The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Cleary Gottlieb Steen & Hamilton

Work +1 212 225 2000
Fax +1 212 225 3999
Abu Dhabi, Beijing, Brussels, Buenos Aires, Cologne, Frankfurt and 10 more

William McRae

Work 1 212 225 2188
Cleary Gottlieb Steen & Hamilton


William McRae is a partner based in the New York office. Mr. McRae’s practice focuses on taxation and related matters, including structuring investments into the United States for non-US sovereign investors; the tax aspects of corporate acquisitions; the tax aspects of forming and investing in private equity funds, real estate funds and other investment vehicles; international tax planning for multinational corporate groups (FTC planning and repatriation strategies), tax aspects of restructurings (preservation and utilization of NOLs and other tax attributes, management of COD income); and the taxation of equity derivatives and other financial products. He also regularly publishes articles on Section 892 issues, and was a principal author of a June 2008 report by the New York State Bar Association Tax Section, “Report on the Tax Exemption for Foreign Sovereigns Under Section 892 of the Internal Revenue Code.”


Joined firm, 1996; became partner, 2005; LLM in taxation, New York University; JD, cum laude, Harvard Law School (1996); BA, magna cum laude, Williams College (1991).


Mr. McRae is a member of the Bar of New York, and the New York State Bar Association, where he serves on the Tax Section Executive Committee.

United States: Tax

Financial products

Within: Financial products

The New York-based team at Cleary Gottlieb Steen & Hamilton is strong in sovereign debt offerings and has recently worked on high-value issuances for Argentina, Chile, Indonesia and Senegal; Erika Nijenhuis leads this work. Alongside Corey Goodman and Doug Borisky, Nijenhuis also advised various underwriters, initial purchasers and placement agents, including Citigroup Global Markets, Credit Suisse and Goldman Sachs, on hundreds of real estate mortgage investment conduit transactions and numerous CLO transactions. William McRae is another name to note, as are team leaders Diana Wollman and Jason Factor.

[back to top]

US taxes: non-contentious

Within: US taxes: non-contentious

According to one client, Cleary Gottlieb Steen & Hamilton¬†possesses ‚Äėone of the most distinguished tax practices in the US‚Äô¬†and leverages its ‚Äėstrong‚Äô corporate team in transactional M&A work, in addition to maintaining a strong track-record in capital markets transactions and real estate matters. In a display of its skills in private equity and investment funds, Jason Factor¬†and Corey Goodman¬†are continuing to act for long-term client Warburg Pincus and its portfolio companies in various transactions, such as Allied Universal's recently closed $1bn acquisition of US Security Associates from Goldman Sachs. Factor and Meyer Fedida¬†also worked on the formation of various private equity funds and transactions on behalf of TPG, including TPG Asia VII, the seventh fund in the TPG Asia and its investments in Uber Technologies. Other highlights include assisting Honeywell on the tax-free spin-off of its Homes and ADI Global Distribution business, and structuring the $1.1bn business cooperation agreement between its client, Alphabet, and HTC Corporation. William McRae¬†is the ‚Äėgo-to‚Äô figure for structuring in-bound investments, private equity and REITs. James Duncan, Erika Nijenhuis, Yaron Reich¬†and senior counsel James Peaslee¬†are also of note. All lawyers are based in New York.

[back to top]

Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to