Greenberg Traurig Expands Tax Practice with New Philanthropy Expert Molly Unterseher

Greenberg Traurig Enhances Its Tax Practice with Philanthropy Lawyer

In a strategic move to bolster its Tax Practice, global law firm Greenberg Traurig, LLP has announced the addition of Molly S. Unterseher as a shareholder. This addition marks a significant step in the firm’s continued growth, especially within the realm of philanthropic law and tax-exempt organizations.

Molly Unterseher, previously a partner at Nixon Peabody LLP, brings a wealth of experience from her tenure in their Nonprofit Organizations practice. At Greenberg Traurig, she will be based in both the Philadelphia and New York offices, where she will work closely with high-net-worth individuals, families, private foundations, public charities, and for-profit company charitable affiliates. Her focus will be on the formation, governance, and operation of philanthropic entities.

Erika Mayshar, chair of the Tax-Exempt Organizations and Philanthropy Practice at Greenberg Traurig, emphasizes the importance of having seasoned advisors like Unterseher. She states, "Our clients hold leadership roles in major philanthropic foundations and execute transformative gifts to institutions nationwide. They require legal support that blends technical knowledge and sound judgment, which is precisely what Molly brings to the table."

Unterseher’s expertise is particularly noteworthy in navigating the complex regulations that govern private foundations. Areas such as grantmaking, endowments, self-dealing practices, excess business holdings, termination taxes, and both program-related and mission-related investments are all within her sphere of knowledge. In addition, her interdisciplinary approach ensures that she collaborates effectively with teams across various domains, including private wealth, corporate law, real estate, and healthcare. This collaboration is crucial for safeguarding tax-exempt status and meeting regulatory standards.

According to Paul R. McIntyre, managing shareholder of Greenberg Traurig's Philadelphia office, Molly’s extensive background in advising nonprofits and high-net-worth individuals will enhance the firm's capacity to meet the growing demand for sophisticated counsel regarding tax exemptions. He highlights the firm's commitment to a multidisciplinary approach, reflecting the expectations of their valued clients.

Upon joining Greenberg Traurig, Unterseher expressed enthusiasm about the firm’s extensive resources and national presence. She stated, "I’m excited to leverage Greenberg Traurig's robust platform to provide a wide range of services to my clients, allowing them full access to our dedicated nonprofit and philanthropy practices. I look forward to fostering collaborations across different practices to help clients achieve important philanthropic goals and community-focused initiatives."

Greenberg Traurig, LLP is recognized for its comprehensive legal services across 51 locations worldwide, employing approximately 3,000 attorneys. The firm is acknowledged in the legal community for its innovative strategies and commitment to philanthropy, ranking consistently among the elite firms in various prestigious legal directories. Through the integration of unique expertise within the firm, clients are poised to maximize their charitable impact amidst a historic wealth transfer.

As philanthropic endeavors continue to evolve, the addition of Molly Unterseher may well represent a pivotal enhancement to the capabilities of Greenberg Traurig's Tax Practice. By combining her insights with the firm’s existing strengths, they remain well-positioned to address the intricate needs of charitable organizations and individuals steering significant philanthropic initiatives.