Steven B. King

Senior Counsel
Tel 215.864.8604
Fax 215.864.8999

Steven B. King is the former Practice Leader of Ballard Spahr's Investment Management Group, and former Co-Practice Leader of the firm's Mergers and Acquisitions/Private Equity Group. He regularly counsels and represents clients with respect to private equity funds, venture capital funds, and other similar projects. His merger, acquisition, and securities clients have included Fortune 500 companies, as well as small companies and individual entrepreneurs for whom he handles public and private business acquisitions, public offerings (including IPOs), and private placements of securities.

Steve also represents underwriters in public and private offerings and broker-dealers in enforcement-related issues. In addition, he has advised large mutual fund complexes, business development companies, hedge funds, and underwriters of specialized unit investment trusts.

Steve has extensive experience in representing committees of independent directors of public companies in the context of affiliate transactions, as well as representing independent directors of investment companies. In these roles, Steve has counseled independent directors regarding their fiduciary and other duties, helped negotiate changes to certain proposed transactions that improved the prospects for approval of the transactions under the appropriate fairness tests, conducted and documented necessary interviews, and assisted the committees in engaging valuation, accounting, investment banking, and other experts to assist them in their work, where necessary.

As a result of a three-year period in which he served as Chairman of the Board of a New York Stock Exchange-listed company engaged in career training and vocational education, Steve has a deep understanding of federal and state post-secondary education law and he still devotes a portion of his practice to representing educational institutions in connection with their administrative and regulatory requirements and with purchases and sales of for-profit educational business and institutions.

Steve also has experience in media industries (where he has represented an independent film production company, individual authors, and a privately held group of newsstand magazine publishing, printing, and distributing companies) and food production businesses (where he represented an independent specialty meat production company).

Professional Activities

American Bar Association

Philadelphia Bar Association

Recognition & Accomplishments

The Best Lawyers in America, private funds/hedge funds law, 2007-2021


"Recent Securities and Exchange Commission Cease and Desist Order May Portend Increasing Regulatory Scrutiny with Respect to Fair Valuation Practices," The Investment Lawyer, Vol. 14, No. 10, October 2007

Speaking Engagements

Speaker, "Investment Management: What You Need To Know," Philadelphia Not-for-Profit, Higher Education and Health Care Breakfast Seminar Series, Radnor, PA, February 24, 2017

Panelist, "Trading and Valuation Issues and the Impact of Complex Investments on a Fund's Compliance Program," Investment Company Institute

Community Activities

Haddonfield Friends School, former Trustee

Moorestown Friends School, former Trustee

Haddonfield Friends of the Library, former Trustee and President

Yale Alumni Schools Committee (Southern New Jersey), former Chair

Harvard Law School (J.D. 1974, cum laude)

Yale University (B.A. 1971, cum laude)


New Jersey