Overview
At any time, your company could experience disruptions on a variety of levels. These disruptions could be internal to the company, such as a cross-border business expansion, an increasingly remote workforce, a re-shoring of your global supply chain or integration of a newly acquired business. They could also be external, such as federal and state regulatory changes, global tax and fiscal policy shifts, or the unexpected entrance of competitors into a well-established market segment.
It is critical to be prepared to respond to disruptive forces quickly. Your response may involve multiple corporate functions, from the back office to the sales team, from procurement to manufacturing to distribution, from hiring to human resources to operations. These responses may impact your corporate strategy, operating model, ownership of critical assets or global footprint.
To effectively address the challenges from such wide-ranging corporate transformation projects, you need both technical legal skill and market sophistication.
Working across practice groups, our multi-disciplinary Corporate Transformation Services team has the experience and capabilities to design—and implement—complex, mission-critical projects. Our market-leading practices in Tax, Transactions, Employment, Regulatory and Intellectual Property all support you throughout major corporate lifecycle events. Our team can collectively focus on helping you execute your big-picture plans while supporting your corporate objectives, optimizing opportunities and minimizing risks and disruptions. We can assist with matters including supply chain restructuring; IP ownership; benefit plans and payroll issues; labor and employment issues such as union negotiations, privacy and data- protection law applicability; cyber security assessments; IT systems harmonization and transition services agreements in highly regulated industries; and more.
On the tax side, our group is strategically located around the world and bolstered by a 40-country panel of carefully selected, top-ranked law firm tax professionals. Our team has working relationships with—and an understanding of—taxing authorities across key global markets.
Along with our strong understanding of your business imperatives, we keep a sharp eye on market trends to put you ahead of the curve. We have a track record of success working with clients in a variety of industries, such as life sciences, medical devices, technology and traditional manufacturing. Our team draws on that experience, including years working at highly regarded business advisory and accounting firms, to design detailed legal step plans that bring together all of your internal stakeholders, help you manage your projects and provide practical solutions for your most challenging problems.
You can turn to us for every aspect of a project, from feasibility analysis and legal due diligence to implementation and ongoing support. Our deep experience handling large-scale global corporate transformations includes business expansion, corporate reorganizations, post-acquisition integrations, spin-off restructurings, pre-merger restructurings, legal entity rationalization and pre-IPO restructurings.
RELATED CAPABILITIES:
Digital Transformation
Our team has the necessary knowledge, skill and experience to help you achieve digital transformation and modernize every aspect of your operations. We align your business objectives with the legal and regulatory landscape as you adopt new technologies and transition away from offline work and traditional revenue models. Our deep understanding of the legal nuances, and of your business and industry, allows us to pinpoint risks and opportunities early in the process and help you succeed. And as your company makes new investments in digital capabilities, we also work closely with you in assessing and transforming your value chain and tax model.
Legal Entity Rationalization
As your business expands, redundant operating and dormant legal entities can lead to unnecessary costs, increased tax liabilities and inefficient use of business and legal resources. You can get in front of potentially significant exposure by reviewing your current group structure, and our team can help you handle these legal entity rationalization projects. We assess every aspect of your structure and operations, and develop a strong understanding of your business objectives, in order to evaluate all possible opportunities, challenges and risks and structure solutions that maximize value and minimize exposure.
Remote Workforce
The onset of the global COVID-19 pandemic brought tremendous change to the global work environment. Remote work eventually became an expectation among workers and job candidates alike. The issues presented by remote work span the enterprise—hiring to job location, payroll and corporate tax, compensation and benefits, and regulatory. Companies are making changes to HR policy, benefits packages and corporate structure. Some are implementing centralized employment companies, such as a “Global Employment Company.” Our team can help you assess the pros and cons of these strategies, design a global operating model built around remote work and implement the operating model changes required to go live.
Spin-offs and Restructurings
Our spin-offs and restructurings practice is unsurpassed in our depth of experience, sophistication and volume. To help you achieve your objectives, we draw on insights from our past work, including planning and implementing some of the largest and most complex corporate separation, reorganization and post-acquisition integration projects, which give rise to a wide range of tax issues requiring counsel from our skilled lawyers across practices. We can also help you coordinate the work of top accounting firms, economists, valuation consultants and other third-party advisors. Our clients include public and private US- and non-US-based corporations, and we provide counsel on tax-free and taxable spin-offs and structures, manage related tax processes to ensure proper sequencing of transaction steps, prepare legal opinions and SEC filings, and work with the IRS to obtain tax rulings.
