Best & Flanagan


James C. Diracles


James C. Diracles is a member of the Business Law and Native American Law practice areas. His practice focuses on financing, securities, mergers and acquisitions, general corporate law, and Native American law including tax, financing and business development matters. He serves small to medium-sized public corporations, private businesses, start-ups, real estate developers and Native American clients by offering them an experienced point of view from which to confront the legal issues.

His projects include representing both buyers and sellers in corporate acquisitions, a variety of corporate and governmental financings, as well as advising outside board members and special committees on issues such as SEC enforcement actions. Jim’s work with Native American tribes has included restructuring trusts for Tribal children to achieve tax-deferred status and obtaining a ruling from the IRS that tribal housing program benefits are not subject to income taxation.

Jim is the General Counsel for Silicon Border, a real estate development company that is developing a 5,000-acre (2,000 hectare) high technology science park in Mexicali, Mexico. The science park is involved in a number of solar and other alternative energy initiatives. Jim successfully negotiated a multi-million dollar grant from the Mexican federal and state governments to support the establishment of a semi-conductor industry in Mexico.

As part of his work for Native American tribes, Jim has arranged a wide variety of different financings including financings up to $280 million for casino expansion from a variety of lenders.

Jim is also experienced in North Dakota real estate development and oil and gas distribution.

Jim has been named a “Super Lawyer” (1999-present) and a “Top Ten Merger and Acquisition Lawyer”. In his spare time, he likes to garden, collect coins, and travel.


  • University of Minnesota, J.D., cum laude, 1973
  • Colorado College, B.A., English, 1970

Practice Areas


  • State of Minnesota, 1973
  • U.S. District Court, District of Minnesota, 1973
  • U.S. Tax Court, 1980
  • U.S. Supreme Court, 1983

Professional Associations & Memberships

  • American Bar Association
  • Minnesota State Bar Association
  • Hennepin County Bar Association