Jim Barolak has more than 25 years of experience as a financial consultant, manager and engineer, including more than 15 years of experience as a litigation damages consultant and expert witness. He has advised corporate management and legal counsel in due diligence, troubled projects and complex litigation, in a wide variety of industries.
Much of Jim’s professional career has focused on intellectual property matters. He has calculated lost profits, reasonable royalties and price erosion in disputes involving patents, trade secrets, trademarks and copyrights. He has also valued intellectual property assets for licensing and other transactions.
Jim has analyzed damages in complex commercial litigation arising from breach of contract, construction claims, business interruption, insurance fraud, professional malpractice, debtor/creditor relations and other disputed matters.
Jim began his career as a petroleum engineer for a major oil and gas company, where he developed solid engineering problem-solving skills. Jim has also worked as a credit recovery officer and loan workout specialist for a large national bank, where he applied his problem-solving skills and expertise in finance, accounting, and management to resolve troubled loans and maximize loan recoveries.
Turn to Jim
Q: Can you give an example of StoneTurn’s lean and efficient approach?
I can never remember the titles of my StoneTurn colleagues—I forget if my teammates are Consultants, Senior Consultants, Managers or Managing Directors—because titles don’t matter when everyone is working collaboratively to achieve the same objective. This lean and efficient approach, where small, collaborative teams bring laser-like focus to the most important client issues, is rooted in respect and commitment by each team member, for each team member. These two words, respect and commitment, enable StoneTurn’s lean and efficient approach in which each team member—from the youngest consultant to the most senior Partner—is fully vested in the collective success of the team.
Q: What do you believe sets StoneTurn apart?
While publicly-traded companies are compelled to focus on shareholder value, and most private partnerships are managed to maximize partner profits, StoneTurn is distinctly different—we place a higher value on client relationships and the day-to-day work environment than on the bottom line. StoneTurn was founded over a decade ago upon a visionary mission to build a sustainable, “smart, but fun” company, where clients and employees collaborate to achieve unparalleled success, satisfaction and enrichment, both professionally and personally. Whereas our competitors generally seek to maximize profits, StoneTurn maximizes success—success measured not solely by financial returns, but, more importantly, by the growth and satisfaction of our clients and employees alike.
Q: Why is the culture at StoneTurn so important to you?
Culture defines who we are and why StoneTurn exists as a firm. I need to be intellectually and professionally challenged with interesting and demanding work. At StoneTurn, everyone works incredibly hard—for our clients and in support of one another. But that’s not to say that hard work cannot be fun. I simply do not believe that “work is work” and “fun is fun” — with the right work environment (i.e., StoneTurn’s “smart, but fun” culture) work is fun! In my 30-year career, I’ve never experienced another company that comes close to matching the amazing comradery I feel every day working with my close family of StoneTurn colleagues and clients.