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Press Release

Executive Compensation and Employee Benefits Lawyer Daniel McClain Joins Reed Smith

Issued by Reed Smith

Oct. 13, 2021

New N.Y. partner in Global Corporate Group to advise on M&A activities

NEW YORK, Oct. 7, 2021 – Reed Smith today announced the addition of Daniel McClain as a partner in its Global Corporate Group in New York.

McClain brings nearly 10 years of experience advising transactional teams on employee benefits, ERISA, and the executive compensation aspects of business transactions.

McClain joins Reed Smith from Baker Hostetler, where he advised private equity firms and their portfolio companies, as well as public and private businesses, on all stages of transactions, including: conducting due diligence of executive compensation arrangements and employee benefit plans; addressing potential benefit plan liabilities; drafting and negotiating provisions that relate to benefits and compensation; and counseling clients on how to transition, integrate, and streamline the benefit structures post-closing and incentivize and retain key employees. He focuses on suggesting and implementing practical solutions that align with the clients’ broader economic and business objectives.

“In over a decade of practice, Dan has been through the full life cycle of numerous corporate transactions, from fund raising to acquisitions to divestitures,” said James Tandler, co-chair of Reed Smith’s Global Corporate Group. “Our transactional work is exploding, and having that additional depth and perspective in benefits advice for our clients involved in transactions will be a major plus for them.”

In addition to his work in the M&A context, McClain counsels clients on the design and implementation of deferred compensation plans, equity plans, incentive awards, and severance plans, and he guides employers through tax and other regulatory issues related to employee benefits and executive compensation (e.g., Internal Revenue Code sections 280G, 162(m), and 409A) and legal and practical implications of those plans. He also has experience advising employers and committees on benefit plan governance and ERISA fiduciary matters.

“Reed Smith’s corporate group is experiencing substantial growth, and its expansive global platform will allow me to work on complex international transactions, which I am looking forward to,” McClain said. “The firm’s approach to integrating teams to execute on transactions produces the best quality and most efficient outcome for the client, and I am thrilled to be joining the group."

McClain earned his J.D. from Notre Dame Law School, magna cum laude, where he was the Notes and Submission Editor for the Notre Dame Law Review. He earned his B.S. from Miami University, magna cum laude.

“Continuing to add high-quality talent to our corporate practice is a priority for the firm, and we are very happy to have Dan join us in New York,” said Cindy Minniti, managing partner of Reed Smith’s New York office.

About Reed Smith

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters. Now celebrating more than 140 years of service, our firm spans 30 offices with 3,000 people, including 1,700 lawyers.

For more information, please visit www.reedsmith.com.

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