April 12, 2021
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Brian Krause will join the firm as a partner in the Tax Department, based in the firm’s New York office.
“Brian is a highly regarded tax advisor who has gained the trust and admiration of both his clients and his peers for his wide-ranging U.S. and international transactional expertise and his nimble, solutions-oriented approach,” said Paul, Weiss Chairman Brad S. Karp. “We are delighted to welcome Brian to our partnership, where his skills and tax expertise will be an excellent complement to the firm’s work advising on our clients’ most sophisticated transactions.”
“I am excited to join my new colleagues at Paul, Weiss which is well known for managing some of the most complex and significant deals in the market,” said Mr. Krause. “This is an exciting opportunity to help grow the firm’s already outstanding transactional practice, and guide the firm’s clients through the tax implications of their most mission-critical transactions.”
Mr. Krause is a broadly experienced domestic and international tax lawyer who advises clients on a range of U.S. and international tax matters, with a particular focus on cross-border transactions. He advises on the tax aspects of mergers and acquisitions, joint ventures, post-acquisition integration transactions, internal restructurings, and the establishment of private equity fund and hedge fund structures. Brian also provides tax advice in connection with the restructurings of financially distressed corporations and partnerships, distressed companies both in and out of bankruptcy court, and in matters involving master limited partnerships.
Mr. Krause has handled tax-related issues in connection with some of the world’s most significant and complex transactions. Among recent highlights, Mr. Krause advised Pfizer Inc. on the tax aspects of its consumer health care joint venture with GlaxoSmithKline that created the world’s largest maker of over-the-counter products; Exxon Mobil Corporation in its joint venture with Saudi Basic Industries Corp. (SABIC), Gulf Coast Growth Ventures; Worldpay, Inc. in its $43 billion merger with FIS; and Frontier Communications Corp. in its $10.54 billion acquisition of the wireline operations from Verizon Communications Corp. Mr. Krause has also advised clients on tax issues related to their restructurings, including Atlas Resource Partners, L.P. in its prepackaged bankruptcy; Triangle USA Petroleum Corp. in its chapter 11 reorganization; and CIT Group Inc. in its prepackaged bankruptcy. He has also advised on tax matters related to master limited partnerships.
Mr. Krause is recognized as a leading tax lawyer in New York by Chambers USA, was named a 2020 “Rising Star in Tax” by Law360, and was named among Euromoney LMG’s tax “Rising Stars Americas 2020”. After advising Vantiv on its $12 billion acquisition of Worldpay, Mr. Krause was part of the team awarded The American Lawyer and Legalweek’s 2018 “Transatlantic Tax Team of the Year” and International Tax Review’s “Americas Tax Awards 2018: Americas Technology” and “Telecommunications Tax Deal of the Year.”
Mr. Krause is also deeply committed to pro bono work. He has been named several times as the recipient of the Legal Aid Society’s Pro Bono Publico award for his work with LAS’s Low Income Tax Clinic.
Mr. Krause has been published extensively in a variety of leading legal publications discussing IRS and tax-related issues, in addition to authoring several articles on the 2017 U.S. tax reform legislation and its effects on business entities and individuals. He is co-chair of the Committee on Bankruptcy and Losses and a member of the Executive Committee of the Tax Section of the New York State Bar Association, and is also a Fellow of the American Bar Foundation.
Mr. Krause earned his J.D. at Rutgers University School of Law and his Tax LL.M. at New York University School of Law.