Law Firm News

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Law Firm News

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Looney & Grossman LLP

Looney & Grossman Attorneys Named Massachusetts Super Lawyers of 2006
Stewart Grossman, Joseph Matzkin, Robert Barber, Richard Grahn, Elizabeth Adler, and Mel Hoffman were named 2006 Massachusetts Super Lawyers. Through peer nominations, only five percent of Massachusetts attorneys are given this honor. Looney & Grossman proudly announces placement of six of their attorneys on the list featured in the November 2006 issue of Boston Magazine.

11-01-2006

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Kronish, Lieb, Weiner & Hellman, L.L.P.

Bankruptcy Partner Ronald R. Sussman Elected to Leadership Positions in TMA, ACTP
Ronald R. Sussman, a partner in Cooley Godward Kronish’s industry-leading Bankruptcy & Restructuring Practice, has been named to two leadership positions within important associations in the bankruptcy sector.

Mr. Sussman was re-elected to the Board of Directors at the Turnaround Management Association’s recent annual meeting in Orlando, FL. He will serve a two-year term, after having recently completed a first three-year term. Mr. Sussman was also recently elected Secretary/Treasurer of the Association of Certified Turnaround Professionals. He is also a member of the Board of Directors of ACTP.

The Turnaround Management Association (www.turnaround.org) is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, TMA has 7,100 members in 38 regional chapters who comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.

The Association of Certified Turnaround Professionals (ACTP) is the sole international organization dedicated to developing, monitoring and maintaining a program of certification for professionals engaged in the turnaround, crisis management, restructuring and renewal of troubled businesses, organizations and associations.

Cooley Godward Kronish’s Bankruptcy & Restructuring Practice represents secured lenders, official and unofficial creditors’ committees, equity committees, employee and retiree committees, tort committees, investors in distressed situations, debtors, companies and governmental entities in the negotiation of complex reorganizations. The group has handled major cases, including litigations in the Enron, Montgomery Ward, Federated Department Stores, Pacific Gas and Electric Company and USG Corporation Chapter 11 cases.

11-01-2006

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Hill, Ward & Henderson, P.A.

MARY SNYDER JOINS HILL, WARD & HENDERSON, P. A.
Hill, Ward & Henderson, P. A., is pleased to announce that Mary Snyder has joined the firm as an associate. Ms. Snyder is a graduate of the Indiana University School of Law. She will be a member of the firm’s Corporate and Tax Group, and will be practicing primarily in the areas of employee benefits and executive compensation.

11-01-2006

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Hawkins & Parnell LLP

Partner Speaks to RIMS
Mr. Marshall addressed practical, critical post-incident investigation "do's" and "don'ts" to minimize the risk of litigation, maintaining privilege, training front-line employees on responding to incidents, and practical suggestions for evaluation and managing claims. The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents nearly 3,900 industrial, service, nonprofit, charitable, and governmental entities. The Society serves 9,600 risk management professionals around the world.

11-01-2006

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Greenberg Traurig, LLP

Greenberg Traurig Expands Chicago Tax Practice
The international law firm of Greenberg Traurig, LLP announces the addition of Shareholder Lawrence H. Brenman to the Chicago Tax Practice.

Mr. Brenman assists clients in structuring and negotiating mergers and acquisitions, joint ventures, limited partnerships and limited liability companies. He counsels underwriters, institutional lenders and borrowers in connection with commercial finance matters and represents institutional investors and businesses in venture capital transactions. He has helped structure and carry out related tax planning for venture capital investments and private placement offerings. Mr. Brenman is experienced in tax planning for businesses, real estate development and syndication. Additionally, he counsels business owners on a wide range of issues, including business entity structuring, capitalization of the business, compensation of its executives, buy-sell arrangements, and day-to-day contractual matters such as leasing, licensing, and purchase and sale contracts.

“Larry is a highly accomplished and respected lawyer and is a strong addition to our tax and transaction practices in Chicago,” Paul T. Fox, Co-Managing Shareholder of the Chicago office said. “He is a tax lawyer focused on finding solutions and overcoming the obstacles that hinder our clients in achieving their business goals."

Mr. Brenman received his LL.M. from New York University School of Law, his J.D. from the University of Denver College of Law and his B.S. from the University of Colorado. He was most recently a Principal in the Chicago office of Much Shelist Freed Denenberg Ament & Rubenstein, P.C.

11-01-2006

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Goulston & Storrs - A Professional Corporation

Karin Rivard Joins Goulston & Storrs’ Technology Practice
Goulston & Storrs announced today that Karin Rivard has joined the firm’s Technology and IP groups. Prior to joining the firm, she served as Assistant Director and Counsel, Technology Licensing Office of Massachusetts Institute of Technology. She will be resident in the firm’s Boston office.
Ms. Rivard said “Following a rewarding experience in one of the most successful technology transfer offices in academia , and after much careful consideration, I have decided to make this transition to private practice. Goulston & Storrs’s is an innovative firm with a willingness to further expand its depth of expertise in the licensing and technology transfer arena, and I look forward to being part of that expansion in this new phase of my career.”
While at M.I.T, Ms. Rivard provided legal and business advice to MIT’s senior officers and other members of the M.I.T. community, regarding intellectual property management, protection and licensing, software development and licensing, equity acquisitions in start-up companies, litigation management, licensee bankruptcy, government contracts and export control matters. She was Trademark Officer for all of M.I.T.
Kitt Sawitsky, Goulston & Storrs’ co-managing director said, “Karin brings her sophisticated and high profile experience to our growing IP, technology and university/academic medical centers practices. We know that Ms. Rivard had her pick of Boston law firms and corporate law departments, and are honored and delighted she chose to join us. This is not only a great opportunity for her to grow her practice, but for us to better serve our clients.”
Ms. Rivard is a member of the Massachusetts Bar. She holds a JD from University of Southern California Law Center, May 1992, and a BA from Brandeis University, May 1987. Ms. Rivard is also a member of the National Association of College and University Attorneys (NACUA) and the Association of University Technology Managers (AUTM).

11-01-2006

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Fasken, Martineau & Du Moulin, L.L.P.

Canadian federal government announces new taxes on income trusts and other public flow through entities
On October 31, 2006, the federal government announced proposals to introduce a new tax regime for certain publicly traded trusts and partnerships ("specified investment flow-throughs" or "SIFTs") which will essentially treat such entities like corporations and tax their investors like shareholders. According to various reports, the impetus for the proposals was the government's increasing concerns over the loss of tax revenue, the shift of the income tax base from corporations to investors and the harm to national competitiveness that may result from the dramatic growth of income trusts in the Canadian marketplace.

The new rules will not apply until 2011 for existing SIFTs. New SIFTs that begin to be publicly traded after October 2006 will be subject to the new regime in 2007. A SIFT generally will include a conventional income trust but not a real estate investment trust.

According to the government, "tax rules that were designed essentially for non-commercial and portfolio investment trusts (and for owner-operated partnership businesses) are being used by large-scale business entities that are widely held and publicly-traded, and the results are not appropriate."

Under the proposed rules, a SIFT will be subject to tax at general corporate tax rates on business income and certain other income distributed to investors. Distributions of such income will be taxed to the investor as taxable dividends received from a Canadian corporation. The new rules will not affect distributions that are returns of capital.

In effect, the main targets of the proposed rules are non-resident investors and tax-exempt investors (such as RRSPs). Under existing rules, income distributions paid to a tax-exempt investor are not subject to tax at the SIFT or investor level and income distributions paid to non-resident investors are subject only to a withholding tax. Under the proposals, the after-tax return to such investors will be reduced by approximately 1/3 (one-third). The after-tax returns to individuals resident in Canada should not change as a result of these proposals.

The government analogized its new rules to changes previously made to the taxation of flow through entities ("FTEs") in the U.S.A. and Australia, saying that both of those countries "have foreclosed the kind of inappropriate avoidance of entity-level tax that Canada's FTEs now exploit."

Although no draft legislation has yet been released, the government indicated that, if necessary, it will consider anti-avoidance rules to ensure that its policy objectives are met and to prevent, among other things, an existing SIFT from unduly expanding during the four-year transition period. This anti-avoidance caveat could prevent a SIFT, for example, from acquiring assets from non-SIFTs but should not prevent existing SIFTs from consolidating.

11-01-2006

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