Mike Prame is seasoned trial attorney and counselor, with over two decades of experience representing clients in matters related to retirement and healthcare plans.

His clientele is largely based in three primary sectors.  First, he counsels businesses with underfunded defined benefit pension plans, particularly those plans under scrutiny by the PBGC.  Second, Mike advises actuarial, benefit/investment consulting and recordkeeping firms that provide services in connection with retirement and health plans.  Finally, he advocates for large and midsized businesses who have been targeted in DOL investigations or lawsuits regarding their executive deferred compensation plans or the investments in their retirement plans.

Mike is considered one of the “go to” lawyers nationally for exceptionally complex benefit cases.  If you ask him what is his most valuable skill, he will note his ability to distill complex topics down into simple, compelling concepts that non-lawyers and judges can easily understand.  Another important skill is his ability to foresee the hurdles in a case and to partner with his clients to overcome those potential obstacles.  A significant part of his practice involves finding regulatory, rather than courtroom, solutions to industry-wide issues.

Mike often leverages his accounting background and experience with actuarial principles to help his clients with defined benefit plans work through the legal and financial issues either being raised by the PBGC or by parties in the context of M&A activity.  This work often includes identifying proactive measures the client can take to address potential areas of concern.  In other matters involving the PBGC, it can involve a financial settlement or litigation.

If litigation does ensue, Michael is first and foremost a trial lawyer.  He teams with in-house counsel to distill and communicate what can be challenging legal issues in a way that is effective for senior leadership teams, and he leverages decades of experience to develop cost-effective defense strategies. Michael has a track record of trying cases to successful verdicts.

Michael served as Groom’s Managing Principal from 2016 through 2021, and is a former member of Groom’s Executive Committee and former chair of the Litigation practice group.

Honors & Distinctions
  • Listed, Chambers USA: America’s Leading Lawyers for Business, ERISA Litigation (2008-2021)
  • Listed, The Best Lawyers in America, Litigation – ERISA (2016-2023)
  • Lawyer of the Year, The Best Lawyers in America, Litigation – ERISA (2023)
  • Hall of Fame, The Legal 500 US, ERISA litigation (2008-2021)
  • Hall of Fame, The Legal 500 US, Employee benefits, executive compensation and retirement plans: design (2019)
  • Hall of Fame, The Legal 500 US, Employee benefits, executive compensation and retirement plans: transactional (2019)
  • Listed, Super Lawyers, Employee Benefits (2016-2021)

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