CHICAGO (May 3, 2007) — The Chicago office of McDermott Will & Emery is pleased to announce the arrival of Fred M. Ackerson as counsel in the Firm's Tax Department. Mr. Ackerson, with his extensive knowledge and 25+ years experience, will be a very valuable addition to the Firm's Tax Department.
"Fred has experience representing various clients in administrative hearings and litigation. His state tax know-how is a great fit with our existing state and local practice," commented Michael Fayhee, head of the Firm's Tax Department.
Mr. Ackerson has extensive experience in state taxation including unitary business group composition, business and non-business income controversies, financial organizations, income taxation of partnerships and net operating losses. In addition, his state taxation experience also includes franchise taxes, sales, use and excise taxes, as well as other constitutional issues.
Beyond state taxation, Mr. Ackerson has also advised on federal taxation. His work in the federal tax area has involved primarily corporate, partnerships/pass-through and investment transactions. These include financial products, U.S. and offshore investment funds, REITs and private equity deals.
He graduated magna cum laude and with honors, receiving his B.A. from Hamilton College. He received his J.D. from the University of Chicago Law School.
Initially launched as a tax law firm in 1934, McDermott Will & Emery brings a wealth of history and experience to the tax arena, enabling our lawyers to offer the most practical and strategic advice on virtually every aspect of tax law. McDermott has one of the largest and most diversified state and local tax practices in the United States. Our unique strength is a product of the depth and breadth of our technical abilities combined with the experience and ardor of our advocacy and negotiation skills. We serve the needs of our clients regardless of the jurisdiction, issue or procedural stage involved. We are positioned to advise and represent multi-state businesses on virtually any state and local tax matter, including structural and transactional planning, administrative and judicial resolution of controversies, and legislative initiatives and lobbying.