Jones Walker Expands its Tax Practice with Bob Stephan in Illinois

Jones Walker Expands Its Tax Practice with Bob Stephan in Illinois

Jones Walker LLP is thrilled to announce the arrival of Robert "Bob" Stephan as a partner in its Tax Practice Group. This strategic hiring represents a significant expansion for the firm, now reaching into the Illinois market by establishing a presence in Chicago. Bill Hines, the managing partner, expressed excitement about Bob's addition, stating that his technical expertise and strategic insight will elevate the firm’s transactional tax team, delivering meaningful impact to clients and broader economic revitalization efforts.

A Wealth of Experience

Bob Stephan is not just an ordinary addition to the team; he brings a wealth of experience in structuring complex, tax-advantaged financing transactions that support both community development and economic initiatives. His experience encompasses assisting community development entities, institutional investors, and project developers primarily in federal and state new markets tax credit transactions. Through his effective structuring of these transactions, he has maximized opportunities that marry federal new markets tax credits with other state incentives.

His repertoire includes designing pooled loan facilities that facilitate large-scale credit structures, thereby expanding access to financial support for significant projects. Additionally, his adept application of targeted population rules is vital for amplifying economic opportunities, especially in underserved communities. Bob’s record illustrates his commitment to not only advancing client goals but also supporting broader economic growth.

Vision for the Future

“I am really excited to join such an experienced and well-respected team of lawyers with a proven track record in structuring complex transactions,” Bob said, highlighting his eagerness to collaborate with like-minded professionals who share his commitment to innovation and community impact. The firm’s leadership in various tax credits, including new markets and historic rehabilitation, along with its dedication to affordable housing programs, presents the perfect environment for Bob to further his practice while significantly benefitting his clients.

His breadth of knowledge is not limited to tax credits. He also has considerable expertise in healthcare, municipal, and project finance, equipping him to tackle a diverse array of transactions across the country, ranging from manufacturing facilities to mixed-use developments and various community projects.

About Jones Walker

Jones Walker LLP is one of the leading law firms in the United States, ranking among the largest 145 firms nationwide. With offices across several states including Alabama, Florida, Georgia, Illinois, and Texas, the firm provides legal services to a broad array of clients, including major corporations, money-center banks, and emerging companies operating both locally and internationally. The firm prides itself on delivering comprehensive legal services and innovative solutions tailored to clients’ needs.

In conclusion, Bob Stephan's addition to Jones Walker underscores a strategic direction aimed at bolstering their transaction tax capabilities in Illinois. With his vision and the firm's resources, they are poised to make a substantial difference in community development and economic revitalization across the region.