Firm / Organisation

Brown Mills Klinck Prezioso LLP

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This content is provided by Brown Mills Klinck Prezioso LLP.

Managing Partners: Elizabeth M. Brown, Lisa J. Mills, Terra L. Klinck, John Prezioso
Number of partners: 4
Number of lawyers: 8
Languages: English

Firm Overview:
BMKP Law is a boutique firm with a wealth of knowledge and experience advising both public sector and private sector employers on all facets of pension, benefits and executive compensation law.

All of the firm's lawyers devote their practice to exclusively pension, benefits and executive compensation law. BMKP Law was founded by four senior practitioners who have devoted 100% of their practice to pension, benefits and executive compensation law for their entire careers. All of the partners have a reputation for providing practical and creative solution-oriented advice to employers and pension plan administrators. They have been involved in many of the most significant Canadian pension and benefits transactions. Two associates (Jason R. Paquette and Nicolas J. Guadagnolo) and two senior counsel (Cary K. Wong and Jennifer Agnew) round out the firm’s considerable bench strength and are likewise dedicated to pension, benefits and executive compensation law.

Agility is the firm's competitive advantage. The firm seamlessly partners with clients’ consultants, employment, corporate and litigation counsel, actuaries and other advisors to solve complex challenges. Working with the firm's network of proven Canadian, US and international business lawyers, the firm delivers specialized cross-border advice to multinational private sector employers.

The firm’s lawyers have been recognised by:
■ Chambers Canada™
■ Chambers Global™
■ The Best Lawyers in Canada™
■ Lexpert™
■ Who’s Who Legal: Canada™

Main Areas of Practice

Pensions & Benefits:
4 partners, 8 fee earners based in Toronto, Canada and Ottawa, Canada
■ Advised a large professional organization on legal aspects of the design, implementation and maintenance of a novel defined contribution retirement program for its membership.
■ Advising several employers in the conversion of their existing defined benefit and hybrid registered pension plans to a newly created multi-employer jointly sponsored pension plan. This is the first newly created multi-employer JSPP under Ontario’s JSPP conversion regime and, on conversion, will be the largest university sector pension arrangement in the country with assets on conversion estimated at $10 billion.
■ Acted as pension and benefits counsel in the highly complex successful restructuring of one of Canada’s largest steel companies.
■ Represented a foreign parent corporation in defending two proposed Newfoundland and Labrador class actions seeking damages in relation to pension and benefits claims related to insolvent Canadian subsidiaries.
■ Advised on multiple Canadian buy-in and buy-out annuity transactions including those involving multi-tranche and multijurisdictional purchases and other novel transactions.
■ Advised on pension and benefit matters in conjunction with a large acquisition transaction by a major Canadian bank in 2018.
■ Assisted a large employer and pension plan administrator on its engagement of an outsourced chief investment officer (OCIO) to invest a portfolio of defined benefit pension plan, defined contribution and supplemental pension assets totaling over $3 billion.
■ Advised the employer sponsor of a public sector jointly sponsored pension plan on the creation of a new benefit option under the plan for the not-for-profit sector.
■ Assisted in implementation of a number of conversions from defined benefit to defined contribution pension plans for both provincially and federally regulated employers.