New York Super Lawyers®.

Professional Affiliations [View All]
  • Institute of Management Accountants
  • Advisory Board of Sterling Bank
  • Advisory Board of Bank of America (US Trust) Wealth Management
  • Board of Directors, Maurer Foundation for Breast Cancer Education
  • LaunchPad Advisory Board (Long Island incubator)
  • Advisory Board of Columbia University's Eugene M. Lang Center for Entrepreneurship
Presentations [View All]
  • "Helping Your Client Buy or Sell a Small-to-Medium Sized Business," National Business Institute, May 2014
  • "Limited Liability Companies," National Business Institute, June 2013 
  • "Getting Ready for Prime Time: The Legal Audit," LaunchPad, October 2013
  • "The Art of Negotiation," LaunchPad, May 2013
  • "Business Contracts A to Z,"  National Business Institute, September 2012
  • "New York Restaurateurs: How Best to Avoid Wage & Hour Audits and Lawsuits," Hofstra Labor & Employment Law Journal and Moses & Singer Symposium, May 2012
  • "Business Negotiations & Legal Audits," National Conference of CPAs
  • 'Business Succession Planning Seminar," Jewish National Fund
  • "Business Valuation," Association of Professional Financial Consultants
  • "Buying or Selling A Business," Small Business Development Center
  • "Contracts & Copyrights," International Association of Business Communicators
  • "Corporate Governance," Institute of Management Accountants
  • "How to Develop A Business Plan," American Women's Economic Development Corp.
  • "Legal Aspects of Financing," Yonkers Entrepreneurial Center
  • "Legal Liabilities for Accountants," N.Y. Society of Independent Accountants
  • "Raising Capital for Your Business," L.I. Women's Institute
  • "Sarbanes Oxley (What New York Attorneys Need to Know)," National Business Institute
  • "The Law of the Internet and Computer Law," E. Manhattan Chamber of Commerce
  • "How to Make the Most of Federal, State And New York City Incentive Programs"
  • "Mezzanine Debt & Private Equity - Tools for Growth/Exit Strategies," Long Island Private Equity Forum

Representative Matters

General representation:

  • Act as outside general counsel for all corporate work for nationwide beverage company, providing representation in various stages of the company’s development including:
    • Initial venture capital investment,
    • Private equity transaction involving a change of control, and
    • Major liquidity event ultimately involving a change of control.
  • Act as general counsel to a commercial laundry company, commencing with its sale to a fund and subsequent reacquisition of portions of the company from the fund.
  • Represented a US company in successful litigation with a Chinese supplier.  Action successfully brought in US resulted in significant settlement.  
  • Represented several accounting and professional firms in major transactions including:
    • Merger with a competitor
    • Counseling in connection with strategic alternatives
    • Negotiation of partner group with other partner group in preparation for subsequent sale of firm.
  • Acted as advisor to board of directors or committees of board of private and public companies.
  • Worked with marital and estate group on collaborative divorce for business owner.

Mergers and acquisitions:

  • Represented national janitorial service company in sales transaction with a private equity firm.
  • Represented publically-owned technology company in sale to strategic buyer and previously as general counsel.
  • Represented maritime company in sale to strategic buyer.
  • Represented apparel company in connection with significant earn out sale to a public company.
  • Represented company in the cosmetics and skin care industry in sale to a public company.
  • Represented company in the seafood business in sale to an international buyer.
  • Represented a public health care company in sale to a strategic buyer.
  • Extensive liaison with investment bankers, broker dealers, commercial bankers, insurance experts and wealth managers on M & A and financing ventures.

Related Articles

Testimonials

"Thank you for being an amazing lawyer and protecting us and fighting for us!"

                                                                                     Jim Fisher and Karen Nemeroff, Aides at Home

 

"Jim - Supposedly this bottle of wine is perfect, at least according to the people who score these type of things.  I thought it was a good metaphor for the value you provide people, at least in my observation.  More than just an attorney but truly counsel, for which I am so appreciative. As attorneys go, I do think [you are] among the highest character that I have met."

Card from John Casey, Nutritional Therapeutics 

 

"If you are hearing or know of anything that I should be aware of, then we should talk or meet. I do need my Jim Alterbaum “fix” since I haven’t talked to anyone with your great personality and supreme business acumen for some time."                                

                                                                                                                          Email from commercial banking contact

 

 

"Thank you both [with Allan Grauberd] for all your years of legal advice and friendship. We have some some great deals together and you had my back through it all.”

Gordon Crane, President and CEO
Apple & Eve Inc.

 

"I attended the National Business Institute’s CLE on “Business Contracts A to Z”  where you talked about drafting and negotiating business contracts. I learned a lot during that CLE, and I think you are a great presenter!  I recently referenced your checklist on negotiating strategies and it was definitely helpful." 

E-mail from seminar attendee

 

“I have known Jim Alterbaum for roughly 20 years and to say he is good person, a trusted advisor and good friend would be an understatement. Jim is just one of those guys that you should consider yourself lucky to know.  Jim always takes the call, answers the email or finds a way to help.  He is an inspiration for those like me who have gotten to know him as well as I have.  Jim doesn't keep a check list of what he does for you, he never says you can owe him and he is selfless in how he approaches helping his friends.  Jim is always available to take a look at business plans and financials and give real world advice on how it can fit in a global environment.”

                                                                                                                                                                                                                                              E-mail from technology client

 “[I] Worked with Jim Alterbaum during a critical time of managing Anorad during a Chapter 11 scenario and a later sale of the business to Rockwell. Jim has a great personality and is business savvy; easy to communicate with both on legal and business terms. I would recommend Jim and will be happy to work with him in the future.”

Amir Chitayat, Partner
OpenMoves Inc.

Jim Alterbaum is a outstanding counselor with true experience and dedication to his field. He is well versed in working with entrepreneurs regarding business planning, capital raising, and negotiating with businesses and shareholders alike. Jim's ideas and implementation of such have helped launch my organization to the next level and I would highly recommend him to any size organization looking to grow their business.”

Richard Foster, President
Foster Management & Holdings, LLC

 

“I have worked with Jim Alterbaum both in my capacity as a senior executive in several growth companies and as an adjunct professor at Columbia Business School. In my experience, Jim is a very strong advocate for his clients with keen insight into both business and legal issues. He is the rare attorney who will not "over-lawyer" a situation, and has a broad breadth of experience working with senior corporate-type executives as well as entrepreneurs. I recommend Jim unconditionally.”

Brendan Burns, CEO
1000|Museums
Professor, Columbia Business School

 

Jim Alterbaum is a unique attorney. He is a master of networking and knows everyone. He is a great businessman and truly understands business concepts and not just the legal side of the equation. He's tough when he needs to be but very good at looking at all of the angles. I would recommend him highly!”

Lou Biscotti, Partner/National Director Food and Beverage Sector
WeiserMazars LLP

 

“There are many types of lawyers out there. But in my book, Jim Alterbaum is the total package. And he has a tremendous firm behind him. He is a lawyer that really helps to make a deal happen, but also has the strength of character to tell the client ‘no.’ He knows what's important and ignores the noise. He gives advice with the sensibility of a business person but with the hard earned experience of a seasoned lawyer. His integrity is unquestioned, his work ethic is tremendous and his willingness to help his friends and clients is unsurpassed. I recommend him.”

Alan Schatten, Entrepreneur

 

"I happened to be on the phone with [a mutual contact] today and he mentioned that you have been a tremendous help in navigating his firm through some choppy waters.  As you know this is a dear friend, so I truly appreciate the tremendous effort and care you have put forward and the attention you have shown him.  I know for a fact that he appreciates it as well." 

                                                                                                      John Bransfield, Advantage Title

  

“It’s rare you find someone with a combination of being such a creative problem solver as well as an expert in his field. There is no one in the legal world I would consider more of a go to guy than Jim Alterbaum, especially when it involves complex problems that need cost effective and immediate solutions.”

Barry Levine, Founder
Microcomputer Consulting Group, Inc.

 

"Jim is an exceptionally astute corporate attorney with a wealth of knowledge and experience across a broad range of industries. He particularly excels at M&A and financings, regularly providing just the right advice in negotiating and structuring transactions. I recommend him in all regards."

Greg Goodman, Business Plan Specialist
Independent Consulting Practice

 

Jim Alterbaum has represented my family and various businesses that I have been associated with. He is the ultimate professional and performs admirably on behalf of his clients. His keen business sense makes him an excellent corporate attorney.”

Corey Aronin, Chief Financial Officer
Love and Quiches Desserts

 

 

                                                                                 Prior results do not guarantee a similar outcome.

 

Biography

James Alterbaum, a senior partner in the Corporate/M&A practice, Chairman of its Accounting Law practice and lead partner of the Firm's Long Island, NY practice,  has over 30 years experience in corporate, securities, commercial and employment law. With a background in accounting and finance, Jim takes a business and entrepreneurial approach to the law.

Jim's practice serves public, private, and corporate clients in diversified fields, including the food, manufacturing, distribution, health care and technology industries. Jim has particular expertise in serving closely-held and family multi-generational firms facing business and corporate governance challenges, including the structuring of M&A transactions, refinancing, public and private offerings and succession plans. Jim places heavy emphasis on the strategic decision-making surrounding these transactions and focuses particularly on the negotiation process, through all its stages.

Working with many professionals in other disciplines, including investment bankers, financing sources, accountants, valuation and wealth management experts, Jim strives to provide a value-added approach to the law that cuts across a variety of practice areas. 

As noted in his Testimonials, Jim earns substantial praise from clients and industry experts for his business acumen and no-nonsense approach towards solving complex issues.  For example, a client wrote:  

“There are many types of lawyers out there. But in my book, Jim Alterbaum is the total package. And he has a tremendous firm behind him. He is a lawyer that really helps to make a deal happen, but also has the strength of character to tell the client ‘no.’ He knows what's important and ignores the noise. He gives advice with the sensibility of a business person but with the hard earned experience of a seasoned lawyer. His integrity is unquestioned, his work ethic is tremendous and his willingness to help his friends and clients is unsurpassed. I recommend him.”

Jim is a well-regarded public speaker, who lectures regularly for the National Business Institute and for the Long Island incubator, LaunchPad. A well-versed author and contributor to Aspatore’s Corporate Law Best Practices, Jim has written numerous trade articles, and has appeared on such programs as CNBC's Money Talk, Today's Business, WLIE and Sky Radio, and has been interviewed by The New York Times, Crain’s New York Business, Long Island Business News, and Entrepreneur magazine.

A recipient of Columbia University's "Mentor of the Year" award, Jim is active on the Portfolio Advisory Board of the Eugene M. Lang Center for Entrepreneurship of Columbia University's School of Business, where he lectures to MBA students. He is a member of the Long Island chapter of The Institute of Management Accountants and serves on the Advisory Board for Sterling National Bank and on the Bank of America US Trust's Advisory Council.

Jim supports numerous philanthropic causes.  He received the American Jewish Committee's Long Island Human Relations Award.   He is active with the Maurer Foundation for Breast Health Education, the Epilepsy Foundation of Long Island, the Center Against Domestic Violence and other worthy causes.

Jim has been selected as a "2013 Top Rated Lawyer in Labor & Employment" by American Lawyer Media and Martindale-Hubbell™ and is rated AV Preeminent® in his field by Martindale-Hubbell®, receiving honors as a NY Top Rated Lawyer.   He was selected as a finalist for the 2014 New York Smart ESQ Attorney of the Year Award sponsored by Smart CEO Magazine and honored as a Super Lawyer in the 2014, 2015, 2016 Metro Edition of New York Super Lawyers®.

Professional Affiliations [View All]
  • Institute of Management Accountants
  • Advisory Board of Sterling Bank
  • Advisory Board of Bank of America (US Trust) Wealth Management
  • Board of Directors, Maurer Foundation for Breast Cancer Education
  • LaunchPad Advisory Board (Long Island incubator)
  • Advisory Board of Columbia University's Eugene M. Lang Center for Entrepreneurship
Presentations [View All]
  • "Helping Your Client Buy or Sell a Small-to-Medium Sized Business," National Business Institute, May 2014
  • "Limited Liability Companies," National Business Institute, June 2013 
  • "Getting Ready for Prime Time: The Legal Audit," LaunchPad, October 2013
  • "The Art of Negotiation," LaunchPad, May 2013
  • "Business Contracts A to Z,"  National Business Institute, September 2012
  • "New York Restaurateurs: How Best to Avoid Wage & Hour Audits and Lawsuits," Hofstra Labor & Employment Law Journal and Moses & Singer Symposium, May 2012
  • "Business Negotiations & Legal Audits," National Conference of CPAs
  • 'Business Succession Planning Seminar," Jewish National Fund
  • "Business Valuation," Association of Professional Financial Consultants
  • "Buying or Selling A Business," Small Business Development Center
  • "Contracts & Copyrights," International Association of Business Communicators
  • "Corporate Governance," Institute of Management Accountants
  • "How to Develop A Business Plan," American Women's Economic Development Corp.
  • "Legal Aspects of Financing," Yonkers Entrepreneurial Center
  • "Legal Liabilities for Accountants," N.Y. Society of Independent Accountants
  • "Raising Capital for Your Business," L.I. Women's Institute
  • "Sarbanes Oxley (What New York Attorneys Need to Know)," National Business Institute
  • "The Law of the Internet and Computer Law," E. Manhattan Chamber of Commerce
  • "How to Make the Most of Federal, State And New York City Incentive Programs"
  • "Mezzanine Debt & Private Equity - Tools for Growth/Exit Strategies," Long Island Private Equity Forum
Education
  • Yale Law School (J.D.)
  • University of Pennsylvania, Wharton School (B.S., summa cum laude)
Bar/Court Admissions
  • U.S. Court of Appeals, Second Circuit
  • New York
Representative Matters

General representation:

  • Act as outside general counsel for all corporate work for nationwide beverage company, providing representation in various stages of the company’s development including:
    • Initial venture capital investment,
    • Private equity transaction involving a change of control, and
    • Major liquidity event ultimately involving a change of control.
  • Act as general counsel to a commercial laundry company, commencing with its sale to a fund and subsequent reacquisition of portions of the company from the fund.
  • Represented a US company in successful litigation with a Chinese supplier.  Action successfully brought in US resulted in significant settlement.  
  • Represented several accounting and professional firms in major transactions including:
    • Merger with a competitor
    • Counseling in connection with strategic alternatives
    • Negotiation of partner group with other partner group in preparation for subsequent sale of firm.
  • Acted as advisor to board of directors or committees of board of private and public companies.
  • Worked with marital and estate group on collaborative divorce for business owner.

Mergers and acquisitions:

  • Represented national janitorial service company in sales transaction with a private equity firm.
  • Represented publically-owned technology company in sale to strategic buyer and previously as general counsel.
  • Represented maritime company in sale to strategic buyer.
  • Represented apparel company in connection with significant earn out sale to a public company.
  • Represented company in the cosmetics and skin care industry in sale to a public company.
  • Represented company in the seafood business in sale to an international buyer.
  • Represented a public health care company in sale to a strategic buyer.
  • Extensive liaison with investment bankers, broker dealers, commercial bankers, insurance experts and wealth managers on M & A and financing ventures.
Testimonials

"Thank you for being an amazing lawyer and protecting us and fighting for us!"

                                                                                     Jim Fisher and Karen Nemeroff, Aides at Home

 

"Jim - Supposedly this bottle of wine is perfect, at least according to the people who score these type of things.  I thought it was a good metaphor for the value you provide people, at least in my observation.  More than just an attorney but truly counsel, for which I am so appreciative. As attorneys go, I do think [you are] among the highest character that I have met."

Card from John Casey, Nutritional Therapeutics 

 

"If you are hearing or know of anything that I should be aware of, then we should talk or meet. I do need my Jim Alterbaum “fix” since I haven’t talked to anyone with your great personality and supreme business acumen for some time."                                

                                                                                                                          Email from commercial banking contact

 

 

"Thank you both [with Allan Grauberd] for all your years of legal advice and friendship. We have some some great deals together and you had my back through it all.”

Gordon Crane, President and CEO
Apple & Eve Inc.

 

"I attended the National Business Institute’s CLE on “Business Contracts A to Z”  where you talked about drafting and negotiating business contracts. I learned a lot during that CLE, and I think you are a great presenter!  I recently referenced your checklist on negotiating strategies and it was definitely helpful." 

E-mail from seminar attendee

 

“I have known Jim Alterbaum for roughly 20 years and to say he is good person, a trusted advisor and good friend would be an understatement. Jim is just one of those guys that you should consider yourself lucky to know.  Jim always takes the call, answers the email or finds a way to help.  He is an inspiration for those like me who have gotten to know him as well as I have.  Jim doesn't keep a check list of what he does for you, he never says you can owe him and he is selfless in how he approaches helping his friends.  Jim is always available to take a look at business plans and financials and give real world advice on how it can fit in a global environment.”

                                                                                                                                                                                                                                              E-mail from technology client

 “[I] Worked with Jim Alterbaum during a critical time of managing Anorad during a Chapter 11 scenario and a later sale of the business to Rockwell. Jim has a great personality and is business savvy; easy to communicate with both on legal and business terms. I would recommend Jim and will be happy to work with him in the future.”

Amir Chitayat, Partner
OpenMoves Inc.

Jim Alterbaum is a outstanding counselor with true experience and dedication to his field. He is well versed in working with entrepreneurs regarding business planning, capital raising, and negotiating with businesses and shareholders alike. Jim's ideas and implementation of such have helped launch my organization to the next level and I would highly recommend him to any size organization looking to grow their business.”

Richard Foster, President
Foster Management & Holdings, LLC

 

“I have worked with Jim Alterbaum both in my capacity as a senior executive in several growth companies and as an adjunct professor at Columbia Business School. In my experience, Jim is a very strong advocate for his clients with keen insight into both business and legal issues. He is the rare attorney who will not "over-lawyer" a situation, and has a broad breadth of experience working with senior corporate-type executives as well as entrepreneurs. I recommend Jim unconditionally.”

Brendan Burns, CEO
1000|Museums
Professor, Columbia Business School

 

Jim Alterbaum is a unique attorney. He is a master of networking and knows everyone. He is a great businessman and truly understands business concepts and not just the legal side of the equation. He's tough when he needs to be but very good at looking at all of the angles. I would recommend him highly!”

Lou Biscotti, Partner/National Director Food and Beverage Sector
WeiserMazars LLP

 

“There are many types of lawyers out there. But in my book, Jim Alterbaum is the total package. And he has a tremendous firm behind him. He is a lawyer that really helps to make a deal happen, but also has the strength of character to tell the client ‘no.’ He knows what's important and ignores the noise. He gives advice with the sensibility of a business person but with the hard earned experience of a seasoned lawyer. His integrity is unquestioned, his work ethic is tremendous and his willingness to help his friends and clients is unsurpassed. I recommend him.”

Alan Schatten, Entrepreneur

 

"I happened to be on the phone with [a mutual contact] today and he mentioned that you have been a tremendous help in navigating his firm through some choppy waters.  As you know this is a dear friend, so I truly appreciate the tremendous effort and care you have put forward and the attention you have shown him.  I know for a fact that he appreciates it as well." 

                                                                                                      John Bransfield, Advantage Title

  

“It’s rare you find someone with a combination of being such a creative problem solver as well as an expert in his field. There is no one in the legal world I would consider more of a go to guy than Jim Alterbaum, especially when it involves complex problems that need cost effective and immediate solutions.”

Barry Levine, Founder
Microcomputer Consulting Group, Inc.

 

"Jim is an exceptionally astute corporate attorney with a wealth of knowledge and experience across a broad range of industries. He particularly excels at M&A and financings, regularly providing just the right advice in negotiating and structuring transactions. I recommend him in all regards."

Greg Goodman, Business Plan Specialist
Independent Consulting Practice

 

Jim Alterbaum has represented my family and various businesses that I have been associated with. He is the ultimate professional and performs admirably on behalf of his clients. His keen business sense makes him an excellent corporate attorney.”

Corey Aronin, Chief Financial Officer
Love and Quiches Desserts

 

 

                                                                                 Prior results do not guarantee a similar outcome.