Loy Waldrop has retired from the active representation of clients. He is now Of Counsel with Lewis Thomason for mediation and arbitration of commercial and residential construction project disputes. During his 46-year career he represented contractors, design professionals, developers, owners, sureties, and material suppliers in a wide range of construction industry matters for over 35 years. He has more than 25 years of experience in defending major lawsuits against designers with single suit claims as high as $250 million. He represented contractors in the prosecution and defense of claims ranging from payment issues to complex differing site conditions and scheduling claims. He participated in hundreds of court cases and arbitration proceedings and has personally tried dozens of jury and bench trials and arbitration hearings to verdict. He obtained summary or voluntary dismissals of numerous suits against designers. He also regularly assisted his contractor and designer clients in contract reviews and negotiations. His practice was devoted almost exclusively to the construction industry for approximately 35 years. In the first 10 years of his career, he obtained extensive trial experience in personal injury and product liability cases. He also represented accountants, attorneys, nurses, architects, engineers and surveyors in professional liability matters.
Mr. Waldrop is a Distinguished Military Graduate of Clemson University and served in the U. S. Army Security Agency from 1966-68, reaching the rank of Captain. He serves as an arbitrator in construction cases and as a mediator for construction disputes. Mr. Waldrop is a Tennessee Supreme Court Rule 31 Listed General Civil Mediator.
- Tennessee Bar Association
- Knoxville Bar Association
PROFESSIONAL HONORS AND ACTIVITIES
- Selected by American Lawyer Media and Martindale-Hubbell as Elite Lawyer of the South 2017
- Selected and listed in “2016 Top Rated Lawyers in Construction Law”, American Lawyer Media and Martindale-Hubbell
- Named to The Best Lawyers in America©, Construction Law Litigation – Construction
- Best Lawyers®: 2011, 2014, 2017 & 2019 Construction “Lawyer of the Year” in Knoxville
- Best Lawyers® 2012, 2015 and 2017 Construction Litigation “Lawyer of the Year” in Knoxville
- Mid-South Super Lawyers 2008-18
- Member, Tennessee Bar Association committee responsible for drafting Tennessee’s construction lien statutes enacted in 2007
- Past president, local chapter of the Construction Specifications Institute
- Past member, Board of Directors, American Subcontractors Association, Associated Builders and Contractors
- Past member, Board of Directors, Tennessee Association of Construction Counsel
- Executive Editor of the University of Tennessee Law Review