Neal H. Strum

Strum Neal

Neal Strum focuses on business advice, planning, and transactions for a wide range of industries and businesses. Neal has an extensive background in structuring and negotiating mergers and acquisitions, limited liability company operating agreements, and venture capital/private equity financings and investments. He negotiates joint ventures, strategic alliances, redemptions, buyouts, and service and distribution relationships. He assists clients with executive employment and consulting arrangements and terminations. In addition, Neal helps with the management of sensitive interpersonal dynamics, and develops creative solutions to achieve transactional objectives and resolve complex issues. Neal created and currently oversees the firm's Corporate Practice Group Writing Program. 


Representative Matters

  • Represented active hedge funds and other funds in more than 150 private company investments totaling over $1 billion
  • Represented a tech company in the sale of its online reputation management business to a private equity buyer
  • Represented international investors in a transaction to structure, organize, and capitalize a new U.S. biotechnology company
  • Represented a health advisory company in multiple rounds of equity and debt financing
  • Represented a financial services company in structuring and negotiating a buy-out of the ownership interest of a founder and key executive; collaborated with labor and litigation counsel to integrate the buy-out with a settlement of threatened litigation
  • Represented a healthcare service company in a strategic alliance with a national insurance company to create, market, and manage a new benefits product
  • Represented the founders of a government relations, public relations, marketing, and communications firm in creating and implementing a new organizational model for growth through strategic acquisitions. Represented the newly formed holding company in multiple acquisitions and divestments
  • Represented a hospitality consulting firm in negotiating numerous asset management and consulting and service arrangements, including various equity interests
  • Represented an executive in negotiating the terms of his employment as general counsel of a communications infrastructure company, and related equity investments
  • Represented a senior executive of a private equity firm in negotiating the terms of his retirement, post-retirement consulting arrangements, and related equity buy-outs
  • Represented a family-owned meat-processing company in its sale to a strategic buyer
  • Represented a utility-service company in a proposed acquisition of a family-owned complementary line of business
  • Represented a privately owned financial services company in the sale of a subsidiary’s software and licensing business to a public company strategic buyer
  • Represented a university executive in negotiating the terms of his employment as president and CEO of a private university
  • Represented a national financial institution in structuring and documenting the terms of a joint venture with a design and manufacturing firm, as part of a corporate social responsibility program
  • Represented a strategic buyer in the purchase of a family-owned auto glass business
  • Represented the owners of a veterinary hospital in the sale of the hospital to a national roll-up buyer and the sale of related real estate
  • Represented an equity partner in an accounting firm in negotiating the terms of his resignation and related equity buy-out
  • Represented an infomercial company in the departure and buy-out of key executives who were minority owners
  • Represented the sellers of a specialty healthcare insurance agency in a sale to an international insurance company
  • Represented a seller/management team, recipients of a large “earn-out,” in an early redemption/buy-out of the earn-out
  • Represented investors in negotiating terms of investment in venture, private equity, and hedge funds




  • J.D. with honors University of Maryland School of Law 1991
    • Order of the Coif
    • Judge Simon E. Sobeloff Prize for Constitutional Law
    • Bridgewater M. Arnold Prize for Commercial Paper
    • Judge Morton P. Fisher Memorial Prize for Estate and Gift Taxation
    • American Jurisprudence Awards for Property Law, Criminal Law, Insurance Law, Constitutional Law, and Domestic Relations Law
  • B.A. University of Maryland 1987

Bar Admissions

  • Maryland

Court Admissions

  • U.S. Tax Court

Professional Memberships and Activities

  • Member, Maryland State Bar Association
  • Member, American Bar Association, Sections of Business Law, Taxation, and Antitrust
  • Certified Public Accountant, 1987


  • Martindale-Hubbell, AV® Peer Review Rated



  • Serves as vice president, education, and chairs the board of education of an 1,100-student parochial school
  • Served on the executive boards of several charitable organizations and other nonprofits