Stephen Kaplitt

Stephen Kaplitt


Kaplitt Legal Consulting
Phone: (202) 596-1180

Stephen Kaplitt is a small business attorney-consultant with an unusual blend of legal, operational, management and government skills. His 30 years of experience includes over $3 billion in corporate, finance and M&A transactions with New York law firms, and serving as General Counsel of both an SEC-registered investment adviser and a $350 million multinational Nasdaq company. He was one of the founding instructors with AltaClaro, the leading provider of online real-world training to new attorneys at leading law firms in the US and abroad.

As Senior Instructor, Stephen has developed and edited new course curricula and materials, and has taught nearly 200 live classes (with an aggregate student rating of 4.7/5) on a wide range of subjects, including the M&A deal process, merger agreements, stock purchase agreements, asset purchase agreements, NDAs, LOIs, due diligence and Reg D/Capital Markets, commercial real estate, credit agreements and secured transactions. He is also Of Counsel at Epstein Ostrove, LLC, one of New Jersey’s premier litigation firms, where he advises the firm’s transactional clients.

Prior to launching Kaplitt Legal Consulting in 2012, Stephen was Executive Vice President and General Counsel of Beacon Financial Corporation, an investment management and trust business with $1.3B in assets under management. In that role he also served as Chief Compliance Officer (CCO) of Beacon Global Asset Management, Inc., an SEC-registered investment adviser. As CCO, Stephen prepared Beacon’s comprehensive Form ADV under the expanded Investment Advisers Act rules, developed and implemented comprehensive new compliance procedures, and successfully managed an on-site SEC examination.

During the George W. Bush administration, Stephen was a Senior Advisor to the Assistant Secretary of State for Economic, Energy and Business Affairs at the U.S. Department of State. He designed and served as first Director of Economic Empowerment in Strategic Regions (EESR), a new State Department initiative to promote business development in regions where unemployment helps fuel conflict and extremism. As launch Director, Stephen secured critical buy-in from key constituents, inter-agency partners, the U.S. military and U.S. business schools, and generated over 50 business proposals from entrepreneurs in Afghanistan, Iraq, Pakistan, Kashmir and Mindanao. Stephen received two Superior Honor Awards from the State Department for his pioneering work on EESR, which received positive media coverage in various outlets, including The Washington Times, Real Clear Politics, Pakistan News, Cornell Enterprise, Notre Dame Business and the Philippines News Agency.

Stephen’s previous assignment at the State Department was Senior Advisor to the General Counsel of the U.S. Agency for International Development (USAID). At USAID he advised senior management on key issues involving the Establishment Clause/First Amendment, terrorist financing, intelligence reform legislation and USAID’s implementation of the Millennium Challenge Corporation’s Threshold program. He was detailed to the State Department’s Director of U.S. Foreign Assistance for the first annual (FY08) foreign assistance budget review. In that role Stephen chaired ten country teams comprised of 200 staff from seven U.S. government agencies, and delivered on deadline each team’s proposed budget allocations and justifications. In December 2004 he was a USAID delegate to the OSCE Observer Mission for the Second Round Presidential Election in Kiev, Ukraine.

Before entering government, Stephen was Executive Vice President and General Counsel of Lumenis Ltd., a Nasdaq-listed multinational manufacturer of medical laser devices. He directed all legal affairs, including litigation and settlement strategies, Exchange Act filings, Sarbanes-Oxley compliance, and negotiations with lenders, customers, vendors, joint venture partners, distributors, patients, insurance carriers and competitors. He provided guidance to senior management on a significant range of issues, including sales terms, dispute resolution, litigation, risk management, employment, ethics, corporate governance, intellectual property, revenue recognition, real estate and corporate matters. He also worked with outside counsel to advise the CEO and Board of Directors on the Company’s response to an SEC investigation. As General Counsel, Stephen supervised or monitored outside counsel at 40 law firms in 80 countries, and managed a $10 million legal budget and eight reports in New York, California and Israel.

Highlights of his tenure at Lumenis include settlement or resolution of over 100 lawsuits against the Company seeking an aggregate of $150 million in damages, for average claim payouts of 15%; negotiation and drafting of more than 25 complex, multi-party and cross-border transactions with an aggregate value of $500 million; dismissal of a “quasi class action” group of 50 product efficacy lawsuits; resolution of a key dispute with the Company’s D&O insurance carrier relating to the defense of multiple class action shareholder lawsuits; settlement of a complex multi-party/multi-jurisdiction patent infringement lawsuit and negotiation of a global license/distribution agreement with an established competitor; settlement of patent infringement, trade secret and non-competition lawsuits with a new off-shoot competitor; and reduction of outside counsel fees by 20% through category-based billing and volume incentives.

Prior to Lumenis, Stephen was a senior associate at Becker, Glynn, Melamed & Muffly LLP in New York. While there he was seconded for two years to a firm client, the International Finance Corporation in Washington, DC. At IFC he assisted with structuring and negotiating various equity, finance, debt workout and pre-securitization transactions in South Korea, Thailand, Estonia, the Philippines, Slovakia, Lithuania, South Africa, Nigeria, Egypt and Kazakhstan.

He began his career as a corporate associate at Weil, Gotshal & Manges LLP and Cadwalader, Wickersham & Taft LLP, both in New York.

Stephen received his JD cum laude from the Georgetown University Law Center, and his AB in Government with High Honors from Dartmouth College.