Creating Managed Metadata Field Through CSOM

I am having difficulties understanding if it is possible to create a managed metadata field programatically. In the server side OM, you can use the AddNewField method, however this does not exist in the Client object model. Oddly enough, using Web.Fields.Add() accepts a Field object, however there is no clear way to build a TaxonomyField object without the object path.

Does anyone know of a static method that allows one to create a managed metadata field and associate it with a List object?

TIA!