Paul B. Benham III has developed a rich and deep practice over the course of his career.  After having clerked for The Honorable Carleton Harris, Chief Justice of the Arkansas Supreme Court, he undertook a corporate finance practice, eventually including securities and mergers and acquisitions work. He is listed in Chambers and Partners USA for Corporate and Commercial work, and is particularly regarded for his handling of financial matters for banks and secured lenders.  The Best Lawyers in America lists Paul for a number of areas:  Corporate Finance; Mergers and Acquisitions; and Securities. Chambers is known for the rigor of its research, and about Paul, they wrote, "Paul Benham is a major presence at the firm and he handles finance matters for a number of banks and secured lenders."

His finance practice has involved initial, primary and secondary public offerings of equity and debt securities and of hybrid securities such as junior subordinated deferrable interest debentures, collateralized pollution control revenue bonds, subordinated trust preferred securities, and leveraged and synthetic leases.  He has also represented both lenders and borrowers in sophisticated, non-traditional, project financings.  He represented the Arkansas State Highway Commission in the Arkansas GARVEE Bond Program, a unique combination of federal and state funds more than $650 million for interstate highway repair and resurfacing.

Arkansas-based Fortune 500 companies as well as the Arkansas banking industry call on Paul for government regulatory counsel, guidance and representation.  In these matters, he has advised companies such as Dillard's, Entergy Arkansas, Regions Bank, and Union Pacific Railroad Company.

• University of Arkansas School of Law,  J.D., 1971; Associate Editor, Arkansas Law Review, 1969-1970
• Vanderbilt University, B.A., 1968

• Paul is listed in Chambers and Partners USA: America's Leading Lawyers for Business for Corporate and Commercial work, and is particularly regarded for his handling of financial matters for banks and secured lenders.
• Best Lawyers in America lists Paul for a number of areas: Corporate Finance; Mergers and Acquisitions; and Securities.
• He has been selected by attorney peers for inclusion since 2006 in Mid-South Super Lawyers, Securities & Corporate Finance; Banking; and Utilities.

• Dillard's, Inc.
• Entergy Arkansas, Inc.
• Entergy Corporation
• Regions Financial Corporation
• Union Pacific Railroad Company

• Represented a diversified natural gas energy company before the Arkansas Public Services Commission with respect to the sale of its distribution subsidiary.
• Engaged by an exempt wholesale electricity generator with respect to the proposed sale of its Arkansas generating facilities.
• Represented Union Pacific Railroad Company with respect to real estate and regulatory issues relation to its construction of its multi-million dollar intermodal facility in Eastern Arkansas.
• Served as counsel to the Arkansas Bankers Association in drafting a proposed constitutional usury amendment and federal preemption provisions for non-bank lenders.

• American Bar Association, Public Utility Law Section
• Arkansas Bar Association, Business Law Section; Chairman 1995 – 1996
• Arkansas Bar Association, State and Federal Securities Law Committee
• Pulaski County Bar Association
• CARTI (Central Arkansas Radiation Therapy Institute) Foundation Board

• Phi Alpha Delta

• Arkansas, 1971
• The United States Supreme Court
• United States Court of Appeals for the Eighth Circuit
• United States District Courts for the Eastern and Districts of Arkansas