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Osborne Clarke has recruited two new partners to its corporate tax team, bolstering its service to new economy clients and establishing a permanent corporate tax function in the City.
Stuart Long was head of tax at Holborn-based Barnett Alexander Chart, before it dissolved following the departure of seven of its corporate and PFI partners to Altheimer & Gray six months ago.
Long will work with Michael Bell, who joins Osborne Clarke's Bristol office from Ernst & Young, where he was a senior manager within the corporate tax department. Bell also has four year's tax experience as an associate at Allen & Overy.
Bell says: "Osborne Clarke has an outstanding reputation for corporate work, particularly for technology clients. The wide range of experience that Stuart and I have gained in the tax field will blend well with the team's ability to offer a top-quality service."
Their arrival brings Osborne Clarke's corporate tax partner count to four. The team's existing clients include advertising agency Rainey Kelly Campbell & Roalfe, Prism Rail and venture capital trust company Quester.
Managing partner Leslie Perrin says: "Demand for high-level tax-planning advice is rising fast, in line with our commitment to technology clients and their inherently international marketplace. We already have a strong position among market leaders in tax planning work for the new economy, and these developments show that we're serious about broadening the accessibility of our services to these clients.
"Tax partners are not very easy to come by. Every firm knows that its ability to do deals is no bigger than the ability of its corporate tax team."
Personal tax associate Matthew Bennett, who heads the firm's owner-managed business unit, has also been promoted to partner.