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
Greg Farrell : Bloomberg : April 24, 2013
The capture and charging of suspected Boston Marathon bomber Dzhokhar Tsarnaev shifts attention from the manhunt to the prosecution by U.S. Attorney Carmen Ortiz in one of the biggest terrorism cases since the trial of Oklahoma City bomber Timothy McVeigh two decades ago.
Sara Randazzo : The Am Law Daily : April 23, 2013
Steven Davis—one of three former Dewey & LeBoeuf leaders often faulted for causing the firm's collapse—has agreed to pay the Dewey estate more than half a million dollars to resolve allegations that his stewardship was indeed to blame. Dewey insurers, meanwhile, have agreed to contribute $19 million to the estate.
Saranac Hale Spencer : The Legal Intelligencer : April 23, 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.
Diane Jeantet : The Am Law Daily : April 23, 2013
K&L Gates adds two partners in Charleston; former Nelson Mullins Riley & Scarborough partners join Kilpatrick Townsend & Stockton in Atlanta; and the New York office of Sheppard Mullin Richter & Hampton welcomes nine new attorneys, including three partners. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
: New York Law Journal : April 22, 2013
Zainab Ahmad and Cristina Posa have been named deputy chiefs of the national security and cybercrime section of the Eastern District U.S. Attorney's Office, among other announcements.
Katharine Parker and Jacquelyn Weisman : New York Law Journal : April 22, 2013
Katharine Parker, a partner at Proskauer Rose, and Jacquelyn Weisman, an associate at the firm, write that the 2010 Patient Protection and Affordable Care Act ushered in a range of new responsibilities for employers, among them the requirement that employers provide reasonable time and a private place for employees to express breast milk for nursing children.
Daniel L. Saperstein and Kelly Anne Targett : The National Law Journal : April 16, 2013
What is a religion? This seemingly simple question has proven difficult to answer?particularly for courts tasked with deciding the merits of claims for religious discrimination brought under Title VII of the Civil Rights Act of 1964. That federal law prohibits employers with 15 or more employees from discriminating on the basis of religion.
Daniel L. Saperstein and Kelly Anne Targett : The National Law Journal : April 15, 2013
What is a religion? This seemingly simple question has proven difficult to answer — particularly for courts tasked with deciding the merits of claims for religious discrimination brought under Title VII of the Civil Rights Act of 1964.
: The Recorder : April 12, 2013
A weekly report of lawyer moves and law firm changes. Keep abreast of where movers and shakers are going and what they're doing.
Leigh Jones : The National Law Journal : April 10, 2013
A former in-house attorney at cable TV giant Discovery Communications has lost a federal appeal in her claim that she was unjustly fired because of a sleeping disorder.
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