Montgomery McCracken Adds Tax Partner in Philly Office

April 28, 2014

By By Matthew Villmer

New York (April 28, 2014, 5:24 PM ET) —Montgomery McCracken Walker & Rhoads LLP has expanded its Philadelphia office adding the former chair of Schnader Harrison Segal & Lewis LLP’s tax practice group, who has experience with tax planning for a number of high-profile mergers and other transactions, the firm announced Monday.

Jonathan R. Flora joined the firm as a partner on April 28, and he will focus his practice on advising clients on federal, state and local tax issues.

“I am delighted to join the firm,” Flora told Law360. “Montgomery McCracken’s tax attorneys share a strong foundation of tax knowledge and a broad understanding of current business practices, and I look forward to working with them to help clients meet their needs.”

Flora has represented clients on tax planning and structuring for a broad range of transactions, including joint ventures, mergers and acquisitions, divestitures, reorganizations, redemptions, liquidations, securitizations, issuance of securities, licensing, workouts, and tax-free exchanges.

He also routinely advises pass-through entities on operating, allocation and distribution issues, and he provides tax advice and counsel to tax-exempt and nonprofit entities.

In the past, Flora has given tax planning advice to sellers on a multimillion-dollar stock sale of biotechnology company to a Fortune 500 company, and to a health insurance company on a sale to a Fortune 500 heath provider.

He has also served as lead tax attorney on several acquisitions and divestitures of portfolio companies private equity funds, involving complex LLC preferred returns, tax-free management rollover and highly leveraged target companies

In addition to his legal acumen, Florida is a member of the Tax and Business Sections with the American Bar Association, a Tax Section council member for the Philadelphia Bar Association, and a member of the National Association of Bond Lawyers.

“Jonathan’s wide range of experience and capabilities in the area of tax planning and structuring will strengthen our business transactional services,” Louis Petroni, vice chairman of the firm and co-chair of the firm’s business department, told Law360. “We are pleased to welcome him to the firm.”

Flora received his master of law degree in taxation from New York University and his master of arts from the University of California, Davis. He earned his law degree from the University of Maryland School of Law and his bachelor’s degree from Towson University.

He is licensed to practice in Pennsylvania, California, the District of Columbia and the U.S. Tax Court.

–Editing Elizabeth Bowen.

Copyright Law360. Reprinted here with permission.