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Jack Stephenson Jr
refer this attorney

Jack P. Stephenson, Jr.

PH: (205) 458-5201
Fax: (205) 244-5708
Email: Jack
PH: (205) 458-5342
Legal Secretary
Susan Turner ()
PH: (205) 458-5164

Jack has almost 40 years of experience in representing both publicly held and privately held businesses in financing and acquisition transactions.  He also assists these businesses in developing organizational and management structures that will enable them to address tax, compensation and succession goals and objectives. 

He has significant experience in representing public reporting companies and assisting them in complying with SEC reporting requirements and corporate governance requirements mandated by the SEC and stock exchanges. Jack practices in the Birmingham office with the Corporate and Tax Practice Group, of which he is a past chair. He is also a former chair of the firm's Business Section. He is experienced in the areas of securities and insurance regulation, corporate and partnership taxation, mergers and acquisitions, and real estate development and finance.  

Over the last 20 years, Jack has served as corporate counsel for ProAssurance Corporation and represented ProAssurance and its predecessor in its demutualization and initial public offering as well as the acquisition of insurance companies domiciled in 10 states.  He has also represented several nursing home companies in their expansion through acquisitions of nursing homes and ancillary businesses and has d...

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  • During last 15 years represented three unrelated nursing home companies in reorganization of business structure for multiple nursing homes to facilitate financing and succession, numerous acquisitions of individual nursing homes in several states, bank and HUD financing for nursing homes.
  • Represented ProAssurance Corporation as lead corporate counsel in the following transactions: 2012 – Acquisition of Medmarc Mutual Insurance Company in cash sponsored demutualization of Vermont insurance company 2012 – Acquisition of Independent Nevada Doctors Insurance Exchange in cash sponsored conversion of Nevada reciprocal insurance exchange 2010 - Acquisition of American Physicians Service Group, a publicly held Texas insurance holding company 2009 - Acquisition of Podiatry Insurance Company of America in cash sponsored demutualization of Illinois mutual insurer 2006 – Acquisition of Physicians Insurance Company of Wisconsin in stock merger of Wisconsin insurance company 2006 – Sale of MEEMIC Holdings, Inc, a Michigan insurance holding company in cash transaction 2005 – Acquisition of NCRIC Group, Inc. in stock merger of D.C. publicly held insurance holding company 2004 – Sale of $45 million Trust Preferred securities in private placement 2004 – Going private merger of MEEMIC Holdings 2003 – Sale of $107 million Convertible Debentures in private placement 2002 – Follow on public offering of $40 million common stock 2001 – Formation of ProAssurance upon consolidation of Medical Assurance, Inc and Professionals Group, Inc
  • Represented local real estate developer in 2004-2007 in acquisition of almost 8000 acres of unimproved land for development, structured acquisition financing through approximately $45 million private placement of limited partnership interests, infrastructure financing through public and private issuance of Improvement District Bonds, reorganized limited partnerships to facilitate restructure of approximately $50 million debt financing following the 2008-2009 recession


  • “He’s really a very, very good securities lawyer…"

    -Chambers 2012

  • "...He is very good.”

    -Chambers 2012