Clients respect and trust Debevoise & Plimpton's tax practice. "Debevoise, and Seth Rosen in particular, is our favourite," said one taxpayer. "They deliver what we need: insightful tax legal advice and opinion that are focused and on point. They don't ...
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Clients respect and trust Debevoise & Plimpton's tax practice. "Debevoise, and Seth Rosen in particular, is our favourite," said one taxpayer. "They deliver what we need: insightful tax legal advice and opinion that are focused and on point. They don't always say what we want to hear but what we need to hear."
The New York office, which is also the firm's headquarters, has a diverse corporate tax practice, comprising 10 partners in New York, three in major European cities, and 29 fee earners. The companies they represent are from, for example, the media, airline, mining, energy, and real estate industries, but they are particularly strong in financial services and insurance, with clients such as The Prudential Company. In March 2012, the New York practice, led by another Rosen, Burt, advised insurance company AIG on its $6 billion sale of a portion of its controlling stake in AIA Group, a life insurer. In another matter, announced in February 2012, David Schnabel is advising Access Industries, as part of a consortium with Apollo Global Management and Riverstone Holdings, on its $7.15 billion acquisition of the oil and gas exploration and production assets of El Paso, which are being sold in connection with Kinder Morgan's $38-billion acquisition of El Paso. Preqin, the research firm, said this deal is the largest private equity-backed deal so far this year and the second largest deal since the collapse of Lehman Brothers.
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