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Washington DC firm Arnold & Porter has pulled off a coup in New York by attracting the former chair of the international tax team from Jones Day Reavis & Pogue.
Richard Andersen, a leading tax lawyer, is joining Arnold & Porter to spearhead the development of a tax practice in New York.
Andersen practices in US federal income tax with a focus on international tax planning for foreign clients doing business in the US, and US companies investing overseas.
He also works on transnational financings, public and private securities offerings, M&A, international financial products and the formation and operation of international joint ventures and investment funds.
He joins one other tax partner and an of counsel in the New York office, but plans to double that team in the next two years, working closely with the bulk of the firm's tax practice in Washington DC.
Anderson says: "The tax practice is larger at Jones Day, and the firm as a whole is larger. The reason for the move is quite simple - the variety and the extent of work in the New York office that requires tax support is very interesting. There is a broader variety of matters that are both domestic and international."
Head of Arnold & Porter's 35-lawyer tax group Richard Hubbard says: "We have had an increasing amount of transactional business out of our New York office including quite a lot of cross-border transactions. We had been handling the tax aspects from the Washington office, and we had been looking to add tax in New York for a while."