Law360, Texas Lawyer, The Texas Lawbook and Bloomberg Law were among the media outlets that covered the recent return of McGuireWoods partner Jay Hughes, who joined the firm’s Mergers & Acquisitions and Energy Transactional Department in Houston.
Hughes has 20 years of experience counseling utilities, developers, and private equity and infrastructure funds in transactions involving conventional and renewable power assets. He rejoined to McGuireWoods after serving as co-chair of the power and renewable energy practice at Willkie Farr & Gallagher. In an interview with Law360, Hughes said he wanted to return to McGuireWoods because “the chance to come back and build on the success that McGuireWoods has had, particularly in the energy and private equity space, was too good of an opportunity not to take. . . .”
Hughes told Texas Lawyer that the firm is benefiting from the intersection of the private equity and renewables practices, and that the Inflation Reduction Act of 2022 and its tax credits to support clean energy are a “game-changer” for many energy companies.
“Tax credit transfer deals are very hot right now. All of us are trying to get our arms around those,” he said.
Hughes added that his return to McGuireWoods is good for clients because of the depth of the firm’s cross-disciplinary energy team.
“It’s a big bench and an experienced bench that has followed its clients throughout the evolution of energy transactions . . . since well before I joined the firm. It’s an exciting time,” he said.