ESOPs
McDermott Will & Emery’s ESOP practice is one of the most respected in the United States. The Firm, founded in 1934 by tax lawyer E.H. McDermott, originally focused on federal taxation matters. Today, we work worldwide to provide clients with comprehensive legal services. Our lawyers can draw on a wide range of resources and experienced lawyers to address any issue that arises in the course of an ESOP, or employee stock ownership plan, transaction. The Firm’s Employee Benefits Group is among the oldest in the United States and, with 60 lawyers, the largest.
ESOPs can be complicated, especially, as is often the case, when they are used in financial transactions. Our ESOP Group comprises lawyers with the experience developed through work on hundreds of ESOP transactions to deal with these complexities and to utilize the intricate ESOP rules for our clients' benefit. Our ESOP lawyers are part of a broader practice consisting of lawyers with experience in corporate finance, securities regulation, lending, litigation, labor law, estate planning, tax and related areas. We draw on these capabilities to address all aspects of ESOP transactions.
Our experience with ESOPs is not limited to a particular niche or aspect of the subject. ESOPs are an immensely versatile technique, and our lawyers have played important roles in the development of ESOP law for a wide variety of clients in a full range of situations.
We have represented many of the leading lending institutions in the United States in large and small ESOP loans. We have assisted these institutions with the development of innovative techniques for utilizing ESOP benefits more fully. Our Firm serves as regular counsel on a continuing basis to most of the leading independent fiduciaries for ESOPs. We also have represented many other institutional and individual trustees in ESOP transactions. Our Firm has been engaged by union and employee groups in transactions initiated by those groups, and we have a great deal of experience in employee and management buyouts from large public corporations. In addition, we have served as counsel for private companies and business owners in establishing a wide range of ESOPs for a variety of purposes.
At the core of our ESOP Group is a team of lawyers throughout our Firm’s offices who concentrate their practices on ESOP law. The breadth and depth of our ESOP practice allows us to deliver comprehensive legal services in a cost-effective manner. Through our work on hundreds of ESOPs, we have developed necessary document forms and a wealth of research on the more esoteric issues affecting ESOPs. By drawing on these resources, we are able to complete a transaction or achieve the appropriate outcome with a minimum of newly created documentation or basic research, which helps keep costs to a minimum.
Contacts
- Luis L. Granados III
+1 202 756 8341
Send E-mail - William W. Merten
+1 312 984 7647
Send E-mail - Susan Peters Schaefer
+1 312 984 2009
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