IN-DEPTH RESEARCH REPORT
on Proskauer Rose LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
- Designation: New York
- Head Count: 746
- Gross Revenues: $736,500,000
- Revenue Per Lawyer: $985,000
- Profits Per Partner: $1,850,000
- Year Over Year Change: 3
While the 660plus lawyers of Proskauer Rose handle a wide range of legal issues, the firms marquee practice has long been employment law. Proskauer was a finalist for The American Lawyers 2012 Labor and Employment Litigation Department of the Year award for its work on behalf of clients including Time Warner Cable Inc. and the McGrawHill Companies, Inc. Proskauers sports law department is also a signature practice: The firm is primary labor counsel to all five national sports leagues (baseball, basketball, football, hockey, and soccer) and handles everything from collective bargaining agreements and TV rights to legal issues involving stadium construction and snack bar sales.
Founded in 1875 in New York, Proskauerwhich ranked thirtyeighth on the 2011 Am Law 100 with $645 in revenuenow counts 160 equity partners and has offices in 12 locations, including Hong Kong, London, Paris, São Paulo, Brazil, and Beijing. Health care law, entertainment law, bankruptcy, and tax are other focal points for the firm.
In nonfinancial metrics Proskauer turns in an uneven performance. Summer associates, for example, give the firm good marks, placing it twelfth of 108 firms on The American Lawyers 2011 satisfaction survey. But fulltime associates arent as quick with the praise, ranking Proskauer eightieth of 137 firms in 2010 and seventysixth of 126 firms in 2011. Nor is diversity the firms strongest suit: It ranked onehundreth of 194 firms in 2011, with minorities making up just over 5 percent of U.S. partners. The news is better on the pro bono front, however: Proskauer placed fortyfifth of 200 firms on The American Lawyers 2011 Pro Bono Report, with lawyers averaging nearly 63 hours per year.
Proskauer was also one of relatively few firms to see its gross revenues inch upward during the recession, though it did let go of several dozen associates. Profits per partner, which did a small bit of seesawing between $1.4 and $1.5 million during 200810, jumped a solid 9 percent to $1.7 million in 2011. It was by far the strongest year weve ever had from every measure, says firm chair Joseph Leccese. Among the highlights were, no surprise, labor and sports work. The firm represented Major League Baseball on its new collective bargaining agreement, worked on the Los Angeles Dodgers bankruptcy, and assisted the Pacific12 in the creation of a TV network dedicated to broadcasting the conferences athletic contests.
Updated as of 1/1/12
|Survey||Rank||Year Over Year Change||Description|
|Am Law 100||36||3||Gross revenue|
|Am Law 200||36||3||Gross revenue|
|NLJ 250||55||1||Lawyer head count|
|The A-List||35||no change||Overall excellence|
|Pro Bono Scorecard||45||17||Pro-bono commitment|
|Diversity Scorecard||110||10||Minority head count|
|Midlevel Associates Survey||76||4||Job satisfaction|
|Summer Associates Survey||12||28||Summer programs|
In the News
Sara Randazzo : The Am Law Daily : May 21, 2013
Ropes & Gray has settled a two-year-old discrimination lawsuit brought by former partner Patricia Martone, who claimed management routinely passed her clients off to younger male partners and unfairly pushed her out of the firm.
Mary Pat Gallagher : New Jersey Law Journal : May 21, 2013
Judges should do more to enforce a court rule that lets them disregard a designation of trial counsel if that lawyer's unavailability will cause unacceptable delays, a state appeals court says.
: New York Law Journal : May 20, 2013
Five firms announce the addition of new partners, along with other moves, promotions and honors.
: The National Law Journal : May 20, 2013
The occasion of the Supreme Court's spring musicale saw Broadway great Barbara Cook belting out jazz and oldtime favorites. Plus: Skadden and News Corp., Arent Fox reps the 49ers, Boasberg clears the way for school closures, a circuit judge runs, and shoe business in this week's column.
Shannon Green : Corporate Counsel : May 20, 2013
Effective legal project management is very much on the minds of law departments, outside counsel, and the business units that partner with both sets of lawyers.
Drew Combs : The American Lawyer : May 19, 2013
In fits and starts, the Seattle-based firm saw the benefits of going national.
Sara Randazzo : The Am Law Daily : May 17, 2013
Ropes & Gray and former firm partner Patricia Martone, who is now with Morrison & Foerster, agreed Thursday to dismiss a lawsuit in which Martone accused Ropes of routinely passing her clients to younger male lawyers and unfairly pushing her out of the partnership in the fall of 2010.
Brian Baxter : The Am Law Daily : May 16, 2013
Lawyers from Covington, Katten Muchin, and Milbank were watching closely Wednesday as owners of the National Basketball Association's 30 teams voted against a $625 million deal that would have sent the Sacramento Kings north to Seattle. Meanwhile, in a move that might result in another major sports team heading to the Pacific Northwest, the National Hockey League and its attorneys from Skadden nixed a $278 million bid for the Phoenix Coyotes.
Saranac Hale Spencer : The Legal Intelligencer : May 14, 2013
Citizens Bank dodged a multimillion-dollar bullet when a federal jury in Pittsburgh agreed with its designation of assistant branch managers as salaried employees not eligible for overtime compensation under the Fair Labor Standards Act.
: The National Law Journal : May 13, 2013
Adrienne Pitts joins Baker & McKenzie as partner in the Chicago office. Plus more law firm movers in this week's column.
- Anderson Kill & Olick
- Arent Fox
- Arthur Cox
- Baker & McKenzie
- Chadbourne & Parke
- Cleary Gottlieb Steen & Hamilton
- Clifford Chance
- Covington & Burling
- Cravath, Swaine & Moore
- Davis Polk & Wardwell
- Dewey & LeBoeuf
- Dickstein Shapiro
- DLA Piper
- Duane Morris
- Fish & Richardson
- Fried, Frank, Harris, Shriver & Jacobson
- Gunderson Dettmer Stough Villeneuve Franklin & Hachigian
- Heller Ehrman
- Irwin Mitchell
- Jenner & Block
- Kasowitz, Benson, Torres & Friedman
- Kirkland & Ellis
- Latham & Watkins
- Mallesons Stephen Jaques
- Morgan, Lewis & Bockius
- Orrick, Herrington & Sutcliffe
- Paul, Hastings, Janofsky & Walker
- Perkins Coie
- Proskauer Rose
- Reed Smith
- Ropes & Gray
- Shearman & Sterling
- Sheppard, Mullin, Richter & Hampton
- Simpson Thacher & Bartlett
- Skadden, Arps, Slate, Meagher & Flom
- Slaughter and May
- Sonnenschein Nath & Rosenthal
- Sullivan & Cromwell
- Vinson & Elkins
- Weil, Gotshal & Manges
- Wilmer Cutler Pickering Hale and Dorr