Why I Became a CLP
Part 1-"The First CLP Attorney"
Joseph Bonanno, CLP
Jim Coston, CLP
Barry Marks, CLP
This is the eighth in a series about the Certified Lease Professional program, explaining why individuals decided to become a CLP, the process, and their reaction to the knowledge and other benefits gained.
Since there are only three attorneys who are Certified Lease Profession, this will be in three parts.
Barry Marks, CLP
"The First CLP Attorney"
Barry S. Marks, Esq. is on the Editorial Boards of the Journal of Equipment Lease Financing and Leaders Equipment Leasing Newsletter and authored Power Tools for Successful Leasing and chapters in two major legal treatises. He is past counsel to the National Association of Equipment Leasing Brokers and active in other leasing associations. In 1999, Mr. Marks became the first lawyer certified as a Certified Lease Professional and he serves on the Board of Trustees of the CLP Foundation. Mr. Marks counsels clients nationwide regarding leasing, lending, tax and other business matters and is admitted to practice in Alabama, Georgia and Florida. He is an attorney with Berkowitz, Lefkovits, Isom and Kusher, a Professional Corporation
"One of the things that makes for a good lawyer is a healthy dose of insecurity, even paranoia. Many of us are constantly wondering what someone else might know that we don't, and should.
"I suppose that it was that concern that led me to becoming a CLP. For years I was afraid that, while I advised lessors, lessees and lenders on leasing issues, I really did not KNOW leasing. There seemed to be an arcane other world of implicit rates, running rates, residual assumptions, money-over-money-dollar-out-first-amendment-middle-market-mumbo-jumbo jargon that left me nodding and guessing.
"Justice Brandeis said that "a lawyer who has not studied sociology is a public menace"; a leasing lawyer who does not understand the economics and business of leasing is no less so.
"With that in mind, I took a stab at the CLP program, I don't know if I was the first, or second (Jim Coston is much older than I, of course), lawyer who took the plunge, but I can say that I am proud and glad that I did.
"The CLP program filled in the spaces that existed in my understanding of leasing and gave me both new insights into how leasing works (and why the law of leasing is what it is) and a new appreciation for my clients and the challenges they face. Not only can I communicate better, I can better craft legal solutions to real-world situations and avoid the fatal, deal-threatening gap between what I do and what my clients need.
"I am honored to be a member of the fraternity/sorority of Certified Leasing Professionals and I recommend it to all who are eligible, lawyers included. Besides, the pin is cool-looking."