Proskauer Rose LLP

Proskauer Rose LLP Company Profile

Proskauer Rose is practically synonymous with "sports law"-clients include Major League Baseball, the NFL, the NHL and the NBA. Although flashy, this reputation shortchanges the firm's incredibly diversified work, which features top-notch corporate, litigation, tax, personal planning, 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-certified building. In August 2011, the New York office was certified LEED Gold.

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, Goldman Sachs, Burberry, Sony Pictures, Neiman Marcus, T-Mobile, MetLife, The New York Times, the New York Stock Exchange, Colgate-Palmolive and Yale University.

IN THE NEWS

Corporate Powerhouse
Proskauer played a key role in headline deals that are shaping markets, including serving as transaction counsel to Ares Management LLC and the Canada Pension Plan Investment Board to acquire Neiman Marcus for $6 billion (September 2013); Grifols in its $1.675 billion acquisition of the transfusion diagnostics unit of Novartis (November 2013); American Realty Capital Properties in its acquisition of CapLease Inc. for $2.2 billion (May 2013) and Cole Real Estate for $11.2 billion (October 2013) as well as its $1.4 billion common stock offering, the largest REIT offering in history (May 2014). The firm also advised Icahn Enterprises on two senior notes offerings with an aggregate value of $4 billion (January 2014) and Celgene on its $2.5 billion notes offering (May 2014).

The Go-To Firm for Labor & Employment
Proskauer's Labor & Employment Group handled several highly visible management-labor negotiations, including achieving landmark victories on behalf of medical device manufacturer Sientra, Inc. in more than 15 non-compete and trade secrets matters following an 8-week jury trial (September 2013); advising on numerous wage and hour intern cases on behalf of Donna Karan, Conde Nast, Sony Music, Gawker, Fox Searchlight and The Walt Disney Company (2013-2014); defending Major League Baseball in a suspension lawsuit brought by Alex Rodriguez (February 2014); representing the Professional Referee Organization in reaching a new five-year collective bargaining agreement with the Professional Soccer Referee Association (April 2014).

Litigation Leaders
Proskauer secured a victory for Madonna, Webo Girl Publishing and WB Music Corporation in the dismissal, on summary judgment, of a copyright infringement case concerning the musical composition and sound recording, "Vogue" (December 2013); achieved a significant trademark victory for T-Mobile against AT&T in federal court (February 2014); argued a key patent law case before the United States Supreme Court, urging the justices to affirm a decision in a patent claim by the Court of Appeals for the Federal Circuit (April 2014); and prevailed on behalf of the ATP Tour in the Delaware Supreme Court on a significant issue of Delaware corporate law, in a case of first impression (May 2014).

Momentum Across the Globe
Notable highlights from the UK, Latin America and Asia teams include, representing Pacific Rubiales Energy in its completion of two high yield offerings (January 2014) and in its restructuring of $1.25 billion in debt (May 2014); advising two of Asia's leading private equity funds, RRJ Capital and OCBC, on their investments in Nature Packaging Group (April 2014); representing KKR Asset Management as arranger of a £70 million unitranche facility (April 2014); and Italy's utility company Enel with its offering of hybrid Capital Securities due 2075 in reliance on Regulation S for an aggregate principal amount of €1.6 billion (January 2014).

Unparalleled in Sports
Proskauer continues to be counsel of choice for the major sports leagues and teams. The firm represented NASCAR in a major media and digital rights deal with NBCUniversal (July 2013); the United States Golf Association in a major media rights deal with FOX Sports (August 2013); Sunrise Sports & Entertainment, and its general partner, Clifford Viner, in the sale of the Florida Panthers (September 2013); the "new" Big East Conference in all aspects of its formation, including its television deal with Fox and contract negotiations with Madison Square Garden (March 2013); and Major League Soccer in an eight-year, $720 million media rights deal with ESPN, Fox and Univision (May 2014).

Building Strength in Key Markets & Practices
Proskauer strengthened its presence in key international markets and practice areas with more than 18 lateral hires in areas such as capital markets, private equity real estate, private investment funds, private equity, real estate capital markets, litigation, tax, labor and employment, antitrust, hedge funds and life sciences.

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Proskauer Rose LLP


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

STATS


  • Employer Type: Private
  • Chairman: Joseph M. Leccesse
  • Total No. Attorneys 2014: 700

  • Employment Contact

    Caroline K. Menes
    Director of Legal Recruitment
    Phone: (212) 969-5060
    Email: NYRecruiting@proskauer.com


  • Base Salary

    New York, NY; Boston, MA; Los Angeles, CA; Chicago, IL; Washington, DC
    1st year:  $160,000
    2nd year: $170,000
    3rd year:  $185,000
    4th year:  $210,000
    5th year:  $230,000
    6th year:  $250,000
    7th year:  $265,000
    Summer associate:  $3,077/week

    Boca Raton, FL
    1st year:  $135,000
    2nd year: $145,000
    3rd year: $155,000
    4th year: $160,000
    5th year: $165,000
    6th year: $175,000
    7th year: $180,000
    Summer associate:  $2,596/week

    Newark, NJ
    1st year:  $145,000
    2nd year: $150,000
    3rd year: $155,000-$160,000
    4th year: $159,000-$165,000
    5th year: $163,000-$170,000
    6th year: $166,000-$175,000
    7th year: $169,000-$180,000
    Summer associate:  $2,788/week

    New Orleans, LA
    1st year:  $110,000
    2nd year:  $120,000
    3rd year:  $125,000
    4th year:  $130,000
    5th year:  $135,000
    6th year:  $140,000
    7th year:  $145,000
    Summer associate:  $2,115/week


  • Summer Associate Offers

    46 out of 46 (2013)


  • Major Departments & Practices

    Corporate
    Employee Benefits, Executive Compensation & ERISA Litigation
    Health Care
    Intellectual Property
    Labor & Employment
    Litigation
    Personal Planning
    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
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