Richard Simon, who has practiced law for over 30 years is a Shareholder, Co-Chair of the Firm’s Banking and Financial Services Practice Group, and Partner in Charge of the Firm’s New York Office. Richard has extensive experience in, all aspects of commercial lending, including commercial and industrial, both bilateral and syndicated, asset-based lending, factoring, trade, purchase order, supply chain and other alternative financing, finance litigation, and commercial transactions. Throughout his career he has acted as outside general counsel, advising clients on a myriad of issues confronting midsize to large businesses on a daily basis, including business structure, planning, finance, corporate governance, cybersecurity and privacy issues.

Richard, who first became a partner in 2000, also spent ten years as a principal and general counsel to a factoring and trade finance company with an emphasis on asset-based lending, factoring, purchase order funding, and documentary letters of credit. During this time, he was responsible for all legal affairs, including purchase order funding, letter of credit operations and oversight corporate compliance.

Richard established the firm’s commercial banking finance practice which currently represents banks and non-bank institutional lenders, factors and borrowers in both loan negotiation, documentation and restructuring transactions.

On an ongoing basis, Richard’s eclectic background has helped clients efficiently and cost effectively successfully complete difficult transactions.

Richard is rated AV Preeminent by Martindale Hubbell, the highest level of peer rated professional excellence.

*No aspect of this advertisement has been approved by the Supreme Court of New Jersey or the American Bar Association. A description of the standard or methodology used by Martindale-Hubbell can be found here.

  • Commercial Finance Association
  • Association of Commercial Finance Attorneys
  • International Factoring Association – Member of Bd. of NE Chapter
  • Turnaround Management Association
  • American Bar Association
  • New Jersey State Bar Association

Richard has had numerous speaking engagements of note, including:

  • NYIC/IFA Northeast Joint Program & Luncheon, February 2015 -2019;
  • IFA/NYIC Joint Factoring Program in New York, March 2015-2019;
  • IFA Legal Panel, Miami, FL 2016;
  • NYIC Shark Tank Workshop, New York 2016;
  • NYIC, IFA Northeast, DeBanked & AFBA 2018 Lending Conference, New York, October 2018.

  • State of New Jersey
  • State of New York

  • Seton Hall University, J.D., cum laude, 1974
  • Law Secretary to the Honorable Geoffrey Gaulkin, J.S.C., 1974-1975
  • Syracuse University, B.A., 1971

Richard Simon Secures $9MM Credit Facility for NY Food Manufacturer, Highlighted by ABF Journal

March 6, 2024

Asset-based lending is an industry built on making deals, and last month the ABF Journal announced its list of most intriguing and impactful transactions of the past year. One of those deals was the $9MM Credit Facility to a NY-based food products manufacturer and distributor by Rosenthal & Rosenthal with Robert Schnitzer managing the transaction.  […]

Mandelbaum Barrett PC Victorious In Motion To Transfer Venue

March 1, 2024

Mandelbaum Barrett PC currently represents the DIP Lender in a bankruptcy case in Washington DC.  The DIP Lender called a default after uncovering evidence that insiders of the DC-based debtor fraudulently overstated invoices and diverted contracts, employees, and assets to a related company in Virginia.  After Mandelbaum, on behalf of the DIP Lender, sought injunctive […]

Richard Simon Contributed To USA Legal Compendium For The Factoring Industry

November 9, 2020

Richard Simon contributed to the fifth edition of the USA Legal Compendium for the Factoring Industry, a legal resource compiled by the International Factoring Association with assistance from the country's leading commercial finance attorneys.

COVID-19: Options for New Jersey Small Businesses to Obtain Working Capital

March 22, 2020

March 22, 2020 By Richard I. Simon Economic Injury Disaster Loans and Proposed CARES Act Expand Options for Small Businesses to Obtain Working Capital Small Business Administration EIDLs In response to the global COVID-19 pandemic and the declared state of emergency in New Jersey, the U.S. Small Business Administration issued New Jersey Declaration 16349 on […]

Richard Simon Moderates SFNet Webinar on “KYC, CDD, CTA, and NYLTA – Beneficial Ownership Compliance and Due Diligence.”

January 22, 2024

On February 13, 2024, Richard I. Simon, Chair of Banking & Financial Services, will moderate a panel on "KYC, CDD, CTA, and NYLTA – Beneficial Ownership Compliance and Due Diligence.” Panelists include John DeFuria, David Viggiano, and Paul Schuldiner, discussing KYC requirements, the Corporate Transparency Act, and the consequences of non-compliance.

Banking & Financial Partners – Richard Simon, Jeffrey Rosenthal, and Vincent Roldan – Attend the Mann Charitable Foundation’s Annual Golf Outing

August 31, 2023

Partners of the Mandelbaum Barrett PC Banking & Financial Service Group, Richard Simon, Jeffrey Rosenthal, and Vincent Roldan attended the Mann Charitable Foundation’s Annual Golf Outing this month. The event took place at the beautiful Fresh Meadow Country Club in Lake Success, New York, offering a great day of golf, food, and networking. The golf […]

Don’t Miss Partner Richard Simon’s Webinar: Exploring Disclosure Laws for Business Professionals

June 16, 2023

Don’t miss out on the upcoming Northeast Chapter of International Factoring Association webinar featuring Mandelbaum Barrett PC Partner, Richard Simon. Richard will be sharing insights on disclosure laws in New York, New Jersey, and other jurisdictions. This webinar is a must-watch for all business professionals. Register here: Richard, serving as Co-Chair of the Firm’s […]

Richard Simon to Moderate Panel Discussion at the NYIC/IFA/IFA Northeast Joint Factoring Event

February 14, 2020

Richard Simon, Co-Chair of Mandelbaum Barrett PC's Banking and Financial Services Group, will be a Moderator at the NYIC/IFA/IFA Northeast Joint Factoring Event discussing legal updates and other hot topics. For more information and to register, click here.

Richard Simon Appointed to the Board of Directors of The Needlers Foundation

November 20, 2018

Congratulations to Richard Simon, Co-Chair of the Firm's Banking & Financial Services Group who was appointed to the Board of Directors of The Needlers Foundation. The Foundation is a not-for-profit philanthropic organization, which contributes exclusively to children's charities. Founded approximately 50 years ago by a group of garment center executives to benefit children in need, their primary goal is raising funds and bringing awareness to benefit pediatric neurosurgery and to help sick and underprivileged children. Members includes those in allied industries as well as lawyers, CPAs, bankers, doctors and health care professionals who have helped raise millions of dollars for children's charities. We are proud of Richard and know he will do great things for this amazing cause. To learn more about the organization visit

Richard Simon Will Speak at NYIC, IFA Northeast DeBanked & AFBA 2018 Lending Conference

August 27, 2018

Richard Simon, Co-Chair of the Firm's Banking and Financial Services Practice Group will be speaking at the NYIC, IFA Northeast, DeBanked & AFBA 2018 Lending Conference on October 16, 2018.

Richard Simon to Speak at International Factoring Association’s Annual Factoring Conference

April 7, 2016

Richard Simon, Esq., Chair of Banking and Finance Practice Area, has been asked to speak at the International Factoring Association’s 22nd Annual Factoring Conference. The Factoring Conference, which is to be held in Scottsdale, Arizona, from April 13 – April 16, 2016, features world class speakers