Elizabeth Stevens joined Caplin & Drysdale in 2015 as an Associate after her clerkship with Judge Robert A. Wherry, Jr., of the U.S. Tax Court. Ms. Stevens' combined experience in government, private practice, and the nonprofit sector gives her a 360-degree perspective on federal income tax and corporate issues, as well as valuable insights that benefit the firm's corporate and individual clients.
Ms. Stevens' practice centers on international tax planning and advocacy for corporate clients. Matters involve transfer pricing, U.S. inbound investment taxation, and counseling on the tax implications of multinational groups' transactions and entity structures. Illustrations of Ms. Stevens' legal services include:
- advising corporate clients on transfer pricing planning, documentation, and compliance, including negotiating Advance Pricing Agreements;
- representing clients in LBO transactions and assisting with the drafting and negotiation of partnership and LLC operating agreements;
- guiding clients seeking Competent Authority assistance under bi-national Double Taxation Avoidance Agreements and counseling on other treaty-related matters, such as the creation and taxation of permanent establishments;
- evaluating and advising on the tax consequences of multinational enterprises’ restructuring proposals; and
- representing clients in tax litigation matters and providing strategic guidance in pre-litigation controversies.
Previously, Ms. Stevens practiced at a regional law firm in California, where she assisted corporate and individual clients with business transactions, estate planning, employment matters, and civil litigation. Ms. Stevens has also practiced as a litigation fellow at Americans United for Separation of Church and State in Washington, D.C., where she represented plaintiffs in federal court lawsuits involving free speech and religious discrimination claims. Prior to her fellowship, Ms. Stevens served as a law clerk to then-Chief Judge Royce Lamberth of the U.S. District Court for the District of Columbia.
Ms. Stevens graduated first in her class from California Western School of Law. Before earning her law degree, Ms. Stevens served as a naval cryptology officer deployed on the USS Nimitz in support of Operation Iraqi Freedom. She received her commission through the Navy's ROTC program after earning a degree in international political economy at Georgetown University.