McDermott Will & Schulte leads M&A transactions involving complex benefits matters, including benefits-related risk assessment during due diligence, post-transaction benefits planning, and the integration of cohesive employee benefits programs, with particular experience advising on benefits issues in healthcare M&A transactions. Under the leadership of Boston-based Andrew Liazos, the practice advises on retirement plan matters, including defined benefit and defined contribution arrangements, and handles issues ranging from severance negotiations to tax and securities compliance. Clients note Allison Wilkerson, based in Dallas, and Erin Turley, based in Washington DC, for their market knowledge, with Wilkerson focusing on ERISA matters and ESOPs, and Turley overseeing the full lifecycle of employee benefits, including compliance for pension, profit-sharing, 401(k), and ESOP plans. Ian Levin in New York is a key contact in relation to executive compensation and employee benefits issues arising in mergers and acquisitions, initial public offerings, and joint ventures.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘Highly expert and practical in a complex and challenging field. Know the players well on all sides of the plan and its enforcement.’

  • ‘Todd Solomon has a good sense of humor, very fast response time, and is highly relational.'

  • ‘MW&S is the premier ESOP law firm in the country, and the firm itself has a broad range of expertise in related disciplines.’

  • ‘Allison Wilkerson and Erin Turley are at the top of their profession. They are knowledgeable, highly accessible, and a pleasure to work with.’

  • ‘Their practice is unique in the areas that they focus on - multiemployer plans and withdrawal liability being the most prominent and unique for big law.’

Key clients

  • AS Birch Grove LP
  • Axia
  • Border States Industries
  • Declaration Partners / CP Group
  • Discover Financial Services
  • FilmRise
  • H.I.G. Capital
  • MAP Communications
  • MGG Investment Group
  • Mill Point Capital
  • National Express Management
  • Soros Fund Management

Work highlights

Advising Discover Financial Services on the executive compensation and employee benefit aspects of its landmark $35.3 billion acquisition by Capital One.
Advising BDO on the formation of its $1.4 billion ESOP, including associated restructuring and governance mechanics.
Advising Axia on its transition from a large ESOP structure to full acquisition by Huron Consulting Group, including pre-closing restructuring.
Practice head

Andrew Liazos

Other key lawyers

Ian Levin; Todd Solomon; Erin Turley; Allison Wilkerson