Chicago, March 10, 2008 – Baker& McKenzie LLP announced today that it has expanded its globaltransfer pricing capabilities with the addition of Richard Boykin asPrincipal Economist. He will reside in the Firm’s London office untilmid-2009 before relocating to its New York office.
“Transfer pricing is an important growth area for Baker &McKenzie,” said John Peterson, Chair of Baker & McKenzie's GlobalTax Practice Group. “Expanding our global reach in transfer pricing iskey, given the multi-national nature of every transfer pricing project;as well as the increased focus of various tax authorities on transferpricing as a compliance area. Dick will boost the Firm’s critical massand skill set necessary to be a major player in the global transferpricing market.”
Commenting on Mr. Boykin joining, Alex Chadwick, head of tax inLondon, said: “Having Dick team up with us in London will increase ourcapabilities to manage multi-jurisdiction matters with multi-nationalteams providing first-rate transfer pricing services.”
“We are excited to have Dick join us. He complements our existingcapabilities in transfer pricing and will greatly enhance our presencein New York,” added Duane Webber, Chair of Baker & McKenzie’s NorthAmerican Tax Practice Group. “Adding transfer pricing professionals,like Dick, in all regions is essential to meet the growing needs of ourclients.“
Mr. Boykin has been practicing transfer pricingeconomics at KPMG since 1990, having been based in Washington, D.C.,the Silicon Valley, London, and New York. Mr. Boykin has held a numberof key positions while at KPMG including leadership of the firm'sglobal transfer pricing services group. A well-known transfer pricingadvisor, he speaks and writes frequently on transfer pricing andrelated topics. Mr. Boykin holds a Ph.D. in economics from theUniversity of Maryland.
“Dick’s well-regarded position within the economics community andour well-established position in the market for legal advice is awinning combination,” said David Hackett, North American ManagingPartner. “He will add significant depth and breadth to our tax andtransfer pricing practice globally, in Europe, and in the UnitedStates. Our clients benefit from the ability to use Baker &McKenzie as a ‘one-stop shop’ for many of our services, including taxplanning, tax controversy and transfer pricing advice.”
Baker & McKenzie has significantly added to its transfer pricingand economics capability with the recent additions of Ken Okawara inTokyo and Glenn DeSouza in Shanghai. Over the last few years, the firmhas also added Richard Fletcher (London), Stephan Schnorberger(Dusseldorf), Brian Cromwell (Palo Alto) and many others in the U.S.,Europe, Mexico and other Latin American countries. There are more than50 practitioners in the Firm’s Economics Group worldwide and over 150practitioners in the broader Global Transfer Pricing Practice.
Commenting on his joining, Mr. Boykin said: “I am excited to bringmy practice to Baker & McKenzie. The Firm has a recognized taxpractice offering extensive expertise in transfer pricing issues,particularly in transfer pricing audits, controversies, and disputeresolution. I look forward to working with the Firm in driving thegrowth of the practice.”
With a worldwide team of more than 550 tax lawyers, economists andfinancial analysts, Baker & McKenzie’s Global Tax Practice is thelargest tax practice of any law firm in the world. It ranks in 24countries in the International Tax Review World Tax 2008. Fifty-two ofour tax lawyers were named leading individuals in their field. Inaddition, Euromoney recognized twenty-one of our transfer pricinglawyers in its 2008 Guide to the World's Leading Transfer PricingAdvisers.