Russell I. Shapiro
Partner and Transactional Department Chair
Corporate
Russell Shapiro is a member of the firm’s Corporate Group, an area in which he has practiced for his entire career, focusing in particular on mergers and acquisitions. Russell's industry insight and his clients' diverse business objectives have shown him that every transaction demands its own solutions. As a result, he is committed to listening to his clients, understanding their business, and designing transactions to meet their specific strategic goals. Russell’s more than three decades of successful practice in this area have allowed him to serve as an expert witness in merger disputes.
Russell's insight on tax and finance issues is deepened considerably by his status as a certified public accountant, giving him a nuanced understanding of his clients' needs and the ability to craft the most effective tax and finance strategies. Russell’s background has led him to develop especially deep experience representing accounting firms, where he regularly assists with partnership agreements, mergers and acquisitions, and the enforcement of restrictive covenants. He performs similar work for other professional services firms, including law firms, consulting firms and investment banks.
In the last several years, Russell has worked on a number of nationally recognized accounting firm mergers, including Marks Paneth and CBIZ; Berdon and Citrin Cooperman; Lurie and EisnerAmper; Baker Tilly and Henry+Horne; and Aprio and Aronson, and many others. Russell has compiled a list of resources for accounting firms here.
Russell also serves as outside general counsel to a variety of privately held companies that average between $20 million and $500 million in sales.
After serving more than a decade as the head of LP’s Corporate & Securities practice, Russell is now serving as Chair of the firm’s Transactional Practice Area.
Accounting Firm Resources:
- Cherry Bekaert's CEO Michelle Thompson Talks Private Equity in Accounting with LP's Russell Shapiro. Click here to listen.
- A Master Class in Leadership: A Conversation with Allan Koltin. Click here to listen.
- Supporting Firms: A Conversation with BDO Alliance USA Executive Director Michael Horwitz. Click here to listen.
- Leading and Growing a Firm: A Conversation with Aprio Managing Partner Richard Kopelman. Click here to listen.
- A Conversation with BDO USA LLP Chief Operating Officer Steve Ferrara. Click here to listen.
- A Conversation with Practice Management and M&A Expert Allan Koltin (2023). Click here to listen.
- A Conversation with Practice Management and M&A Expert Allan Koltin (2021). Click here to listen.
- Levenfeld Pearlstein knows accounting firms. Click here to view our collection of resources for accounting firms and the people who run them.
- Inside Public Accounting Newsletter All in Agreement: Best Practices for Keeping Partner Agreements Current and Relevant
Additional Information
Education & Admissions
Education
- University of Pennsylvania Law School, J.D.
- University of Illinois, B.S., with highest honors, Accounting
Bar Admissions
- Illinois
Memberships
- Spertus Institute Trustee, Executive Committee
- Chicago Bar Association - Corporation and Business Law Committee
- American Bar Association - Corporate Law Section
- Cara, Executive Council
Awards
- Named Among 100 Most Influential People in Accounting by Accounting Today, 2017-2018
- Leading Lawyer, Leading Lawyers Network
- Illinois Super Lawyer - 2005, 2006, 2007, 2010, 2011, 2012, 2013
- AV Rated - Martindale-Hubbell Peer Review
- Crain's Notable Leaders in Accounting, Consulting & Law 2024
Q&A
What was the best piece of advice you have ever received?
Life has setbacks - you have to keep moving forward.What is your favorite quote?
“The days are long, but the years are short.” I think about this in regards to my children and try to enjoy them even though some days are long.What is the most interesting part of your job?
When there is a new problem that I have not seen before and I have to figure it out.
Clients
- Russell works with Accounting firms, Middle Market Private Equity, family owned businesses, and more.
“What Russ does is, if a couple weeks go by and we don’t talk, he is always checking in. There is no legal reason. It is about the personal relationship. He asks how I’m doing, and I usually give him a business answer. He says, “That’s cool, but how are you outside the business?” He is good that way.”