How we support transfer pricing and tax advisers globally
Transfer pricing advisers choose us partly because of our specialist expertise, of course, but also because we work well with them. We support their efforts to develop their client relationships, and we give those clients the best possible service. (We have made a deliberate decision not to advise on tax or transfer pricing because we do not want to be competitors to our TP adviser clients.)
When a TP adviser comes to us, we’ll often start by providing a free workshop for their team. This will cover key issues such as how ICAs interact with a group’s TP policies, global best practice, and how the adviser can apply all this in their day-to-day work.
We might then have a general discussion about the client’s objectives in project, and how we would approach the work. (The adviser doesn’t have to say who the client is at this point.) We outline the main legal implementation issues and explain the basic process we would use.
We then provide a quote – often on a fixed-price basis – and once that is approved we start work. Throughout the process, we are always fully focused on providing a seamless service that enhances the adviser’s relationship with their client.
Because our specialism involves working with teams in the client group that the adviser may not have much contact with, we quite often become aware of additional needs outside the core project that the adviser could address. If so then we make the adviser aware.
Bringing in an outside expert is always a big decision. You need people with the expertise to do the work to the very highest standards. Who have the experience to spot problems before they occur. Who can work well with your team and develop your relationship with your client. And who will do it all cost-effectively. That’s LCN Legal.