704.591.2402

richdrake@richdrakelaw.com

862 Brawley School Rd, Brawley Point, Ste. 203,
Mooresville, NC 28117

Biography

RICHARD N. DRAKE
Managing Member, Drake Law Firm, PLLC

Drawing on experience from his success as a Partner in several large, national and regional law firms, Rich brings knowledge and commitment to entrepreneurs and businesses of all sizes and structures.

For over thirty years, Rich helped clients resolve legal problems and achieve business goals.

By way of example, Rich has handled the following types of representation:

  • Advised owners and management with respect to a variety of complex business and financing transactions.
  • Counseled companies regarding corporate, securities and financing transactions and other related matters, as well as handled oversight of other third-party legal and professional services.
  • Led or participated in the representation of clients in over 200 mergers, acquisitions, dispositions and financing transactions totaling over $8,000,000,000.
  • Advised majority and minority shareholders in matters relating to minority shareholder agreements, actions, and negotiations.
  • Represented borrowers and lenders in a variety of secured and unsecured credit facilities, including asset-based loan transactions and syndicated financing arrangements.
  • Advised land acquisition companies and real estate developers in the acquisition, entitlement, development and sale of residential, office, and mixed-use real estate projects.
  • Counseled real estate developers and investors in a variety of corporate, tax, and real estate matters in mixed-use real estate development projects of various sizes and complexity in North Carolina and South Carolina.
  • Counseled homeowners facing foreclosure in various foreclosure avoidance techniques, including short sales and loan modifications.

Selected Honors & Awards

Greater Cleveland Community Shares – Outstanding Trustee Service Award – 1996

Cleveland Bar Association’s Committee for the Homeless – Pro Bono Outstanding Professional – 1994

Education

University of Michigan, J. D. 1986
Duke University, A.B., magna cum laude, 1983

Phi Beta Kappa
Associations & Affiliations of Note

Leadership

Former Chair, Business Law Section – Mecklenburg County Bar Association – 2002-2003
Advisory Board Member, Charlotte Chapter – The Entrepreneurship Institute – 2000-2011
Trustee, Board of Trustees – The Charlotte Repertory Theatre, 2004-2005
Graduate, Leadership Winston-Salem, Class of 1999-2000

North Carolina Bar Association
Business Law Section Member
Real Estate Law Section Member

American Bar Association
Business Law Section Member
Real Property, Trust & Estate Law Section

Iredell County Bar Association

Personal

Raised in Hickory, NC
Married to the former Susie L. Sigmon
The Cove Church, Mooresville, NC
Plays league basketball every week, giving no thought to imminent bodily harm!

Rich-Drake-Attorney

Selected Speeches & Publications

“Duties and Liabilities of Management and Rights of Minority Interest Owners,” Basics of Business Law, North Carolina Bar Foundation, April 2-3, 1998.

Contributing Author, “Letters of Intent in Business Transactions,” Corporate Counsel’s Guide to Acquisitions & Divestitures, Vol. 3, Chapter 41, Business Laws, Inc., 1994 revision.

“Securing the Seller’s Warranties in a Business Acquisition: Indemnification, Escrows, Set-offs and other Mechanisms,” 1994 Corporation, Banking and Business Law Institute, Cleveland Bar Association, Corporation, Banking and Business Law Section, April 22, 1994.

“Strategic Alliances, Interactive Technologies and the Internet,” Business Technology, 1996 Bank One, N.A. Business Seminar Series, April 17, 1996.

Monthly Columnist, “Law & Business,” Business Tool Box, Triad Business News, February 1998 to 2000.

“Legal Preventive Maintenance - Keeping Your Company Healthy,” COSE Update, Council of Smaller Enterprises, Greater Cleveland Growth Association, Vol. 16, Issue 8, August, 1993; Reprinted in General Practice News, Ohio State Bar Association, Vol 3, Fall 1993.

Contributing Author, “Fair Credit Reporting Act,” Banking Law, Vol. 7, and Consumer Credit: Law, Transactions and Forms, Vol. 2, Matthew Bender & Company, 1990 to 1996.

Contributing Author, “Right to Financial Privacy Act of 1978,” Banking Law, Vol. 8 and Consumer Credit: Law, Transactions and Forms, Vol. 2, Matthew Bender & Company, 1990 to 1996.

Selected Honors & Awards

Greater Cleveland Community Shares - Outstanding Trustee Service Award – 1996

Cleveland Bar Association's Committee for the Homeless – Pro Bono Outstanding Professional – 1994

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