Paul D. Hallgren



(612) 260-9019

(612) 260-9080

Paul’s practice focuses on helping clients find solutions and achieve their goals. He accomplishes these objectives by taking the time to learn the business of his clients, listening and understanding their needs, and being a reliable partner.

Paul has a range of experience that includes advising companies in the areas of securities, corporate governance, mergers and acquisitions, and general corporate matters, including vendor and customer contract drafting, operations and project financing, management concerns and competitor disputes, license agreements, master services agreements, and statements of work. He has substantial experience with SEC and exchange disclosure and reporting, along with capital-raising transactions, including both private and public offerings. Paul works with mature and early stage companies.

In addition, Paul maintains an active pro bono practice focused on advising low-income owners of small businesses and nonprofit organizations.



SEC Adopts New Approach to Rule 10b5-1’s Affirmative Defense to Insider Trading and Related Matters

January 24, 2023

Naz Jalali, Kevin Roggow, and Paul D. Hallgren discuss the recently adopted amendments to Rule 10b5-1 under the Securities Exchange Act by the Securities Exchange Commission in The Legal Intelligencer.

Compliance With SEC Pay Versus Performance Rules Quickly Approaching

November 04, 2022

Mehrnaz Jalali, Paul Hallgren, and Rikisha Collins discuss the pay versus performance rule adopted by the Securities and Exchange Commission (SEC) on August 25 in The Legal Intelligencer.

A Busy Summer: Breaking Down the SEC’s Recent Rule Changes

August 02, 2022

Kathy Jaffari and Paul Hallgren discuss the Securities and Exchange Commission’s (SEC) proposed rule on climate disclosures and analyze its recent changes in The Legal Intelligencer.

Insiders and Companies: Reforms to SEC Rule 10b5-1 Trading Plans May Be On the Horizon [The Legal Intelligencer]

November 01, 2021

Kathy Jaffari, Naz Jalali, and Paul Hallgren co-authored an article on recommendations made by the Investor Advisory Committee (IAC) of the U.S. Securities and Exchange Commission (SEC) regarding changes to the rules with respect to Rule 10b5-1 trading plans in The Legal Intelligencer.

Roundup of Boardroom Diversity Legislation

May 03, 2021

Katayun Jaffari and Paul Hallgren co-authored an article discussing the current state and what is hoped to be the future accelerated effort of diversifying the boardroom in Today’s General Counsel.

The SEC 'Modernizes' Certain Disclosure Rules

November 02, 2020

Katayun Jaffari and Paul Hallgren co-authored an article published in The Legal Intelligencer examining amendments the Securities and Exchange Commission has made to certain disclosure rules for public companies in an effort to modernize information presented to investors.


  • University of Minnesota Law School, J.D., cum laude, 2018
  • Augsburg College, B.A., summa cum laude, 2013
  • Minnesota

Extern for the Hon. Richard H. Kyle, U.S. District Court for the District of Minnesota, 2016