Piper gets FDIC tax work

October 30, 1992|By David Conn | David Conn,Staff Writer

It took a year to win the contract to do tax work for the Federal Deposit Insurance Corp., but Piper & Marbury partner Lawrence Katz believes it was worth the wait.

A year ago Mr. Katz, who heads Piper's tax practice in Baltimore, submitted a bid to assist the FDIC's in-house counsel with tax-related legal work surrounding the agency's takeover of failed institutions.

Last month, Piper finally heard it beat 31 other law firms for the contract. Although the value of the contract could not be estimated, Mr. Katz said, he predicted it could occupy up to nine attorneys in Piper's Baltimore and Washington offices.

The award added to Piper's book of regulatory business. In March, the firm won a bid to do environmental work for the FDIC. And since 1989, Piper has helped the Resolution Trust Corp. with the thrift institutions it manages in receivership.

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