Richards, Layton & Finger, P.A.

Limited Liability Company & Partnership Advisory

Paul Altman is “one of the deans of the Delaware bar” (Chambers USA). 

Paul’s practice involves alternative entities, including partnerships and limited liability companies, and focuses primarily on the formation of private investment funds.  Before becoming Richards Layton’s senior vice president, Paul was chair of the firm’s Business Department and head of the Limited Liability Company and Partnership Advisory Group for nearly 20 years.

A “fabulous” practitioner who is “very knowledgeable, very thoughtful and very methodical” (Chambers USA), Paul is an active member of the state and national bar, serving on several committees related to alternative entity law.  Paul co-authored and continues to update Lubaroff & Altman on Delaware Limited Partnerships.  He has also co-authored numerous journal articles and often lectures on the subject of limited partnerships and limited liability companies at continuing legal education seminars.

Publications

Lubaroff & Altman on Delaware Limited Partnerships

This is the first complete guide containing everything a lawyer needs to know from the birth to the death of a limited partnership. This important book, revised annually, includes complete coverage and in-depth discussion of the Delaware limited partnership law, plus over 50 useful forms prepared by the authors.

Co-author, Chapter 20, “Delaware Limited Liability Companies” and Chapter 21, “Delaware Limited Partnerships”

The Delaware Law of Corporations and Business Organizations   |   October 23, 2019

Eliminating Fiduciary Duty Uncertainty: The Benefits of Effectively Modifying Fiduciary Duties in Delaware LLC Agreements

Business Law Today   |   February 2013

The Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101, et seq., makes certain statutory rules applicable only by default (i.e., only in situations in which members of a Delaware limited liability company have not otherwise provided in their limited liability company agreement). Recognition

The Martin I. Lubaroff Award, American Bar Association, 2024 Chambers USA, Band 1 The Legal 500, 2023 The Best Lawyers in America, since 2003; Wilmington, DE Business Organizations Lawyer of the Year, 2017 Delaware Today Top Lawyer, Top Vote Getter, Private Equity Law, 2014 The International Who’s Who of Private Funds Lawyers Super Lawyers

Bar Admissions

Delaware, 1983

American College of LLC and Partnership Attorneys, Initial Board Member and Founding Fellow Delaware State Bar Association, Committee responsible for drafting amendments to the Delaware Revised Uniform Limited Partnership Act, the Delaware Revised Uniform Partnership Act and the Delaware Limited Liability Company Act, Past Chair and Current Emeritus Member Delaware State Bar Association, Commercial Law Section, Past Chair American Bar Association, Committee on LLCs, Partnerships and Unincorporated Entities, Editorial Board Joint Editorial Board on Uniform Unincorporated Organization Acts of the American Bar Association and the National Conference of Commissioners on Uniform State Laws, Past Chair and Current Emeritus Member

Education

Villanova University School of Law, J.D., 1983 Villanova Law Review Lehigh University, B.S., 1980