About Founders LLP

Founders LLP is a corporate law firm in downtown Toronto that focuses on transactional work for businesses. Chris Payne and Money Khoromi started the firm in 2021 after leaving Goodmans LLP, according to a report in Canadian Lawyer magazine at the time. Payne's earlier practice focused on banking and finance law, and Khoromi's on mergers and acquisitions and securities. Since then the firm has added partners and senior counsel who came from firms including Osler, Hoskin & Harcourt, Dentons Canada, McMillan, Baker McKenzie, and Torys.

The firm's practice centres on mergers and acquisitions, corporate finance and securities, banking and financial services, and general corporate and commercial work, along with a dedicated focus on emerging and growth companies. Recent client work described on its site includes acting for the purchaser in the 2025 acquisition of Toronto's El Mocambo music venue and acting for Proack Security in connection with its acquisition by WELL Health Technologies Corp. Founders LLP's lawyers describe their combined experience as 75 years, 150 deals, and 250 clients. The office is on Bay Street, in Toronto's Financial District.

Milestones & recognition

  • Chris Payne and Money Khoromi left Goodmans LLP to launch Founders LLP in 2021, as reported by Canadian Lawyer magazine.
  • The firm marked its second anniversary in March 2023.
  • Founders LLP's lawyers describe their combined experience as 75 years, 150 deals, and 250 clients.
  • One of the firm's senior counsel holds the ICD.D designation from the Institute of Corporate Directors, a credential for corporate board governance.

In the community

  • Partners at the firm spoke at the Institute for Biomedical Entrepreneurship in December 2022.

Good to know

A person using a wheelchairWheelchair accessibleA laptop showing a video callVirtual appointments

This firm’s lawyers at a glance

Law schools
University of Western Ontario (2), Dalhousie University - Schulich School of Law, Osgoode Hall Law School, Universite Laval (LLB, Civil Law); Queen's University (LLB, Common Law), University of Toronto, University of York and 1 more 8 of 9 lawyers

The neighbourhood

Founders LLP's office is in the Sterling Tower at Bay and Richmond, a twenty one storey art deco building completed in 1928. It was the tallest building in Toronto for about a year, until the Royal York Hotel opened, and the City of Toronto designated it a heritage property in 1976. The address puts a corporate finance and M&A practice in the middle of the Financial District, among the older office towers that once anchored Bay Street's original banking and brokerage row.

Frequently asked questions

Does Founders LLP handle mergers and acquisitions for private companies, or only public deals?
Both. The firm's M&A practice covers purchase and sale agreements for public and private businesses, along with take-over bids, plans of arrangement, and management buy-outs.
Can Founders LLP help a startup raise a seed or pre-seed financing round?
Yes, the firm has an emerging and growth companies practice and has advised clients on pre-seed rounds, including a $2 million raise and a US$1.1 million raise described on the firm's news page.
Does Founders LLP handle debt financing and bank credit facilities, not just M&A?
Yes. Its banking and financial services practice covers secured and unsecured debt financing, acquisition finance, and credit facilities, including work on new bank facilities described on the firm's news page.
Does the firm advise on corporate restructurings or insolvency matters?
Yes, Founders LLP has an insolvency and restructuring practice that covers debt financing aspects of a restructuring, including DIP and exit financing.
How big is Founders LLP and when was it founded?
The firm was founded in 2021 by Chris Payne and Money Khoromi after they left Goodmans LLP. Its team page currently lists partners, senior counsel, and an associate.
Where is Founders LLP located and how do I reach the firm?
The office is at 372 Bay Street, Suite 200, Toronto, Ontario M5H 2W9. The firm can be reached at +1 (416) 892 6500 or +1 (855) 239 0408.

Where to find them

372 Bay Street, Suite 200, Toronto, Ontario M5H 2W9 · 416-892-6500

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Listing compiled from the firm’s public website in August 2026. Verify licence status in the Law Society of Ontario directory ↗