Transactional Tax Partner Jeffrey Tate Joins Arent Fox

WASHINGTON – Arent Fox LLP is pleased to announce the expansion of its Tax practice in Washington, DC with the addition of Partner Jeffrey Tate. Mr. Tate’s practice focuses on domestic and international transactional work, and includes counseling on mergers and acquisitions, real estate investments, joint ventures, securitizations, private equity and hedge fund investments and structuring, financial products, pass-through entities, FATCA compliance, and capital markets transactions. 

Mr. Tate joins Arent Fox from Shearman & Sterling LLP, where he worked with corporate, financial institution, investment fund, and sovereign clients. Mr. Tate is fluent in Portuguese and he was principally responsible for overseeing all Latin American capital markets tax matters at his prior firm. He also has substantial experience advising Latin American and other clients on fund formation, mergers and acquisitions and inbound investment matters.

Mr. Tate’s recent work includes advising sovereign wealth funds on US real estate investment and development matters and fund investments; advising a Brazilian digital payments processer on its NYSE-listed initial public offering; and advising various private equity, real estate, hedge, and other investment funds on structuring and tax matters and portfolio acquisitions. 

Arent Fox’s Tax group provides advice that fits the business objectives of our clients. The firm works closely with clients’ internal tax staff and advisors to design structures that fit the context of a particular transaction.


Richest Law Firms Grow Richer

Rich lawyer

The rich get richer and that’s an evident truth about law firms too according to a report that shows the Am Law 200 are increasing the gap between themselves and the rest of the law firm would-be contenders.

The report comes from ALM Intelligence tracking results back to 2000 and showing the profit per equity partner (PEP) for the top 25 firms.

The stats show this year’s rankings are increasing the gap between the Haves and the Wanna-Haves.


Why might that be the case? Probably because the industry’s most elite ranks—firms that include Latham & Watkins, Kirkland & Ellis, and Davis Polk & Wardell—have been mostly immune from pressures to cut their rates. They are sought after to do the most complex, valuable M&A deals and the riskiest litigation.
Overall, the data cast doubt on the notion that law firms are getting less profitable. Some are, it’s true—but most of the big ones are not.

ALM Intelligence AM Law 200 stats

One probably result from the trend is more money for young lawyers and associates.  With an average earning at a ‘rich’ firm being around $2 million or more per annum than the average partner in the 51-100 tier law firms and almost $3 million more than those in the 101+ bracket, the trend for increased remuneration is only going to increase again.

Source: Law.com

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