Stephen Paley, who co-founded the law firm of Paley Rothman in 1972, had more than 40 years of experience counseling and advising professional corporations, and representing businesses on corporate and tax planning matters. He devoted a large part of his practice to the representation of medical practices and worked extensively with health care organizations on their tax, corporate and regulatory needs. He was an accomplished and well-respected business and tax attorney who represented large and small organizations in a variety of areas.
Before establishing the firm, Steve spent four years litigating tax cases in the U.S. Courts of Appeals throughout the country for the Department of Justice’s Tax Division. He fashioned a formidable career as a lecturer, speaking on such subjects as qualified retirement plans, corporate reorganizations and tax planning for closely-held corporations. He was equally adept as an author, writing articles on sophisticated tax and business planning matters that appeared in numerous professional journals and consumer publications.
A Magna Cum Laude graduate and Phi Beta Kappa at Washington & Lee University, Steve received his J.D. With Honors from the Georgetown University Law Center, where he served on the prestigious Law Review. He was born in Washington, D.C. and lived for many years in Potomac, Md.’s horse country, where he pursued his passion for horses and fox hunting by participating in the Potomac Hunt and annual steeplechase races. After moving to Dickerson, Md., he bought, raised and raced thoroughbred horses.
Steve Paley was a man who knew people just as well as he did the law–and his compassion and concern for others was something that earned him the friendship and respect of colleagues and clients alike. He will always be remembered, both for his leadership and mentoring of young attorneys and the laugh-out-loud humor which he used to make everyone around him feel comfortable. It’s that rare combination of business acumen and interpersonal prowess that made him a one-of-a-kind who will be sorely missed by his colleagues, clients and friends.