Clay Littlefield is a partner in the firm’s federal income and international tax practices. His clients include both U.S. and foreign companies and individuals. Clay regularly advises U.S. and foreign hedge funds, venture capital and private equity funds on the tax and legal aspects of various structuring alternatives and investment product proposals. Clay also regularly provides counsel and advice to U.S. and foreign clients in connection with mergers and acquisitions, distressed debt arrangements, and real estate and corporate finance issues.

Prior to joining Alston & Bird, Clay worked in Washington, D.C. as an attorney with the Internal Revenue Service’s Office of Associate Chief Counsel, Division of Financial Institutions and Products. Accordingly, he has significant tax experience and regularly advises clients with regard to issues involving banks, structured finance, asset-backed securitizations (e.g., REMICs, CDOs), hedging and the tax aspects of various derivative financial instruments and structured transactions. As the tax rules are constantly evolving, Clay regularly consults with his former government colleagues and industry contacts on emerging issues, trends and prospective IRS guidance.