Picture of Michael Ray Smith

Michael Ray Smith


Attorney Michael Ray Smith sometimes explains that he is in his third career.  His first career was as a chemical engineer with Eli Lilly and Company after graduating from Vanderbilt University.  From 1978 through 1993 (with two years out to get a master’s degree in chemical engineering from Purdue University), he worked in manufacturing and process development areas and as a department head of biochemical engineering.  He completed law school while he was working full time in those positions.

Mr. Smith's second career began when he finished law school in 1993 and joined Lilly's Law Division as in-house counsel, where his responsibilities included environmental law, securities, and commercial transactions.  While working as an attorney with Lilly’s commercial transactions group, he worked on a variety of strategic sourcing initiatives, joint ventures, and other transactions. He also developed a system for writing and maintaining contract templates for use by the company’s procurement professionals in areas as diverse as laboratory research, construction, advertising, and market research.

Mr. Smith began his third career in 2008 as a business lawyer in private practice, when he took advantage of Lilly’s early retirement program and opened a solo practice, Michael Smith Law Office, LLC, which is now the business law division of Smith Rayl Law Office, LLC.  He brings this extensive business law experience to his private practice, where he concentrates on providing personal service and practical advice to businessess, especially small businesses and their owners, and nonprofit organizations. In particular, Mr. Smith has an extensive practice in the area of limited liability companies.

Michael also has a passion for teaching.  While he was at Lilly, he developed and taught several training courses for Lilly personnel, including an extensive course in contract law for Lilly's procurement organization.  After he left Lilly, he spent a semester supervising law students in a externship program jointly conducted by CDLC and the Indiana University Robert H. McKinney School of Law, and for two years he also served as an Adjunct Professor at the same school, teaching Contract Drafting to second year law students.  He has also taught continuing legal education courses for the Indiana State Bar Association and the National Business Institute, mostly in contract law and limited liability companies.

Adjunct Professor, Indiana University Robert H. McKinney School of Law
Nonprofit Externship Program, 2009
Contract Drafting, 2010-12

Continuing Legal Education
Indiana State Bar Association, Solo/Small Firm Conference, 2016 
Minority Ownership in Closely Held Companies
National Business Institute, 2015
Single and Multi Member LLC Top Mistakes to Avoid
LLC State Law Update
Indiana State Bar Association, Solo/Small Firm Conference, 2015
Nuts and Bolts of Business Formation
Indiana State Bar Association Annual Meeting, 2015
Perspectives from Those Who Negotiate, Litigate, and Decide
National Business Institute, 2013
What Estate Planners Need to Know about LLC Formation
National Business Institute, 2011
Business Contracts from A to Z
Indiana University-Purdue University at Indianapolis Solutions Center, 2009
Strategic Alliances for Nonprofit Organizations
Pro Bono Service
Eli Lilly and Company Law Division Pro Bono Program
Community Development Law Center, Indianapolis
Former Director, President, and Volunteer Attorney
Indianapolis Legal Aid Society
Former Volunteer Attorney

J.D., Indiana University Robert H. McKinney School of Law, 1993
Summa Cum Laude Note Development Editor, Indiana Law Review

M.S., Purdue University, 1982
Chemical Engineering Thesis research in technology related to artificial kidneys

B.E., Vanderbilt University, 1978
Summa Cum Laude, Chemical Engineering

Jurisdictions Admitted to Practice Indiana, 1994
U.S. District Court for Southern District of Indiana, 1994
U.S. District Court for Northern District of Indiana, 1994
U.S. Court of Appeals for the D.C. Circuit, 1995
Professional & Bar Association Memberships

Indiana State Bar Association

American Institute of Chemical Engineers