Chicago, March 10, 2008 – LAWFUEL – Baker & McKenzie LLP announced today that it has expanded its global transfer pricing capabilities with the addition of Richard Boykin as Principal Economist. He will reside in the Firm’s London office until mid-2009 before relocating to its New York office.
“Transfer pricing is an important growth area for Baker & McKenzie,” said John Peterson, Chair of Baker & McKenzie’s Global Tax Practice Group. “Expanding our global reach in transfer pricing is key, given the multi-national nature of every transfer pricing project; as well as the increased focus of various tax authorities on transfer pricing as a compliance area. Dick will boost the Firm’s critical mass and skill set necessary to be a major player in the global transfer pricing market.”
Commenting on Mr. Boykin joining, Alex Chadwick, head of tax in London, said: “Having Dick team up with us in London will increase our capabilities to manage multi-jurisdiction matters with multi-national teams providing first-rate transfer pricing services.”
“We are excited to have Dick join us. He complements our existing capabilities in transfer pricing and will greatly enhance our presence in New York,” added Duane Webber, Chair of Baker & McKenzie’s North American Tax Practice Group. “Adding transfer pricing professionals, like Dick, in all regions is essential to meet the growing needs of our clients.“
Mr. Boykin has been practicing transfer pricing economics at KPMG since 1990, having been based in Washington, D.C., the Silicon Valley, London, and New York. Mr. Boykin has held a number of key positions while at KPMG including leadership of the firm’s global transfer pricing services group. A well-known transfer pricing advisor, he speaks and writes frequently on transfer pricing and related topics. Mr. Boykin holds a Ph.D. in economics from the University of Maryland.
“Dick’s well-regarded position within the economics community and our well-established position in the market for legal advice is a winning combination,” said David Hackett, North American Managing Partner. “He will add significant depth and breadth to our tax and transfer pricing practice globally, in Europe, and in the United States. Our clients benefit from the ability to use Baker & McKenzie as a “one-stop shop” for many of our services, including tax planning, tax controversy and transfer pricing advice.”
Baker & McKenzie has significantly added to its transfer pricing and economics capability with the recent additions of Ken Okawara in Tokyo and Glenn DeSouza in Shanghai. Over the last few years, the firm has also added Richard Fletcher (London), Stephan Schnorberger (Dusseldorf), Brian Cromwell (Palo Alto) and many others in the U.S., Europe, Mexico and other Latin American countries. There are more than 50 practitioners in the Firm’s Economics Group worldwide and over 150 practitioners in the broader Global Transfer Pricing Practice.
Commenting on his joining, Mr. Boykin said: “I am excited to bring my practice to Baker & McKenzie. The Firm has a recognized tax practice offering extensive expertise in transfer pricing issues, particularly in transfer pricing audits, controversies, and dispute resolution. I look forward to working with the Firm in driving the growth of the practice.”
With a worldwide team of more than 550 tax lawyers, economists and financial analysts, Baker & McKenzie’s Global Tax Practice is the largest tax practice of any law firm in the world. It ranks in 24 countries in the International Tax Review World Tax 2008. Fifty-two of our tax lawyers were named leading individuals in their field. In addition, Euromoney recognized twenty-one of our transfer pricing lawyers in its 2008 Guide to the World’s Leading Transfer Pricing Advisers.