Areas of Practice
  • Washington and Lee University School of Law, J.D., 1984, cum laude; President, Phi Delta Phi; Washington and Lee Law Review
  • University of Mississippi, B.B.A., 1980, cum laude; President, Omicron Delta Kappa; President, Beta Alpha Psi
Bar Admissions
  • Mississippi, 1984
Thomas Shepherd III
Suite 800
190 E Capitol St
Jackson, MS 39201
601.949.4711 tel
601.949.4682 fax

Print PDF  | vCard

Tommy Shepherd is a partner in the Corporate Practice Group. He advises businesses, Native American tribes, and financial institutions on a wide range of commercial and transactional matters.

Tommy represents a broad spectrum of clients in all types of commercial and regulated matters. He has extensive experience in acquisitions, public-private leases, financings, land-use approvals, statutory and regulatory interpretation and compliance, operations, and administrative hearings.

An accomplished gaming attorney, Tommy advises some of the world’s largest gaming operators and suppliers, and he is a regular contributor to the firm’s Gulf States Gaming Law Blog, available at

Tommy is leader of the firm’s commercial transactions team. In this capacity, and in his own practice, he advises major private equity and investment banking firms and large commercial lenders involved in secured and unsecured lending. He also counsels clients with regard to debt offerings and bond offerings in connection with the development of various projects.

An acknowledged thought leader, Tommy serves frequently on panels and speaks on a range of business, legal, ethics, and regulatory issues at national and international conferences.


  • Listed in The Best Lawyers in America® 2019 (Copyright 2018 by Woodward/White, Inc., Aiken, SC) in the areas of Corporate Law and Gaming Law (listed annually since 2001)
  • Recognized by Best Lawyers® as the 2017 Gaming Law "Lawyer of the Year" in Jackson, MS 
  • Recognized by Best Lawyers® as the 2011 and 2019 Gaming Law "Lawyer of the Year" in Jackson, MS
  • Listed in "Chambers USA America's Leading Lawyers for Business" in the area of Corporate/Commercial: Gaming & Licensing (listed annually since 2003; Gaming & Licensing Nationwide recognition since 2016)
  • Leadership Jackson (2000–2001)
  • Leadership Mississippi
  • Mississippi Business Journal, Leadership in Law, Mississippi's Top 50 Attorneys (2011)
  • AV Preeminent® Peer Review Rating in Martindale-Hubbell
  • Listed in the 2017 edition of Mid-South Super Lawyers in the area of Gaming (listed annually since 2012)
  • Named "Mississippi Attorney of the Year" by the Mississippi Business Journal (2011)
  • Listed in The International Who’s Who of Sports & Entertainment Lawyers 2017 (listed annually since 2013's 1st edition)

Representative Matters

  • Purchaser’s counsel to Native American tribe in connection with the acquisition of a casino hotel in Louisiana
  • Purchaser’s counsel to Native American tribe in connection with acquisition of two hotels and related operations in Caribbean
  • Purchaser’s counsel to Native American tribal entity in multi-million dollar acquisition and proposed development of real estate in Mississippi
  • Counsel to the purchaser in a $280 million acquisition in Mississippi
  • Counsel to the lenders in a $175 million loan to a greenfield development in Mississippi
  • Multi-state counsel in a $1.2 billion acquisition of a manufacturer and related financing Special finance counsel to an international manufacturer in the billion dollar acquisition of a Class II gaming manufacturer
  • General counsel to a $40 million greenfield development project in Natchez, Mississippi
  • Special counsel to the private equity purchaser of a manufacturing company
  • Special counsel to the private equity purchasers in the largest acquisition in the history of the gaming industry
  • Special counsel to the lenders in a $100 million loan to a company for the redevelopment of a project in Mississippi
  • Special counsel to the lenders in a $500 million loan to a company in connection with existing indebtedness refinancing and an acquisition in  Mississippi  
  • Mississippi counsel to a publicly traded company in connection with a $5 billion sale and leaseback transaction with a public REIT




  • "Legal Ethics; Professionalism; Substance Abuse: A Primer for Lawyers"
    American Bar Association, 20th Annual Gaming Law Minefield Conference, February 12, 2016
  • "A Skill-Based Game: What is the Best Model?"
    National Council of Legislators from Gaming States, January 9, 2016
  • "U.S. Casino Growth: The Legal Complexities of Growth vs. Competition"
    ABA's 19th Annual Gaming Law Minefield Conference
    , February 12, 2015
  • "Executive Roundtable"
    2014 Southern Gaming Summit , May 8, 2014
  • "The Comment Period: The Public’s Role in Gaming"
    Global Gaming Expo (G2E), September 25, 2013
  • "Tribal Gaming Legal/Regulatory Update"
    2013 Southern Gaming Summit , May 9, 2013




  • American Bar Association (Member, Business Law Section, Gaming Law Committee)
  • Federal Bar Association (Member, Indian Law Section)
  • International Association of Gaming Advisors (Board of Trustees, 2001–2017; President, 2013–2014; Counselor, 2018 to date)  
  • Leadership Greater Jackson Board of Trustees (Member, 2010–2012)
  • Mississippi Bar Foundation (Fellow)
  • Mississippi Secretary of State Business Law Advisory Group (Chairman, 2000–2007)
  • Mississippi Secretary of State's Business Reform Committees (Co-Chairman, Corporations Law Committee, 2008 and 2011)       
  • National Conference of Commissioners on Uniform State Laws Mississippi Commissioner (1992–1996)
  • Rotary Club of Jackson (President, 2010–2011)
  • The Mississippi Bar (Chairman, Section of Gaming Law, 1996–1997; Chairman, Section of Business Law, 1994–1995)
  • St. James’ Episcopal Church (Vestry, served two terms; Junior Warden, 2017–2018)