Lauren Angelilli Speaks at the USC Gould School of Law 2023 Tax Institute

On January 24, 2023, Cravath partner Lauren Angelilli spoke at the USC Gould School of Law 2023 Tax Institute, which was held virtually from January 23-25, 2023. Lauren spoke on a panel entitled “Partnership Compensation,” which examined tax considerations relevant to the use of partnership equity to compensate service providers, and reviewed the framework of rules applicable to profits interests, the effect of Section 1061 on their tax treatment, and how the application of these rules can vary in different scenarios and influence the optimal structure for exit.