Financial Services, Corporate
Rimon’s experienced interdisciplinary team, with attorneys from our financial services, tax, corporate and other practices, has significant experience structuring, negotiating, documenting and enforcing equipment leasing and financing transactions, and addressing various legal issues encountered by companies engaged in this vital part of the economy.
Our lawyers are actively involved in the Equipment Leasing and Financing Association and include a current member of the Association's Legal Committee; a long-time columnist for The Monitor, the leading independent trade publication in the equipment leasing and finance industry; and a member of the Board of Directors of LJN's Equipment Leasing Newsletter. Our attorneys also publish articles in a variety of equipment leasing and financing journals, including The Monitor, the ABF Journal, The Journal of Equipment Lease Financing, and LJN LEADERS. Our attorneys include members of the Best Lawyers of America® and Super Lawyers®.
We represent national and state banks and bank subsidiaries, independent and captive leasing and finance companies, financial services corporations, and investment funds, including some of the 50 largest equipment leasing and finance companies in the United States (as rated by The Monitor 100).
We are experienced in a wide range of transaction and equipment types. Transaction types include, for example, TRAC, split-TRAC, first amendment, fair market value (FMV), service contract, sale-leasebacks, and other true lease structures; leases intended as security, equipment finance agreements and traditional loan transactions; progress payment, interim funding and construction financings; sublease and inventory structures; mixed goods and services transactions; vendor lease programs; assignments and syndications; warehouse and funding lines; refinancings; back-leveraging; lease assignments; sales of interest; and portfolio acquisitions.
Equipment types include aircraft; construction equipment; FF&E; electric generation facilities, including solar facilities, landfill-gas-to-energy, anaerobic digester and co-generation projects; computer, telecommunications and other high-tech equipment; medical equipment; drilling rigs and gas compression equipment; manufacturing equipment and facilities; motor vehicles, including trucks, tractors and trailers; and railroad rolling stock.
Our team provides representation with respect to almost all aspects of equipment leasing and finance. Some examples include:
Rimon has received international recognition for its spherical organizational structure. It allows for an agile and dynamic team that works closely together to efficiently respond to client needs.
Our experienced partners form the surface of the sphere, working directly with clients without bureaucratic interference. They are fully supported by a close team of associates, the Rimon Network, administrative staff, and management.
This model contrasts with the traditional pyramid structure, and offers the following benefits:
Unlike in a pyramid model, our attorneys do not have to follow the dictates of superiors who are unfamiliar with their clients. They do not have to feed the top of a pyramid or follow bureaucratic rules. Instead, Rimon attorneys turn their attention to serving clients by working as a team of equals, supported by staff, Rimon Network, and associates. Rimon’s management fosters teamwork and excellence instead of getting in the way of client representation.
Our attorneys are not compensated based on their ranking in a hierarchy or relationship with management. Our compensation structure is based purely on work done for our clients. Attorneys are rewarded for bringing in new work and for assisting their peers. This ensures that our attorneys focus on client needs and relationships, rather than firm politics.
We recognize that every client has different needs. One size does not fit all. For this reason, our attorneys have the freedom to determine alternative billing structures and tailored representation for our clients.
Since we do not rely on the leveraged model of a pyramid structure, most of our attorneys are partners with years of high-level experience. Our attorneys do not cut their teeth on our clients’ important work. At the same time, our support team ensures clients don’t pay partner rates for data entry or basic research. Furthermore, with management working on the day-to-day business issues of the firm, our attorneys can focus on our clients.
The pyramid structure often rewards hoarding work, or working with the most connected partners for political reasons, even if they are not the right ones for the job. The Rimon model encourages attorneys to work together as a single, efficient team, in a way that serves the client best. Hierarchy, bureaucracy, and politics do not get in the way.
Since our partners work as a team but do not depend on each other for their compensation, Rimon’s structure allows for greater stability. Attorneys do not suffer as a result of weak performance in a specific office or sector, nor do they rely on a few rainmakers to keep the firm afloat.
The flexibility of the spherical structure and Rimon’s culture promotes constant dynamism. Freed from the stiff pyramid structure, new ideas can be implemented by those most likely to be successful.
Financial Services, Corporate
Emma R. Larson
Corporate, International, Financial Services
Corporate, Financial Services, International, Technology, Bankruptcy and Creditors’ Rights
Douglas J. Schneller
Corporate, Financial Services, International, Bankruptcy and Creditors’ Rights
Real Estate, Corporate, International, Bankruptcy and Creditors’ Rights, Technology