ashulga@foxrothschild.comBiography
Biography
Arina’s practice focuses on advising VC funds on their day-to-day operations, including their minority startup investments, private equity funds on their operations and buy-side M&A roll-up transactions, and sponsors or law firms exploring legal MSO strategies.
Arina advises fund managers on investment fund formation as well as the structuring of their general partner and management company entities. Arina is also well-versed in the setup of special-purpose investment vehicles (SPVs) and Delaware series LLCs. After the investment vehicles have been formed, Arina continues advising the fund managers and sponsors with respect to regulatory compliance, internal operations and investment activities of the funds.
On the M&A front, Arina’s practice primarily focuses on representing private equity funds and independent sponsors in roll-up transactions throughout the United States. Arina also represents mature startups ready for an exit.
On the legal MSO front, Arina represents private equity firms in setting up management services organizations (MSOs) and in their acquisitions of back-office operations of law firms, or law firms interested in setting up their own MSOs.
As an experienced corporate attorney, Arina also acts as outside general counsel to her corporate clients, focusing on corporate governance, joint ventures and technology transactions.
Arina’s practice focuses on advising VC funds on their day-to-day operations, including their minority startup investments, private equity funds on their operations and buy-side M&A roll-up transactions, and sponsors or law firms exploring legal MSO strategies.
Arina advises fund managers on investment fund formation as well as the structuring of their general partner and management company entities. Arina is also well-versed in the setup of special-purpose investment vehicles (SPVs) and Delaware series LLCs. After the investment vehicles have been formed, Arina continues advising the fund managers and sponsors with respect to regulatory compliance, internal operations and investment activities of the funds.
On the M&A front, Arina’s practice primarily focuses on representing private equity funds and independent sponsors in roll-up transactions throughout the United States. Arina also represents mature startups ready for an exit.
On the legal MSO front, Arina represents private equity firms in setting up management services organizations (MSOs) and in their acquisitions of back-office operations of law firms, or law firms interested in setting up their own MSOs.
As an experienced corporate attorney, Arina also acts as outside general counsel to her corporate clients, focusing on corporate governance, joint ventures and technology transactions.
Services
Before Fox Rothschild
Arina joined us from a national law firm. She previously practiced at global, national and boutique law firms.
While earning her law degree, Arina externed for the Honorable Leonard I. Garth of the U.S. Court of Appeals for the 3rd Circuit and clerked for a global firm. Arina edited the University of Pennsylvania's Journal of International Economic Law and participated in the Small Business Clinic.
Beyond Fox Rothschild
Arina is an officer and North American Regional Forum Liaison with the Closely Held Companies Committee at the International Bar Association.
Arina was an Adjunct Professor of Entrepreneurial Law at Fordham Law School where she also advised Fordham startups (2017-2026).
She also has been a Legal Visiting Expert at the Penn Entrepreneurship Center and a legal mentor at Techstars Crypto Boston (2023) and Techstars Founder Catalyst Pre-Accelerator Program (2024).
Bar Admissions
- New York
Education
- University of Pennsylvania Law School (J.D., summa cum laude, Order of the Coif, 2002)
- University of Pennsylvania Wharton School (Certificate in Business Policy and Management, 2002)
- Mount Holyoke College (B.A., magna cum laude, 1997)
Memberships
- International Bar Association
- Closely Held Companies Committee
- Officer, North American Regional Forum Liaison
- Closely Held Companies Committee
Board of Directors
- Founding Member and Director of JURUSS
Languages
- Russian
- Spanish - Elementary/Beginner
- Conversational French

