March 4, 2010 (Mountain View, CA) – Fenwick & West LLP is pleased to announce that International Tax Review, a leading publication covering the tax industry, has named Fenwick & West in the first tier of the World's Leading Tax Transactional Firms for the United States, one of only five law firms in the entire U.S. to earn First Tier status. Fenwick & West has been ranked as a First Tier tax practice by International Tax Review since the survey's inception.
When commenting on how the advice attorneys give to their clients has changed over the past 12 months, David Forst, Chair of the Tax Group at Fenwick & West, said, "Changes in laws worldwide, increases in the complexity of laws and transactions and the proliferation of global revenue raising measures has put a premium on flexibility and creativity in providing client service."
"Fenwick & West advised on a broad array of significant recent M&A transactions in 2009, including, Blackrock's $13 billion acquisition of Barclays Global Investors, Cisco's pending $3 billion acquisition of Tandberg (Norway), EMC's $2.4 billion acquisition of Data Domain, and Autonomy Plc's acquisition of US-based Interwoven," says Jim Fuller, a partner in Fenwick & West's Silicon Valley office.
"The US tax rules, in terms of changes, have been more administrative than legislative, but cross-border M&A of course involves melding a foreign country's M&A rules with the US rules, in addition to anticipating changes in these rules," says Ron Schrotenboer, head of the M&A tax sub-group at Fenwick & West in Silicon Valley.
Fenwick's recognition was announced in International Tax Review's recent Global Tax Transactional Survey. The survey and related articles can be viewed in their entirety on the International Tax Review website (subscription required).
About the Fenwick & West Tax Group
Fenwick & West has achieved a reputation as having one of the nation's leading domestic and international tax practices. Our tax clients represent every geographic area of the United States, as well as a number of foreign countries, and have included well over 40 Fortune 100 companies. The Firm was honored by International Tax Review 2009 as one of the world's leading tax planning and tax transactional practices, one of only three firms in the U.S. to appear in both the planning and transactional categories; ACQ Global Awards 2009 ranked Fenwick & West as the "Corporate Tax Law Firm of the Year" for North America; Chambers USA 2008 awarded the Firm First Tier status in Tax for California; and the Firm was honored by World Tax Review 2010 as one of only eight law firms in the entire U.S. to receive a First Tier rating. Fenwick & West also consistently ranks as one of the top M&A practices in the U.S. and was recently named one of the top law firms in northern California for publicly traded companies.
About International Tax Review
Since 1990 International Tax Review has established itself as the world's most authoritative and lively magazine dedicated to international tax strategy. Each issue includes comprehensive international news and analysis, unique guides to the most recent international deals, in-depth features, surveys, international updates and profiles. International Tax Review is part of the Euromoney Legal Media Group, with offices in London, Hong Kong and New York.