Eversheds Sutherland tax practice expands SALT team

Eversheds Sutherland is pleased to announce the addition of Breen M. Schiller and Nikki E. Dobay to the firm’s Tax Practice Group as State and Local Tax (SALT) partners. Ms. Schiller will join the firm’s Chicago office and Ms. Dobay will join the firm’s Sacramento office in the next few weeks.

Ms. Schiller is joining the firm from Horwood Marcus & Berk in Chicago, where she had been the Chair of the SALT practice group. In addition to Ms. Schiller’s Illinois tax experience, she has consulted with clients on state and local tax issues across the country, including for several of Eversheds Sutherland’s existing clients. She regularly consults and represents some of the largest taxpayers in the US.

Ms. Dobay is joining from the Council On State Taxation (COST), where she had been senior tax counsel. Ms. Dobay joins former COST lawyers Jeff Friedman and Todd Lard, both of whom represented COST’s members on state tax matters before joining Eversheds Sutherland. She has extensive Oregon tax experience, including with the state’s newly imposed Commercial Activity Tax. Ms. Dobay also has represented clients on state tax policy matters across the US. Her legislative and regulatory experience will add to the firm’s considerable state tax policy practice.

“I am excited to welcome Breen and Nikki to the firm and our Tax Practice,” said Mark D. Wasserman, Co-CEO of Eversheds Sutherland. “Their outstanding reputations and experience will further elevate our SALT services and expand our capabilities in important geographic regions for our clients. We plan to continue to grow our tax practice and the firm overall through internal promotions and additional strategic lateral hiring.”

“We are fortunate to attract Breen and Nikki to our Tax Practice,” said Jeffrey A. Friedman, Partner and Chair of the firm’s Tax Practice Group. “Adding Breen and Nikki also reflects the firm’s focus on growing our Midwest and West Coast tax presence. Their skill sets and unique backgrounds are a natural fit for our group.”

Eversheds Sutherland’s Tax Practice is comprised of more than 100 attorneys representing many of the world’s largest corporations—including more than 35 of the Fortune 100—in every industry sector and in virtually every area of tax law, on the federal, international, state and local levels. By virtue of the size of its tax practice and its varied client base, Eversheds Sutherland is active in every area of taxation—from planning the most complex corporate tax transactions to representing taxpayers in administrative and judicial tax controversies.

Dentons to combine with Durham Jones & Pinegar in Utah

Dentons and Salt Lake City-based Durham Jones & Pinegar announced today a future combination. This announcement continues the growth of Project Golden Spike, a series of combinations launched earlier this year dedicated to advancing the first truly national US law firm capable of serving clients across the United States and globally.

As the legal profession’s transformation accelerates because of the pandemic and global economic crisis, there is no “New Normal” for any organisation for the foreseeable future. Companies now confront a “New Dynamic” of constant, accelerated change. With global legal perspective and business insights, Dentons is well-equipped to provide its clients with the tools and talent needed to adapt in this fast, challenging environment.

“This combination with Durham Jones & Pinegar is a testament to our commitment to helping clients navigate this New Dynamic,” said Joe Andrew, Global Chairman of Dentons. “As the largest law firm in the world, we are constantly finding new ways to support our clients, wherever they may be. As we have seen from our initial Project Golden Spike combinations of Dentons Bingham Greenebaum and Dentons Cohen & Grigsby with Dentons US, when we work together, we are better able to help all our clients meet the evolving challenges they may face.”

“We are delighted to be combining with the talented professionals of Durham Jones & Pinegar in a key and growing market for our clients,” said Elliott Portnoy, Global CEO of Dentons. “The Salt Lake City metropolitan area is a model for the New Dynamic economy: a community with a history of strong economic growth and stability that continues to foster a vibrant, diverse group of innovative businesses and initiatives. We look forward to becoming the first global law firm with an office in the ‘Silicon Slopes.’”

Durham Jones & Pinegar is one of the largest and fastest growing top-tier law firms in Utah, with nearly 100 lawyers and offices in Salt Lake City, Lehi, Ogden and St. George. Known for its innovative and practical solutions, Durham Jones & Pinegar offers a spectrum of legal services in a number of specialised fields, including complex business and finance law, mergers and acquisitions, banking, commercial litigation, intellectual property, bankruptcy, real estate, tax, estate planning, employment, family law and immigration.

“We are excited to be combining with Dentons, a widely respected law firm that, like us, clearly prioritises innovation and adaptability, especially during these extraordinary times,” said Todd Leishman, Chairman and President of Durham Jones & Pinegar. “Our combination with Dentons will allow our clients to continue to be served by lawyers they know and trust, who can now connect them to colleagues across the country and around the world.”

Building on Dentons’ global polycentric model, Project Golden Spike increases the quality and breadth of service to clients on a national and global scale, while also enabling US member firms like Durham Jones & Pinegar to retain their defining characteristics and provide in and of the community insight wherever clients need it.

“In times of accelerated change, the model of law firm combinations needs to continue to transform,” said Toby McClamroch, Managing Partner of Dentons United States Region. “Through the Golden Spike model and this combination with Durham Jones & Pinegar, Dentons is able to foster true collaboration between member firms and continue its trajectory to better serve clients across our focus on the 100 largest legal markets in the US.”

At launch of the combination with what will be known as Dentons Durham Jones Pinegar, Dentons will extend its reach to 188 locations -with 37 in the US- in 76 countries.

In 2020 to date, Dentons has launched six combinations:

  • Dentons Bingham Greenebaum and Dentons Cohen & Grigsby, the inaugural member firms with Dentons US as part of Project Golden Spike;
  • Dentons Kensington Swan in New Zealand;
  • Dentons Lee in South Korea;
  • Dentons Jiménez de Aréchaga in Uruguay; and
  • Dentons Rattagan Macchiavello Arocena in Argentina.

Dentons has also opened offices in the British Virgin Islands and St. Lucia.

Deloitte announces 2019 Technology Fast 500™ EMEA rankings

A company from the UK tops Deloitte’s Technology Fast 500™ rankings for Europe, the Middle East, and Africa (EMEA), which was released today. The list is compiled by Deloitte’s regional Technology, Media & Telecommunications (TMT) industry group.

Overall, this year’s Technology Fast 500 list for the region features winners from 22 countries, with an average growth rate of 1,258 percent in 2019, compared to 969 percent in 2018.

Revolut is the number-one ranked company on the 2019 EMEA Technology Fast 500 list.

“When Revolut was founded in 2015, we had a vision to build a sustainable, digital alternative to traditional big banks. Our mission now is to help our customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which we operate” says Nik Storonsky, Founder & CEO of Revolut.

“We’re delighted to top the ranking. 12 million people now use Revolut to manage and improve their finances, and our growth reinforces the point that people are looking for alternative ways to manage their money.”

Nikolaas Tahon, EMEA Fast 500 Lead Partner commented “This year’s Fast 500 list is led by organisations demonstrating unprecedented growth, reflecting the continuing evolution in technology. We are aware that the current environment is a complex one for many organisations, particularly as leaders work out their future strategy. Deloitte congratulates Revolut as well as all other winners and we’re excited to see their continued achievements in the next year.”

Eversheds Sutherland publishes The State of Cannabis Law

Eversheds Sutherland is pleased to announce the publication of its comprehensive cannabis book, The State of Cannabis Law. Authored and researched by the firm’s Cannabis Industry team and published by Wolters Kluwer, The State of Cannabis Law is a first-of-its-kind book that provides an overview of all 50 states’ marijuana and hemp laws and includes information about key ancillary issues such as intellectual property, real estate and tax implications. The book is now available for purchase at the Wolters Kluwer online bookstore.

“Our Cannabis Industry team was formed to bring cross disciplinary insights to businesses operating in this rapidly growing industry, where state, federal and international regulations are still being developed,” said Mark D. Wasserman, Co-CEO of Eversheds Sutherland. “After working with many clients in the space, our team identified a need for comprehensive guidance on state-by-state laws which will hopefully be helpful to businesses working within and across state lines.”

As developments in the cannabis industry continue to move at rapid speed, current command of a state’s specific regulation, as well as its pending legislation and overall evolution with respect to cannabis, is vital for businesses to meaningfully work in the cannabis space, whether by serving clients, starting a business or as an ancillary service provider or other role. However, material available to make prudent decisions is often piecemeal and inconsistent in identifying various issues relevant in individual states. With this innovative book, the Eversheds Sutherland Cannabis Industry team has created a desk reference that provides industry participants with a streamlined and accessible starting point to understand the cannabis landscape in any given state.

“In the last decade, cannabis has emerged as a powerful tool for health, agricultural, and sociocultural and economic change,” said Anna C. Halsey, special counsel in the Eversheds Sutherland Intellectual Property practice group who co-authored and spearheaded the project. “Currently, more than two-thirds of the states and Washington DC have legalised marijuana for medical use while 11 states and Washington DC have legalised marijuana for adult or recreational use. Still more states have various nuances associated with their cannabis regulatory regimes. Due to these important variations, we have created this book and captured them in a single resource.”

Many significant legal and economic potentialities loom on the horizon that will continue to change the cannabis industry and legal landscape. As those changes happen, this book will evolve as well with upcoming editions.

About the Cannabis Industry Team

The Eversheds Sutherland Cannabis Industry Team is an assembly of experienced attorneys from across our practice groups and offices who serve the expanding and diverse needs of the cannabis industry. We combine deep industry knowledge, a network of relationships and subject matter experience to provide clients with the advice needed to successfully launch, grow, manage and work with cannabis companies. We scan for and study with depth the rising cannabis business questions and challenges—from communications and branding to transportation and banking—and proactively work with clients to develop strategic plans that leverage opportunities and address relevant issues. Our Cannabis Industry Team brings the legal and regulatory frameworks necessary to most any business decision made in the industry.