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North America - United States • Tax

Proskauer Rose LLP

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Proskauer Rose LLP’s transactional tax team has considerable experience handling the full spectrum of corporate and financial taxation matters, with particular strength in the fund formation space. The group is also notably active in the sports sector, recently advising Major League Soccer on several issues, including the signing of soccer legend Lionel Messi by Inter Miami CF. Amanda Nussbaum, with considerable expertise structuring taxable and tax-free M&A, real estate transactions, and capital markets offerings, as well as in sports tax matters, heads the practice in New York. David Miller, also in New York, has broad experience encompassing the taxation of derivatives, private equity and hedge funds, lending transactions, multinational mergers, and workouts, among other issues. Scott Jones in Boston focuses on tax planning for private equity fund managers in relation to fundraising and internal organization matters. He also advises domestic and international investors on investments in venture capital, buyout, and hedge funds. Arnold May and Jeremy Naylor, both in Boston, are well known for advising fund managers and fund sponsors, respectively. Jamiel Poindexter, also in Boston, handles matters involving venture capital, buyout, and secondary funds, as well as other investment partnerships. Alan Parnes retired in April 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team offers breadth of experience, knowledge and practical guidance.'

  • ‘Amanda Nussbaum is excellent. She is always available, responsive, extremely knowledgeable and practical in her guidance. We rely on her almost exclusively for tax advice.'

Key clients

  • Adams Street Funds
  • Almanac Realty Investors, LLC
  • Angeleno Group
  • Apollo S3, Blackstone Strategic Partners and Five Arrows
  • Arbour Lane Capital Management
  • abrdn Inc.
  • DFW Capital Partners
  • The Firmament Group
  • Intapp, Inc.
  • JMI Equity
  • Major League Soccer
  • MGG Investment Group LP
  • Newbury Partners
  • New Enterprise Associates Inc.
  • Owl Rock Capital Corporation
  • Pacific Lake Partners
  • Strategic Partners Fund Solutions
  • TGL Golf Holdings LLC / TMRW Sports
  • Women’s Tennis Association (WTA)
  • 32 Equity

Work highlights

  • Advised Major League Soccer, L.L.C. (MLS) on three deals this year: the signing of soccer icon Lionel Messi, the formation of Leagues Cup, and the League’s expansion to San Diego.
  • Advised Ares Management Corporation on the closing of its latest fund, Ares Sports, Media and Entertainment Finance.
  • Advised longtime client New Enterprise Associates on the formation and closing of two funds – New Enterprise Associates 18, L.P. and NEA 18 Venture Growth Equity, L.P. – which totaled over $6.2 billion.

Lawyers

Hall of fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

David Miller

David Miller

Work highlightsProskauer Rose LLP

David Miller is a partner in Proskauer's Tax Department. David advises clients on a broad range of domestic and international corporate tax issues. His practice covers the taxation of financial instruments and derivatives, private and public REITs, cross-border lending transactions and other financings, international and domestic mergers and acquisitions, multinational corporate groups and partnerships, private equity and hedge funds, bankruptcy and workouts, high-net-worth individuals and families, and public charities and private foundations. He advises companies in virtually all major industries, including banking, finance, private equity, health care, life sciences, real estate, technology, consumer products, entertainment and energy. David is strongly committed to pro bono service, and has represented more than 500 charities. David has been consistently recognized by leading industry publications, such as Chambers Global, Chambers USA, Best Lawyers and The Legal 500. Clients surveyed by Chambers USA said, “We bring him in on complex matters because he has the experience and the gravitas.” David is one of 17 lawyers in the United States in The Legal 500’s Hall of Fame for US Tax (non-contentious). David has taught the taxation of financial instruments at Columbia Law School, and tax policy at New York University School of Law. He is also a frequent author and has written a number of articles and chapters in various tax publications. David is the former chair of the tax section of the New York State Bar Association. Prior to joining Proskauer, David was a partner at Cadwalader, Wickersham & Taft LLP.

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Amanda Nussbaum

Amanda Nussbaum

Proskauer Rose LLP

Amanda H. Nussbaum is the chair of Proskauer's  Tax Department as well as a member of Proskauer's Private Funds Group. Her practice concentrates on planning for and the structuring of domestic and international private investment funds, including venture capital, buyout, real estate and hedge funds, as well as advising those funds on investment activities and operational issues. She also represents many types of investors, including tax-exempt and non-U.S. investors, with their investments in private investment funds. Amanda has significant experience structuring taxable and tax-free mergers and acquisitions, real estate transactions and stock and debt offerings. She also counsels both sports teams and sports leagues with a broad range of tax issues. In addition, Amanda advises not-for-profit clients on matters such as applying for and maintaining exemption from federal income tax, minimizing unrelated business taxable income, structuring joint ventures and partnerships with taxable entities and using exempt and for-profit subsidiaries. Amanda has co-authored with Howard Lefkowitz and Steven Devaney the New York Limited Liability Company Forms and Practice Manual, which is published by Data Trace Publishing Co.

Practice head

The lawyer(s) leading their teams.

Amanda Nussbaum

Other key lawyers

David Miller, Scott Jones, Arnold May, Jeremy Naylor, Jamiel Poindexter, Martin Hamilton, Janicelynn Asamoto Park