The Legal 500

1701 PENNSYLVANIA AVE, NW, WASHINGTON DC 20006, USA
Tel:
Work +202 857 0620
Fax:
Fax +202 659 4503
Web:
www.groom.com

Groom Law Group has been at the forefront of developments in the nation’s employee benefits laws since Congress passed ERISA in 1974, drawing many of its attorneys from the federal agencies that regulate employee benefits and forging strong ties with key players in the federal regulatory agencies and in Congress.

With 80 attorneys dedicated to the employee benefits practice, Groom offers clients unparalleled coverage of issues and disputes arising from ERISA, the Tax Code, securities laws, ACA, HIPAA, COBRA, ADEA, and the many other laws that govern employee benefits. Working in nine different practice groups, Groom’s attorneys build upon their diverse backgrounds to share a common understanding of employee benefits law that enables them to integrate their efforts across areas of specialization to produce the best results for their clients. The firm prides itself on offering state-of-the-art advice on best practices and emerging trends in employee benefits to a diverse group of clients across the country. Groom emphasizes a team approach to clients that assures responsive and efficient service.

Types of work undertaken

Executive compensation: Groom’s executive compensation group assists employers and service providers with the development of executive compensation arrangements that satisfy corporate objectives while holding up under the scrutiny of federal regulatory agencies.

Fiduciary responsibility: from the first regulations issued by the Department of Labor to issues seen in today’s news, the attorneys in Groom’s fiduciary responsibility group have helped to shape every major administrative initiative related to ERISA’s fiduciary responsibility provisions. This experience allows them to effectively represent clients with respect to DOL and IRS audits and investigations.

Governmental plans: governmental plans are some of the largest plans in the nation, and while exempt from ERISA and significant parts of the Internal Revenue Code, they are subject to state or local law and special rules under the Internal Revenue Code. The firm represents many state and local plans of all types, including code 401(a), code 403(b) and code 457 plans.

Health and welfare: Groom’s health and welfare group provides an array of services to managed care organizations, insurance companies, benefit funds, trade associations, benefits consulting firms and others on a broad range of health and welfare matters. The group is playing a major role in helping clients meet the challenges posed by federal healthcare reform legislation. Groom attorneys are also regularly called upon to advise and provide planning assistance to employers, trustees, administrators, boards of directors and other plan fiduciaries and professionals on a wide variety of ERISA and tax issues.

Litigation: the team handles benefits-related controversies ranging from routine claims disputes and federal agency investigations to ESOP litigation to complex class action and multi-district litigation for plan sponsors, financial institutions, managed care organizations, service providers, trade associations, plan fiduciaries and other clients across the country.

Multi-employer/Taft-Hartley plans: the firm’s attorneys focus on multi-employer plan issues, representing both multi-employer pension and welfare plans, as well as contributing employers, with respect to issues such as plan funding, fiduciary compliance, mass withdrawal, insolvency, and compliance with ‘endangered’ and ‘critical’ status requirements.

Plan design and taxation: the attorneys on this team work with Fortune 100 companies, national associations, government entities, churches and financial institutions to design and maintain employee benefit plans that adhere to regulatory standards and evolve to meet the needs of their sponsors.

Plan funding and restructuring: Groom’s plan funding and restructuring group negotiates and litigates complex benefits issues, and provides creative, forward-looking advice on pension and health liabilities to clients involved in corporate transactions, bankruptcies, and their business restructurings.

Policy and legislation: drawing on its substantive expertise and hands-on experience, Groom works on benefits-related policies and legislation with Congress and the executive branch on behalf of trade associations, plan sponsors, financial institutions, healthcare organizations and other clients from the benefits community.

Managing Partner Michael J Prame

Chairman Stephen M Saxon

Number of Partners: 39

Number of Other Fee-Earners: 41

Above material supplied by Groom Law Group.

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Enforcement of Arbitration Awards in Cyprus – recent developments

    The global financial crisis of 2008 has generated a substantive amount of financial disputes between multinational and international entities. A much favoured method of resolving such disputes is through Arbitration proceedings. The merits of Arbitration are not going to be explored in this article. Suffice it to mention that cost, speed and privacy are the main reasons why parties opt for arbitration as a preferable mode of dispute resolution.
  • TRANSACTION TYPES AND APPROVAL PROCEDURE

    This article provides general overview about transaction types and their approval procedure. As a result, the Company has to determine the transaction types and applicable statutory requirements in regard to its conclusion.
  • Court Holds Royalties for Foreign-Registered Patents are Not Subject to Withholding Tax in Korea

    Court adhered to the existing position on the determination of royalty payment
  • New tax measures announced

    The Luxembourg Government presented on 29 February 2016 a new set of tax measures to be implemented by 2017, known as the 2017 tax reform package. The new measures concern both corporate and individual taxation, with a particular focus on social justice and international competitiveness. The amendments may be summarised as follows:
  • UCITS V level 2 measures published in the Official Journal of the EU

    On 24 March 2016, the European Commission Delegated Regulation EU 2016/438 supplementing the UCITS V Directive with regard to obligations of depositaries was published in the Official Journal of the European Union. The Delegated Regulation will apply from 13 October 2016.
  • ESMA publishes discussion paper on UCITS share classes

    ​On 6 April 2016 ESMA published a second discussion paper on UCITS share classes. The discussion paper builds on the feedback received in relation to ESMA’s first discussion paper on this issue which was published in December 2014. In analysing the responses to the first discussion paper, ESMA has identified diverging national practices as to the types of share class that are permitted, ranging from very simple to much more sophisticated share classes. ESMA is now seeking stakeholders’ views on common principles which could form the basis for a regulatory framework that all UCITS share classes should comply with. These common principles are as follows:
  • Level 2 measures for UCITS V: an overview

    ​On 24 March 2016, the European Commission Delegated Regulation EU 2016/438 (the “Delegated Regulation”) supplementing the UCITS V Directive with regard to obligations of depositaries was published in the Official Journal of the European Union. The long-awaited so-called level 2 measures for Directive 2014/91/EU of 23 July 2014 as regards depositary functions, remuneration policies and sanctions (“Directive UCITS V”) provide for the following:
  • Rejection of a candidate because of his age - Tribunal finds direct discrimination

    In a recent judgment of the Labour Tribunal of Ghent, division Roeselare of 2 May 2016, the court found that rejecting a candidate because of his age constitutes direct discrimination.
  • Adoption of the EU General Data Protection Regulation

    ​After more than 4 years of negotiation and roughly 4,000 amendments, the General Data Protection Regulation has finally been adopted yesterday by the European Parliament.
  • Luxembourg implements UCITS V

    ​Today, the Luxembourg Parliament (Chambre des Députés) adopted bill of law no. 6845 implementing Directive 2014/91/EU of 23 July 2014 on UCITS as regards depositary functions, remuneration policies and sanctions (“UCITS V Directive”) by way of amending the Luxembourg law of 17 December 2010 on undertakings for collective investment (the “UCI Law”).