Mark Raymond Meant to Go Into Tax Law, But He Caught the Litigation Bug
Raymond has represented clients ranging from high-profile corporations like Carnival Cruise Line to individuals like the New York nun whose money he recovered after she lost it because of a broker's poor investment decisions.
December 01, 2017 at 10:52 AM
13 minute read
J. Albert Diaz
Mark F. Raymond didn't set out to be a litigator.
Yet he has won cases and either won or saved millions of dollars for clients ranging from a New York nun to corporate giants like Carnival Cruise Line and Belgium-based accounting And advisory giant BDO International.
As a University of Miami law student, Raymond was pursuing a path to become a trusts, estates and taxation lawyer with plans to to join the family business.
“But I got the litigation bug,” he said.
It was an elective class with soon-to-be-famous Miami attorney Roy Black that prompted Raymond to switch course. Black went on to represent celebrity clients in high-profile cases, including Justin Bieber after a Miami Beach arrest, the rape acquittal of William Kennedy Smith and the dismissal of doctor-shopping charges against Rush Limbaugh.
Raymond worked on a mock trial as part of the class and in the scenario represented a client who to Raymond definitely appeared guilty of a heinous crime. His classmates were on the jury.
“I do remember going, 'Wow, how am I going to convince (the jury) what appeared to me was a guilty party wasn't guilty?' ” Raymond asked.
The trial, albeit a mock one, was a change for Raymond after the work he had done in his father's law firm.
“ I had been exposed to tax law pretty much my whole life, having worked in my father's law firm first in the copy room and then doing filing and other things in my teen years,” Raymond recalled. “I hadn't had any experience in the courtroom, and we had to prepare oral arguments, and we had to persuade our classmates who sat as jurors, and I found it very intellectually challenging and engaging to have to convince others of your position, even if you might not have believed it at the time.”
COMPLEX LITIGATION
Raymond's career path was sealed. He is now the Miami managing partner of Broad and Cassel, specializing in complex commercial litigation.
He has netted notable victories for his clients.
In 2007, he successfully defended BDO International in an accounting malpractice lawsuit, saving it from a potential $521 million in compensatory and punitive damages. Miami-Dade Circuit Judge John Schlesinger struck a $351 million punitive damages award, and a jury decided BDO International wasn't liable for $170 million in compensatory damages.
His first trial was in 1986 when he obtained a $71 million jury verdict for the receiver for ESM Government Securities Inc., a collapsed Fort Lauderdale-based government securities dealer, in a case against an accounting firm.
Raymond took on more than 25 percent of the witnesses and, while questioning one of the main witnesses, he posed a question he had not planned to ask.
“But something told me he was finally going to admit that he had made a mistake,” Raymond said. And he asked.
“I said to him, 'Sitting here today, having reviewed all the evidence, would you admit you made a mistake? And he said, 'Yes.' ” Raymond said, clarifying the mistake had to do with improperly accounting for a transaction.
It hasn't been all corporate clients either. Raymond has represented individuals including victims of fraud.
“ I enjoyed representing people who had been defrauded and helping them recover oftentimes their life savings where they had been cheated out of, frankly, out of their retirement,” he said. “I got a good deal of pleasure to be able to recover money for them that they had viewed as gone forever.”
NUN'S MONEY
One of his clients was a Catholic school principal in Brooklyn who settled with the New York City transportation department after being hit by a public bus. The nun trusted the money with a broker to use the proceeds for school supplies, Raymond said. But the broker invested in highly speculative, high-commission trades and lost about 80 percent of her money.
“I was able to recover all of her money,” Raymond said, adding she would sometimes call him after the case. ”Typically, it would be when she would withdraw a nice sum out of her account to buy some supplies or do something special for the kids at school, and she would think of me. … It was always very gratifying because here she was helping others and by my helping her she was able to continue to help others.”
His strategy as a litigator also has evolved. He used to pushed for trials, thinking settlements were a sign of weakness.
“I would work my cases up and just pound, pound, pound and would never raise the prospect of settlement,” Raymond said. But his thinking has evolved.
“It's in your client's best interest to settle. They are not in the business of litigating. Rarely does a client want to engage in litigation except when they don't have a choice,” Raymond said.
And after more than 30 years of lawyering, Raymond has some advice for young attorneys. Find a mentor.
“We have a … fine legal community down here with a lot of goodhearted people who would be more than willing to spend time providing young lawyers with thoughts, guidance and mentorship.”
Mark F. Raymond
Born: Detroit, 1958
Spouse: Arlys
Children: Brenton and Kolb
Education: University of Miami, J.D., 1983; Babson College, B.S.B.A., 1980
Experience: Broad and Cassel, 2005-present; Tew Cardenas, 1991-2005; Finley, Kumble, Wagner, Underberg, Manley, Myerson & Casey, 1983-1989
J.
Mark F. Raymond didn't set out to be a litigator.
Yet he has won cases and either won or saved millions of dollars for clients ranging from a
As a
“But I got the litigation bug,” he said.
It was an elective class with soon-to-be-famous Miami attorney Roy Black that prompted Raymond to switch course. Black went on to represent celebrity clients in high-profile cases, including Justin Bieber after a Miami Beach arrest, the rape acquittal of William Kennedy Smith and the dismissal of doctor-shopping charges against Rush Limbaugh.
Raymond worked on a mock trial as part of the class and in the scenario represented a client who to Raymond definitely appeared guilty of a heinous crime. His classmates were on the jury.
“I do remember going, 'Wow, how am I going to convince (the jury) what appeared to me was a guilty party wasn't guilty?' ” Raymond asked.
The trial, albeit a mock one, was a change for Raymond after the work he had done in his father's law firm.
“ I had been exposed to tax law pretty much my whole life, having worked in my father's law firm first in the copy room and then doing filing and other things in my teen years,” Raymond recalled. “I hadn't had any experience in the courtroom, and we had to prepare oral arguments, and we had to persuade our classmates who sat as jurors, and I found it very intellectually challenging and engaging to have to convince others of your position, even if you might not have believed it at the time.”
COMPLEX LITIGATION
Raymond's career path was sealed. He is now the Miami managing partner of
He has netted notable victories for his clients.
In 2007, he successfully defended
His first trial was in 1986 when he obtained a $71 million jury verdict for the receiver for ESM Government Securities Inc., a collapsed Fort Lauderdale-based government securities dealer, in a case against an accounting firm.
Raymond took on more than 25 percent of the witnesses and, while questioning one of the main witnesses, he posed a question he had not planned to ask.
“But something told me he was finally going to admit that he had made a mistake,” Raymond said. And he asked.
“I said to him, 'Sitting here today, having reviewed all the evidence, would you admit you made a mistake? And he said, 'Yes.' ” Raymond said, clarifying the mistake had to do with improperly accounting for a transaction.
It hasn't been all corporate clients either. Raymond has represented individuals including victims of fraud.
“ I enjoyed representing people who had been defrauded and helping them recover oftentimes their life savings where they had been cheated out of, frankly, out of their retirement,” he said. “I got a good deal of pleasure to be able to recover money for them that they had viewed as gone forever.”
NUN'S MONEY
One of his clients was a Catholic school principal in Brooklyn who settled with the
“I was able to recover all of her money,” Raymond said, adding she would sometimes call him after the case. ”Typically, it would be when she would withdraw a nice sum out of her account to buy some supplies or do something special for the kids at school, and she would think of me. … It was always very gratifying because here she was helping others and by my helping her she was able to continue to help others.”
His strategy as a litigator also has evolved. He used to pushed for trials, thinking settlements were a sign of weakness.
“I would work my cases up and just pound, pound, pound and would never raise the prospect of settlement,” Raymond said. But his thinking has evolved.
“It's in your client's best interest to settle. They are not in the business of litigating. Rarely does a client want to engage in litigation except when they don't have a choice,” Raymond said.
And after more than 30 years of lawyering, Raymond has some advice for young attorneys. Find a mentor.
“We have a … fine legal community down here with a lot of goodhearted people who would be more than willing to spend time providing young lawyers with thoughts, guidance and mentorship.”
Mark F. Raymond
Born: Detroit, 1958
Spouse: Arlys
Children: Brenton and Kolb
Education:
Experience:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllUS Bankruptcy Filings Rise 16.2% as Interest Rates, Inflation, and End of COVID Relief Hit Hard
3 minute readSubchapter V Bankruptcy Filings Plummeted After Congress Let Its Qualification Threshold Sunset
4 minute readTrending Stories
- 1Tom Girardi's Lawyers Want Next Month's Sentencing Delayed
- 2About the Awards: Florida Legal Awards 2025 Q&A with Regional Managing Editor Katie Hall
- 3Trump Nominates Ex-SEC Chief Jay Clayton to Helm Southern District of New York US Attorney's Office
- 4Steward Health CEO Saga Signals Escalation of Coercive Congressional Oversight Against Private Parties
- 5'They Should Have Tried to Negotiate': Jury Finds Against Insurer
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250