25th January 2017
MSI's Illinois law member Levenfeld Pearlstein announces its niche corporate practices including Employee Stock Ownership Plans (ESOPs) and accounting firm mergers.
Levenfeld Pearlstein’s niche national practice Employee Stock Ownership Plans (ESOPs) are tax-advantaged employee ownership devices for middle market businesses. The firm regularly represents existing owners in sales to ESOPs as well assisting ESOPs in regulatory compliance. According to David Solomon, chair of the firm’s corporate group and head of its ESOP practice, in 2016, the firm’s ESOP Group closed more than 20 transactions involving the sale of companies to their employees. This transactional pace is now on par with levels before the Great Recession, reflecting the return of strong valuations for and financeability of middle market companies.
Another one of the firm’s niche national practices is accounting firm mergers, headed by partner Russell Shapiro. According to Shapiro, the record high volume of US accounting firm mergers the firm handled in 2015 continued into 2016 and is likely to taper only as targets become scarcer.
All the while, according to the MSI liaison Steven Weiss, the firm’s general M&A practice has eclipsed pre-recession levels, driven by private equity and strategic clients reentering the middle market.
Recognized by The National Law Journal as one of the nation's most innovative mid-sized law firms, Chicago-based Levenfeld Pearlstein, LLC provides legal and business counsel to sophisticated clients across a broad range of corporate, tax, real estate and litigation matters.
View firm profile
RT @BowditchDewey: We are excited to announce that Bowditch & Dewey is the newest member of @MSI_Global! Read more on our website. https://…
We are delighted to have @BowditchDewey join our association. https://t.co/uQIRSdp3DS
Despite having his passport stolen #Pedro had a great visit to the offices of @allcpas #msifamily #msimonth… https://t.co/hZ2spI5VOO