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Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton consistently acts on some of the most consequential transactions taking place in the corporate and commercial arenas. Working in the corporate tax group, New York-based joint practice heads Jason Factor and Diana Wollman steer the team on market-leading M&A deals in sectors as diverse as technology, aviation, pharmaceuticals, media, and consumer goods. The full-service practice group is also well regarded for its experience in both traditional IPOs and SPAC offerings, fund formations, and high-stakes commercial agreements. Factor is experienced in all manner of private equity and hedge fund taxation issues, while Wollman—formerly director of international strategy for the IRS—is noted for her expertise M&A, in addition to her strengths as a litigator. William McRae is highly experienced in acting for many of the world’s top sovereign wealth funds, and serves as co-head of the REMIC practice alongside the firm’s CLO tax lead, Corey Goodman.

Practice head(s):

Jason Factor; Diana Wollman

Other key lawyers:

William McRae; Corey Goodman

Key clients

BNP Paribas

International Flavors & Fragrances

LATAM Airlines Group S.A.

Alphabet/Google

National Amusements, Inc.

Warburg Pincus

ESL Investments

3M

Agilent Technologies

LVMH

American Tower

Work highlights

  • Representing IFF in a $45.4bn merger with DuPont Nutrition & Biosciences as part of a Reverse Morris Trust transaction.
  • Representing National Amusements in its $30.5bn merger of CBS and Viacom.
  • Representing Google in its $2.1bn acquisition of Fitbit.

Cravath, Swaine & Moore LLP

Working hand-in-hand with the firm's leading corporate group, Cravath, Swaine & Moore LLP's tax team is well placed to handle many of the most complex, high-profile deals taking place in the market. Jointly led by Stephen Gordon and Lauren Angelilli, the top-notch tax department regularly designs and implements tax structures for historic mergers, spin-offs, joint ventures, SPACs and fund formations, acting for an impressive roster of blue-chip corporates, financial institutions and private equity clients. Angelilli and Gordon’s transactional expertise sees them handling the tax aspects of major M&A deals in pharmaceuticals, manufacturing, energy and media. In addition, Gordon is noted for his restructuring capabilities, while Angelilli is rated by clients for her expertise in securities offerings and financing transactions. Andrew Needham, a recommended REIT specialist, handles private equity fund formation and partnership taxation, while Leonard Teti advises clients on private equity transactions and bank financings. Christopher Fargo and Kara Mungovan are also noted.

Practice head(s):

Stephen Gordon; Lauren Angelilli

Other key lawyers:

Andrew Needham; Leonard Teti; Christopher Fargo; Kara Mungovan

Key clients

Avon

Cincinnati Bell

Deutsche Börse

Disney

Johnson & Johnson

Just Eat Takeaway.com

Mylan

Peugeot

PG&E

Unilever

Viacom’s Transaction Committee of the Board

Work highlights

  • Advising Mylan N.V. on its $50bn combination with Upjohn as part of a Reverse Morris Trust transaction, creating a new global pharmaceutical company, Viatris.
  • Advising The Unilever Group on the unification of its dual‑headed structure under a single parent company, Unilever PLC, resulting in a streamlined company with a market capitalization of over $150bn.
  • Advising Viacom Inc.’s Transaction Committee of the Board in its $30bn merger with CBS Corporation.

Davis Polk & Wardwell LLP

New York-headquartered Davis Polk & Wardwell LLP assists numerous leading corporations and investment banks with the tax considerations of major corporate and capital markets transactions, IPOs, debt financings, fund formations and restructurings. Following Neil Barr’s promotion to the position of firm-wide managing partner, new department head David Schnabel has led the team on an impressive array of big-ticket deals for clients in the areas of finance services, logistics, healthcare, aviation, sports and consumer goods. The tax practice is especially renowned for its unique derivative instrument capabilities, with recent highlights including a number of unique note issuances and structured product offerings, chiefly handled by financial instruments specialist and former tax chair of the New York State Bar Association (NYSBA) Michael FarberLucy Farr, another financial products expert and the incumbent chair of the financial instruments section of the NYSBA also comes highly recommended. Other team members to note include William Curran, an internal group restructuring expert, and Po Sit, a derivative products, partnerships and M&A specialist with extensive experience in matters involving PRC, Hong Kong and Taiwan.

Practice head(s):

David Schnabel

Other key lawyers:

Michael Farber; Lucy Farr; William Curran; Po Sit

Key clients

ABB

Advanced Accelerator Applications

Aetna

The Brink’s Company

Comcast

Emerson Electric

ExxonMobil

Federal Express Corporation

The Ferrero Group

Fortress Investment Group

GE

HRG Group Inc.

KKR

L Brands, Inc.

Lockheed Martin

McKesson Corporation

NBCUniversal Media, LLC

Novo Nordisk

Reckitt Benckiser

Reynolds

Roche

Shire

SS&C

SUEZ

Tyson Foods

Credit Suisse

Goldman Sachs

J.P. Morgan

Morgan Stanley

Debevoise & Plimpton LLP

Acting for a varied roster of blue-chip clients, Debevoise & Plimpton LLP's tax team is rated for its depth knowledge and breadth of service, working in conjunction with the firm’s corporate and financial practices. Co-chaired from New York by Peter Furci and Peter Schuur, the team advises a range of major corporations, lenders, insurers and private equity funds on M&A transactions, IPOs and fund formations. Furci is adept at handling the tax aspects of major corporate and commercial deals, and also regularly works on matters involving emerging markets, distressed debt and real estate funds. Schuur is highly experienced in the realm of private investment fund structuring, while Erin Cleary frequently advises on private equity fund formation, both domestically and internationally. Also recommended are Gary Friedman, the private investment fund specialist Rafael Kariyev and Michael Bolotin, who focuses on REIT taxation.

Practice head(s):

Peter Schuur; Peter Furci

Other key lawyers:

Erin Cleary; Gary Friedman; Rafael Kariyev; MIchael Bolotin

Testimonials

‘The Debevoise tax team is very commercial, exceptionally creative, always responsive, and thinks holistically about issues they encounter. They have deep expertise of the fund formation market, and that makes them a valuable thought partner in other transactional matters that touch on the funds.’

‘Peter Furci is a panoramic thinker who can distil the most complex issues and provide clear, actionable advice for our whole team. Michael Bolotin always guides us towards commercial solutions, and is always available to respond — no matter the issue or the time of day!’

‘Very strong US team with respect to general, insurance, partnership, employment, M&A and structuring tax issues.’

‘Debevoise brings significant expertise to a wide variety of tax topics. They are very responsive in all matters. Their partners possess both technical skill and real life experience which is invaluable from a Corporate Tax Director’s perspective. They are involved in all significant industry issues, thus they are able to provide views on a wide variety of topics. Peter Schuur has been our lead partner for years now and is technically skilled, easy to deal with and always available.’

Key clients

Artera Services, LLC

AVEVA Group

Blackstone

BrandSafway

Clayton, Dubilier & Rice

Global Atlantic Financial Group

Interxion

Johnson & Johnson

Lightspeed

The Special Committee of the Board of Directors of Match Group Inc.

Morgan Stanley

New York Life Insurance

Pathway Vet Alliance

Prudential

Resolution Life

Third Point Reinsurance Ltd.

Verizon

Warner Music Group

Work highlights

  • Advising AVEVA Group, a global leader in industrial software, on its $5bn acquisition of OSIsoft.
  • Advising New York Life on its acquisition of Cigna’s group life and disability insurance business for $6.3bn.
  • Advising Prudential and Jackson National on the reinsurance to Athene of $27.6bn of Jackson’s in-force book of fixed and fixed index annuities in exchange for an approximately $1.25bn ceding commission and a $500m equity investment in Jackson’s holding company.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP’s tax department enjoys a stellar market reputation, boasting an impressive full-service offering and a track record in high-value transactions and complex fund formations. The tax practice is jointly led by New York-based David Shapiro, a private equity and financing expert, and key corporate transactional tax attorney Alan Kaden, who works from the Washington DC office. The team regularly advises major banks, asset managers, media conglomerates, logistics operators and consumer goods manufacturers on the tax aspects of various corporate and commercial matters. Recent highlights have included high-profile debt transactions, private equity acquisitions, joint ventures and real estate fund structuring mandates. Washington DC-based Michael Alter works extensively on federal income taxation matters, especially the structuring and negotiation of taxable and tax-free acquisitions and dispositions, reorganizations and spin-offs. Also in DC, Michelle Gold is recommended for her expertise in fund formation and Shane Hoffmann is a standout associate. In New York, Robert Cassanos is noted for his broad transactional and private equity experience; Joseph Fox is experienced in the taxation of derivatives and financial products; and Christopher Roman handles the tax aspects of alternative investment funds and fund-related M&A.

Practice head(s):

Alan Kaden; David Shapiro

Other key lawyers:

Michael Alter; Robert Cassanos; Christopher Roman; Michelle Gold; Joseph Fox; Shane Hoffmann

Testimonials

‘They do a good job in navigating how we compare to our peers in the market for our funds. They are eager to partner and provide effective and efficient responses to our issues.’

‘Very senior and knowledgeable. Has taken the time to understand how I approach matters and is able to efficiently explain the issues so that we can make informed decisions that are best for both our investors and our firm. ’

‘Fried Frank’s tax lawyers are the best in the business. Their secret sauce is that they are very smart and knowledgeable about tax law, super hardworking and responsive, and have an incredible ability to describe incredibly complicated tax law and fact patterns and distill them into easy to understand chunks that lead to good outcomes for the company and smarter decision makers.’

‘Alan Kaden is a king in the tax world. Everyone knows him, respects him, and listens to him. He’s the rare combination of a brilliant tax lawyer and really nice guy who makes you feel like you’re the most important client he has. Shane Hoffman, who works with Alan is an excellent up-and-coming lawyer. He knows a lot, is an excellent lawyer and is so good at explaining complicated concepts. Their work product is excellent.’

‘Our corporate tax department contact is a tax lawyer at the firm, but he acts like the engagement partner, brining the right resources for every issue. Great customer services. Great diversity of practice. Great expertise.’

‘Mike Alter is committed to customer service, making sure he understands our needs as a company (and individual professionals), and serving those needs. Mike sets you up as an individual to succeed within your company and sets up the company to succeeds in its transaction.’

‘Their technical expertise is phenomenal across the many different sectors of tax. Their ability to attack tax issues from a business perspective is what makes them the best.’

‘Libin Zhang is my contact at the firm. I have worked in the tax departments of two publicly traded REITs and he is by far the best tax attorney I have worked with. His technical and business acumen is always on point and his responsiveness is amazing.’

‘Fried Frank treats all of their clients with respect and importance. You get the expertise of a top notch international law firm with the attention you’d get at a smaller practice.’

‘I have worked with Christopher Roman since 2006. We instantly developed a rapport due to his client orientation and tax expertise. Chris has assisted me on all large domestic and international transactions. He is extremely knowledgeable, easy to work with and his seamless collaboration with our Big Four accounting firm makes the transactions go smoothly. I recommend Chris before any other tax attorney to my friends and colleagues.’

‘The team is unique in its real estate related knowledge and ability and its ability to give advice and structure complex real estate transactions.’

‘Cameron Cosby has advised on two recent transactions involving Opportunity Zones, REITs and joint venture issues where the regulatory background was in flux. He ably navigated the transactions through complex and changing rules and deal requirements and consistently provided cogent, workable advice.’

‘Chris Roman is hands down the best tax partner I have worked with in the past two years. He is technical, responsive and provides reliable advice.’

‘Chris Roman is the reason we use this firm. Chris is the most reliable tax partner I have worked with (Law Firm or Big 4) while at Partners Group. He provides excellent client service, is reliable and is always available.’

‘Fried Frank’s tax team is exceptional. A true industry leader in the area of real estate taxation.’

‘Libin Zhang is responsive and thoughtful. In particular, he is able to integrate tax advice with legal advice to come up with practical solutions to tax problems. He has a wide breadth and depth of tax knowledge and is able to handle any tax problem quickly and in a fee-efficient manner.’

‘Very strong capabilities in the private equity and real estate space. Deep industry knowledge.’

‘Ken Rosenfeld is an exceptionally bright tax attorney with deep industry knowledge in the sectors he works in.’

Key clients

AEA Investors

Amazon

Bain Capital

BlackRock

Brookfield Asset Management

Cambridge Information Group

Cargill, Inc.

Catalent, Inc.

Dyal Capital Partners (a division of Neuberger Berman)

Fortress Investment Group

Goldman Sachs & Co.

HPS Investment Partners

Humana, Inc.

Leidos

Lockheed Martin Corporation

Neuberger Berman

Onex

Permira

Sinclair Broadcast Group

SPX Corporation

Tapestry (formerly Coach)

Terex Corporation

Tradeweb Markets

Work highlights

  • Advised Sinclair Broadcast Group, Inc. on its long-term strategic partnership agreement with Bally’s Corporation, combining Bally’s vertically integrated, proprietary sports betting technology with Sinclair’s portfolio of local broadcast stations and live regional sports networks, its streaming service STIRR, its popular Tennis Channel, and digital and over-the-air television network Stadium.
  • Advised T-Mobile on a series of high-profile, highly transformative matters, including $46bn of debt transactions in connection with the merger of T-Mobile and Sprint.
  • Advised Goldman Sachs on the formation of West Street Strategic Solutions I, a global opportunistic fund sponsored by GS MBD.

Kirkland & Ellis LLP

Kirkland & Ellis LLP is rated for its deep bench and strong international reputation, working on many of the most high-profile transactions and restructurings taking place in the market. Jointly led by New York-based Dean Shulman and Todd Maynes in Chicago, the tax department has handled the majority of the largest corporate bankruptcies in the past year, acting for a variety of high-profile retailers, telecoms providers and airline operators, among other clients. In addition, the team is regularly involved in major acquisitions, debt financings and fund formation matters, working closely with the firm’s corporate and finance departments. In the New York office, Sara Zablotney is recommended for her broad experience in corporate transactions, securities deals, and bankruptcies. Also based in New York, Mike Beinus maintains a varied investor client base, including REITs, private equity funds and sovereign wealth funds. Looking to the Midwest, Mike Carew and Gregory Gallagher in Chicago are noted for their broad transactional experience. Mark Schwed joined from Weil, Gotshal & Manges LLP, and Michael Masri from Orrick, Herrington & Sutcliffe LLP. Houston-based Richard Husseini was a new arrival in August 2021 from Baker Botts L.L.P..

Practice head(s):

Todd Maynes; Dean Shulman

Other key lawyers:

Sara Zablotney; Mike Beinus; Gregory Gallagher; Mike Carew; Richard Husseini

Key clients

Abbvie Inc. (NYSE: ABBV)

Ares Management Corporation

Bain Capital Private Equity

Bristol-Myers Squibb

Danaher Corporation

Frontier Communications

Grubhub (NYSE: GRUB)

Macy’s, Inc.

United Airlines Holdings, Inc. (NASDAQ: UAL)

Vista Equity Partners

Work highlights

  • Advising United Airlines on the tax aspects of its $6.8bn financing comprising $3.8bn of bonds and $3bn of term loans secured by the airline’s loyalty program, MileagePlus.
  • Representing J.C. Penney Company, Inc. and 17 of its affiliates on the tax aspects of its pre-arranged Chapter 11 cases.
  • Advising Bristol-Myers Squibb on the tax aspects of its $90bn acquisition of Celgene and the $13.4bn sale of the rights to Celgene’s OTEZLA® (apremilast) to Amgen.

Latham & Watkins LLP

The team at Latham & Watkins LLP handles the tax implications of myriad market-leading deals for a huge variety of clients operating in the fields of financial services, insurance, telecoms, tech and asset management, among others. In recent months, joint practice heads Joseph Kronsnoble and Jiyeon Lee-Lim (based in Chicago and New York, respectively) have led tax advice on Saudi Aramco’s IPO—the largest IPO in history—as well as on a number of multibillion-dollar M&A, debt financings and commercial agreements. In addition, Kronsnoble regularly handles bankruptcies and debt restructurings, acting both for debtors and creditors. Global tax chair Lee-Lim is especially active in the tech, automotive and manufacturing sectors, handling an array of transactions, and standalone planning and structuring issues. The team is heaviest on the West Coast, though it also stands out in New York, where key contacts include equity derivatives and financial products expert Elena Romanova, and seasoned transactional tax lawyer Lisa Watts, who regularly represents a venture capital funds, REITs, banks and LLCs. The team is heaviest on the West Coast, where Pardis Zomorodi, Kirt Switzer, and Samuel Weiner are leading names in the market. DC-based Andrea Ramezan-Jackson is a key figure for corporate and partnership taxation.

Practice head(s):

Joseph Kronsnoble; Jiyeon Lee-Lim

Other key lawyers:

Elena Romanova; Lisa Watts; Pardis Zomorodi; Kirt Switzer; Samuel Weiner; Andrea Ramezan-Jackson

Key clients

Aon PLC

NVIDIA Corporation

Underwriters on Saudi Aramco IPO

T-Mobile US, Inc..

Digital Realty Trust, Inc.

Intuit, Inc.

Opendoor Labs Inc.

Hyundai Motor Company

Postmates, Inc.

Leonard Green & Partners, L.P.

GNC Holdings, Inc.

Sable Permian Resources

CPA Global

CyberArk Software Ltd

Sasol

Searchlight Capital Partners

Owens-Illinois

TechnipFMC

Riverstone Holdings LLC

Special Committee of the Board of Directors of Athene Holding Ltd.

Work highlights

  • Representing AON plc in its $80bn all-stock merger with Willis Towers Watson.
  • Handling Saudi Aramco’s $29.4bn IPO, the largest IPO in history.
  • Acted for Intuit Inc. in its pending $7.1bn acquisition of Credit Karma Inc.

Mayer Brown

Mayer Brown’s broad domestic and international market footprint makes it an attractive choice for market-leading multinationals, financial institutions, trade associations, and investment funds involved in large-scale domestic and cross-border transactions.The team has an impressive track record in securitization and complex and innovative financial products; a contact in this space is capital markets and structured finance specialist Mark Leeds. Acting out of the San Francisco office, Remmelt Reigersman is a key contact for major M&A deals and capital markets transactions. Contacts in New York include transactions and planning expert Lucas GiardelliDaniel Kiely , who joined in June 2020 from an in-house role at OneMain Financial; and Jason Bazar, who jointly manages the practice alongside James Barry in Chicago.

Practice head(s):

James Barry; Jason Bazar; Laurent Borey

Other key lawyers:

Mark Leeds; Remmelt Reigersman; Lucas Giardelli; Daniel Kiely

Testimonials

‘The team has in-depth tax knowledge and very skilled at managing transactions (M&A). I found them to be very responsive to inquires by client. Generally, they assign a point person and they will coordinate with their team to manage the transactions.’

‘I have worked with Jim Barry for many years on small and big transactions. He is very accessible and responsive to client needs (big or small). I have spent many evenings and weekends on calls with Jim working on transactions.’

Key clients

Altice N.V. & Altice USA Inc.

The Dow Chemical Company

Hartford Financial Services Group

Macquarie Group Limited

Nestlé SA

Prologis Inc.

Société Générale

World Shipping Council

The Jordan Company

Sotheby’s Inc.

Work highlights

  • Advising Goldman Sachs Lending Partners on a first-of-its-kind $6.8bn financing of United Airlines, Inc. secured by United Airlines’ loyalty program, MileagePlus.
  • Representing BidFair USA, Inc., an entity wholly owned by media and telecom entrepreneur and art collector Patrick Drahi, in the $3.7bn acquisition of Sotheby’s Inc, the fine art, collectibles and jewelry auction house.
  • Representing Nestlé Health Science in its $2.6bn acquisition of Aimmune Therapeutics, Inc., a biopharmaceutical company developing and commercializing treatments for potentially life-threatening food allergies.

McDermott Will & Emery LLP

McDermott Will & Emery LLP’s well-balanced tax practice is equally adept at handling the tax aspects of multibillion-dollar blue-chip transactions as it is working on various planning and advisory mandates, including major internal and group restructurings for some of the world’s biggest companies. Joint practice heads Jane May and Tim Shuman, based in Chicago and Washington DC respectively, manage a deep bench of tax practitioners, many of whom draw on extensive governmental experience from previous positions at the IRS and Treasury Department. May, who also heads the firm’s SALT practice, represents various corporate clients in tax matters at the state and local tax level. Shuman focuses on acquisitions, disposals, restructurings and liquidations, and has been involved in numerous spin-offs in the review period. The department has recently hired a number of new partners, including Miami-based Arianne Plasencia and Michael Silva, the latter of whom is especially experienced in the tax aspects of investment fund formation. Plasencia and Silva joined from DLA Piper LLP (US) in April 2020. Damon Lyon and Lowell Yoder in Chicago, and Caroline Ngo in DC are also noted.

Practice head(s):

Jane May; Tim Shuman

Other key lawyers:

Arianne Plasencia; Michael Silva; Damon Lyon; Lowell Yoder; Caroline Ngo

Testimonials

‘MWE has extensive experience with capital markets and financial institutions in particular. They can handle corporate matters, derivatives, and securitizations as well as federal tax issues. They also have a strong state and local practice, which sets them apart from their peers in the industry.’

‘John Lutz has the broadest base of finance and tax knowledge and experience on the street. Alexandra Scheibe is a solid derivatives attorney. Alysse McLoughlin is second to none in state and local tax matters.’

‘As clients we always want to feel that our counsel cares about us, and that is willing and happy to look for solutions and articulate responses that are helpful to our concerns. That’s is what you can get with MWE.’

‘First of all, they are great people to work with. Nice and responsive. Second, they are solid from a technical standpoint and good at listening to our problems and finding solutions that work.’

‘The MWE team provides an unusual combination of strong issue spotting and proactive problem solving. When they have reviewed a transaction I feel confident that nothing unexpected is going to surface and bite me later.  They always have suggestions for working around it to accomplish our goals in an appropriate manner. They make sure that they understand the business, the company’s planning personality and the overall context so that they can readily work as part of the team. They manage to have great availability and produce timely product without placing excessive pressure on staff.’

‘Caroline Ngo is always a pleasure to work with. She is collaborative, clear, and creative. She has a good moral compass and seeks to do the right kind of planning, i.e. things that are solid and stand up well in the bright light of day. She is not ego-involved but she is bright and can be relied upon to come up with sound suggestions for dealing with problems. She listens well and gets immediately onto the same page as the internal team.’

‘Mike Wilder, who serves as the technician who can always cite chapter and verse, does not let that get in the way of being an easygoing team member. He listens well, engages in real discussion of issues and how they will play in the real world, and gives helpful feedback both on what is market and on what he would recommend for us (where we are careful to remain safely within the straight and narrow).’

‘This group has the perfect (and hard to find) balance of subject matter expertise and practical perspective. They are precise in their advice but know how to also be user-friendly in their application.’

‘Deep knowledge of the tax rules and creative thinking are the two main areas that stand out. I also enjoy the individuals; they have great personalities.’

Key clients

Coty

Aon

Chevron

Procter & Gamble

sticky.io

Bank of America Merrill Lynch

Healthcare Trust of America

Work highlights

  • Representing Aon in its $30bn acquisition of Willis Towers Watson Plc, in an all-stock transaction deal that would make it the world’s biggest insurance broker.
  • Serving as special tax counsel to Chevron Corporation in connection with its announced all-stock acquisition of Noble Energy, Inc.
  • Advising Coty (as US tax counsel) on its strategic transaction with KKR with a deal value of approximately $4bn.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s firmly integrated tax practice is well placed to structure and implement efficient tax structures for M&A, spin-offs, financings, securities offerings, fund formations, recapitalizations and restructurings. Its firm-wide, full-service collaboration across the full life cycle of a deal benefits a broad range of clients, which turn to the New York-based team for its ability to handle high-value and often very high-profile transactions. In recent months, the team has also handled a number of reorganizations for major energy providers, led by department co-head Scott Sontag. Other key figures include veteran transactional lawyer Brad Okun and co-chair emeritus Jeffrey Samuels, who regularly handles major transactions for clients in manufacturing, hospitality, telecoms and consumer goods sectors, among others. David Mayo is recommended for corporate and partnership taxation, and Robert Holo joined from Simpson Thacher & Bartlett LLP in March 2020.

Practice head(s):

Scott Sontag; Brad Okun; Jeffrey Samuels

Other key lawyers:

David Mayo; Robert Holo

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP advises a range of clients, including energy and utility providers, financial institutions, asset managers and other well-known corporates on the tax aspects of corporate and financing transactions, fund formations and investment structuring strategies. The New York-based tax practice is led by Nancy Mehlman, who has broad expertise in a huge variety of corporate transactions and M&A, REITs and capital markets deals. Jonathan Goldstein is recommended for his experience in big-ticket sales and acquisitions, while Marcy Geller frequently acts on corporate restructurings and bankruptcies. Also recommended is Andrew Purcell, who has experience of financing, M&A and private equity transactions. Russell Light joined from Kirkland & Ellis LLP in August 2020, strengthening the team's capabilities in private equity deals and fund formation matters.

Practice head(s):

Nancy Mehlman

Other key lawyers:

Jonathan Goldstein; Marcy Geller; Andrew Purcell; Russell Light

Key clients

Alibaba Group

Apax Partners

The Blackstone Group L.P.

The Carlyle Group

Centerbridge Partners

Digital Colony

EQT

GFL Environmental

Hellman & Friedman

Hilton Worldwide

Ingersoll Rand

Johnson Controls

J.P. Morgan

Kohlberg Kravis Roberts & Co., L.P.

Lightyear Capital

Microsoft Corporation

Patria Investments

Rockpoint Group

Silver Lake

SoftBank

The Toronto-Dominion Bank

Versum Materials

ZoomInfo Technologies

Skadden, Arps, Slate, Meagher & Flom LLP

With offices on both coasts and in the Midwest, Skadden, Arps, Slate, Meagher & Flom LLP is well placed to advise on a full range of tax considerations of big-ticket transactions, internal restructurings and debt financings across the US and globally. Washington DC-based global tax chair Eric Sensenbrenner steers the team on numerous M&A deals, partnerships, joint ventures and energy project finance transactions. Over the review period, Sensenbrenner also led of major tax-free spin-offs for clients in the life sciences sector. In the New York office, regional practice head Steven Matays is recommenced for his broad transactional expertise, while global regulatory chief David Rievman is well versed in complex carve-outs and debt issuances. On the West Coast, Nathan Giesselman and Kenneth Betts are especially active in the entertainment sector, while Chicago group head David Polster is recommended for partnership transactions and IPOs.

Practice head(s):

Eric Sensenbrenner

Other key lawyers:

Steve Matays; David Rievman; Kenneth Betts; David Polster

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP handles the tax aspects of many of the most significant corporate and financing transactions in the market. Practice head Joseph Pari, who works between the firm’s offices in New York and Washington DC, leads a team of seasoned practitioners with expertise in major acquisitions, disposals, securitizations, REITs and fund formations for blue-chip corporates, financial institutions and asset management firms. Chapter 11 filings, and the associated reorganizations and restructurings, are a further key strength. Stuart Goldring, who serves on the executive committee of the New York State Bar Association’s Tax Section, is recommended for his deep knowledge of tax matters for financially troubled companies. The broadly experienced Chayim Neubort is another key figure at the New York office. Also recommended is Noah Beck, a seasoned transactional lawyer.

Practice head(s):

Joseph Pari

Other key lawyers:

Stuart Goldring; Mark Schwed; Chayim Neubort; Noah Beck

Work highlights

  • Advising Willis Towers Watson PLC on the tax aspects of its pending $80bn combination with Aon PLC.
  • Advising Churchill Capital Corp III, a SPAC sponsored by Churchill Capital group, on the tax aspects of its $5.7bn merger with MultiPlan, Inc.
  • Advising Maxim Integrated Products, Inc., a designer, developer and manufacturer of integrated circuits, on the tax aspects of its $21bn sale to Analog Devices, Inc.

Gibson, Dunn & Crutcher LLP

Gibson, Dunn & Crutcher LLP’s tax practice regularly works on public M&A, joint ventures, private equity transactions, capital markets deals, real estate deals and fund formations. Energy is a particular area of strength for the team, which is regularly involved in upstream and midstream oil and gas transactions. The department is chaired by veteran practitioner Eric Sloan, who possesses deep knowledge of transactional and structuring matters, and is especially experienced in Up-C IPOs. Also recommended are David Sinak, a Texas-based federal income tax and Texas franchise taxation expert, and Jeffrey Trinklein in New York, a name to note for investment structuring. Dora Arash, who focuses on federal income tax planning for corporations and partnerships, is a name to note on the West Coast. Pamela Endreny joined the New York office from Skadden, Arps, Slate, Meagher & Flom LLP in August 2020.

Practice head(s):

Eric Sloan

Other key lawyers:

David Sinak; Jeffrey Trinklein; Dora Arash; Pamela Endreny

Key clients

Stone Canyon Industries, LLC

Evergreen Coast Capital

Platinum Equity, LLC

General Electric Company

Aurora Capital Partners

Hudson Pacific Properties, Inc.

Eros International

Eaton Corporation

The Chernin Group, LLC

Morgan, Lewis & Bockius LLP

Morgan, Lewis & Bockius LLP’s well-staffed tax group represents clients in a variety of industry sectors, including technology, telecoms, media, consumer goods, pharmaceuticals and financial services. With multiple offices nationwide, the firm offers clients seamless assistance on M&A, debt issuance, SPAC transactions, and standalone planning and structuring matters. The department is jointly led by Barton Bassett  in Silicon Valley, Daniel Nelson  in Boston and Sanford Stark in Washington DC. Nelson chiefly handles inbound investments in US real estate, while Stark has recognized expertise in transfer pricing matters. Other names to note include the Philadelphia-based Paul Gordon , who handles many of the firm’s energy sector mandates.

Practice head(s):

Barton Bassett; Daniel Nelson; Sanford Stark

Other key lawyers:

Paul Gordon

Key clients

The Hampshire Companies/UOB Global Capital

Insurance Acquisition Corp.

Far Point Acquisition Corp.

Credit Suisse

The New York Times Co. (NYT)

Amneal Pharmaceuticals

Verizon Communications Inc.

Apollo Global Management, LLC

Perrigo

Work highlights

  • Advising on listing of UOB Hampshire US REIT, a Singapore REIT, which generated proceeds of approximately $400m.
  • Representing Far Point Acquisition Corp, a SPAC, in its $2.6bn acquisition of Global Blue, a payment services company for international shopping.
  • Representing Apollo Global Management, LLC in its definitive agreement and planned merger with US Foods to acquire Smart Foodservice Warehouse Stores.

Paul Hastings LLP

With a robust, partner-led presence on both coasts (in addition to major centers like Houston and Chicago), Paul Hastings LLP’s tax team leverages its broad regional footprint to act on large-scale tax mandates for leading multinational corporations, asset managers and financial institutions. Leading the group from New York is Joseph Opich, well-versed in the planning, structuring and transitional aspects of myriad transactions, and a go-to tax counsel for many of the largest CLO arrangers in the market. On the West Coast, Douglas Schaaf is recommended for his expertise in financial instruments and debt issuances. Greg Nelson, chair of the Houston office, concentrates on the tax aspects of MLPs and energy sector deals, while Chicago-based Ziemowit Smulkowski is recommended for private equity transactions.

Practice head(s):

Joseph Opich

Other key lawyers:

Douglas Schaaf; Greg Nelson; Ziemowit Smulkowski

Key clients

Intel Corporation

GI Partners

CrossAmerica Partners, LP

Francisco Partners

IFM

CrossAmerica Partners, LP

STG Partners

Compass Diversified Holdings

White Oak Global Advisors

Ashton Woods USA

Moody’s Corporation

TierPoint

Lexington Realty Trust

Work highlights

  • Represented Oaktree Capital Management and two of its real estate funds in the sale of its ownership interest in a 22-asset portfolio of US real property located throughout the US to an entity controlled by The Blackstone Real Estate for a cash sales price of approximately $1.6bn.
  • Represented Francisco Partners as lead buy-side counsel in the client’s entry into a definitive agreement alongside Evergreen Coast Capital, for the acquisition of LogMeIn, a leading provider of cloud-based connectivity, for approximately $4.3bn enterprise value.
  • Advised institutional fund manager IFM on the tax aspects of its acquisition of midstream logistics-focused master limited partnership Buckeye Partners LP; the deal is the largest-ever single deal struck by IFM.

Proskauer Rose LLP

The tax group at Proskauer Rose LLP is regularly involved in corporate and commercial tax mandates for various high-profile companies, alternative lenders and investment advisory firms. Led from the New York office by Ira Bogner, the team is particularly adept at handling the tax aspects of private equity transactions and debt issuances, regularly working on complex fund formations, credit facility negotiations and note offerings. David Miller   is a leading name in the market for high-value transactions, while Amanda Nussbaum is especially strong in investment fund structuring and tax matters affecting professional sports teams and organizations. Stuart Rosow is regularly sought out by the firm’s multinational clients for assistance with tax structuring and post-transactional matters. Martin Hamilton  is also recommended.

Practice head(s):

Ira Bogner

Other key lawyers:

David Miller; Stuart Rosow; Martin Hamilton; Amanda Nussbaum

Key clients

Arbour Lane Capital Management LLC

Ares Management Corporation

British Telecommunications plc

Adams Street Partner

AccorHotels

Gilinski Group

Grifols S.A.

Ardian

Henry Schein

Wells Fargo Securities, LLC

Work highlights

  • Advising funds managed by the Credit Group of Ares Management Corporation on the largest-ever unitranche financing (aggregate £1.88bn) to The Ardonagh Group.
  • Advising Grifols on a $6.3bn financing transaction comprising $4.5bn credit facilities and €1.68bn senior secured notes, the proceeds of which were used to refinance its existing credit facilities.

Ropes & Gray LLP

Ropes & Gray LLP has a very strong asset manager and private funds client base, though the team also provides high-level tax advice to corporates in the life sciences and real estate sectors, as well as to university endowments and other tax-exempt entities. The tax department is especially well regarded for its tax-exempt organization practice, where Boston-based Kendi Ozmon is a key contact. The tax group is led from the Boston office by Elaine Murphy, who is noted for her broad transactional and structuring expertise. David Saltzman advises on the tax aspects of financial products and capital markets transactions, while New York-based Jim Brown focuses on investment fund structuring. Amanda Holt is noted for her experience in private equity fund structuring and corporate and partnership taxation.

Practice head(s):

Elaine Murphy

Other key lawyers:

Kendi Ozmon; David Saltzman; Jim Brown; Amanda Holt

Key clients

Ares Management

Audax Group

Bain Capital

CBRE

Dunkin’ Brands Inc.

Harvard University

Novavax

The TJX Companies

TPG Capital

University of Southern California

Work highlights

  • Representing Dunkin’ Brands Group Inc. in its sale to Inspire Brands Inc. Dunkin’, entering into a merger agreement whereby Inspire will acquire Dunkin’ Brands.
  • Advising iCapital Network on the tax aspects of its acquisition of Artivest Holdings Inc.
  • Advising Novavax Inc. on strategic transactions and global tax planning related to the commercialization of NVX CoV2373, Novavax’s Covid-19 vaccine candidate.

Shearman & Sterling LLP

Shearman & Sterling LLP’s tax team is a major player in big-ticket M&A, strategic tax planning, debt finance deals and restructurings. In addition to acting for a number of leading corporates and financial institutions, the team is also active in the private equity sphere, working on numerous acquisitions and tax-efficient structuring mandates. The New York-based team is jointly led by financial products expert Michael Shulman and REIT specialist Larry Crouch, who splits his time between the two coasts. In the DC office, Kirsten Garry is noted for her expertise in financial product taxation and the implications of various federal tax treaties. Also recommended are Jay Singer, who concentrates on M&A and spin-offs, and Ryan Bray, who advises on debt restructurings and bankruptcies.

Practice head(s):

Michael Shulman; Larry Crouch

Other key lawyers:

Kirsten Garry; Jay Singer; Ryan Bray

Key clients

Raytheon Company

International Swaps and Derivatives Association (“ISDA”)

ViacomCBS f/k/a Viacom Inc.

Celanese Corporation

NatWest Markets plc

Intercontinental Exchange

Tetra Laval International S.A.

Ecopetrol, S.A.

Canada Pension Plan Investment Board (CPPIB)

Banco Bradesco S.A.

GenMab

Ardagh

Anglo American

Work highlights

  • Advising Raytheon on its tax-free merger-of-equals transaction with United Technologies Corporation, which created Raytheon Technologies Corporation.
  • Advising Viacom Inc., on its merger with CBS Corporation.

Sullivan & Cromwell LLP

The tax team at Sullivan & Cromwell LLP provides a wide range of tax services. A key figure in the practice is New York-based David Hariton, who has extensive experience in cross-border corporate and financing transactions. Ronald Creamer heads the tax group.

White & Case LLP

The team at White & Case LLP advises on the full range of tax considerations for some of the largest deals taking place in the market. In the past year, the department—co-chaired by Washington DC-based Kim Boylan and New York-based Sang Ji—has acted on historic IPOs, acquisitions, spin-offs and strategic commercial alliances for clients in the areas of energy, infrastructure, life sciences, pharmaceuticals, technology and manufacturing. Boylan is an authority on transfer pricing issues, while Ji specializes in M&A, structuring, IP tax planning and securities offerings. Other names to note in New York include David Dreier, who focuses on securitizations and restructurings, and Steven Gee, an IP tax specialist. Victoria Rosamond is also recommended.

Practice head(s):

Kim Marie Boylan; Sang Ji

Other key lawyers:

David Dreier; Steven Gee; Victoria Rosamond; Andrew Kreisberg

Testimonials

‘Good technical, practical understanding of business and legal requirements.’

‘Personable and easy to work with.’

‘Practical tax advice. Dilutes the issues down in a concise and useful way. Very responsive.’

‘Andrew Kreisberg continues to be an exceptional tax attorney that is attentive and in tune with our tax considerations.’

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

Brookfield Infrastructure

Roivant Sciences Ltd.

Lantheus Holdings, Inc.

Sony Corporation of America

EchoStar Corporation

OpenText Corporation

Macquarie Infrastructure Partners Inc.

Avon Rubber p.l.c.

Work highlights

  • Advising Saudi Aramco on its $29.4bn IPO on the Saudi Stock Exchange (Tadawul), which was the world’s largest IPO.
  • Advising Saudi Aramco on its $69.1bn acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC), one of the world’s largest chemicals companies, from the Public Investment Fund, the sovereign wealth fund of the Kingdom of Saudi Arabia.
  • Advising Brookfield Infrastructure, which partnered with GIC Special Investments, Singapore’s sovereign wealth fund, on its $8.4bn acquisition of Genesee & Wyoming Inc., a freight railroad owner and operator based in the US.

Cadwalader, Wickersham & Taft LLP

Chaired by the eminent Linda Swartz, the tax team at Cadwalader, Wickersham & Taft LLP provides comprehensive tax advice on corporate transactions including M&A and spin-offs, Reverse Morris Trust deals, restructurings and joint ventures, acting for financial institutions and asset management firms alike. The department is especially renowned for its securitization structuring capabilities, and works closely with major regulators and federal agencies to develop new programs for ABS taxation. Another key figure in the New York office is Gary Silverstein, who specializes in securities and financial product taxation. In the Washington DC office, Mark Howe is noted for his broad experience of partnerships, financial products, capital markets, and commodities taxation. Jason Schwartz is another name to note for securities work.

Practice head(s):

Linda Swartz

Other key lawyers:

Gary Silverstein; Mark Howe; Jason Schwartz

Key clients

Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

MBIA, Inc.

Kingsland Holdings Limited

Alternative Reference Rates Committee (ARRC) and Numerous Global Banks

Pershing Square Tontine Holdings, Ltd.

Sachem Head Capital Management

J. Aron & Company LLC (Goldman Sachs)

The Howard Hughes Corporation

National Founders LP, a subsidiary of Credigy

Monocle Acquisition Corporation

ACRES Capital Corp.

Population Health Investment Co.

Community Bank System, Inc.

Dealer Car Search

Work highlights

  • Representing Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (“Assured”) in connection with the Commonwealth of Puerto Rico’s restructuring of approximately $73bn of outstanding bond debt.
  • Representing MBIA Insurance Corp. and MBIA Inc. in multiple capacities relating to two of three CLO investment funds referred to collectively as the Zohar Funds, or, individually, as Zohar I and Zohar II.
  • Representing Kingsland Holdings in the Chapter 11 cases for Avianca Holdings.

Clifford Chance

Clifford Chance has a strong reputation for developing innovative tax structures for REIT transactions, financial products and mortgage-backed securities. New York-based David Moldenhauer—a renowned federal tax attorney in the fields of energy, fund management and private equity—leads the team, which regularly works on key corporate and commercial transactions for various investors, insurers and capital markets groups. Avrohom Gelber focuses particularly on capital markets deals, including securitization deals and CLOs. Jim Gouwar is noted for his focus on structured finance transactions and REMICs, while Philip Wagman frequently handles M&A, joint ventures and leveraged buyouts. Michael Seaton is recommended for REITs taxation and insurance-related matters, working closely with the firm’s insurance M&A team. All named lawyers are based in New York unless stated otherwise.

Practice head(s):

David Moldenhauer

Other key lawyers:

Avrohom Gelber; Jim Gouwar; Philip Wagman; Michael Seaton

Testimonials

‘The team provides sophisticated tax advice, while being commercial. Clifford Chance understands the different constituents in a deal and provides excellent service/perspective.’

‘Michael Seaton is an elite tax lawyer. He has deep expertise of any real estate tax issues and is very commercial. He is responsive and a top-quality tax advisor. We are fortunate that he advises us (and not our competitors)!’

‘Client-friendly, highly responsive, bright and communicative’

‘Philip Wagman is one of the best tax lawyers I have ever come across. He is able to distill and explain highly complicated tax issues in a way that is easy to understand and has excellent judgment.’

Key clients

Apollo Commercial Real Estate Finance Inc.

Berkshire Residential Investments

Colony Capital

Ardian

Global Jet Capital Inc.

Greystone & Co., Inc.

Hearst Corporation

Madison International Realty

National Storage Affiliates Trust

Cantor Fitzgerald

Work highlights

  • Advising Berkshire Residential Investors on a number of matters over the past year, including the structuring of several closed-end real estate debt and equity funds, and acting as REIT counsel in connection with two separate CRE CLO transactions.
  • Advised Almanac on the tax, structuring and documentation relating to the restructuring of its debt and equity investment in PREP Property Group, LLC.
  • Advised ICG Strategic Equity on its acquisition of interests in certain portfolio companies owned by Mid Europa Funds III and IV, and the restructuring of those Mid Europa Funds’ interests in those portfolio companies.

Dechert LLP

Dechert LLP’s reputation in the financial services sector sees it frequently acting for a range of banks, asset managers and investment funds in various corporate and commercial transactions. New York-based global tax group chair Joshua Milgrim leads a team, which acts not only for the majority of the top global asset management firms, but also for key life sciences corporations and middle-market private equity clients. Milgrim handles hedge-fund tax work, while Steven Clemens focuses on private equity mandates. Ari Zak and Joseph Riley are also experienced in tax structuring matters for financial services firms. Outside of New York, Philadelphia-based Edward Lemanowicz is well versed in structuring and executing taxable and tax-free transactions.

Practice head(s):

Joshua Milgrim

Other key lawyers:

Ari Zak; Joseph Riley; Steven Clemens; Edward Lemanowicz

Key clients

B&G Foods

Barings

Court Square Capital Partners

CVC

Fannie Mae

FS/KKR Advisor

GIC

LF Capital

One Equity Partners

Quest Diagnostics

Quilvest

Work highlights

  • Representing GIC, the sovereign wealth fund established by the Government of Singapore, in connection with the sale of Refinitiv to the London Stock Exchange Group in an all-stock transaction.
  • Advising FS/KKR Advisor, LLC, the external adviser to FS KKR Capital Corp. (NYSE: FSK) and FS KKR Capital Corp. II (NYSE: FSKR), and each of FSK and FSKR in connection with the merger of FSK and FSKR.
  • Advising CVC Credit Partners, the dedicated credit arm of private equity firm CVC Capital Partners, in successfully raising $657m for its second US focused direct lending fund, CVC Credit Partners US Direct Lending Fund II.

Eversheds Sutherland

Eversheds Sutherland’s sizeable department acts as long-term outside tax counsel for a number of leading financial services providers, investment management firms, and blue-chip multinationals. The team is frequently engaged in major M&A deals and divestitures for clients in the areas of TMT, energy and retail; it also has strengths in restructuring mandates and investment structuring. Renowned SALT expert Jeffrey Friedman heads up the department from the DC office, with Timothy Gustafson and Reginald Clark leading on tax matters in Sacramento and Atlanta, respectively. A concerted expansion effort in the corporate and finance tax practices has resulted several new arrivals: Nikki Dobay is a key addition on the West Coast, having previously worked at the Council on State Taxation; while Breen Schiller joined the Chicago office from Horwood Marcus & Berk Chartered.

Practice head(s):

Jeffrey Friedman; Timothy Gustafson; Reginald Clark

Other key lawyers:

Nikki Dobay; Breen Schiller

Key clients

Empower Retirement

Cox Enterprises

Voya Financia

Advisor Group

International energy trading company

Goldman Sachs Middle Market Lending Corp.

Garrison Capital

Deutsche Börse

MSouth Equity Partners

USA Television Holdings

Work highlights

  • Represented Empower Retirement, the nation’s second-largest retirement plan recordkeeper by total participants, in entering into a definitive agreement to acquire the retirement services business from Massachusetts Mutual Life Insurance Company.
  • Serving as lead adviser on the $3.1bn sale of Cox Media Group’s broadcast television stations, as well as its Dayton, Ohio newspaper, radio and TV properties to a new broadcasting company that is substantially owned by private equity funds managed by affiliates of Apollo Global Management.
  • Advising Advisor Group on its $1.3bn merger with Ladenburg Thalmann to create a wealth management industry leader.

Fenwick & West LLP

Fenwick & West LLP has a strong transactional tax practice, which is a key component of the firm's broader ability to service its corporate client base. Contacts in the team include David Forst, and James Fuller, both of whom are based in Mountain View, California.

Hogan Lovells US LLP

Hogan Lovells US LLP’s full-service tax practice is especially active in the fields of technology, pharmaceuticals, auto manufacturing and TMT. The team is led by Siobhan Rausch, wha has deep experience acting for tax-exempt organizations. Other key contacts include Cristina Arumi, a seasoned REIT specialist, and Jasper Howard, who has experience structuring and executing a broad range of transactions. Josh Scala is based in Silicon Valley, and is recommended for advising real estate and private equity clients on the tax aspects of commercial transactions. All named lawyers are based in Washington DC unless stated otherwise.

Practice head(s):

Siobhan Rausch

Other key lawyers:

Cristina Arumi; Jasper Howard; Josh Scala

Testimonials

‘Hogan’s tax team is responsive and flexible which makes working with them very easy. I appreciate how they’ve gotten to know our preferences and work those into the legal agreements up front. I also enjoy their pleasant demeanor and client-first approach.’

‘Christine Lane is a great M&A tax partner who is very responsive and provides great service! Cristina Arumi is also a great M&A tax partner who is able to cut through the noise and focus on what’s important. David Steenburg has been a solid member of Christine’s team as well.’

Key clients

Dell

Ford

Intel

Marvell

Arm Limited

QTS Realty Trust

Adobe

Industrial Property Trust

Park Hotels & Resorts

Public Storage

Work highlights

  • Representing Marvell Technology Group, a publicly traded leader in infrastructure semiconductor solutions, in its approximately $9bn acquisition of Inphi Corp., a publicly traded high-speed data movement platform.
  • Advising Arm Limited (Arm) on all aspects of the $40bn sale of Arm to NVIDIA Corporation.
  • Representing The Special Committee of Carey Watermark Investors 1 on its all-stock merger with Carey Watermark Investors 2 to form Watermark Lodging Trust, a $4.6bn non-traded REIT with increased scale and operating efficiencies.

Jones Day

Jones Day is experienced in all manner of M&A and private equity matters for clients in the areas of energy, aviation, consumer goods and life sciences. Other key department strengths include Chapter 11 debtor representation, corporate financing and federal tax planning, particularly for life sciences companies. The team is jointly led by Washington DC-based Joseph Goldman and Edward Kennedy in New York. Goldman regularly represents life sciences and tech-sector clients in M&A and post-acquisition tax matters, while Kennedy concentrates on investment structuring for a range of blue-chip companies, private equity groups and hedge funds. Names to note on the more junior level include associates Christopher Hanfling and Kelly Rubin, in Washington DC and Dallas, respectively.

Practice head(s):

Joseph Goldman; Edward Kennedy

Other key lawyers:

Christopher Hanfling; Kelly Rubin

Key clients

Cleveland Cliffs, Inc.

Newell Brands, Inc.

PolyOne Corporation

Westinghouse Air Brake Technologies Corporation (Wabtec)

ACI Worldwide, Inc.

Korean Air Lines

Laureate Education

Sun Power Corporation

Procter & Gamble

Verint Systems

Work highlights

  • Acting as lead tax counsel for Laureate Education, providing advice on both day-to-day planning, and serving as special tax counsel for strategic tax planning on internal restructurings and various dispositions.
  • Advising Korean Air Lines Co. on its securitization of US air cargo receivables.
  • Representing Verint in the billion-dollar tax-free spinoff of its cyber intelligence business, expected to close in early 2021.

Milbank

The team at Milbank stands out in particular for its expertise in major bankruptcies and associated restructurings. Headed up by Russell Kestenbaum, the department has represented ad hoc creditor committees on some of the most impactful bankruptcy proceedings for major American retailers, financial institutions, and energy companies. The team is also experienced in handling M&A, capital markets transactions, project financings and executive compensation matters for transactions in the aerospace, transportation and telecoms sectors. Andrew Walker has a strong track record in capital markets and structured finance transactions. Eschi Rahimi-Laridjani is another name to note for financing transactions, financial products, derivatives and securities offerings, while Max Goodman is recognized for his experience in M&A. All named lawyers are based in New York.

Practice head(s):

Russell Kestenbaum

Other key lawyers:

Andrew Walker; Eschi Rahimi-Laridjani; Max Goodman

Testimonials

‘Experts in advising on tax issues associated with distressed businesses on behalf of debtors and investors in distressed credit. They bring exceptional experience to the table and provide unique value in the specialized area of corporate restructurings.’

‘Russ Kestenbaum is a leading lawyer in tax issues faced in restructurings. His advocacy is strengthened by his experience, thoughtfulness and methodical nature.’

‘Milbank tax is very commercial. There is a tendency among transactional tax attorneys to be overly formal in their analysis and advice, but Milbank’s group has a better understanding of real-world circumstances.’

‘Eschi Rahimi-Laridjani is our main contact there. She’s very responsive, always reasonable in her advice and approach, and has conducted trainings for our business team on relevant tax issues. An excellent partner.’

Key clients

Ares

Platinum Equity

Cencosud Shopping S.A

Eldorado Resorts, Inc.

Garrison Investment Group

Bank of America Merrill Lynch

HPS Investment Partners

JP Lease Products and Services and Stratos Aircraft Management

Goldman Sachs Merchant Banking Division

PKA and PenSam

EIR

United States Steel Corporation

Morrison & Foerster LLP

The team at Morrison & Foerster LLP has continued to grow its reputation, acting for blue-chip corporations, financial institutions, venture capital groups and real estate companies in a range of transactions and advisory mandates. Headed up by federal tax chair Anthony Carbone in New York, the team regularly handles M&A, capital markets transactions, and public and private REIT deals. Also in New York, Jay Blaivas concentrates on REIT taxation and opportunity zone fund formation. In the San Francisco office, Bernie Pistillo advises on the tax aspects of a variety of corporate transactions, restructurings, and spin-offs. Shane Shelley is a name to note for federal income tax matters in San Diego. Of counsel David Sturgeon  joined the New York office from Wachtell, Lipton, Rosen & Katz.

Practice head(s):

Anthony Carbone

Other key lawyers:

Jay Blavias; Bernie Pistillo; David Sturgeon; Shane Shelley

Testimonials

‘Very practical and timely advice. Not excessively academic, but provides advice that is approachable to those that are not tax experts.’

‘Shane Shelley has been incredibly proactive, responsive and practical when providing advice.’

‘Very responsive with practical advice on complex matters.’

‘Shane Shelley is  practical and responsive. Able to weigh recommendations against market practice.’ 

‘Immediately and deeply knowledgeable; commercially aware/sensitive and consequently provides relevant and applicable advice; amenable and open professional approach that fosters good client relations; reliable advice when tested.’

‘Bernie Pistillo a stand-out lawyer.’

‘Very competent, personable and responsive.’

‘Shane Shelley is simply one of the most competent tax attorneys in the REIT space.’

‘Superb team with excellent technical knowledge and business-oriented advice ’

‘Superior technical knowledge with business-oriented advice.’

Key clients

SoftBank Group Corp.

Visa

SoundCloud Limited

Piper Sandler Companies

Carter Validus Mission Critical REIT II, Inc.

Adicet Bio, Inc.

Deutsche Bank Securities Inc.

Ad hoc group of first lien noteholders of Sanchez Energy Corp.

Sprint Corp.

Steadfast Apartment REIT, Inc.

Barclays Capital Inc.

Temasek Holdings Pte Ltd / Elbrus Investments Pte. Ltd

Alexandria Real Estate Equities, Inc.

Broad Street Realty, LLC

Norton Rose Fulbright

With a solid on-the-ground presence in New York and Texas, Norton Rose Fulbright is well placed to handle work for a diverse range of private equity firms, infrastructure developers, high-net-worth-individuals and energy providers; energy in particular is an area of focus for the group. The sizeable team is co-chaired by Houston-based tax controversy specialist Robert Morris and New York-based William Cavanagh, who concentrates on structuring and negotiating M&A deals, spin-offs, project finance transactions, and securities offerings. Other names to note in New York include David Burton, an expert in renewable energy taxation, and Michael Flamenbaum, who co-heads the asset and wealth management group.

Practice head(s):

Robert Morris; William Cavanagh

Other key lawyers:

David Burton; Michael Flamenbaum

Testimonials

‘David Burton has exceptional knowledge and experience in tax equity transactions.’

Key clients

ExxonMobil Chemical Company

The Araz Group, Inc. (d/b/a HealthEZ)

Noble Drilling

Cypress Creek Renewables

Marsh & McLennan Companies Inc.

Shell Oil Company

Baker Hughes Incorporated

HP, Inc.

Bluescape Resources

Flotek Industries, Inc.

Work highlights

  • Representing Montage Resources Corporation in its all-stock sale to Southwestern Energy Company for $1.05bn, in a transactions forming the third-largest (by acres leased) oil and natural gas producer in the Appalachian Basin.
  • Representing the sponsors in the debt and tax equity financing and hedging arrangements for the acquisition of 93% of the equity in the Escalade wind farm in Texas.
  • Advising Pharmaceutical Strategies Group (PSG), the largest independent pharmacy benefit consulting firm in the US, on the sale of PSG’s 340B Link business to Omnicell, Inc.

O'Melveny & Myers LLP

O'Melveny & Myers LLP is active on both US coasts, though it has an especially strong presence in California, where it handles tax mandates in the areas of tech and venture capital, media, entertainment and film financing. In addition, renewable energy is an increasing source of work for the team, which is increasingly involved in transaction structuring and tax equity financings for renewables projects. Newport Beach-based Jeff Walbridge heads up the practice group. Other key California contacts include film industry expert Robert Blashek in Century City, and Robert Fisher and Billy Abbott, both of whom handle a range of transactional and structuring matters from the Silicon Valley office. Names to note in New York include Alexander Anderson, Arthur Hazlitt, and counsel Alexander Roberts.

Practice head(s):

Jeff Walbridge

Other key lawyers:

Robert Blashek; Billy Abbott; Alexander Anderson; Arthur Hazlitt; Alexander Roberts

Testimonials

‘Alex Anderson is top notch, He has helped solve many complicated deal driven and structural issues. He is also super-attentive and a pleasure to work with.’

Key clients

Apollo Management

American Honda Finance Corporation

Air Lease Corporation

Edwards Lifesciences Corporation

First State Investment

Kayne Partners

Lions Gate Entertainment

Oaktree Capital Management

Ontario Teachers’ Pension Plan Board

Warner Bros.

Work highlights

  • Representing Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the agents, in connection with AvalonBay Communities, Inc.’s public offering of $700m aggregate principal amount of its 2.30% Medium Term Notes due 2030.
  • Guiding the underwriters, led by Bank of America Securities, Morgan Stanley, MUFG, RBC Capital Markets, SG Americas, and TD Securities, on a registered global notes offering of over $4bn in debt note offerings for Toyota Motor Credit Corporation.

Orrick, Herrington & Sutcliffe LLP

Orrick, Herrington & Sutcliffe LLP is regularly sought out by leading companies and financial institutions to act as a special tax counsel on highly technical matters pertaining to acquisitions, divestitures, joint ventures and financings. Other key department strengths include UPREITs, tax equity financings for renewable energy projects, and tax-exempt public finance deal structuring. The deep bench of practitioners is co-chaired by New York-based Peter Connors and John Narducci, and San Francisco-based public finance expert Chas Chardall. Other key contacts in the team include Eric Wall and George Wolf in San Francisco.

Practice head(s):

Chas Cardall; Peter Connors; John Narducci

Other key lawyers:

Eric Wall; George Wolf

Testimonials

‘What makes this team unique is its knowledge of the client’s business and ability to provide legal advice that clients can understand and use.’

‘Peter Connors is well-versed in terms of the taxation of financial products and financial institutions.’

Key clients

Cisco Systems

Fisker Inc.

Gallo Winery

Emily T. Andrews 1987 Revocable Trust

Public Energy Authority of Kentucky

OjO Electric, LLC

Black Belt Energy Gas District

Trimble

Bayer

Tennergy Corporation

Excelsior Energy Capital

Credit Suisse

Veolia

Azimut

General Electric

Macquarie Group

Clearway Energy

Calbee

US Wind, Inc.

Arclight Capital Partners, LLC

Advent International

ANI Pharmaceuticals

Shopify Inc.

Bank of America

Energy Infrastructure Fund

Eurus

JPMorgan Chase & Co.

Morgan Stanley

Societe Generale

Paystack

Teachable

Swoop.com Inc.

Jefferies LLC

Ygrene Energy Fund

Open Road Alliance

Rocket Pharmaceuticals, Inc.

WGL Midstream, EIF Vega Midstream, Cabot Oil & Gas Corp and Vega Energy

MP Group LLC

Vostok New Ventures

Aflac

Basin Electric

Toyota Motor Company

8minute

Steptoe & Johnson LLP

Steptoe & Johnson LLP’s Washington DC base and strong roster of seasoned regulatory and legislative specialists make it a firm of choice for clients seeking advice on the various implications of federal legislative and regulatory tax developments. Numerous high-net-worth individuals, blue-chip corporations and financial services providers regularly turn to the team both for its tax advisory and transactional expertise, with recent highlights including major acquisitions, combinations, IPOs, and structured opportunity zone investments. The practice is jointly led by Philip West, Bob Rizzi and Lisa Zarlenga, who have a wealth of federal income taxation expertise between them. Mark Silverman is also recommended.

Practice head(s):

Phil West; Bob Rizzi; Lisa Zarlenga

Other key lawyers:

Mark Silverman

Testimonials

‘The team is seasoned, experienced and very competent. There are very few professionals in the tax field that can represent clients as well as this team.’

‘Lisa Zarlenga is a star! Her experience at Treasury sets her apart from most others.’

Work highlights

  • Advising several clients on tax policy issues in front of Congress and Treasury, including advising on impacts of legislative and regulatory developments as well as advocating for legislation and changes to Treasury guidance.
  • Representing several high-net-worth individuals and families, including those ranked as among the Top 100 wealthiest individuals in the world.

Vinson & Elkins LLP

Best known for its work in the energy sector, Vinson & Elkins LLP assists conventional and renewable providers with a range of corporate transactions including acquisitions, the formation of MLPs, divestitures and bespoke SPAC structured offerings. In addition to its energy sector work, the firm regularly advises major companies, asset management firms and real estate players. The team is led from the Houston office by George Gerachis, a veteran practitioner who acts for high-net-worth individuals, REITs and corporations in spin-offs, divestitures, joint ventures and financing arrangements. John Lynch, also based in Houston, concentrates on the federal tax aspects of energy and infrastructure transactions. David Peck and Wendy Salinas, both based in Dallas, are noted for their wide-ranging experience in fund formations and debt and equity financings. Washington DC-based Gary Huffman focuses on transactions and tax planning for partnerships and natural resources companies.

Practice head(s):

George Gerachis

Other key lawyers:

John Lynch; David Peck; Wendy Salinas; Gary Huffman

Testimonials

‘The team is very experienced, thoughtful and commercially savvy. They are a pleasure to work with due to their constructive and creative lawyering.’

‘Wendy Salinas is an outstanding partner at Vinson & Elkins. She is knowledgeable and effective at tax planning and issue spotting for her clients. Wendy comes up with creative solutions to difficult legal issues and maintains an unflappable demeanor under pressure.’

Key clients

Southwest Airlines Co

Parsley Energy, Inc.

Buckeye Partners, L.P.

Switchback Energy Acquisition Corporation

Rayonier

Blackstone Infrastructure Partners

Spartan Energy Acquisition Corp.

Felix Energy

Noble Energy

NorthStar Realty Europe Corp

HighPeak Energy Partners, LP

Tortoise Acquisition Corp.

Unit Corporation

Rice Acquisition Corp.

Preferred Apartment Advisors, LLC

Renewable and Sustainable Energy Fund of The Carlyle Group

Enviva Partners

Global Medical REIT Inc.

Work highlights

  • Advised Southwest Airlines Co. on a series of financings including CARES Act funding as well as three registered securities offerings raising a total of $16bn to-date in 2020.
  • Representing Parsley Energy, Inc. in a definitive agreement with Pioneer Natural Resources Company for Pioneer to acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5bn.
  • Serving as special tax counsel to Buckeye Partners, L.P. in the $10.3bn acquisition of Buckeye by IFM Investors for $41.50 per common unit.

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz is active in a range of corporate and commercial transactions. Jodi Schwartz is recognized for her experience in handling the tax aspects of cross-border M&A, joint ventures, spin-offs and financial instruments, while Deborah Paul concentrates on M&A and private equity buyouts in a variety of industry sectors.

Winston & Strawn LLP

Winston & Strawn LLP’s tax practice is particularly noted for handling tax planning matters for private equity funds. New York-based Robert Heller and Chicago-based Olga Loy jointly head up the team, which handles an array of middle-market M&A deals, SPACs, REITs, dispositions and capital markets transactions. Loy is renowned for her representation of SBICs, while Heller is noted for his focus on strategic joint ventures and corporate and partnership transactions. Also in Chicago, Dennis Kelly is a key contact for structured finance and project finance matters. Dallas-based Andrew Betaque is also recommended.

Practice head(s):

Robert Heller; Olga Loy

Other key lawyers:

Dennis Kelly; Andrew Betaque

Testimonials

‘The firm has deep technical knowledge base and is able to analyze complex facts efficiently and ask the right questions to get the appropriate tax analysis and conclusion.’

‘Olga Loy is outstanding partner with deep technical tax knowledge, effective administration of client matters, billing transparency including adherence to budgets and bringing the appropriate individuals with the technical expertise on to client matters.’

Key clients

Boxwood Merger Corp.

Brooklyn Navy Yard Cogeneration Partners, L.P.

Canadian National Railroad

Column Group LLC

DraftKings Inc. (formerly Diamond Eagle Acquisition Corp.)

FAGE International

Federal-Mogul Corporation (Icahn Enterprises)

Hunter Douglas

LendLease Americas

Morningstar, Inc.

Nicolas Berggruen Charitable Trust

PetIQ

Renaissance Technologies/Medallion Fund

Reyes Holdings, L.L.C.

Revelstoke Capital Partners

RiverGlade Capital Partners

SBIC Funds

VMG Partners

Water Street Healthcare Partners

Work highlights

  • Represented Diamond Eagle Acquisition Corp., a SPAC, and its sponsor in its business combination transaction with DraftKings Inc.
  • Represented VMG Partners in the sale of Quest Nutrition to The Simply Good Food Company, involved structuring to maximize tax efficiency for VMG’s disparate investment base, including foreign and tax-exempt investors.
  • Represented Boxwood Merger Corp., a publicly-traded SPAC, in its business combination with Atlas Intermediate Holdings LLC.

Baker Botts L.L.P.

Boasting an exceptional reputation in Houston, Baker Botts L.L.P. is well placed to handle the tax aspects of a huge range of deals in the energy sector; both conventional and renewable. Led by deputy chair Derek Green, the team regularly handles major M&A transactions, debt financings, private equity investments and reattributions. It has also developed experience in bankruptcies and restructurings are also a core strength. Husseini has broad expertise in federal tax planning, while Green is noted in particular for his work in the energy sector, particularly in the area of oil and gas. Energy capital markets lead Michael Bresson and Dallas office head Steve Marcus are also recommended. Since publication Richard Husseini has left the firm.

Practice head(s):

Derek Green

Other key lawyers:

Michael Bresson; Steve Marcus

Testimonials

‘The firm provides timely, thorough, and practical advice. They become part of your team and understand your company’s specific issues.’

‘The professionalism of Baker Botts is just above and beyond its competitors. The research, the writing, and overall work product is just impeccable. During the course of an M&A deal, the advice is timely and on-point.’

Key clients

Liberty Media Corporation

Sunnova Energy Corporation

Schlumberger Limited

CenterPoint Energy, Inc.

Liberty Latin America Ltd.

Summit Midstream Partners, LP

Cheniere Energy, Inc.

Halliburton Company

Noble Corporation PLC

Bristow Group Inc.

Hines Interests Limited Partnership

Work highlights

  • Advising GCI Liberty, Inc. on the $8.7bn pending acquisition by Liberty Broadband.
  • Advised Carrizo Oil & Gas, Inc. on the $2.7bn merger with Callon Petroleum Company.
  • Advised BP on the sale of all its Alaska operations and interests to Hilcorp Alaska for $5.6bn.

Baker McKenzie LLP

Baker McKenzie LLP advises an impressive roster of corporate clients and asset management firms on the tax aspects of high-value transactions, commercial agreements, and tax structuring and planning matters. The sizeable team has offices across the country; North American tax practice head Melinda Phelan manages the group from Dallas, alongside Jeff Maydew and Rafic Barrage, who work from Chicago and Washington DC, respectively. Maydew is known for his representation of multinational organizations in all manner domestic tax planning matters, while Barrage focuses on transactions and structuring matters in the hi-tech, pharmaceutical and life sciences sectors. Washington DC-based Christine Solan has significant experience in acquisitions and bankruptcies. TMT tax expert Erik Christenson is a key contact in San Francisco.

Practice head(s):

Melinda Phelan; Jeff Maydew; Rafic Barrage

Other key lawyers:

Christine Solan; Erik Christenson

Key clients

Bristol Myers Squibb Company

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Lundbeck A/S

Merck & Co., Inc.

PEAK Games

The Boeing Company

Weatherford International Plc

Work highlights

  • Providing tax advice re: BMS’s acquisition of Celgene Corporation, which was completed for $74bn, and subsequent disposal of the drug Otezla to Amgen Inc. for around $13bn.
  • Advising Merck on the tax, as well as employment and related corporate aspects, of the spin-off of their Women’s Health, trusted Legacy Brands, and Biosimilars businesses.
  • Providing US federal tax representation to Weatherford International Plc in relation to its Chapter 11 bankruptcy and related financial restructuring.

DLA Piper LLP (US)

Working closely with the firm’s corporate and real estate practices, DLA Piper LLP (US)’s integrated tax group advises on a wide range of transactional and advisory tax services. The practice group is jointly chaired by Gerald Rokoff, a go-to advisor for clients in the areas of media, sports, entertainment and asset management; and Silicon Valley-based M&A specialist Stacy Paz. The firm runs a truly full-service tax practice, with regular involvement in acquisitions, divestitures, fund formations, IP migration, APAs, transfer pricing agreements and tax structuring mandates for high-net-worth individuals; it has also enjoyed a spate of SPAC mandates of late. Also recommended is Drew Young, who handles both federal and SALT matters. Named lawyers are based in New York unless stated otherwise.

Practice head(s):

Gerald Rokoff; Stacy Paz

Other key lawyers:

Drew Young

Key clients

DT Holdings, Inc.

Q2 Holdings, Inc.

BigCommerce

SolarWinds Corporation

GuidePoint Security

Baird Capital Partners

Twin Point Capital

The Hut Group Limited

ReMed Recovery Centers

First Solar, Inc.

Act II Global Acquisition Corp. (NASDAQ: ACTT)

Haymaker Acquisition Corp. II (NASDAQ: HYAC)

Pelican Ventures

AS Roma SPV, LLC

Stack Infrastructure, Inc.

APA

Concord

Work highlights

  • Advised Haymaker Acquisition Corp. II, a publicly traded special acquisition company, on a definitive agreement for a business combination with GPM. the seventh-largest convenience store chain in the US, and ARKO Holdings Ltd, an Israeli public holding company whose primary asset is a controlling stake in GPM.
  • Advised AS Roma SPV, LLC, the majority shareholder of Italian soccer club AS Roma, on the sale of its controling interest in the team and certain related assets to The Friedkin Group, Inc., in a transaction valued at €591m.
  • Advised Docutech, a leading provider of document, eClose and fulfillment technology for the mortgage industry, on its $350m sale to First American Financial, a global provider of title insurance, settlement services and risk solutions for real estate transactions.

Goodwin

Goodwin’s tax department works closely with the firm’s corporate team, handling taxable and tax-free M&A, divestitures, joint ventures and recapitalizations for a number of leading entities in the pharmaceutical, tech, real estate, and financial services sectors. Practice head Neal Sandford is recommended for large-scale commercial agreements and corporate structuring, bringing experience in REIT formation, joint ventures, and corporate and partnership restructurings. Other key figures include Howard Cubell, a name to note for private equity deals, and Edward Glazer, a real estate capital markets specialist. Janet Andolina chairs the New York office. Romina Weiss joined the team from Gibson, Dunn & Crutcher LLP in December 2019. All named lawyers are based in Boston unless stated otherwise.

Practice head(s):

Neal Sandford

Other key lawyers:

Howard Cubell; Edward Glazer; Janet Andolina; Romina Weiss

Testimonials

‘Strong REIT and state tax partners.’

‘Kelsey Lemaster is our REIT Tax Counsel. He is technically superior to many REIT tax lawyers, he is great with customer service, he is practical and is creative.’

Key clients

Alnylam Pharmaceuticals

AMAG Pharmaceuticals

Bregal Sagemount

Hearst Corporation

Immatics, N.V.

ModernaTX, Inc.

RPT Realty

TA Associates

Urban Catalyst

Zoox, Inc.

Work highlights

  • Acting as counsel to Zoox in $1bn acquisition by Amazon.
  • Representing Kabbage in its sale of team and full suite of technology products, data platform, and IP to American Express.
  • Advising RPT Realty on the formation of a new joint venture with GIC Private Limited, Singapore’s sovereign wealth fund. Goodwin advised on the tax components of this transaction.

Hunton Andrews Kurth LLP

Hunton Andrews Kurth LLP is recognized for its thorough national coverage and its deep bench of experienced practitioners. In particular, the tax group is noted for its expertise in structured finance and securitization. Houston-based Tom Ford and Richmond-based Cecelia Phillipps Horner co-chair the department, which regularly handles transactions for financial institutions, renewable energy suppliers, hedge funds, private equity groups, and tax-driven entities like MLPs and REITs. It has also been involved in a number of bankruptcies and restructurings of late. Houston-based Robert McNamara is a key figure for energy sector deals, while Kendal Sibley in Rishmond focuses on REIT taxation, asset securitization and investment funds.

Practice head(s):

Tom Ford; Cecelia Philipps Horner

Other key lawyers:

Robert McNamara; Kendal Sibley

Testimonials

‘The practice is particularly strong in taxation related to REITs and funds.’

‘George Howell is an industry expert in REITs. He is always available and offers cogent advice.’

Key clients

Wells Fargo Bank, N.A.

Angelo Gordon & Co., L.P.

MFA Financial

Annaly Capital Management

Chimera Investment Corporation

Government National Mortgage Association (Ginnie Mae)

Citigroup Global Markets Inc.

PG&E Corporation

NextEra Energy Capital Holdings, Inc.

Consolidated Edison, Inc.

Duke Energy Corporation

Work highlights

  • Representing various issuers in a continuing program of QM and non-QM REMIC securitizations as well as a number of debt for tax financing transactions of performing, re-performing and non-performing mortgage loans.
  • Advising PG&E Corporation and its utility subsidiary Pacific Gas and Electric Company in connection with various debt issuances and bank financings in connection with the clients’ exit from Chapter 11 proceedings.
  • Provided tax advice in connection with the representation of Chimera Investment Corporation as issuer’s counsel in a public follow-on offering of 7.00% Convertible Senior Notes, due in 2023.

Linklaters LLP

Acting for some of the largest financial institutions and asset managers in the market, Linklaters LLP’s full-service tax practice has experience in a full range of tax matters, from acquisitions and public and private financing transactions, to fund formations and corporate restructurings. The practice is jointly led by Washington DC-based David Brockway and Andrew Morris in New York. Brockway is recommended for international tax planning mandates, while Morris is noted for handling federal tax matters for private equity firms and multinational corporations. Counsel Max Levine is also recommended in New York.

Practice head(s):

David Brockway; Andrew Morris

Other key lawyers:

Max Levine

Key clients

Kohlberg Kravis Roberts & Co. L.P. (“KKR”)

SoftBank

Barings

Deutsche Bank

Round Hill Capital

ASSA ABLOY

Citigroup Inc.

Allianz SE

Partners Group AG

Sibanye

Miller & Chevalier Chartered

Based in Washington DC, Miller & Chevalier Chartered has a very strong reputation for tax policy issues and advisory mandates. Acting for multinational corporations, partnerships, S-corporations and privately held companies, the team consistently stands out for its transfer pricing and tax planning work, but is also fully capable of assisting with the tax issues arising from corporate reorganizations and financial products. The team is chaired by Kevin Kenworthy, who concentrates chiefly on tax controversy work. Vice chair Layla Asali advises on federal income tax matters relating to M&A, IP transactions, and financings. Other names to note include Rocco Femia, who regularly works with multinational corporate clients on tax treaty issues, transfer pricing, and planning; and federal tax policy specialist Marc Gerson.

Practice head(s):

Kevin Kenworthy; Layla Asali

Other key lawyers:

Rocco Femia; Marc Gerson

Key clients

Shee Atiká, Inc.

T-Mobile US, Inc.

Freeport McMoRan Inc.

Semiconductor Industry Association

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP acts for major private equity funds and asset managers in fund formations, corporate transactions, securitizations, bankruptcy proceedings and debt financing matters. The firm’s reputation in the area of alternative investment funds sees the tax team routinely advising market-leading investment firms on the tax structuring aspects of blockchain and crypto-currency fund formations. The team is jointly led by Alan Waldenberg and Shlomo Twerski, both of whom are experienced in all manner of corporate and financing transactions, acting for trading companies and fund managers. Philippe Benedict is also recommended in the investment fund space. All named attorneys are based in New York.

Practice head(s):

Alan Waldenberg; Shlomo Twerski

Other key lawyers:

Philippe Benedict

Testimonials

‘SRZ is a very strong firm when it comes to advice hedge funds. They have a deep bench of partners with a lot of experience in this space.’

‘The firm counts with one of the most preeminent tax lawyers in Manhattan, Alan Waldenberg, who has a wealth of experience in advising hedge funds on their international tax affairs. On the corporate side of things, partner Robert Loper stands out for his clear and precise advice on any corporate or contractual issue.’

‘The tax team at SRZ has very strong connections to hedge funds and private equity firms, thus making them one of the salient experts in the taxation of these entities and their partners at US and international levels.’

‘Alan Waldenberg is a star in dealing with the international tax issues arising from the investments made by hedge funds abroad. He has a wealth of experience in dealing with a wide variety of tax problems in different countries over the years.’

‘The SRZ tax group has a very capable team at all levels providing their advice on all tax, regulatory and business matters in the financial services industry. They have up and coming talent and expertise that I have not found in other firms providing practical and thoughtful advice.’

‘Shlomo Twerski is extremely knowledgeable in financial services tax law, in particular private equity and alternative investments. He is well versed in current legislation as well as emerging trends and issues. Shlomo has the ability to explain complicated matters in layman terms and provides practical solutions from a tax, investor and business perspective.’

Key clients

Albertsons Companies

Cerberus Capital Management

Elliott Management

Fortress Investment Group

JANA Partners

Marlin Equity Partners

Pantera Capital Management

Trian Fund Management

Veritas Capital

Sullivan & Worcester LLP

Sullivan & Worcester LLP’s Boston-based tax department acts for some of the largest public and private REITs in the market. The team is also sought out by a number of private investment funds and multinational corporations for advice on various state and local tax matters, including acquisitions, joint ventures, and securities offerings. The practice is jointly led by Ameek Ashok Ponda, a REIT structuring expert, and Richard Jones, who concentrates on state tax litigation and transactional planning. Irina Pisareva joined the team in October 2020 from EY and is noted for her experience in private equity transactions.

Practice head(s):

Ameek Ashok Ponda; Richard Jones

Other key lawyers:

Irina Pisareva

Testimonials

‘Extensive tax knowledge of REIT, pragmatic, problem solving attitude, responsive, value added advisory minded, etc.’

‘Ameek Ponda, Paul Decker, Brian Hammell, David Kaplan, David McLaughin These are the individuals I worked with the most. They are all professional, competent, knowledgeable, responsive.’

‘Problem solving oriented, value added service mindset, practical, reasonable, technical, and agile.’

Key clients

American Tower Corporation

Broadstone Group LLC

Equinix, Inc.

Halo2Cloud

Service Properties Trust

Industrial Logistics Properties Trust

Iron Mountain Incorporated

Manulife US REIT

Office Properties Income Trust

Diversified Healthcare Trust

WPT Industrial REIT

Zayo Group Holdings, Inc.

Work highlights

  • Provided REIT tax advice to EQIX on various securities offerings, including $5.4bn of senior notes and $1.5bn of common stock.
  • Continued representation of Broadstone in connection with the 2021 Summer Olympic Games in Tokyo and the 2028 Summer Olympic Games in Los Angeles.
  • Represented ILPT in connection with its $680m joint venture with an Asian institutional investor for a select portfolio of 12 of ILPT’s mainland US properties.

Thompson & Knight LLP

With a strong presence across Texas, Thompson & Knight LLP is recognized for its core expertise in the energy sector, historically in the area of oil and gas, but increasingly in the renewables space. Led by Dallas-based Todd Keator, the team handles myriad corporate tax matters for clients in the energy and utilities, natural resources, banking and private equity segments. Also in Dallas, Dean Hinderliter is noted for his experience of REMICs and debt restructurings. Contacts in the Houston office include energy and private equity specialist Roger Aksamit and Louis Jenull, a name to note for solar and wind tax equity investments.

Practice head(s):

Todd Keator

Other key lawyers:

Roger Aksamit; Dean Hinderliter; Louis Jenull

Key clients

Natural Gas Partners (NGP)

Petro Waste Environmental

Tailwater Capital

Gaedeke Group

Black Mountain Oil & Gas / Black Mountain Sand / Black Mountain Global Link

Oilfield Water Logistics, LLC

Martin Timber Company

Silver Hill Energy Partners LLC

Stabilis Energy, LLC

Work highlights

  • Providing tax advice to Gaedeke Group, a Dallas-based real estate firm, in connection with the $200m purchase of 44 Wall Street in New York City.
  • Advising Tailwater Capital, an energy-focused private equity firm, on tax and ERISA issues in connection with the closing of Tailwater Energy Fund IV LP with $1.1bn in capital commitments.
  • Advising Oilfield Water Logistics, LLC on tax and ERISA issues in connection with the sale of its midstream water infrastructure and services business to InstarAGF Asset Management Inc. and its Canadian and international co-investors.

Willkie Farr & Gallagher LLP

The team at Willkie Farr & Gallagher LLP advises on the tax aspects of various deals for clients in financial services, insurance and private equity. Headed up by Christopher Peters in New York, the tax department works closely with the firm’s corporate, real estate, and restructuring practice groups on a range of acquisitions, divestitures and Chapter 11-related proceedings. Peters is noted for his broad transactional experience, particularly for clients in tech, insurance, and asset management. Houston-based Robert Jacobson focuses on industrial business and energy sector work, especially oil and gas exploration, and midstream activities.

Practice head(s):

Christopher Peters

Other key lawyers:

Robert Jacobson

Testimonials

‘Multi disciplinary approach, excellent understanding of the economics of a transaction or a deal, global-international understanding of multi jurisdictional transactions and deal’

‘Christopher Peters: Sparring partner with the ability to look at complex transactions, restructurings and deals with a holistic bird eyes view, ability to assess multi disciplinary US and global tax aspects.’

Key clients

AIG / American General Life Insurance Company

Blackstone

Court Square Capital Partners

FFL Partners

Franklin Templeton

Insight Partners

MetLife, Inc.

The Sterling Group

Voya Financial

Arnold & Porter

Arnold & Porter’s tax team routinely handles M&A, venture capital and private equity fund formations, mezzanine financings and restructurings for a number of leading asset managers, financial institutions, pharmaceutical companies, and non-profit foundations. The practice is jointly led by Laurie Abramowitz and James Joseph, based in New York and Washington DC, respectively. Abramowitz has broad tax planning expertise in the life sciences and financial services sectors, while Joseph primarily advises tax-exempt organizations on business ventures, structuring and governance matters. Further names to note in DC include Joseph Howe, a REIT specialist, and Bridget Weiss, who advises various not-for-profits on tax, corporate, and regulatory matters.

Practice head(s):

James Joseph; Laurie Abramowitz

Other key lawyers:

Joseph Howe; Bridget Weiss

Key clients

American Securities LLC

Onex Corporation

Novartis

DC Capital Partners

Jefferies Group LLC

Verus Investment Partners (fka Uni-World Capital)

Prospect Hill Growth Partners (fka J.W. Childs)

Highgate Capital Management LLP

Gravity Midstream LLC

Potash Corporation of Saskatchewan Inc.

NexPhase Capital

Sheryl Sandberg & Dave Goldberg Family Foundation

Chan Zuckerberg Biohub

Time’s Up Now/Time’s Up Foundation

Goldman Sachs Foundation

Markle Foundation

Education Credit Management Corporation

Lieber Institute for Brain Development

In-Q-Tel

James Beard Foundation

New Venture Fund

Bracewell LLP

Bracewell LLP’s distinctive energy sector focus is reflected in the firm’s broad roster of supplier and project development clients, both in the conventional power and renewable energy sectors. New York-based department chair Elizabeth McGinley leads the team which regularly handles corporate transactions, private investment fund formations, bankruptcies and commercial agreements. In Houston, key practitioners include firm-wide managing partner Gregory Bopp, a midstream and upstream specialist, and Todd Greenwalt, who concentrates on tax-exempt organizations. Don Lonczak, who has considerable experience in structuring renewable energy projects, joined the Washington DC office from Baker Botts L.L.P. in July 2020.

Practice head(s):

Elizabeth McGinley

Other key lawyers:

Gregory Bopp; Todd Greenwalt; Don Lonczak

Testimonials

‘Technically thorough–examines all possibilities and has a breadth of knowledge of US corporate and partnership tax.’

‘Liz McGinley is client focused and provides highest level of advocacy. As a client, you are definitely top priority regardless of size or complexity of transaction.’

Key clients

Kinder Morgan, Inc.

Apache Corporation

Philips 66

Global Infrastructure Partners Capital Solutions Fund

Brookfield Asset Management

Altus Midstream Company and Altus Midstream LP

AP Energy Holdings Inc. and South Field Energy LLC, affiliates of Advanced Power

COG Operating LLC, a subsidiary of Concho Resources Inc.

Blue Ridge Mountain Resources, Inc. (post-merger the company was renamed Montage Resources)

Pioneer Natural Resources Company

Halcón Resources Corporation

Matlin & Partners Acquisition Corporation

Pilot Travel Centers LLC

Prosperity Bancshares, Inc.

Allegiance Bancshares, Inc.

Sol Systems, LLC

Three Rivers Natural Resource Holdings IV LLC

Upper Bay Infrastructure Partners

City of Houston, Texas Airport System

Work highlights

  • Representing Kinder Morgan, Inc. in connection with the sale of the US portion of the Cochin Pipeline to Pembina Pipeline Corporation for $1.55bn.

Choate, Hall & Stewart

Choate, Hall & Stewart concentrates on the tax aspects of middle-market transactions including M&A, private equity and venture capital fund formations, LBOs, recapitalizations, carve-outs and capital raising. The team is led by Boston-based Louis Marett, a seasoned advisor for PE and VC funds and their portfolio companies. Olivier Léger is a name to note in the funds space, as is Timothy Becker, who handles structuring matters for private equity and venture capital funds. John Chambers and Kevin Sarro are also recommended.

Practice head(s):

Louis Marett

Other key lawyers:

Timothy Becker; Olivier Léger; John Chambers; Kevin Sarro

Testimonials

‘Choate provides excellent overall service. Responsiveness and general quality of service are top notch. They have a particular strength in delivering practical, real-world advice that properly takes into account risks, costs and benefits.’

‘Timothy Becker specializes in tax planning and advice, particularly for international matters involving investment into or from the United States, which often involves technology transactions.’

Key clients

TrueBridge Capital

BV Investment Partners

Serent Capital

New Heritage Capital

Sverica Capital

Pegasystems, Inc.

Cobepa S.A.

Aegis Treatment Holdings, LLC

Tetragon Financial Management

M/C Partners

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP’s tax group regularly advises on major M&A deals, debt issuances, and SPAC offerings for clients in the areas of financial services, capital management, aviation and media. The team is led by Andrew Braiterman, incumbent chair of the New York State Bar Association’s tax section, and a key figure in many of the firm’s aviation deals, alongside Alan Kravitz, who was recently promoted to partner. Spencer Harrison concentrates on executive compensation and tax-exempt organizations; Erin DeCecchis is also key contact for benefit and compensation matters. All named lawyers are based in New York.

Practice head(s):

Andrew Braiterman

Other key lawyers:

Alan Kravitz; Spencer Harrison; Erin DeCecchis

Key clients

Air Lease Corporation

Bluestar Alliance

BNP Paribas

CBS Corp.

CF Finance Acquisition Corp.

Kensington Capital Acquisition Corp.

Reverse Mortgage Investment Trust, Reverse Mortgage Funding, LLC

Sostena Inc.

Starboard Value

Turnitin (a subsidiary of Advance Publications)

United Airlines

Morris, Manning & Martin, LLP

Morris, Manning & Martin, LLP’s Washington DC-based practice is especially strong in the real estate sector, advising on a range of real estate tax mandates, including REITs and opportunity zone fund formations.  Developers, holding companies, and private equity firms are among the group's core clients. Department head Aresh Homayoun is experienced in a range of federal income taxation matters related to REITs, regulated investment companies, and flow-through entities. Recently promoted partner Matt Wochok has experience of M&A, divestitures, fund formations, and capital markets offerings.

Practice head(s):

Aresh Homayoun

Other key lawyers:

Matt Wochok

Key clients

RW Holdings NNN REIT

All Risks, Ltd

Garrett-Stotz Company

Trinity Benefit Advisors

HealthCare Services

Green Honey Studios

Sinmat Commercial, LLC

Sealy Strategic Equity Partners, LP

Pillsbury Winthrop Shaw Pittman, LLP

With offices across the country, Pillsbury Winthrop Shaw Pittman, LLP’s sizeable tax department is well positioned to act for clients including major corporations, investment banks, energy companies, and property developers on tax matters nationwide. Contacts in New York include James Chudy, who acts as firm-wide tax head, and Harsha Reddy, who is well regarded for his work in aviation finance and ABS. On the West Coast, San Francisco-based Julie Divola concentrates on federal income tax planning for corporate and finance transactions; Jorge Medina in Southern California focuses on integrated tax equity and tax credits for renewable energy providers; and San Diego-based Peter Elias works with the firm’s technology team on a range of tax-advantaged structuring matters. Michael Kosnitzky chairs the Miami office.

Practice head(s):

James Chudy; Harsha Reddy; Julia Divola; Michael Kosnitzky

Key clients

Tesla

CMS Energy

Plus Power, LLC

Chanel, Inc.

Allianz Global Investors

KDC Solar

Invitae Corporation

Bal Seal Engineering, Inc

Ernst & Young U.S. LLP

Inphi Corporation

JUUL Labs, Inc.

Klövern AB

Merrill Lynch Pierce Fenner & Smith Inc., BofA Securities, Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC

Mizuho Securities USA LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc

The Raine Group

Titan Aviation Holdings, In

ABHotels / Andre Balazs

Amazon.com, Inc.

AT&T

City National Bank of Florida

Electronic Arts

Former Casino and Hotel owner Stephen A. Wynn

Madison Square Boys & Girls Club

NextEra Transmission, LLC, a subsidiary of NextEra Energy, Inc.

Sandow Media

The Potamkin Group

Work highlights

  • Representing CMS Energy in the acquisition of a majority stake in the $1bn+ Aviator Wind project and the integration of the purchase into a tax equity transaction with Berkshire Hathaway for the largest single-phase and single-site onshore wind farm in the US.
  • Representing Bal Seal Engineering, Inc. in its sale to Kaman Corporation.
  • Assisting AB Hotel / Andre Balaz with the corporate restructuring of various real estate and hotel properties in order to facilitate minority equity ownership by trusted and long-standing employees.

Stroock & Stroock & Lavan LLP

The tax group at Stroock & Stroock & Lavan LLP has broad experience of M&A, fund formations and financial restructurings, acting primarily for asset managers and real estate funds. The practice is headed up by Jeffrey Uffner, who is highly experienced in a range of corporate and commercial transactions. Michelle Jewett, a federal income tax lawyer, represents businesses and creditors in acquisitions, divestitures, refinancings and restructurings. Jewett and Uffner are both based in the New York office.

Practice head(s):

Jeffrey Uffner

Other key lawyers:

Michelle Jewett

Testimonials

‘The Stroock tax team is incredibly impressive, knowledgeable about domestic and foreign issues, and boasts an impressive network of international law firms if we need to loop others in.’

‘Michelle Jewett is a senior tax partner at Stroock and an absolutely top notch lawyer. She is so responsive, professional, and knowledgeable. Our fund loops Michelle in for every single transaction we do, because we know that we are in great hands with her.’

‘The Tax team is well versed with issues specific to the real estate market, both on the direct investment and debt sides, as well as to the fund-structuring issues.’

‘Dedicated and truly client oriented.’

‘To me personally, the dedication and the care for the details and the circumstances of the client/the particular transaction by Michelle Jewett and her team are what separates Stroock from the others.’

‘Michelle Jewett is by far the best tax attorney that I have had the privilege of working with. She is commercial, knowledgeable and responsive.’

Key clients

J.P. Morgan Asset Management

Morgan Stanley Wealth Management

The Related Companies

Carr Properties

Deluxe Media

IsoAge Technologies

OCC of Aceto Corp.

Axar Capital Management

Atwater Capital

Official Committee of Unsecured Creditors of The McClatchy Company

Work highlights

  • Representing Axar Capital Management, a large holder of prepetition term loans in connection with the bankruptcy cases of Payless Holdings LLC and its affiliates, in the Bankruptcy Court for the Eastern District of Missouri.
  • Representing 451 Tenth Avenue LLC, a subsidiary of The Related Companies, L.P. in the development of a mixed-use building, consisting of residential units, high-end senior living and retail space in New York.
  • Advising Deluxe Entertainment Services Inc. on the sale of its distribution services business to Platinum Equity.

WilmerHale

WilmerHale advises a range of life sciences companies, tech start-ups and media networks on the tax aspects of major debt financings, funding rounds, and reorganizations. William Caporizzo and Kim Wethly jointly lead the team from the Boston office. Caproizzo regularly represents partnerships and limited liability companies in connection with real estate and investment taxation, while Wethly focuses on executive compensation and corporate securities. Also in Boston, Julie Rogers and Meghan Walsh are recommended for their expertise in debt financing transactions.

Practice head(s):

Bill Caporizzo; Kim Wethly

Other key lawyers:

Julie Rogers; Meghan Walsh

Testimonials

‘When using a large firm such as WilmerHale we are looking for: responsiveness, exceptional technical knowledge, and the ability to communicate complex matters to senior management. WilmerHale excelled in all of these areas, as well as providing timely, insightful, and pragmatic business advice.’

‘Amy Null and Julie Hogan Rodgers were the two tax partners I relied upon most during a recent transaction that was just under $7 billion in value. These were two of the most intelligent attorneys I have worked with in the past 20 years. Their ability to meet demanding (aka unreasonable) timelines was unparalleled in my experience.’

‘Superb understanding of the issues and concerns and great communicators and problem solvers.’

Key clients

Affirmed Networks

Danaher Corporation

DataXu, Inc

Discovery Networks

Endurance International Group Holdings

Medtronic

Nomura Holding America Inc.

Onto Innovation Inc.

Progress Software Corporation

Social Finance, Inc. (SoFi)

WeWork Companies, Inc.

WEX Inc.

Work highlights

  • Representing Discovery, Inc., a multinational mass media company, in the tax aspects of its private exchange offers of new notes for five series of outstanding senior notes totaling $4.7bn.
  • Representing SoFi, the online personal finance company, in structuring and executing a tax-free reorganization in which it acquired Galileo Financial Technologies, the financial services API and payments platform, for $1.2bn.
  • Representing DataXu, Inc., an automated bidding and self-serve software to manage ad campaigns programmatically across digital platform, in the tax aspects of its acquisition by Roku Inc., for approximately $150m in cash and stock.

Akin Gump Strauss Hauer & Feld LLP

Leveraging a strong network of offices across the US, each with a distinct focus, Akin Gump Strauss Hauer & Feld LLP provides nationwide coverage to a number of clients in the areas of pharmaceuticals, energy, and asset management. Under the joint leadership of Patrick Fenn, a broadly experienced transactional tax attorney, and Stuart Leblang, who concentrates on investment funds tax and tax policy issues, the full-service team is particularly well known for its creditor-side restructuring work. The tax team also plays a role in Chapter 11 and out-of-court restructuring proceedings and employee benefit and executive compensation mandates. Houston-based Alison Chen has expertise in energy tax and related restructuring matters. All named lawyers are based in New York unless stated otherwise.

Practice head(s):

Patrick Fenn; Stuart Leblang

Other key lawyers:

Alison Chen

Key clients

RP Management, LLC / Royalty Pharma plc

FirstEnergy Solutions Corp

Pharmakon Advisors LP / Biopharma

Apollo Global Management, LLC

Angelo, Gordon & Co.

Mubadala Capital

Blackstone

Ad Hoc Group of Holdco Lenders of Salt Creek Midstream

Ad Hoc Group of First Lien Lenders of Foresight Energy LP

Sanchez Energy Corporation

AllianceBernstein

Franklin Advisors, Inc.

Enterprise Products Partners L.P.

Genesis Energy, LP

Diamondback Energy, Inc.

Centerpoint Energy, Inc.

Rattler Midstream LP

Laredo Petroleum, Inc.

Work highlights

  • Advised Royalty Pharma on its $2.5bn IPO and listing on the Nasdaq Global Select Market.
  • Advised Genesis Energy, LP, a diversified midstream master limited partnership (MLP), on a $350m preferred equity commitment by certain investment fund entities affiliated with GSO Capital Partners to Genesis Alkali Holdings Company.
  • Advised FirstEnergy Solutions, Corp. on its $5bn debt restructuring.

Baker & Hostetler LLP

Baker & Hostetler LLP’s experienced team includes many former senior staffers at the IRS, the Congressional Joint Committee on Taxation, and the Treasury and Justice departments, underscoring the group's federal tax policy expertise. The practice is led by veteran tax controversy and litigation lawyer Jeffrey Paravano. Firm-wide chair Paul Schmidt handles private equity fund formations, share transfers, and CARES act tax implications. John Lehrer, who provides federal income tax advice on M&A, joint ventures and reorganizations, is also recommended. All named lawyers are based in Washington DC.

Practice head(s):

Jeffrey Paravano

Other key lawyers:

Paul Schmidt; John Lehrer

Key clients

The Sherwin-Williams Company

Progressive Insurance Company

Pacific Gas & Electric

Work highlights

  • Advising Sherwin-Williams on all of its tax controversy work and acting as outside counsel on client’s investments in historic tax credit and low-income housing tax credit partnerships.
  • Serving as lead tax counsel to Sherwin-Williams and Progressive Insurance regarding the tax consequences arising from the fall-out of an alleged $800m Ponzi scheme involving twelve investors in more than 30 funds that invested in mobile solar generators with DC Solar Solutions.
  • Serving as lead tax counsel of the team appointed as counsel to the Tort Claimant’s Committee in the Pacific Gas & Electric bankruptcy cases relating to California wildfires.

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP has shown its strength in handling the tax aspects of a wide variety of M&A, commercial agreements, public and private financing transactions and restructurings, acting for many of the leading names in investment banking and asset management. The team is chaired by Craig Horowitz, who had an impressive year advising on transactions for both banks and public companies. Aliza Levine concentrates on the federal tax aspects of a range of deals, most notably for clients in the areas of energy, insurance, and financial services. Ann Creed focuses on leveraged finance, capital markets transactions and private equity deals. All named lawyers are based in New York.

Practice head(s):

Craig Horowitz

Other key lawyers:

Aliza Levine; Ann Creed

Testimonials

‘Tax advice was extraordinary. The deal was extremely complex with the parties involved, and Cahill did an excellent job managing my interests.’

‘The tax partners were the most responsive and knowledgeable tax specialists I have ever dealt with in my career. The people far exceeded my expectations.’

Our track record with Cahill should speak for itself. We have been working with Cahill for over 20 years, they’re our go-to legal team for investment transactions. They understand how our firm works, how it’s structured, and what we think is important. Their responsiveness and industry knowledge is excellent. When working on transactions Cahill has the ability to take complex issues and boil them down for others to understand.

‘Our firm works very closely with Craig Horowitz (tax counsel) and John Papachristos (deal counsel). Craig is always willing to dig in whenever we need him. He is extremely knowledgeable and brings up legal and/or business issues that many others miss. John understands how we do deals, how our firm is structured, and the issues that are sensitive to our LP base. John is able to take complex legal issues and can present those issues in simple terms to our deal teams so that we can make sound investment decisions.’

‘Craig Horowitz is one of the most knowledgeable tax partners I have worked with. He is always available and resourceful even if he doesn’t know the answer – i.e. sometime we have foreign tax questions.’

Key clients

1-800-Flowers

Arch Capital Group

Audax Mezzanine

Bank of Montreal

BNP Paribas

Broadridge Financial Solutions

Cable One

Citibank

Credit Suisse

Deutsche Bank

Envigo International Holdings

Healthcare Royalty Partners

ICON plc

JPMorgan Chase Bank

Morgan Stanley

Nomura

PNC

S&P Global

Trans World Entertainment

UBS

Wells Fargo

Work highlights

  • Advising 1-800-FLOWERS.COM Inc on acquisition of PersonalizationMail.com
  • Advising S&P Global on acquisition of 451 Research LLC, a privately-held research advisory firm.
  • Advising Arch Capital Group Ltd on execution of a definitive agreement to acquire Watford Holdings Ltd, a global property and casualty insurance and reinsurance company.

Caplin & Drysdale, Chartered

Caplin & Drysdale, Chartered’s tax team acts for multinational corporations, asset managers and utilities providers in complex planning and regulatory mandates. In recent months, New York-based practice head Jonathan Brenner has led the team on a number of mergers, spin-offs, restructurings and federal income taxation reviews. Other key figures in the New York office include Mark Allison, a tax controversy veteran who also advises various companies and high-net-worth individuals on transactional and planning matters. Washington DC-based Beth Shapiro Kaufman concentrates on estate planning and transfer taxes for wealthy families and individuals.

Practice head(s):

Jonathan Brenner

Other key lawyers:

Mark Allison; Beth Kaufman

Cooley LLP

Cooley LLP's tax department is led by Kathleen Pakenham in New York, and also includes Alexander Lee in Los Angeles, who is recommended for M&A and debt and equity finance transactions, acting for start-ups and private investors.

Curtis, Mallet-Prevost, Colt & Mosle LLP

Curtis, Mallet-Prevost, Colt & Mosle LLP advises multinational corporations, investment banks and high-net-worth individuals on the tax aspects of acquisitions, divestitures, fund formations, REITs and restructurings. The practice is co-chaired by New York-based Klas Holm and Marco Blanco, who divides his time between New York, Paris, and Geneva. Holm handles transactions and structuring matters for corporations, partnerships, trusts, and sovereign wealth funds, while Blanco is noted for his experience in capital markets offering and private equity transactions. Also recommended in New York is Olga Beloded, who advises US multinationals in a range of internal tax planning matters.

Practice head(s):

Marco Blanco; Klas Holm

Other key lawyers:

Olga Beloded

Testimonials

‘Excellent international tax practice lead by Marco Blanco.’

‘Marco Blanco combines skill in solving complex tax problems with excellent client relationships. Olga Beleoded is thorough and determined to get to the bottom of the most complex tax issues.’

Key clients

E.ON SE

Unipharm

Brevet Capital Management

Burgan Bank

United Gulf Bank

Work highlights

  • Advising Unipharm, a pharmaceutical company, on designing its cross-border tax profile, as well as on multiple corporate transactions.
  • Advising Brevet Capital Management on a broad range of matters relating to transactions, the structuring of investments, and cross-border tax issues.
  • Representing E.ON SE in a broad range of matters, including a recent $20bn global restructuring involving asset and business swaps across multiple jurisdictions.

Dentons

Dentons leverages its expansive national presence to provide municipal development organizations (non-profit entities), investors, insurance brokers, and property managers with comprehensive support on a range of tax matters. In this space, the team has an especially strong presence in the Midwest, with Nick Kappas and Bruce Davison co-chairing the group from St Louis and Kansas City, respectively. Kappas’ tax practice concentrates on federal and state tax credit transactions and bond financing, while Davison chiefly handles transactional mandates for limited liability companies, S corporations, real estate groups, and tax-exempt organizations. Kelli Wikoff is also recommended in Kansas City.

Practice head(s):

Nick Kappas; Bruce Davison

Other key lawyers:

Kelli Wikoff

Key clients

Atlantic Global Risk

US Bancorp Community Development Corporation

St. Louis Development Corporation

Advantage Capital Partners

Greenberg Traurig LLP

Greenberg Traurig LLP’s internationally focused tax group fields a nationwide network of tax experts, who act for funds and investment managers, and tax-exempt organizations in various transactional and planning mandates. The sizeable team is jointly led by Barbara Kaplan in New York, and Martin Kalb and William Siegel, both based in Miami. Kaplan is chiefly recognized for her tax litigation work; Kalb is recommended for estate planning; and Siegel is a name to note for commercial transactions in the real estate and entertainment sectors. Also recommended are Joel Maser in Fort Lauderdale, who represents investors and developers in real estate joint ventures, and Mindy Leathe in Miami, who advises companies and senior executives on compensation and employee benefits matters.

Practice head(s):

Barbara Kaplan; William Siegel; Martin Kalb

Other key lawyers:

Joel Maser; Mindy Leathe

Testimonials

‘The GT tax team is practical and keeps the business objectives at the forefront. They are creative and skilled at finding solutions.’

‘Lawrence H. Brenman and James Lang are top notch tax minds that can distill complicated tax matters to plain English.’

‘Sanford Presant works tirelessly to put the client’s objectives first and foremost. He has a very valuable combination of tax acumen and business sense. He truly does make every effort to help the client achieve their goals.’

‘The team has extensive experience dealing with international clients and understand the different aspects of cross-border estate planning.’

‘Erika Litvak is a brilliant lawyer, very detailed oriented, ethical, with a great level of professionalism. She is fluent in English and Spanish which facilitates the communication with many of our Latin American clients. She has a deep knowledge of the different aspects and implications of cross-border estate planning, and provides sound legal advice to guide our clients. It is a great experience to work with Erika because you can rely on the quality of her work.’

‘Greenberg tax practice is unique. They have a truly global and holist approach when it comes to understand client’s needs. They normally take the legal problem and turn it into a a value-added business solution. Greenberg’s approach helps the client to anticipate any tax problem, since they have a clear vision not only of the current applicable law but also where the policy and regulatory trend are heading to.’

‘Erika Litvak is a wonderful lawyer. She has provided sounded legal and tax advised to private clients and private banks in Colombias as no other attorney in Miami/Florida. What makes her different is her analytical ability to find practical, actionable solutions.’

Key clients

Round Room Live

German American Tampa Holdings, LLC

Bridge Investment Group, LLC

PTM Partners, Fund I and Fund II

Work highlights

  • Assisting Bridge Investment Group with the completion of the largest Qualified Opportunity Zone Fund (QOF) merger since the QOF incentives became effective; the merger consolidated 21 separate QOFs.
  • Representing PTM Partners in the formation of Opportunity Zone Funds.

Ivins, Phillips & Barker

Based in Washington DC, Ivins, Phillips & Barker leverages solid professional relationships with the IRS and Treasury Department to provide up-to-date advice on a range of matters, especially in the fields of income tax accounting, federal tax policy and consolidated return matters. In addition, the team regularly structures and negotiates the tax aspects of various corporate and commercial transactions. The practice group is jointly led by Jeffrey Moeller, who handles corporate tax planning and transactional matters, and Les Schneider, a highly experienced tax accounting practitioner. Also recommended is Jamie Brown, who advises on transfer pricing, corporate reorganizations, and the taxation of financial instruments.

Practice head(s):

Jeff Moeller; Les Schneider

Other key lawyers:

Jamie Brown

Testimonials

‘Uniquely positioned firm with excellent technical knowledge and the ability to transform it into practical and feasible solutions. Excellent personal contact.’

‘Very competent, smart attorneys that are efficient and responsive. They are effective at responding to issues and concerns while leaving us with the appropriate documentation.’

‘We have been working with Leslie Schneider for a number of years and would recommend him and his firm to other companies. He is very responsive to our questions, has a great knowledge base of the tax code and can efficiently sift through an issue to determine the best course of action.’

Key clients

Bayer AG/Bayer Corporation

International Cemetery, Cremation, and Funeral Association

Saudi Aramco

Southern Glazers Wine & Spirits

ITG Brands, LLC/Imperial Tobacco Group

Alibaba Group

Allegheny Technologies

Lockheed Martin Corporation

Cargill

Nissan North America, Inc.

Jenner & Block LLP

Experienced in corporate transactions, standalone tax planning and myriad regulatory matters, Jenner & Block LLP’s tax department advises clients ranging from blue-chip multinationals and middle-market companies on a variety of federal, state and local tax matters. The team is jointly led by general federal tax expert Geoffrey Davis and Christian Kimball, who is recognized for his expertise in convertible debt, financial products and company formation. Gail Morse concentrates on the state and local tax issues impacting corporates and non-profit organizations. All named lawyers are based in Chicago.

Practice head(s):

Geoffrey Davis; Christian Kimball

Other key lawyers:

Gail Morse

Key clients

Silgan Holdings Inc.

General Dynamics Corporation

Cresco Labs Inc.

Green Thumb Industries Inc.

Liffey Thames Group, LLC (d/b/a Discovia)

Wolters Kluwer

United Airlines

Kraft Heinz

Kellogg Company

Mondelēz Global LLC

Work highlights

  • Representing Silgan Holdings Inc. in the acquisition of the global dispensing business of the Albea Group for $900m.
  • Representing Aurora Cannabis in an at-the-money offering.

Katten

The tax team at Katten Muchin Rosenman LLP works closely with the firm’s corporate, insolvency and restructuring practices to provide end-to-end service on a huge variety of transactions, including business and asset sales and acquisitions, debt finance and recapitalizations. Department chair Saul Rudo is experienced in a range of matters, acting primarily for middle-market companies and private equity firms. Valentina Famparska’s federal tax expertise is concentrated particularly in the areas of healthcare, sports, private equity and wealth management. In the New York office, Todd Hatcher and Jill Darrow are key contacts for a range of transactional matters, with Darrow showing particular strength in financial services and private equity deals. All named lawyers are based in Chicago unless stated otherwise.

Practice head(s):

Saul Rudo

Other key lawyers:

Valentina Famparska; Todd Hatcher; Jill Darrow

Key clients

CM Acquisition, LLC

Chicago Pacific Founders

DRG Investments

GR Companies, Inc.

Netrix, LLC

Northside Radiology Associates, P.C.

Sterling Capital Partners

Monroe Capital

AWC Capital Partners, LLC

Work highlights

  • Representing Netrix, LLC in a sale transaction to OceanSound Partners, a private equity firm investing in technology and technology-enabled businesses.
  • Representing ABP Induction, LLC as special tax counsel in its acquisition by Mitsubishi Heavy Industries (MHI) and Primetals Technologies, Ltd.
  • Representing Sterling Partners in the sale of its portfolio company, Surgical Solutions, LLC.

Kramer Levin Naftalis & Frankel LLP

Kramer Levin Naftalis & Frankel LLP advises private equity firms, asset managers and high-net-worth individuals on corporate and financing transactions, bankruptcies and real estate fund formations. Entertainment and sports are among the core strengths, with the team handling various investment and estate restructurings on behalf of well-known individuals and agents in those sectors. Barry Herzog leads the New York team and has extensive experience of M&A and structured finance, as well as restructurings, where he acts on behalf of secured and unsecured creditors. Also recommended is Pamela Capps, who chairs the firm’s SALT group.

Practice head(s):

Barry Herzog

Other key lawyers:

Pamela Capps

Testimonials

‘Pamela Capps is excellent. Deep knowledge in her subject area and extremely smart, business savvy and full of common sense.’

Work highlights

  • Advising Stone Point Capital on the tax aspects of numerous transactions.
  • Advising Luxor on the tax aspects of its sale of a 50% interest in the Ocean Casino in Atlantic City.
  • Advising Argand Partners on the tax aspects of its acquisition of Midwest Can Company and Container Specialties, Inc.

Munger, Tolles & Olson

Munger, Tolles & Olson has handled the tax aspects of real estate transactions, private equity transactions, and restructuring matters. A contact in the team is David Goldman, recommended for a range of corporate tax, partnership tax and executive compensation matters.

Neal, Gerber & Eisenberg LLP

Neal, Gerber & Eisenberg LLP advises on domestic tax planning, and state and local taxation matters for a diverse client base that includes consumer goods manufacturers, tech startups, investment advisors, insurers, airlines, and energy companies. The practice is co-chaired by Scott Bakal and John Biek, who specialize in estate planning for high-net-worth individuals, and state-level unclaimed property laws, respectively. Also recommended is tax planning advisor Jeffrey Shamberg, who works on the tax aspects of numerous transactions and investment structuring mandates. All named lawyers are based in Chicago.

Practice head(s):

Scott Bakal; John Biek

Other key lawyers:

Jeffrey Shamberg

Testimonials

‘Extremely intelligent and pragmatic, solution driven team.’

‘Scott Bakal has a unique combination of intellectual capacity with a practical solutions orientation. Mr. Bakal is one of the most intelligent lawyers (and people) I get the chance to work with. His availability and accessibility make him and the team a real asset. I deeply value the business relationship.’

‘Not only knowledgeable and experienced, but highly creative. The tax team has provided elegant solutions to tax problems that have stumped other fine firms. In addition, the team is extremely responsive.’

‘Scott Bakal is the most creative tax lawyer I have ever worked with.’

‘They worked on understanding and communicating the various state regulations and laws for sales tax. They were extremely thorough and were timely with their analysis.’

‘I worked with John Biek and Eric McLimore. They were both extremely friendly and really knew the state laws and how we should proceed. I felt confident with our decisions and the direction presented by them. I found them to be extremely available for any questions I may have.’

Key clients

Mariana Tek

Work highlights

  • Representing a US private equity fund in connection with sale of Mariana Tek to a foreign private equity fund.

Seyfarth Shaw LLP

Noted in particular for its expertise in real estate, Seyfarth Shaw LLP also handles the tax aspects of corporate and commercial transactions for a number of renewable energy companies, manufacturers and tax-exempt institutions. The tax group is co-chaired by Chicago-based Steven Meier and John Napoli in New York, whose recent work has included debt financings, joint ventures, and restructurings. Meier also serves as chair of the firm’s corporate department, and is experienced in structuring real estate and alternative investment programs. On the West Coast, Los Angeles-based Ofer Lion is a key contact for tax-exempt organizations. Rotem Bar-Kokhva joined the New York office from Skadden, Arps, Slate, Meagher & Flom LLP in March 2020.

Practice head(s):

Steve Meier; John Napoli

Other key lawyers:

Ofer Lion; Rotem Bar-Kokhva

Testimonials

‘John Napoli’s deep expertise in the area of tax and its impact on real estate is unique for any lawyer albeit a tax lawyer. John’s approach to client service and his knowledge permeate the team. The team is very conscious of the commercial practicalities that must be balanced against the tax considerations of any transaction.’

‘John Napoli is exceptional. John’s depth of knowledge and commercial approach to sophisticated tax matters impacting real estate is unparalleled in the field of tax law. John is hyper-responsive and can field most questions live during a call. He understands not just the tax considerations of a particular transaction but also the commercial considerations which must be balanced against any tax analysis. John is never one to offer a solution that may solve for tax but could never function in an actual commercial transaction.’

Brown Rudnick LLP

Brown Rudnick LLP’s full-service tax department is especially active in restructurings, debt workouts, and bankruptcies. Group chair Nicole Bouchard coordinates a team, which acts for various creditor and note holder committees in Chapter 11 proceedings, in sectors including energy, hospitality, and pharmaceuticals. Other key figures include Vincent Guglielmotti, who maintains an active bankruptcy taxation practice alongside his duties as managing director of the firm’s corporate and capital markets departments. Barbara Kelly is a seasoned transactional advisor, who also advises on the tax considerations of asset management and qualified settlement funds. All named lawyers are based in New York.

Practice head(s):

Nicole Bouchard

Other key lawyers:

Vincent Guglielmotti; Barbara Kelly

Key clients

PG&E Corp. and Pacific Gas & Electric Company

The Official Committee of Unsecured Creditors of Philadelphia Energy Solutions

The Official Committee of Unsecured Creditors of Alta Mesa Resources, Inc.

Dean & DeLuca New York Inc.

Purdue Pharma, L.P. (Ad Hoc Committee of Consenting Governmental & Other Contingent Litigation Claimants)

The Official Committee of Unsecured Creditors of Ultra Petroleum Corp.

SSCP Asset Management

The Official Committee of Unsecured Creditors of Chesapeake Energy Corporation

Intelsat: Envision Unsecured Noteholders

Ad Hoc Group of Term Loan Lenders and the Term Loan Agent in the Chapter 11 of Pier 1 Imports, Inc.

The Official Committee of Unsecured Creditors of Vector Launch, Inc.

The Official Committee of Unsecured Creditors of EdgeMarc Energy Holdings

Work highlights

  • Representing The Official Committee of Unsecured Creditors in relation to the Chapter 11 bankruptcy of Ultra Petroleum Corp, a U.S. independent exploration and production company focused on producing and developing its long-life natural gas reserves.
  • Serving as counsel to Self-Storage Capital Partners in connection with multiple acquisitions and financings of self-storage facilities located across multiple states.
  • Acting on behalf of Fire Victims’ Compensation Trust in the  PG&E Corporation and Pacific Gas and Electric Company Chapter 11 bankruptcy proceedings.

Foley & Lardner LLP

At Foley & Lardner LLP, Michael Abbott advises on the tax components of executive compensation matters, and James Howard focuses on corporate tax matters in the energy sector. Both lawyers are based in Houston.

Irell & Manella LLP

Irell & Manella LLP is recognized here for advise on federal, state, and local taxation for a diverse roster of clients including asset managers, life sciences companies, construction groups and energy providers. Milton Hyman, partner emeritus, is noted for his experience in corporate acquisitions and combinations. Joel Rabinovitz concentrates on tax planning matters both for emerging tech companies and established multinational corporations. Both Hyman and Rabinovitz are based in Los Angeles.

Other key lawyers:

Milton Hyman; Joel Rabinovitz

Jones Walker LLP

Jones Walker LLP’s tax practice is headquartered in New Orleans under the management of William Backstrom, a state and local tax specialist who leads on a range of tax mandates in Louisiana. Backstrom oversees several sub-groups that handle SALT, transactions, tax credit finance, and estate planning. In the Gulf South, the firm maintains a strong foothold in the energy sector (both conventional and renewable suppliers), with Jesse Adams, Rudolph Ramelli, and Mississippi-based John Fletcher being key contacts. Jonathan Katz handles federal and state new markets tax credit, while Baton Rouge-based Trevor Wilson concentrates on tax-exempt organizations, fund formations, and estate planning. All named lawyers are based in New Orleans unless stated otherwise. Test

Practice head(s):

William Backstrom

Other key lawyers:

Jesse Adams; Rudolph Ramelli; John Fletcher; Trevor Wilson

Testimonials

‘Jones Walker brings an unusually high level of creativity to problem solving around obstacles in structuring real estate tax credit deals. They always figure out a way to accomplish what’s needed, and then know how to communicate complex and highly technical information in intelligible ways. They have also been very generous to us by reducing fees whenever needed to help close a transaction.’

‘Jonathan Katz is the main attorney I work with in Tax. I greatly appreciate that while he does all the heavy lifting in figuring out solutions to tax issues, he always involves me along the way to make sure that I’m following and to ensure that his thinking and approach meets our needs. As much as his sharp intellect sets him apart, it’s really his soft skills that I value most: his deftness in working with other attorneys and with me as a client. He’s a total pleasure, and always makes time to answer even my very minor questions. I know how much he cares about our projects; as a community development real estate developer, that means a ton to me.’

‘Jeffrey Good is our transactional real estate attorney who works closely with Jonathan on our deals. Jeff is a perfect tandem to Jonathan: he also brings an extremely sharp mind and a thoroughness and attention to detail that I don’t always see in other attorneys. He is an out-of-the-box thinker and problem solver who’s invaluable to the complex financing we utilize in our projects. Jeff is also a tireless worker, is a total pleasure to work with, and he cares deeply about our projects; he’s a true partner to us as a client.’

‘The Jones Walker state and local tax team is exemplary in every respect. The team has a deep knowledge of state tax and proactively represents clients in all phases of state taxation.’

‘My go to people are Bill Backstrom and John Fletcher, both of whom have many years of experience in representing clients at the highest levels. Both Bill and John seek practical solutions to client tax issues. The fact that both are well-respected by state tax agency personnel makes them outstanding choices for client representation.’

‘Rudy Ramelli is brilliant, practical and hard working.’

Loeb & Loeb LLP

Loeb & Loeb LLP‘s tax group is experienced in tax planning matters for companies and high-net-worth individuals. A contact on the West Coast is Ryan Austin, in Los Angeles.

Reed Smith LLP

Under the leadership of James Tandler and Angelo Ciavarella (a new arrival from Katten Muchin Rosenman LLP), the tax group at Reed Smith LLP acts for various household names, including blue-chip corporates, financial services providers, and private equity firms. In recent months, the team has handled the tax aspects of a range of transactions, most notably for clients in media and entertainment, and in the rapidly emerging market for SPACs. Transfer pricing and valuation services are further core strengths. Tandler serves as chair of the US corporate group, and advises on a range of M&A deals, real estate transactions, and partnership formations. Ciavarella heads up the firm’s transactional tax practice, whose broad practice also covers debt and equity offerings. Chicago-baed Arnold Grant is recommended for his expertise in renewable energy transactions. All named lawyers are based in New York unless stated otherwise.

Practice head(s):

James Tandler; Angelo Ciavarella

Other key lawyers:

Arnold Grant

Roberts & Holland

Roberts & Holland handles the tax aspects of a broad range of corporate and real estate transactions. Employee benefits and executive compensation are further practice strengths. Ezra Dyckman, Stuart Gross and Joseph Lipari are key figures in the practice.