As more U.S. companies seek to lower their tax rates by reincorporating overseas through so-called inversions, at least three dozen U.S. firms have capitalized on the trend. Skadden, Arps, Slate, Meagher & Flom leads the way, advising on the most number of inversions since 2010—at least 13, worth a collective $234.8 billion. Nonetheless, these deals have faced considerable pushback from lawmakers and the Obama administration, leaving their future unclear.

Top Tax Lawyers Mum on Inversion Debate
More than a decade ago, when corporate inversions came under scrutiny, a group of leading New York tax lawyers—headed by a Paul Weiss partner and including partners from Skadden, Sullivan & Cromwell and Cravath—took a principled stand and called for urgent action to stop these deals. Twelve years later, a new wave of inversions has sparked controversy and calls for reform. This time the corporate tax bar’s lawyers are silent.


Corporate Inversions Since 2010

Top Legal Advisers on Inversions by Volume and Deal Value