Bob Creighton is the firm’s managing partner and a corporate attorney who advises businesses in all aspects of their development. He regularly counsels clients in connection with acquisitions, dispositions, mergers, joint ventures, restructurings, shareholders’ agreements, partnership and employment agreements, contracts, general and corporate governance matters. He has been advising commercial lenders in financing transactions, including secured and unsecured financings, leveraged acquisitions, term loans, revolving credits, syndicated facilities and asset-based facilities since the 1980s. Bob also represents various parties in the not-for-profit and healthcare industry, including not-for-profit boards, hospital boards and physician practices in connection with strategic transactions, corporate governance issues and financing transactions. He also advises them on general corporate issues. Most recently, Mr. Creighton represented Winthrop University Hospital (now NYU Winthrop) in its affiliation with NYU Langone Health System.
How would you define your role as managing partner?
The managing partner role combines developing strategy and a vision for the firm, as well as mentoring our attorneys. I balance my time managing the firm with handling client matters and actively participating in many organizations across Long Island. As a business lawyer, most of my time is spent providing strategic advice and guidance to our clients.
“Our firm’s success is fueled by an unwavering commitment to our clients and our focus on delivering the highest quality legal services in an efficient and timely manner.”
Tell us about your most memorable transactions.
One of my favorite transactions was an acquisition of a sizeable company out of bankruptcy on the West Coast in which our firm represented the acquirer – a large nutritional supplement company. The seller was represented by a multinational law firm that staffed the transaction with an army of lawyers. In contrast, we had a very lean team of corporate and bankruptcy attorneys. It was a rewarding deal because our corporate and bankruptcy groups worked together to achieve a great result for our client. Generally, the work that I enjoy most is counseling businesses in merger and acquisition transactions. It is fulfilling because owners – whether they are buyers or sellers – really need and appreciate good legal advice, and it’s very satisfying to help them achieve their goals.
What kind of guidance do you give clients?
Our job, with any client, is to help them assess risk in whatever business activity they are considering. We work with our clients to manage and mitigate risks and make sure they understand the costs and benefits of doing so. To do this effectively, we make every effort to learn about each client’s business so that our advice can be most relevant and effective. My greatest successes as a lawyer are those occasions when clients have achieved an outcome that has relieved them of a burden of one form or another. It is gratifying to know that you’ve helped a client conclude a matter successfully.
How do you maintain successful client relationships?
Communication. Like any business, our clients are very important to us. We strive to keep clients informed as to the progress of their matters. The most successful client relationship is one in which a client gets to know our firm so that they are comfortable working with their original contact in the firm as well as colleagues in other disciplines. We have a great team of lawyers who are committed to each other and committed to the notion that we deliver our best advice by working collaboratively to guide and assist our clients who face legal challenges.
You serve on several boards of not-for-profit organizations. Why is being involved in the community so important at Farrell Fritz?
I think community service is in the DNA of Farrell Fritz. Many of our lawyers spend time volunteering on not-for-profit boards or for not-for-profit organizations. Giving back to the community is something that we all feel is an important part of our mission, and we are lucky to be able to do it. Our community has been very good to us, and it’s our opportunity to give back.