Friday, Eldredge & Clark, LLP

J Shepherd Russell III

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Practice Areas

J. Shepherd Russell III is a partner in the firm's Public Finance Practice Group where he has practiced exclusively since 1978. His practice encompasses bond and other debt offerings issued by or on behalf of the various public instrumentalities in Arkansas and elsewhere. Shep’s work is focused on the financing of public and nonprofit projects throughout Arkansas, including bonds sold by underwriters, bonds placed with governmental agencies and local banks, bonds sold at public sale, bonds rated by national rating agencies and insured bonds. The bond issues have been structured as new money issues, refunding (advance and current) issues, and a combination of new money and refunding. He has served as bond counsel, underwriter’s counsel, and trustee’s counsel in these transactions. In these capacities, he has prepared rate, election, and bond ordinances, trust indentures, resolutions, continuing disclosure statements, opinions, arbitrage certificates, official statements, escrow agreements and closing papers.

Professional Memberships

Arkansas and Pulaski County Bar Associations; National Association of Bond Lawyers.


Shep is a former managing partner in the firm.


University of North Carolina, Chapel Hill


1975 - 1971

University of Arkansas, Fayetteville, Leflar Law Center


1978 - 1975