UK: New Partner and US Combination Boosts Employee Share Incentives Group at Mayer, Brown, Rowe & Maw LLP
Last Updated: 3 February 2003

Mayer, Brown, Rowe & Maw LLP is pleased to announce the promotion of Andrew Stanger to partner, effective from 30 December 2002.

Andrew qualified into the Corporate Tax Group in 1997 after training at the firm and now heads up the Employee Share Incentives Group in London. He also advises on the tax consequences and structuring of all types of equity participation in business ventures. Prior to training as a lawyer, he spent ten years in the music business.

The Employee Share Incentives Group has significantly increased in size in the last year, with Kirsty Payne, a seven-year qualified lawyer from the Corporate Department with experience of both listed and private company clients, moving full time into the group. In addition, the Combination in February 2002 has enabled the firm to offer a comprehensive "one-stop" service to multinationals.

"The past few months have been an exciting time for the group. The Combination has led to a marked increase in the amount of international work undertaken, both UK and US sourced, and has enabled us to offer a much increased service, both to existing and prospective clients. Kirsty's arrival has also been welcome, giving the group increased capacity and the benefit of her corporate expertise," Andrew comments.

"We are now well positioned to advise on the wealth of new tax and regulatory issues relevant to this area. One general effect of most of the currently proposed changes will be to level the playing field between different types of incentives, and this should lead to more creative thought being put into the design of employee share schemes, which is a challenge we welcome.

"Whilst the stock markets may currently be depressed, I do not think this will result in companies reducing their reliance on employee share incentives. These have now become an expected part of the remuneration package for most executives and employees, and indeed are something which investors will generally look for in investee companies."

The group advises on the design and implementation of the full range of employee share schemes, and with their corporate and tax background they also specialise in advising on the employee share scheme aspects of corporate transactions such as takeovers and flotations.

Clients of the group include EMI, Reuters, General Electric, Persimmon plc, Cambridge Antibody Technology Group plc, GW Pharmaceuticals plc and St Modwen Properties plc.

For further information, please contact:

Andrew Stanger, Partner: 020 7782 8934
Angela Woodruff, Media Relations Manager: 020 7782 8804

About Mayer, Brown, Rowe & Maw

  • Mayer, Brown, Rowe & Maw is among the ten largest law practices in the world – the result of the combination on 1st February 2002 between US based Mayer, Brown & Platt and UK based Rowe & Maw. We have more than 1300 lawyers in key cities throughout Europe and the US. We also have a correspondent relationship with one of the leading law firms in Mexico City and associated consulting firms in Shanghai and Beijing.
  • Mayer, Brown, Rowe & Maw is a combination of Mayer, Brown, Rowe & Maw LLP (an English limited liability partnership) and Mayer, Brown, Rowe & Maw (a US general partnership).

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