McDermott Will & Emery has added an international transfer pricing team to its Texas-based tax practice.
Mark R. Martin joins the firms Houston office as a partner and as head of a team including partner John T. Woodruff and associate Mark Horowitz in Houston, along with professional advisors Cym H. Lowell, Hiroaki Furuya, Tracy Gomes, and Haiyan Zhang in McDermotts Dallas satellite office. All seven members of the team previously worked at Gardere Wynne Sewell. Martin is the incoming Chair of the Transfer Pricing Committee of the American Bar Association, and Lowell is Vice-Chair of the International Chamber of Commerce Taxation Commission. All possess highly specialized knowledge of the effects of cross-border transactions on the tax base of one or both of the jurisdictions involved.
Cym Lowell and I had been practicing together for about 10 years. The tax brand associated with McDermott was very interesting to us. We spent a lot of time working on the business plan, thinking about how we could merge our practice into McDermott, Martin said.
Our transfer pricing practice is associated with the oil patch service companies, chemical companies, drillers, engineering firms that are involved in the energy space. McDermott was trying to grow its Houston office, its exposure to the oil patch, added Martin.
"Transfer pricing knowledge has become increasingly important in Texas as oil companies and suppliers with significant international operations seek to adapt with more efficient tax structures," commented Steven G. Spears, partner-in-charge of McDermott's Houston office.