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			{{Short description\|American law firm}}
			{{Advert\|date=August 2023}}
	{{Infobox Law Firm		{{Infobox Law Firm
	\| firm_name = Proskauer Rose LLP		\| firm_name = Proskauer Rose LLP
	\| firm_logo = ]		\| firm_logo = Proskauer Rose logo.svg
	\| headquarters = ]		\| headquarters = ]<br>]<br>]
	\| num_offices = 11		\| num_offices = 11
	\| num_attorneys = ~~750~~+		\| num_attorneys = 800+
	\| revenue = ~~]627 million~~ ] (])\|		\| revenue = $1,230,482,000 ] (2023)\|
	\| practice_areas = Full service law firm		\| practice_areas = Full service law firm
	\| key_people = ~~Allen~~ I. ~~Fagin~~, Firm Chairman		\| key_people = Timothy W. Mungovan, Firm Chairman
	\| date_founded = ]		\| date_founded = 1875
			\| founder = William R. Rose
	\| company_type = ]		\| company_type = ]
	\| homepage =		\| homepage = {{URL\|http://www.proskauer.com/}}
	}}		}}
			'''Proskauer Rose LLP''' (formerly known as Proskauer, Rose, Goetz & Mendelsohn, LLP) is an international ] headquartered in ]. Proskauer was founded in 1875 and currently employs more than 800 attorneys in eleven offices worldwide.

			Proskauer is known for its litigation, labor & employment, corporate, ], private investment funds, finance, and intellectual property law departments. Proskauer has long been the primary outside law firm for the ] (NBA) and the ] (NHL).
	Founded in 1875, '''Proskauer Rose''', formerly known as Proskauer Rose Goetz & Mendelsohn, LLP, is one of the ]' largest ]s, providing a wide variety of legal services to clients throughout the United States and around the world from offices in ], ], ], ], ], ], ], ], ], ], ], and ].

	==Practice Overview==
	Proskauer Rose is a full-service law firm, practicing in all areas important to businesses, including ], ], ] transactions, ] and reorganizations, ], ], ] and ], ], and labor and ]. Its clients include participants in many industries, including chemicals, entertainment, financial services, health care, hospitality, information technology, insurance, internet, manufacturing, media and communications, pharmaceuticals, real estate investment, ], and transportation.

	Proskauer Rose is particularly well known for their sports law department, with clients including ], the NFL, the NHL, and the NBA.<ref></ref> In December 2006 The Legal U.S. 500's annual ranking of the top law firms for corporate work singled Proskauer out for excellence in several categories, including private equity, international M&A, ] and hedge fund formation.<ref></ref>

	==History==		==History==
	Throughout its history, the firm's headquarters has been located in the area of ], in midtown ], where it grew from fewer than a dozen ] originally to nearly 800. A full-service practice, it is currently among the ten largest law firms in ].		Throughout its history, the firm's headquarters has been located in the area of ], in midtown ], where it grew from fewer than a dozen ] originally to nearly 800. A full-service practice, it is currently among the ten largest law firms in ].

	William R. Rose started the firm that is now Proskauer ~~Rose~~ when, at 21 years of age, he opened a law firm on Broadway in Downtown Manhattan in 1875.<ref></ref> In 1907, Rose promoted associate Benjamin Paskus to partner renamed the firm Rose & Paskus.<ref></~~ref~~> Rose & Paskus was one of the first firms to develop a specialized tax practice after the passage of the Sixteenth Amendment in 1913.<ref></~~ref~~> In 1930, Judge Joseph M. Proskauer resigned his position on New York's Appellate Division to join the firm, which was then renamed Proskauer, Rose & Paskus.<ref></~~ref~~> The firm shortened its name to ~~simply~~ Proskauer Rose in 1997.<ref></ref>		William R. Rose started the firm that is now Proskauer when, at 21 years of age, he opened a law firm on Broadway in Downtown Manhattan in 1875.<ref name="Vault Online Career Library">{{cite web\|url=http://www.vault.com/cb/careerlib/careerlib_main.jsp?cl_page=18&product_id=412 \|title=Vault Online Career Library \|publisher=Vault.com \|access-date=2014-08-07}}</ref> In 1907, Rose promoted associate Benjamin Paskus to partner and renamed the firm Rose & Paskus.<ref name="Vault Online Career Library"/> Rose & Paskus was one of the first firms to develop a specialized tax practice after the passage of the ] in 1913.<ref name="Vault Online Career Library"/> In 1930, Judge ] resigned his position on ] to join the firm, which was then renamed Proskauer, Rose & Paskus.<ref name="Vault Online Career Library"/> The firm shortened its name to Proskauer Rose in 1997.<ref name="fundinguniverse.com">{{cite web\|url=http://www.fundinguniverse.com/company-histories/Proskauer-Rose-LLP-Company-History.html \|title=Proskauer Rose LLP - Company History \|publisher=Fundinguniverse.com \|access-date=2014-08-07}}</ref>

	Proskauer Rose is historically known as a "Jewish law firm" for its willingness to cross traditional historic and cultural hiring norms that other major New York City law firms were unwilling to do at the time.<ref></ref> Because of their willingness to employ Jewish lawyers, Proskauer is not known as a traditional "]" law ~~firms~~, though over the past quarter-century ~~they~~ ~~have~~ gained the reputation as one of the "new white shoe" law firms.<ref></ref> ~~Because~~ ~~they are not a typical "]" law firm, Proskauer Rose~~ cannot rely on long-standing ~~traditional~~ ties to old money or ~~the~~ big investment banks. Rather, the firm historically focused its practice on ~~corporations in areas as~~ labor and employment law, as well as building up significant litigation, health care, sports, and entertainment, bankruptcy, and taxation practices.<ref~~></ref~~>		Proskauer is not known as a traditional "]" law firm, though over the past quarter-century it has gained the reputation as one of the "new white shoe" law firms.<ref name="law.com">{{cite web \|last=Lin \|first=Anthony \|date=2006-05-16 \|title=lawjobs.com Career Center - Can the 'Jewish Law Firm' Success Story Be Duplicated? \|url=http://www.law.com/jsp/law/careercenter/lawArticleCareerCenter.jsp?id=1147696528718 \|access-date=2014-08-07 \|publisher=Law.com}}</ref> Thus it cannot rely on long-standing ties to old money or big investment banks. Rather, the firm has historically focused its practice on labor and employment law, as well as building up significant litigation, private capital, health care, sports and entertainment, bankruptcy, and taxation practices.<ref name="fundinguniverse.com"/>

			==Revenue and profitability==
	In December 2004, a large group of lawyers from the struggling Boston-based law firm of ] joined the Boston office of Proskauer Rose.
			] photographed from the southeast corner of West 41st Street and ].]]
			In February 2012, Proskauer increased its gross revenue by 6.4 percent to $686 million and its average profits per partner 9 percent to $1.7 million, according to The American Lawyer's reporting.<ref name="amlawdaily.typepad.com">{{cite web\|url=http://amlawdaily.typepad.com/amlawdaily/2012/02/proskauer-increases-profits-in-2011.html \|title=The Am Law 100, the Early Numbers: Proskauer Maintains Upward Trajectory \|publisher=Amlawdaily.typepad.com \|date=2012-02-22 \|access-date=2014-08-07}}</ref> In 2013, Proskauer again increased its revenue by more than 7%, to over $700 million. These figures place Proskauer as one of the fastest growing law firms in the United States. The firm's robust financial performance came amid a busy year for office moves. The most significant shuffle saw Proskauer move its New York headquarters to 11 Times Square in January, 2011. With more than 400,000 square feet of space spread across 14 floors, the firm is the new building's anchor tenant—with its name splashed across the facade in a 40-foot-by-10-foot backlit sign. Proskauer saw gross revenue of $1.23 billion in 2023, up from $990 million in 2020.<ref>{{Cite web\|title=Proskauer Sees Double-Digit Revenue, Profit Gains as Core Industry Sectors Thrive\|url=https://www.law.com/americanlawyer/2022/02/01/proskauer-sees-double-digit-revenue-profit-gains-as-core-industry-sectors-thrive/\|access-date=2022-02-08\|website=The American Lawyer\|language=en}}</ref>

			==Pro bono==
	==Revenue and Profitability==
			In 2012, Proskauer argued before the U.S. Supreme Court in a ruling that the Fair Sentencing Act of 2010 (FSA), which reduced the disparity in federal sentencing between crack and powder cocaine offenses, applies to defendants who were sentenced after its passage even though their offenses pre-dated the law. The firm is also noted for hosting an Election Protection call center during every election cycle since the 2012 Presidential election.<ref>{{cite web\|title=Election Protection\|date=8 November 2012\|url=http://www.newyorker.com/online/blogs/newsdesk/2012/11/election-protection-can-i-have-your-name.html}}</ref>
	In February 2008, Proskauer Rose announced double-digit growth in both profits and turnover for 2007, with revenue at the New York law firm up by almost a fifth to $627.8 million.<ref></ref> The 2007 revenue makes it the fortieth largest firm in the United States by revenue.<ref></ref> In 2007, Proskauer's profits per equity partner (PEP) increased 19.2% from 2006's $1.3 million to $1.55 million in 2007.<ref></ref> These figures place Proskauer Rose as one of the fastest growing law firms in the United States during 2007.<ref></ref>

			In 2010, Proskauer received the Law Firm Pro Bono Award at the William O. Douglas Award Dinner in Los Angeles, sponsored by Public Counsel, the United States' largest pro bono public interest law firm.<ref>{{cite web\|title=Award \|url=http://www.proskauer.com/proskauer-wins-william-o-douglas-pro-bono-award-06-24-2010/ \|access-date=2012-12-07 \|url-status=dead \|archive-url=https://web.archive.org/web/20110607063924/http://www.proskauer.com/proskauer-wins-william-o-douglas-pro-bono-award-06-24-2010/ \|archive-date=2011-06-07 }}</ref>
	==Pro Bono==
	In 2006, Proskauer attorneys spent over 35,000 hours working on ] matters; the firm claims that their attorneys typically spend between 35,000 and 40,000 hours a year working on such matters.<ref></ref><ref></ref> In April of 2006 Proskauer Rose began a new program called, “National Pro Bono Initiative.”<ref></ref> This program included bringing together representatives from all of the firm's major practice groups and from all of the offices, asking certain lawyers to do pro bono endeavors full-time, and also appointing a “Pro Bona Coordinator.”<ref></ref> The purpose of the program is to inject discipline and focus into pro bono work, so that it will be approached on a national as opposed to an office-by-office basis.<ref></ref>

			In 2019, Proskauer was named to ]'s "Pro Bono Hot List."<ref>{{Cite web\|url=https://www.law.com/nationallawjournal/2019/05/01/the-2019-pro-bono-hot-list/\|title = The 2019 Pro Bono Hot List}}</ref>
	==Offices==
	Proskauer Rose is currently in the midst of a strategic growth endeavor to strengthen their international reach.<ref></ref> They currently have eleven offices worldwide in the following locations:
	* ], New York, U.S.A. (Main Office)
	* ], California, U.S.A.
	* ], U.S.A.
	* ], China. (2009)
	* ], Massachusetts, U.S.A.
	* ], Florida, U.S.A.
	* ], Illinois, U.S.A. (opened April 2008)<ref></ref>
	* ], Louisiana, U.S.A.
	* ], New Jersey, U.S.A.
	* ], Brazil
	* ], England
	* ], France
	* ]

	==Ranking and ~~Awards~~==		==Ranking and awards==
			According to a study by Yale Law Women (co-sponsored by women's law groups at Stanford, Harvard, Columbia, Chicago, Berkeley, Northwestern, and Virginia), Proskauer Rose ranked second in their list of top ten family-friendly firms of 2007.<ref>{{cite web\|url=http://ms-jd.org/ten-family-friendly-firms-new-ranking-law-students \|title=Ten Family-Friendly Firms (new ranking by law students) \|publisher=Ms. JD \|date=2007-09-24 \|access-date=2014-08-07}}</ref>
	In 2008, Proskauer Rose ranked #40 in Vault's "Overall Prestige" ranking of law firms in the United States.<ref></ref>
	Vault also ranked Proskauer's Labor and Employment Department the sixth best in practice, while their partners were listed as fifth most prestigious.<ref></ref>

			In 2007, Proskauer Rose was named among the top United States firms practicing corporate and finance law in The Legal 500 US Volume I: Corporate & Finance, a ranking of the "best of the best" U.S. law firms. Proskauer was named a leader in the following categories: Private Equity; International Mergers and Acquisitions; Capital Markets; Investment Funds - Alternative/Hedge Fund Formation.<ref> {{webarchive \|url=https://web.archive.org/web/20090723043334/http://www.proskauer.com/news_publications/press_releases/content/2007_01_09 \|date=July 23, 2009 }}</ref>
	According to a study by Yale Law Women (co-sponsored by women's law groups at Stanford, Harvard, Columbia, Chicago, Boalt, Northwestern, and Virginia), Proskauer Rose ranked second in their list of top ten family-friendly firms of 2007.<ref></ref>

			In 2008, Proskauer was named the fastest-growing law firm for the third consecutive year in Boston Business Journal's annual ranking of the area's 100 largest law firms. With the addition of 25 lawyers since January 2007 - a 30-percent growth rate - the firm is ranked 17th in the year' survey.<ref> {{webarchive \|url=https://web.archive.org/web/20080306233855/http://www.proskauer.com/news_publications/press_releases/content/2008_01_30 \|date=March 6, 2008 }}</ref>
	The 2007 Schiltz 100 rankings, designed to indicate the best "Big Law" firms to work for as an associate, lists Proskauer Rose 47th.<ref></ref>

			Fifteen lawyers from Proskauer Rose were named in Southern California Super Lawyers 2008, an annual guide to the top lawyers in the region (the firm was represented in 10 different practice areas).<ref name="proskauer.com"> {{webarchive \|url=https://web.archive.org/web/20080403205141/http://www.proskauer.com/news_publications/press_releases/content/2008_02_04 \|date=April 3, 2008 }}</ref> Selections for Southern California Super Lawyers are based on peer nominations and independent research by the editors of Law & Politics magazine.<ref name="proskauer.com"/>
	In 2007, Proskauer Rose was named among the top United States firms practicing corporate and finance law in The Legal 500 US Volume I: Corporate & Finance, a ranking of the "best of the best" U.S. law firms. Proskauer was named a leader in the following categories: Private Equity; International Mergers and Acquisitions; Capital Markets; Investment Funds - Alternative/Hedge Fund Formation.<ref></ref>

			Proskauer Rose received the 2003 Special Award of Merit by the ] for its contribution to the advancement of women.{{citation needed\|date=February 2019}}
	In 2008, Proskauer has been named the fastest-growing law firm for the third consecutive year in Boston Business Journal's annual ranking of the area's 100 largest law firms. With the addition of 25 lawyers since January 2007 - a 30-percent growth rate - the firm is ranked 17th in this year' survey.<ref></ref>

			In 2022, Proskauer Rose was the winner of the 18th British Private Equity Award and awarded 'Law Firm of the Year for Structuring'.<ref>{{Cite web \|date=2022-10-05 \|title=British Private Equity Awards 2022: winners announced {{!}} Unquote \|url=https://www.unquote.com/uk/news/3027925/british-private-equity-awards-2022-winners-announced \|access-date=2022-12-07 \|website=www.unquote.com \|language=en}}</ref>
	Fifteen lawyers from Proskauer Rose have been named to Southern California Super Lawyers 2008, an annual guide to the top lawyers in the region (the firm was represented in 10 different practice areas).<ref></ref> Selections for Southern California Super Lawyers are based on peer nominations and independent research by the editors of Law & Politics magazine.<ref></ref>

			==Notable clients and cases==
	Proskauer Rose received the 2003 Special Award of Merit by the New York Women's Bar Association for its contribution to the advancement of women.<ref></ref>
			*Proskauer Rose represented ], owner of the World Trade Center towers in New York that were destroyed by the terrorist attack on September 11, 2001, in a dispute with its insurers.<ref>{{dead link\|date=August 2014}}</ref>
			*The firm won a copyright case in 2006 when they represented the rock band ] against a former producer regarding the ownership rights in the band's first two albums.<ref> {{webarchive\|url=https://web.archive.org/web/20080329144913/http://www.allbusiness.com/legal/legal-services-law-practice-major-us-firms/5485737-1.html\|date=March 29, 2008}}</ref>
			*The firm represented the ] during the stagehands strike in the fall of 2007.<ref>{{cite web\|url=https://blogs.wsj.com/law/2007/11/29/broadway-proskauer-rose/?mod=WSJBlog\|title=Law Blog - WSJ.com : Broadway Proskauer Rose\|date=2007-11-29\|publisher=Blogs.wsj.com\|access-date=2014-08-07}}</ref><ref>{{cite web\|url=https://www.nytimes.com/2007/11/29/theater/29broadway.html?_r=1&hp&oref=slogin\|title=Stagehands End Walkout on Broadway - New York Times\|date=2007-11-29\|work=Nytimes.com\|access-date=2014-08-07}}</ref>
			*The ] (ACORN) hired Proskauer in 2009 to conduct an investigation into its operations and write a report regarding the ].<ref>{{cite web\|url=http://correspondents.theatlantic.com/wendy_kaminer/2009/12/acorn_and_the_ethics_of_leadership.php\|title=ACORN and the Ethics of Leadership\|date=December 8, 2009\|publisher=Correspondents.theatlantic.com}}</ref>
			*In 2015, ] host ] employed the firm to purchase a $9.5million Manhattan penthouse using several shell companies set up on his behalf by the firm, taking advantage of a tax loophole called 421-a to reduce his property tax bill by as much as $300,000.<ref>{{cite news\|last1=Silverstein\|first1=Ken\|title=The John Oliver Property Tax Scam: HBO Comedian Secretly Buys Manhattan Mansion\|url=http://observer.com/2017/05/john-oliver-property-tax-scam-trump/\|access-date=25 May 2017\|work=Observer\|date=10 May 2017}}</ref><ref>{{cite news\|last1=Sheffield\|first1=Matthew\|title=Is John Oliver a hypocrite on taxes?\|url=http://www.salon.com/2017/05/11/is-john-oliver-a-hypocrite-on-taxes/\|access-date=25 May 2017\|work=Salon\|agency=Salon Media Group Inc.\|date=12 May 2017}}</ref>
			*In 2017, Proskauer Rose represented Celgene in its $9 billion acquisition of cancer drug maker Juno Therapeutics.<ref>{{cite web\|title=Celgene, Juno strike $9B pact\|url=https://pitchbook.com/newsletter/celgene-juno-strike-9b-pact}}</ref>
			*In 2019, Proskauer Rose represented the ] as it readmitted the ] back to the Big East.<ref>{{Cite web\|url=http://www.bigeast.com/news/2019/6/27/general-big-east-announces-readmission-of-university-of-connecticut.aspx\|title=BIG EAST Announces Readmission of University of Connecticut\|website=Big East Conference\|language=en\|access-date=2019-06-27}}</ref>

			==Notable alumni==<!-- PLEASE RESPECT ALPHABETICAL ORDER -->
	It is ranked number 79 (tied with three other firms) in the Avery Index of "2007 The Best New York Law Firms to Work For," which is "based on how content thousands of New York associates feel with their own firms."
			* ], Commissioner of the ]

			* ], CEO of ]
	==Notable Clients and Cases==
			* ], music industry lawyer, former lawyer of ] and president of ]
	*While well-known for representing professional sporting organizations such as the ], the ], and the National Baseball League, Proskauer also represents such clients as BP America,], ], ], National Maritime Union Trust Funds, Strachan Shipping, ], and ].<ref></ref> Notable New York City clients include ], ], the ], and the ].<ref></ref>
			* ], former President of the ]

			* ] (born 1937), law professor at the ]
	*Proskauer Rose represented ], owner of the World Trade Center towers in New York that were destroyed by the terrorist attack on September 11, 2001, in a dispute with its insurers.<ref></ref>
			* ], co-founder of ]

			* ], President of basketball operations for the ]
	*The firm has represented ], ], and ] before the Securities and Exchange Commission.<ref></ref>
			* ], partner and general counsel

			* ], founder of Sports Media Advisors
	*Proskauer represented ] in the deal to bring ] to the ].<ref></ref>
			* ], founder and CEO of LoanMod.com

			* ], Commissioner of the ]
	*The firm represented the League of American Theaters and Producers during the stagehands strike in the fall of 2007.<ref></ref><ref></ref>
			* ], co-founder of ]

			* ], ] judge and name partner of the firm
	*The firm won a significant copyright case in 2006 when they represented the rock band ] against a former producer regarding the ownership rights in the band's first two albums.<ref></ref>

	*Proskauer represented the NBA against the ] antitrust suit, which established free agency in basketball (the lead litigator, ], lost the case, but the league hired him as its in-house counsel in 1978 and later promoted him to NBA commissioner).<ref></ref>

	*The firm's New York offices served as the negotiation site surrounding the six-month 1998 lockout of the NBA players.<ref></ref>

	*Proskauer represented ] when he purchased the ] for $635 million in 2000.<ref></ref>

	==Practice Areas==
	Proskauer Rose, a full-service law firm, specializes in the following areas of law:
	<table>
	<tr><td valign="top">
	*]
	*]
	*] ]
	*]ing and ]al ]
	*]s
	*Complex mass ] and ] ]
	*] ] ] and litigation
	*]
	*Corporation ] programs
	*]
	*]
	*]
	*] ], ] and ]
	*] and ]
	*] ] and development
	*Energy regulatory
	*]
	*Environmental (])
	*]
	*]/International Competition
	*]s
	*]
	*] Issues
	*]
	*] ] disputes
	*] ] litigation
	*]
	*] enforcement and litigation
	*] fraud and abuse
	*] and ]
	*]
	</td><td valign="top">
	*] and ]
	*] ]
	*] and ]
	*] ]
	*]
	*]
	*] and ] law
	*] ]
	*]
	*]
	*]
	*] and ] ], ] and ]ing
	*], ], and medical device licensing
	*]
	*]
	*Private investment funds
	*]
	*]
	*]
	*]s
	*] enforcement and compliance
	*]s
	*]
	*]
	*Tax controversy and litigation
	*], ], and ] ] and ]ing
	*]
	*] and secured transactions
	*] ]
	*]
	</td></tr>
	</table>

	==See also==		==See also==
			*]
	*]

	==Key Players==
	Rory J. Albert .

	==References==		==References==
Line 167:		Line 81:

	==External links==		==External links==
	* ~~law firm website.~~		*{{Official website\|http://www.proskauer.com/}}
	* ~~Privacy~~ ~~Blog~~ ~~website~~.		* organizational profile at the National Law Review.
	*Proskauer on International Litigation and Arbitration Guide.
	* Law firm rankings list.

			]
	]		]
	]		]
	]

	]

Latest revision as of 17:04, 23 August 2024

American law firm

This article contains promotional content. Please help improve it by removing promotional language and inappropriate external links, and by adding encyclopedic text written from a neutral point of view. (August 2023) (Learn how and when to remove this message)

Proskauer Rose LLP

Headquarters	11 Times Square New York City United States
No. of offices	11
No. of attorneys	800+
Major practice areas	Full service law firm
Key people	Timothy W. Mungovan, Firm Chairman
Revenue	$1,230,482,000 USD (2023)
Date founded	1875
Founder	William R. Rose
Company type	Limited Liability Partnership
Website	www.proskauer.com

Proskauer Rose LLP (formerly known as Proskauer, Rose, Goetz & Mendelsohn, LLP) is an international law firm headquartered in New York City. Proskauer was founded in 1875 and currently employs more than 800 attorneys in eleven offices worldwide.

Proskauer is known for its litigation, labor & employment, corporate, private equity, private investment funds, finance, and intellectual property law departments. Proskauer has long been the primary outside law firm for the National Basketball Association (NBA) and the National Hockey League (NHL).

History

Throughout its history, the firm's headquarters has been located in the area of Times Square, in midtown Manhattan, where it grew from fewer than a dozen lawyers originally to nearly 800. A full-service practice, it is currently among the ten largest law firms in New York City.

William R. Rose started the firm that is now Proskauer when, at 21 years of age, he opened a law firm on Broadway in Downtown Manhattan in 1875. In 1907, Rose promoted associate Benjamin Paskus to partner and renamed the firm Rose & Paskus. Rose & Paskus was one of the first firms to develop a specialized tax practice after the passage of the Sixteenth Amendment to the United States Constitution in 1913. In 1930, Judge Joseph M. Proskauer resigned his position on New York's Appellate Division to join the firm, which was then renamed Proskauer, Rose & Paskus. The firm shortened its name to Proskauer Rose in 1997.

Proskauer is not known as a traditional "white shoe" law firm, though over the past quarter-century it has gained the reputation as one of the "new white shoe" law firms. Thus it cannot rely on long-standing ties to old money or big investment banks. Rather, the firm has historically focused its practice on labor and employment law, as well as building up significant litigation, private capital, health care, sports and entertainment, bankruptcy, and taxation practices.

Revenue and profitability

In February 2012, Proskauer increased its gross revenue by 6.4 percent to $686 million and its average profits per partner 9 percent to $1.7 million, according to The American Lawyer's reporting. In 2013, Proskauer again increased its revenue by more than 7%, to over $700 million. These figures place Proskauer as one of the fastest growing law firms in the United States. The firm's robust financial performance came amid a busy year for office moves. The most significant shuffle saw Proskauer move its New York headquarters to 11 Times Square in January, 2011. With more than 400,000 square feet of space spread across 14 floors, the firm is the new building's anchor tenant—with its name splashed across the facade in a 40-foot-by-10-foot backlit sign. Proskauer saw gross revenue of $1.23 billion in 2023, up from $990 million in 2020.

Pro bono

In 2012, Proskauer argued before the U.S. Supreme Court in a ruling that the Fair Sentencing Act of 2010 (FSA), which reduced the disparity in federal sentencing between crack and powder cocaine offenses, applies to defendants who were sentenced after its passage even though their offenses pre-dated the law. The firm is also noted for hosting an Election Protection call center during every election cycle since the 2012 Presidential election.

In 2010, Proskauer received the Law Firm Pro Bono Award at the William O. Douglas Award Dinner in Los Angeles, sponsored by Public Counsel, the United States' largest pro bono public interest law firm.

In 2019, Proskauer was named to The National Law Journal's "Pro Bono Hot List."

Ranking and awards

According to a study by Yale Law Women (co-sponsored by women's law groups at Stanford, Harvard, Columbia, Chicago, Berkeley, Northwestern, and Virginia), Proskauer Rose ranked second in their list of top ten family-friendly firms of 2007.

In 2007, Proskauer Rose was named among the top United States firms practicing corporate and finance law in The Legal 500 US Volume I: Corporate & Finance, a ranking of the "best of the best" U.S. law firms. Proskauer was named a leader in the following categories: Private Equity; International Mergers and Acquisitions; Capital Markets; Investment Funds - Alternative/Hedge Fund Formation.

In 2008, Proskauer was named the fastest-growing law firm for the third consecutive year in Boston Business Journal's annual ranking of the area's 100 largest law firms. With the addition of 25 lawyers since January 2007 - a 30-percent growth rate - the firm is ranked 17th in the year' survey.

Fifteen lawyers from Proskauer Rose were named in Southern California Super Lawyers 2008, an annual guide to the top lawyers in the region (the firm was represented in 10 different practice areas). Selections for Southern California Super Lawyers are based on peer nominations and independent research by the editors of Law & Politics magazine.

Proskauer Rose received the 2003 Special Award of Merit by the New York Women's Bar Association for its contribution to the advancement of women.

In 2022, Proskauer Rose was the winner of the 18th British Private Equity Award and awarded 'Law Firm of the Year for Structuring'.

Notable clients and cases

Proskauer Rose represented Silverstein Properties, owner of the World Trade Center towers in New York that were destroyed by the terrorist attack on September 11, 2001, in a dispute with its insurers.
The firm won a copyright case in 2006 when they represented the rock band The White Stripes against a former producer regarding the ownership rights in the band's first two albums.
The firm represented the League of American Theatres and Producers during the stagehands strike in the fall of 2007.
The Association of Community Organizations for Reform Now (ACORN) hired Proskauer in 2009 to conduct an investigation into its operations and write a report regarding the undercover video controversy.
In 2015, Last Week Tonight host John Oliver employed the firm to purchase a $9.5million Manhattan penthouse using several shell companies set up on his behalf by the firm, taking advantage of a tax loophole called 421-a to reduce his property tax bill by as much as $300,000.
In 2017, Proskauer Rose represented Celgene in its $9 billion acquisition of cancer drug maker Juno Therapeutics.
In 2019, Proskauer Rose represented the Big East Conference as it readmitted the University of Connecticut back to the Big East.

Notable alumni

Gary Bettman, Commissioner of the National Hockey League
Lloyd Blankfein, CEO of Goldman Sachs
David Braun, music industry lawyer, former lawyer of Bob Dylan and president of Polygram Records
Michael A. Cardozo, former President of the New York City Bar Association
Robert A. Gorman (born 1937), law professor at the University of Pennsylvania Law School
Sylvan Gotshal, co-founder of Weil, Gotshal & Manges
David Kahn, President of basketball operations for the Minnesota Timberwolves
Steven C. Krane, partner and general counsel
Doug Perlman, founder of Sports Media Advisors
Moose Scheib, founder and CEO of LoanMod.com
David Stern, Commissioner of the National Basketball Association
Frank Weil, co-founder of Weil, Gotshal & Manges
Joseph M. Proskauer, New York Supreme Court judge and name partner of the firm

References

^ "Vault Online Career Library". Vault.com. Retrieved 2014-08-07.
^ "Proskauer Rose LLP - Company History". Fundinguniverse.com. Retrieved 2014-08-07.
Lin, Anthony (2006-05-16). "lawjobs.com Career Center - Can the 'Jewish Law Firm' Success Story Be Duplicated?". Law.com. Retrieved 2014-08-07.
"The Am Law 100, the Early Numbers: Proskauer Maintains Upward Trajectory". Amlawdaily.typepad.com. 2012-02-22. Retrieved 2014-08-07.
"Proskauer Sees Double-Digit Revenue, Profit Gains as Core Industry Sectors Thrive". The American Lawyer. Retrieved 2022-02-08.
"Election Protection". 8 November 2012.
"Award". Archived from the original on 2011-06-07. Retrieved 2012-12-07.
"The 2019 Pro Bono Hot List".
"Ten Family-Friendly Firms (new ranking by law students)". Ms. JD. 2007-09-24. Retrieved 2014-08-07.
Proskauer Rose LLP - Proskauer Rose Named Leading Law Firm in The Legal 500 US Survey of Corporate and Financial Practices Archived July 23, 2009, at the Wayback Machine
Proskauer Rose LLP - Proskauer Rose Named Fastest-Growing Massachusetts Law Firm For Third Consecutive Year Archived March 6, 2008, at the Wayback Machine
^ Proskauer Rose LLP - Proskauer Rose Announces 15 Lawyers Named in Southern California Super Lawyers 2008 Archived April 3, 2008, at the Wayback Machine
"British Private Equity Awards 2022: winners announced | Unquote". www.unquote.com. 2022-10-05. Retrieved 2022-12-07.
Proskauer Rose to open Chicago office - Bankruptcy, Langer, New York - chicagotribune.com
Proskauer Rose Wins Important Copyright Victory for The White Stripes. | Legal > Legal Services from AllBusiness.com Archived March 29, 2008, at the Wayback Machine
"Law Blog - WSJ.com : Broadway Proskauer Rose". Blogs.wsj.com. 2007-11-29. Retrieved 2014-08-07.
"Stagehands End Walkout on Broadway - New York Times". Nytimes.com. 2007-11-29. Retrieved 2014-08-07.
"ACORN and the Ethics of Leadership". Correspondents.theatlantic.com. December 8, 2009.
Silverstein, Ken (10 May 2017). "The John Oliver Property Tax Scam: HBO Comedian Secretly Buys Manhattan Mansion". Observer. Retrieved 25 May 2017.
Sheffield, Matthew (12 May 2017). "Is John Oliver a hypocrite on taxes?". Salon. Salon Media Group Inc. Retrieved 25 May 2017.
"Celgene, Juno strike $9B pact".
"BIG EAST Announces Readmission of University of Connecticut". Big East Conference. Retrieved 2019-06-27.

External links

Official website
Proskauer Rose organizational profile at the National Law Review.

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