Proskauer Rose LLP at a Glance

Uppers

  • “Great clients”
  • “Opportunities to learn”
  • “Camaraderie”

Downers

  • “Opaque partnership track”
  • “Compensation for senior associates”
  • “Hours can be long”

About Proskauer Rose LLP

Proskauer Rose is practically synonymous with "sports law"-clients include Major League Baseball, the National Football League, the National Hockey League, and the National Basketball Association. Although flashy, this reputation shortchanges the firm's incredibly diversified work, which features top-notch corporate, litigation, tax, private client services, entertainment, and labor and employment practices.

From Small Business to Big Business

Firm forefather William R. Rose opened up shop in downtown Manhattan in 1875 at the sprightly age of 21. Rose's first clients were local retailers, and his skill soon caught the attention of New York's burgeoning business class, who hired Rose's firm to represent them in corporate and personal estate matters. The firm's reputation (and headcount) continued to grow, and by 1907, name partner Benjamin Paskus joined the firm. The outfit founded a successful tax practice following the Sixteenth Amendment's passage in 1913, and Paskus, a tax specialist, was so in-demand that clients lurked outside his home in the hopes of getting extra advice.

The addition of former appellate judge-and crony of four-time New York Governor Alfred Smith-Joseph Proskauer in 1930 ushered in a new era for the firm, which was renamed Proskauer, Rose & Paskus. Proskauer's leadership helped define the firm in the modern era, and his passion for music forged connections with Carnegie Hall and some of America's most prominent musicians, including Leonard Bernstein, whose estate is still handled by the firm. Around the same time, an associate named Alfred Appel helped French design house Hermès establish a New York corporation. Hermès is represented by the firm to this day, and is considered its longest continuing client.

Labor, Layups, and Lead Passes

One of Proskauer's cornerstone practices, labor law, was established in 1939 by partner Burton A. Zorn, who counted among his clients the insurance giant Metropolitan Life and the United Parcel Service. The firm's sports law practice began in 1963, thanks to partner George Gallantz, who represented a young organization called the National Basketball Association. Three years later an attorney named David Stern joined the firm-Stern went on to serve as the NBA's counsel, executive vice president, and, finally, commissioner (he retired in February 2014). The firm also counts Gary Bettman, commissioner of the National Hockey League, among its notable alumni. Beyond labor and sports, Proskauer boasts a nationally recognized Private Investment Funds Group as well as litigators who handle cutting-edge intellectual property matters and defend major white collar cases, including those arising out of the recent economic crisis.

Worldwide Expansion and a New York Move

By the turn of the century, Proskauer was well on its way to establishing itself as a global player, opening shop in Paris, London, São Paulo, Hong Kong, and Beijing. The firm's Asia and UK offices focus on core practice areas that include private equity, mergers and acquisitions, and capital markets. International expansion has been a critical component of the firm's strategy to provide a comprehensive platform of services to its corporate clients. The firm stayed busy on the home front as well, expanding into Chicago in April 2008 while continuing to aggressively recruit new lawyers in its Boston office, which opened in 2004. In a move that some said heralded the beginning of a post-financial crisis commercial real estate recovery, Proskauer moved its New York headquarters to a new 1.1-million-square foot tower in Times Square in early 2011, leasing 14 floors of the LEED Gold-certified building.

The firm's client roster glitters, too: clients include Ares, AR Capital, JP Morgan, Bank of America, Tiffany, Neuberger Berman, all of the major sports leagues, Burberry, Barney's, Creative Artists Agency, Sony Pictures, the Broadway League, Neiman Marcus, T-Mobile, MetLife, The New York Times, the New York Stock Exchange, Church & Dwight, Diageo, and Ardian.

IN THE NEWS

Ongoing
Big-Ticket M&A

Proskauer advised on over 100 M&A deals in 2016 with a total value of nearly $100 billion. Highlights include advising oil & gas giant Pacific Exploration & Production in its $5.3 billion sale to the Catalyst Group; Ares Management in Ares Capital's $3.4 billion acquisition of American Capital; J.W. Childs in its $2.4 billion sale of Mattress Firm Holding to Steinhoff International; and Barcelona-based Grifols in its $1.85 billion acquisition of the blood screening business of Hologic.

First-in-Kind

Puerto Rico faces a historic restructuring as the first US territory ever authorized to undergo a bankruptcy process. Proskauer was selected as lead outside counsel to the Financial Oversight and Management Board for Puerto Rico, created under PROMESA. Puerto Rico has approximately $74 billion of bond debt and $40 billion of underfunded public pension liabilities. The Board's mandate is to provide Puerto Rico with improved fiscal policies, access to the capital markets and pro-growth reforms designed to generate a free flow of capital between Puerto Rico and the U.S. 

Hollywood Headlines

Proskauer represents Creative Artists Agency in claims against rival talent agency United Talent Agency and a group of defecting agents. A number of the agents were under contract at the time of their exits, opening them up to claims by CAA for breach of contract and UTA for tortious interference with those contracts and unfair competition.

March 2017
Big Cases, Big Wins

Proskauer trial lawyers won multiple headline grabbing cases, but the particular stand-out performance came from newly added litigators Bart Williams and Manuel Cachán for their complete defense jury verdict win on behalf of Johnson & Johnson in the widely publicized product liability trial relating to J&J talc-based products being allegedly linked to ovarian cancer. Bart and Manuel will be back again in court for J&J this summer, taking on the latest case.

November 2016
Pro(skauer) Bono

Proskauer has a long history of public service and is one of the few firms with a full-time pro bono partner, former federal prosecutor William Silverman. This year, the firm was recognized in an on-air interview on MSG Networks for an internship program that Proskauer designed with the National Down Syndrome Society and firm client New Jersey Devils. Proskauer also received a pro bono award from the City Bar Justice Center, recognizing the firm's success in helping low-income veterans obtain disability benefits from the Veterans Administration through an ongoing collaboration with Bloomberg LP.

July 2016
Mega Sports Deals

The NHL, a longtime firm client, called on Proskauer for the league's historic expansion to Las Vegas, making it the first of the four major North American pro sports leagues to open in Vegas. The firm also advised heavyweight private equity firm Kohlberg Kravis Roberts in its $4 billion acquisition of UFC, the world's premier mixed martial arts organization. In a cross border sports media deal, the firm advised private investment company Bruin Sports Capital in its acquisition of Italy-based deltatre, a global digital and broadcast solutions company serving the world's largest sporting events, media partners and brands.

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Proskauer Rose LLP

Eleven Times Square
New York, NY 10036
Phone: (212) 969-3000

Stats

  • Employer Type: Private
  • Chairman: Joseph M. Leccesse
  • Recruiting Chairs: Michael Mervis (New York), Lawrence Sandak (Newark), Matthew Triggs (Boca Raton), Pippa Bond and Lary Rappaport (Los Angeles), Guy Brenner (Washington, DC), Stacey Cerrone (New Orleans), Marc Rosenthal (Chicago), Ori Solomon (Boston)
  • Total No. Attorneys 2017: 700

  • Base Salary

    NY; Boston; LA; Chicago; DC
    1st year: $180,000
    2nd year: $190,000
    3rd year: $210,000
    4th year: $235,000
    5th year: $260,000
    6th year: $280,000
    7th year: $300,000
    Summer associate: $3,461/week

    Newark
    1st year: $160,000
    2nd year: $165,000
    3rd year: $155,000-$170,000
    4th year: $159,000-$175,000
    5th year: $163,000-$180,000
    6th year: $166,000-$185,000
    7th year: $169,000-$190,000
    Summer associate: $3,077/week

    Boca Raton
    1st year: $155,000
    2nd year: $160,000
    3rd year: $170,000
    4th year: $175,000
    5th year: Up to $180,000
    6th year: Up to $185,000
    7th year: Up to $190,000
    Summer associate: $2,981/week

    New Orleans
    1st year: $125,000
    2nd year: $130,000
    3rd year: $135,000
    4th year: $140,000
    5th year: $145,000
    6th year: $150,000
    7th year: $155,000
    Summer associate: $2,404/week


  • Summer Associate Offers
    59 out of 63 (2Ls) (2016)

  • Major Departments & Practices

    Corporate • Private Equity • Capital Markets • Finance • Mergers and Acquisitions • Sports • Employee Benefits, Executive Compensation & ERISA Litigation • Health Care • Intellectual Property • Labor & Employment • Litigation • Private Client Services • Real Estate • Tax

Major Office Locations

  • New York, NY (HQ) • Boca Raton, FL • Boston, MA • Chicago, IL • Los Angeles, CA • New Orleans, LA • Newark, NJ • Washington, DC Beijing • Hong Kong • London • Paris • São Paulo