Funk & Bolton

What Funk & Bolton does

Funk & Bolton, P.A. is a Mid-Atlantic boutique law firm founded in 1996 by David M. Funk and Bryan D. Bolton, headquartered in Baltimore, Maryland with a second office in Annapolis positioned for proximity to the Maryland General Assembly. The firm employs 21 professionals organized around six practice areas: Insurance Regulation & Business, Litigation, Government Relations, Public Affairs, Public Finance (serving as bond counsel to 45 of Maryland's 158 municipalities and 7 of its 23 counties), and Creditors' Rights & Financial Transactions. Its clients span insurers, health maintenance organizations, financial services lenders, local governments, trade associations, and corporate entities with regulatory and legislative needs in Maryland, DC, Virginia, and Pennsylvania.

The firm generates revenue through professional services billing—hourly fees, retainers, and transaction-based fees—across its six practice areas, with no publicly disclosed pricing. Its go-to-market is sales-led and relationship-driven, anchored by long-tenured client engagements, former government officials on staff (including a former Maryland Assistant Attorney General who heads the Insurance Regulation practice), and structural assets such as the League of Life & Health Insurers of Maryland trade association, which the firm founded in 1989 and continues to staff and represent. Certifications include WBENC (women-owned business enterprise) and Martindale-Hubbell's Bar Register of Preeminent Lawyers.

Funk & Bolton is a privately held Professional Association under Maryland law with no parent company, subsidiaries, external investors, or funding rounds. The firm has expanded its Public Affairs and Government Relations practices materially between 2023 and 2025 through multiple senior hires from Maryland state government and journalism, signaling a strategic buildout toward an integrated legal-and-government-affairs platform. Co-founder David M. Funk passed away in June 2025; Bryan Bolton continues as Principal Shareholder and Ren Tundermann (Managing Shareholder since 2018) leads day-to-day operations.

Name

Funk & Bolton

Legal name

Funk & Bolton, P.A.

Website

https://fblaw.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Funk & Bolton, P.A. is a Baltimore-based boutique law firm serving insurers, financial services lenders, Maryland municipalities, trade associations, and corporate clients across the Mid-Atlantic through six practice areas including insurance regulation, litigation, government relations, public affairs, public finance, and creditors' rights.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110), Management Consulting Services (54161)

SIC

Services-Legal Services (8111), Services-Management Consulting Services (8742)

akta.pro primary industry

Family & Private Client (Trusts & Estates) Law (BPAHAAAK)

akta.pro secondary industries

Public Sector & Policy Consulting (BPAHACAN), Policy, Regulatory & Public Affairs Research (BPAHALAF)

Keywords

• Insurance regulatory law
• Government relations advocacy
• Municipal bond counsel
• Creditors rights representation
• Commercial litigation services

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Legal Services: Professional legal services billed through hourly fees, retainers, and transaction-based fees for specific legal matters across insurance regulation, litigation, government relations, public affairs, public finance, and creditors' rights practice areas

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Funk & Bolton is a boutique law firm providing specialized legal services across six practice areas: insurance regulation and business transactions, complex commercial litigation, government relations and legislative advocacy, public affairs and campaign management, public finance and municipal bond counsel, and creditors' rights and financial transactions. The firm serves insurance companies, financial institutions, local governments, trade associations, and advocacy groups primarily in Maryland and the broader Mid-Atlantic region, with a coordinated team approach delivered by attorneys and non-attorney professionals.

Product overview

Funk & Bolton is a boutique law firm providing specialized legal services through six distinct practice areas: Insurance Regulation & Business, Litigation, Government Relations, Public Affairs, Public Finance, and Creditors' Rights & Financial Transactions. The firm serves clients in the insurance, financial services, local government, and regulatory sectors primarily in Maryland, with additional reach into Virginia, Pennsylvania, and the District of Columbia. Rather than a unified software product, the firm offers practice-specific legal expertise delivered by a coordinated team of attorneys and non-attorney professionals who work together across practice groups to address complex client needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Regulation & Business Legal services representing insurers, health maintenance organizations, managed care organizations, dental plan organizations, nonprofit health service plans, producers, and reinsurers before the Maryland Insurance Administration and other state insurance departments. Covers formation, licensure, form and rate approval, operational issues, examinations, investments, governance, mergers, acquisitions, and reinsurance transactions. Serves insurance companies, HMOs, managed care entities, dental and vision plans, third party administrators, and other regulated entities.
• Litigation Complex commercial litigation services representing insurers, self-funded benefit plans, financial services industries, automotive and real estate industries in federal and state court, regulatory proceedings, and arbitration matters. Covers business torts, contract disputes, employment disputes, ERISA actions, fiduciary advice, and administrative claims before insurance regulators.
• Government Relations Legislative advocacy and representation before the Maryland General Assembly, state agencies, and regulatory bodies for businesses, trade associations, nonprofits, coalitions, and advocacy groups. Includes regulatory advocacy, coalition building, policy development, and year-round monitoring of legislative and regulatory matters affecting clients.
• Public Affairs Full-service campaign, communications, and advocacy efforts including politics, policy, media campaigns, coalition building, and strategic messaging for candidates and issue campaigns. Includes public affairs campaign management, stakeholder engagement, and policy communications.
• Public Finance Bond counsel and issuer's counsel services for public purpose financings, tax increment financings, special taxing district financings, and conduit revenue bond issues for Maryland local governments including municipalities, counties, and sanitary districts. Includes bond anticipation notes, continuing disclosure filings, and representation of borrowers in various loan programs.
• Creditors' Rights & Financial Transactions Legal representation protecting financial services companies' rights including banks, finance companies, insurance companies, and lenders, as well as assistance with documentation and closing of commercial loan transactions in Maryland, Pennsylvania, Virginia, and D.C. Covers workouts, bankruptcies, foreclosures, and litigation on behalf of creditors.

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• League of Life & Health Insurers of Maryland (The League)coreStrategic or Co-development PartnerFunk & Bolton helped form the League of Life and Health Insurers of Maryland, Inc. in 1989 to serve life and health insurers in Maryland with legislative and regulatory needs. The firm staffs and represents this trade association, which provides year-round monitoring and advocacy of legislative and regulatory matters affecting insurers doing business in Maryland.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Venable LLP: Baltimore-headquartered full-service firm with deep regulatory, government, and public affairs practices. Larger, broader incumbent serving many of the same institutional and government clients.
• Miles & Stockbridge (Baker Donelson): Maryland-rooted firm (now part of Baker Donelson) with overlapping insurance regulatory, government, and litigation practices. Comparable mid-Atlantic platform after merger.
• McGuireWoods LLP: Virginia-headquartered firm with strong government, regulatory, and litigation practices across the Mid-Atlantic. Larger incumbent competing for similar public-sector and regulated-industry clients.
• Hogan Lovells US LLP: Global firm with major Baltimore office and federal-government, healthcare, and insurance regulatory practices. Competes for sophisticated Maryland and federal regulatory work.
• DLA Piper LLP: Global firm with substantial Baltimore and DC presence and government-affairs, insurance, and public-sector practices. Competes for the same institutional clients with broader international platform.

Direct peers

• Saul Ewing LLP: Mid-Atlantic firm with strong insurance, government relations, and creditors' rights practices. Direct comparable serving institutional clients across Maryland, DC, Virginia, and Pennsylvania.
• Whiteford Taylor & Preston LLP: Mid-Atlantic law firm with offices in Baltimore, Washington, and across the region offering insurance, government relations, public finance, and litigation practices. Highly comparable in practice mix and Mid-Atlantic geographic focus.
• Gordon Feinblatt LLC: Baltimore-based mid-size boutique with comparable practices in insurance regulation, banking/creditors' rights, public finance, and government relations. Closest direct competitor by geography, size band, and practice mix.

Regional players

• Manis Canning & Associates: Annapolis-based government relations and lobbying firm. Direct comparable on Maryland legislative advocacy work though narrower in practice scope than Funk & Bolton's full-service model.
• Rifkin Weiner Livingston LLC: Maryland/DC-based lobbying and government relations firm. Direct comparable on the government relations and public affairs practice lines though not a full law firm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Funk & Bolton