Steve Sumsion
Steve Sumsion possesses diverse business law experience spanning almost 30 years, encompassing international, corporate, litigation, and transactional work. Following his graduation from BYU's law school in 1986, Steve served as a clerk for a federal judge in Washington, D.C. He then held positions at IBM's legal department across various locations on the East Coast. Additionally, Steve has resided and worked in Asia for numerous years, representing clients in China and Taiwan, and demonstrating fluency in Mandarin Chinese. Steve holds licenses to practice in New York, Pennsylvania, and Utah, and has gained admission to practice before the United States Supreme Court. Beyond his professional pursuits, Steve can be found skiing the slopes of the Wasatch Mountains and enjoying quality time with his wife, Mindy, and their seven children and eight grandchildren.
Specialties
Steve's current focus is on applying lessons from litigation, arbitration and dispute resolution to avoiding the same through effective structuring and documenting of transactions (with a special interest in matters involving China).
Professional Accomplishments
Prevailed in last five jury/bench trials and last three appeals Corporate Counsel for over 20 financial transactions ranging from $10-150M. Negotiated and implemented $300M telecommunications’ services agreement Project Counsel on $8 million construction financing on 265-unit condominium project. $2M equity financing with Fannie Mae. $5M buyout of 200-unit housing project. $4.5M housing project in Salt Lake City. Obtained $1.3M settlement after a two-month jury trial. Defended $1.2M claim against guarantors to dismissal. Successfully defended $1.1M in real estate claims. Negotiated and drafted an agreement for a $26M multi-family housing project. Prepared and presented over $2M in claims. Listed in Utah’s Legal Elite.
Bar Admissions/ Education
Utah (UT); Pennsylvania (PA); New York (NY); US Supreme Court Bachelor of Science, Arizona State University; Juris Doctor, Brigham Young University