Proskauer Continues Expansion with New Office in Chicago

Leading Commercial Litigation Group Joins Firm's Third New
Location in a Year
NEW YORK--(Business Wire)--
Proskauer Rose LLP, an international law firm with more than 750
lawyers worldwide, is continuing its expansion with the opening of a
new office in Chicago. The firm's 11th location follows the recent
opening of offices in London and Sao Paulo and represents another
milestone in Proskauer's continued expansion in the world's major
financial markets.

Steven R. Gilford, Paul L. Langer, and Marc E. Rosenthal join the
office as partners from Mayer Brown. Their practices focus on the
representation of major corporations in commercial disputes, with an
emphasis on insurance litigation for policyholders. The new office is
located at 222 South Riverside Plaza, 29th Floor, 60606-5808.

"Our work representing the world's top businesses and industries
made the opening of an office in Chicago, one of the country's most
important commercial centers, a natural strategic step," said Allen I.
Fagin, chairman of Proskauer. "We are especially thrilled that Steve,
Paul, and Marc have chosen to join us and help us build what will
undoubtedly become a thriving office and another catalyst for the
growth of the firm."

Proskauer has experienced a period of marked expansion in recent
months, opening an office in London focusing on corporate
transactional work, including mergers and acquisitions, private equity
and alternative investments, and an office in Sao Paulo focusing on
corporate finance and other transactional work. At the same time, the
firm experienced strong financial performance, with gross revenue
reaching $627.8 million in 2007 - a 22-percent increase over the
firm's gross revenue of $514.3 million in 2006 - and an increase in
profits-per-partner of 17 percent to $1.5 million, and
revenues-per-lawyer of 16 percent to $917,000.

"Steve, Paul and Marc are the ideal complement to our Litigation
Department as well as our representation of clients in corporate
matters, particularly in the private equity and real estate sectors,"
said Louis M. Solomon, co-chair of Proskauer's Litigation Department.
"Their collective experience and depth of knowledge will be an
extremely valuable resource for us."

Mr. Gilford, Mr. Langer, and Mr. Rosenthal represent clients in a
broad range of matters and commercial disputes, including mediations,
arbitrations, and other forms of alternative dispute resolution. Their
insurance practice encompasses U.S. and international insurance
coverage actions, regulatory matters, and insolvencies and includes:
representing policyholders in a broad range of commercial and
professional liability policy disputes involving environmental, bodily
injury, antitrust, intellectual property, construction defect,
business interruption, advertising injury, employment practices, and
toxic tort claims, among many others; representing and advising
directors and officers in liability policy disputes and corporate
governance and D&O insurance and corporate indemnification matters;
and representing and advising corporate clients in the formation and
regulation of captive insurance companies and other regulatory and
transactional matters.

Mr. Gilford received his J.D. from Duke University School of Law,
his M.A. from Duke University, and his A.B. from Dartmouth College.
Mr. Langer received his J.D. from Loyola University Chicago School of
Law and his B.S. from the University of Illinois, Urbana-Champaign.
Mr. Rosenthal received his J.D. from John Marshall Law School and his
B.A. from Kenyon College.

"The reputation of Proskauer - which is known, among many other
things, for its bet-the-company litigation work on behalf of the
world's leading companies, for its market-leading private equity fund
formation practice, for its work with the world's most well-known
professional sports leagues, and for the overall excellence all of its
lawyers bring to every area in which they practice - definitely
precedes it and will make a tremendous impact in the Chicago market,"
said Mr. Gilford, who is also head of the firm's Chicago office.
"Paul, Marc and I look very forward to using our collective skills and
knowledge of the market to build this office and, like the firm's
other locations around the world, making it into a major player in the
region, a magnet for talent, and a platform for the firm's continued
international development."

Proskauer was recently ranked 40th on The Lawyer's list of top
U.S. law firms. In addition, its Boston office was named the fastest
growing in the area by Boston Business Journal for the third
consecutive year and it has continued to experience significant growth
in its offices around the world.

Proskauer's Litigation & Dispute Resolution Department includes a
deep bench of more than 250 lawyers that work as a cohesive team
across the firm's offices worldwide. The firm's litigators are
aggressive trial lawyers and have extensive experience trying cases
for a diverse range of clients before juries, judges, and arbitral
tribunals at all levels of court forums domestically and abroad,
including federal and state courts, administrative and regulatory
agencies, and national and international arbitral tribunals.

About Proskauer Rose

Proskauer Rose, founded in 1875, is an international law firm
providing a wide variety of legal services to clients worldwide from
offices in Boca Raton, Boston, Chicago, London, Los Angeles, New
Orleans, New York, Newark, Paris, Sao Paulo, and Washington, D.C. The
firm has wide experience in all areas of practice important to
businesses and individuals including corporate finance, mergers and
acquisitions, general commercial litigation, corporate governance
matters, conducting internal corporate investigations, white collar
criminal defense, private equity and fund formation, patent and
intellectual property litigation and prosecution, labor and employment
law, real estate transactions, bankruptcy and reorganizations, trusts
and estates, and taxation. Its clients span industries including
chemicals, entertainment, financial services, health care, information
technology, insurance, internet, lodging and gaming, manufacturing,
media and communications, pharmaceuticals, real estate investment,
sports, and transportation. The firm can be found online at
http://www.proskauer.com.

Linden Alschuler & Kaplan, Inc.
Josh Epstein, Senior Vice President,
Public Relations, 212-575-4545
jepstein@lakpr.com

Copyright Business Wire 2008