Mr. Stein is widely lauded as "a tough lawyer but a gentleman." He concentrates on transactional tax matters and garners additional praise for being an "outstanding" and "extremely technically proficient" lawyer.Chambers USA 2018

Laurence J. Stein

Los Angeles
  • 355 South Grand Avenue, Suite 100
  • Los Angeles, CA 90071-1560
  • USA

Larry Stein is a tax partner in the Los Angeles office of Latham & Watkins and served as the Global Chair of the Tax Department from 2000 - 2011. His major practice area is transactional tax, where he has extensive experience representing a variety of private equity firms, private and public companies, and financial institutions with regard to the structuring and tax aspects of:

  • Mergers, acquisitions, dispositions, restructurings, and tax-free reorganizations
  • Spin-off transactions (including obtaining numerous private letter rulings from the National Office of the Internal Revenue Service)
  • Offerings of debt, equity, and other financial instruments
  • Partnerships

Mr. Stein is cited as a leading California tax attorney by The Legal 500 US, ranked Band 1 by Chambers USA, recognized as a leading tax lawyer in the World Tax guide, and named a world leading corporate tax lawyer by Who’s Who Legal. He has also lectured on various tax aspects of mergers, acquisitions, and dispositions before numerous professional tax organizations, including:

  • The Tax Executives Institute (including the Houston, Boston, New York, Santa Clara, San Francisco, and Los Angeles chapters)
  • The University of Chicago Tax Conference
  • The University of Southern California Tax Institute
  • The New York University Institute on Federal Taxation
  • PLI’s Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations, and Restructurings

Mr. Stein also serves on the advisory board of the New York University Institute on Federal Taxation.

Following law school, Mr. Stein clerked for Judge Walter J. Cummings, Chief Judge of the US Court of Appeals for the Seventh Circuit.

Mr. Stein's experience includes advising:

  • Entercom in its acquisition of CBS Radio via a Reverse Morris Trust transaction 
  • Delphi Automotive PLC in its tax-free spin-off of its Powertrain Systems segment
  • LogMeIn in its acquisition of the GoTo business of Citrix Systems, a provider of collaborative communication solutions for small businesses, via a Reverse Morris Trust transaction 
  • Archrock Holdings in its spin-off of the international services and global fabrication businesses of Exterran Holdings
  • Integra LifeSciences in its tax-free spin-off of SeaSpine Holdings, a spine fusion medical device company
  • Allergan in its US$40.5 billion sale to Teva Pharmaceutical, a specialty pharmaceutical company
  • Allergan in its US$160 billion acquisition of Pfizer, a world-leading pharmaceutical company (matter withdrawn)
  • Allergan in its US$73 billion sale to Actavis plc, a world-leading pharmaceutical company. This transaction was recognized by The American Lawyer in its Big Deal section in January 2015 as the largest M&A transaction of 2014
  • Demand Media, a worldwide digital and media company, in its tax-free spin-off of its domain services business
  • Questar Corporation, natural gas-focused energy company, in its tax-free spin-off of QEP Resources, Inc. to stockholders
  • Actavis in its US$8.5 billion acquisition of Warner-Chilcott, an Ireland-based pharmaceutical company focusing on women’s healthcare
  • Actavis in its US$28 billion acquisition of Forest Laboratories, a specialty pharmaceutical company
  • Questcor Pharmaceuticals in its US$5.6 billion sale to Mallinckrodt, an Ireland-based biopharmaceutical company
  • Darden Restaurants in its US$2.1 billion sale of Red Lobster, a chain of full service seafood restaurants, to Golden Gate Capital
  • Plains Exploration and Production Company, an independent oil and gas exploration and production company, in its US$10.75 billion tax-free merger with Freeport-McMoRan Copper and Gold, Inc.
  • QEP Resources in its US$2.5 billion sale of Entrada Midstream, QEP’s Field Services business, to Tesoro Logistics
  • Cadence Pharmaceuticals, a biopharmaceutical company focused on in-licensing, developing and commercializing proprietary products, in its US$1.4 billion sale to Mallinckrodt
  • Seamless North America, LLC in its merger with GrubHub, two leading providers of mobile and online portals that provide restaurant information and services
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