Partner and Global General Counsel Devika Kewalramani discusses the regulatory and ethical approaches taken to various matters from both a UK (England and Wales) and US (New York) perspective on the podcast, Practice Across the Pond, with U.K. CM Murray LLP partners.
Jan 27, 2025
Partner and Global General Counsel Devika Kewalramani joins U.K. CM Murray LLP partners, Corinne Staves and Zulon Begum on the podcast Practice Across the Pond in Episode 3, Navigating Transatlantic Structures in Professional Services. Joined by Steve Lueker, partner at Moses & Singer, they discuss the key challenges and issues for professional services firms in relation to transatlantic structures.
Corinne, Zulon, Devika and Steve discuss:
- An overview of common structures in professional services and key considerations to take into account, including regulation, tax, and liability
- The complexities of achieving full integration and strategic insights on alternative approaches that can be taken
- Regulatory considerations in the US, focusing on the extent to which non-lawyers can have a stake or influence a law firm
- Key factors from a US perspective, addressing what works for both domestic firms and those with an international footprint
- Challenges in US/UK transatlantic mergers, including issues such as profit sharing, cultural differences, tax implications and the distinctions between cash and accrual accounting
- Knock-on regulatory issues, such as conflicts of interest
- Essential considerations for firms planning a transatlantic combination
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