Tax Department Receives a Dose of SALT from Bracewell
Fresh Take:
18th June, 2025: Bracewell Steps Up Tax Game with Derek L Young's Appointment
Get ready for some major shakeups in the tax world, folks! Derek L Young, a seasoned pro in the state and local tax (SALT) game, has just joined the ranks at global law firm Bracewell. He's going to be stationed in their New York office, ready to tackle the tax challenges head-on.
Young comes aboard after a dozen years at Baker Botts, where he was a special counsel, dishing out sage advice on all manner of SALT issues. His expertise includes navigating the intricacies of income, franchise, gross receipts, sales, and use, unemployment, withholding, property, and excise taxes, to name a few. And if that wasn't impressive enough, Young has a knack for litigating complex property tax matters in over 130 Texas counties, taking it all the way to the Texas Supreme Court.
In his new role, Young will provide insights on the state and local tax implications of changes in business activities and corporate transactions, such as financings, sales, restructuring, and mergers and acquisitions. Talk about versatility!
Gregory M Bopp, the managing partner, couldn't contain his excitement about the upcoming addition. "I can't wait to welcome Derek to the team. His wealth of experience advising companies on SALT matters across the nation gives our top-notch tax practice an extra boost," he said.
Elizabeth L McGinley, chair of the firm’s tax department, shared similar sentiments. "Derek's strategic approach to SALT planning and management is key in today's complex regulatory and business environment. His transactional and litigation experience will complement our existing SALT capabilities, beefing up our ability to counsel project developers on economic development incentives and broader transactional issues," she added.
Derek L Young himself couldn't help but swoon at the prospect of joining Bracewell. "I'm thrilled to dive into this dynamic firm. The solid foundation of Bracewell's federal and state tax practices presents a fertile ground for me to blossom and collaborate on game-changing tax strategies that will benefit our valuable clients," he said.
There you have it - Bracewell is stepping up its tax game, and it's going to be exciting to see what they achieve with Derek L Young on board!
Enrichment Data Snippets:- Young has a significant background in SALT, with a focus on oil, gas, and utility sectors.- Before joining Bracewell, Young spent 12 years honing his skills at Baker Botts.- Young's arrival will enhance Bracewell's tax department's SALT capabilities in areas like transactional, strategic SALT planning, and litigation.- Bracewell's tax practice leaders believe that Young's strategic approach to SALT planning and management is vital in the current complex business and regulatory environment.- Young holds a J.D. from Georgetown University Law Center, a Master of Laws in Taxation from the same institution, and a B.A. in Finance and Accounting from Rutgers University.
In his new role at Bracewell, Derek L Young will leverage his expertise in SALT to provide insights on the state and local tax implications of changes in business activities and corporate transactions, such as financings, sales, restructuring, and mergers and acquisitions. His appointment will enhance Bracewell's tax department's capabilities in transactional, strategic SALT planning, and litigation, bringing a significant background in SALT, with a focus on oil, gas, and utility sectors to the firm's business and corporate clients.
