Tax Lawyers Exit Big Four, Head For Law Firms
Six high profile tax attorneys have left the Washington National Tax Services office of Big Four firm PricewaterhouseCoopers, and have landed at DC law firm Shaw Pittman. Is this the start of a trend? Shaw Pittman thinks it is.
"We are thrilled to be on the cutting edge of the trend of top attorneys moving from a Big Four accounting firm to an AmLaw 100 law firm," said Stephen B. Huttler, managing partner at Shaw Pittman. The firm has just added the six lawyers to its national tax law practice.
Michael F. Solomon heads the group of lawyers leaving PwC's National Tax Services group in the wake of last year's Sarbanes-Oxley legislation. Bob Morris, comanaging partner of PwC's National Tax Services commented that Sarbanes-Oxley's position on firms providing tax litigation services made it too difficult for Mr. Solomon and others to succeed in a Big Four firm.
"The issues faced by corporate tax departments and the needs and expectations of corporate CEOs, CFOs and VPs of Tax, particularly in the aftermath of Sarbanes-Oxley, have reinforced the need for companies to develops strong unions with quality driven tax practices independent of any accounting firms providing attest functions for these companies," said Mr. Solomon.
Mr. Solomon, who has more than 25 years experience in tax controversy matters, is joined by Elizabeth P. Askey, William A. Warren, James A. Ramsey, Regina M. Staudacher, and Eric J. Lucas in the move to Shaw Pittman. Mr. Solomon and Ms. Askey will join Shaw Pittman as partners.