Philip Chapman

Of-Counsel at
Lum, Drasco & Positan, LLC

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  • Lum, Drasco & Positan, LLC

Admitted Jurisdictions

New Jersey

Practice Areas


Philip L. Chapman concentrates in counseling family owned and other closely held businesses in all aspects of business, corporate and real estate law. This includes forming, buying and selling businesses, shareholders and limited liability company members agreements, non-competition agreements, buying, selling and leasing all forms of real estate and real estate auctions. For many years he has been listed in Best Lawyers in America as one of the best corporate lawyers in the State of New Jersey.  Mr. Chapman has been named as a New Jersey Super Lawyer for 2005 through 2011. Considered among the best in their profession, Super Lawyers represents the top 5% of the practicing attorneys in New Jersey. The New Jersey Super Lawyers were selected by their peers in an extensive nomination and polling process conducted by Law & Politics and published in a special advertising section in the May 2005 issues of the New Jersey Monthly and New Jersey Super Lawyers magazine.

Mr. Chapman was one of the three-person committee that authorized the New Jersey Nonprofit Corporation Act, which became law in 1983. He has been a member of the Board of Trustees of the Corporate and Business Law Section of the New Jersey State Bar Association since 1979. Mr. Chapman lectures frequently for the New Jersey Institute of Continuing Legal Education (ICLE) and other educational forums on such subjects as such subjects as forming new business entities, buying and selling a business, buying a franchise, second stage financing of closely held Businesses, shareholder and limited company agreements, family businesses, post-employment non-competition agreements, commercial leasing and real estate auction law. He has also lectured to the commercial/industrial real estate brokers on aspects of commercial and industrial leasing. Mr. Chapman has authored articles for various publications, his most recent articles being Safeguarding the Buyer's Post-Closing Claims for Indemnification in the December 2002 issue of The New Jersey Lawyer, and Preparing Your Business for Financing in April 2003 issue of the national publication of Renaissance Executive Forums.

Practice Areas

Jurisdictions Admitted to Practice

  • New Jersey

1 Course by Philip Chapman

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