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
Diane Jeantet : The Am Law Daily : April 5, 2013
The president of the Hispanic National Bar Association joins Barnes & Thornburg; Fox Rothschild hires a former mayor to open an office in Coral Gables, Florida; and K&L Gates loses three intellectual property partners to Perkins Coie. The Churn is constant. Please send all announcements to email@example.com.
Brian Baxter : The Am Law Daily : April 4, 2013
A close look at the legal fees accrued by the National Football League Players Association in its collective bargaining battle with owners in 2011.
Peter M. Fass : New York Law Journal : April 3, 2013
In his Real Estate Securities column, Proskauer Rose partner Peter M. Fass discusses the consequences when the limited partners of a troubled investment are required to contribute additional capital as a temporary restructuring device, and when some of the partners do not make additional contributions to the partnership.
Brian Baxter : The Am Law Daily : April 3, 2013
In our latest look at sports and the law, The Am Law Daily does some spring cleaning by tracking down the legal fees accrued by the National Football League Players Association in its collective bargaining battle with owners in 2011; catching up with one of the NCAA's top outside litigators from Schiff Hardin; and looking at the lawyers staying busy for Major League Baseball and the New York Yankees.
Tania Karas : New York Law Journal : March 29, 2013
New York City's Law Department has announced that Andrew Fine, a third-year student at New York University School of Law, is the second clerk for its new, privately funded one-year clerkship program.
Sara Randazzo : The Am Law Daily : March 29, 2013
An attorney representing Ropes & Gray insisted at a March 27 hearing that the firm fired a 63-year-old female partner in fall 2010 because it no longer made economic sense to keep her, not because it was discriminating or retaliating against her.
Diane Jeantet : The Am Law Daily : March 29, 2013
Jones Day hires a bankruptcy partner from Cadwalader, Wickersham & Taft; Cozen O'Connor loses the cochair of its family law practice to Obermayer Rebmann Maxwell & Hippel; and Quinn Emanuel Urquhart & Sullivan expands in London. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
Sara Randazzo : The Am Law Daily : March 29, 2013
An attorney representing Ropes & Gray insisted at a Wednesday hearing in New York that the firm fired a 63-year-old female partner in the fall of 2010 because it no longer made economic sense to keep her, not because it was discriminating or retaliating against her.
Steve Plunkett : Daily Business Review : March 28, 2013
Multimillionaire John Goodman's secretive adoption of his adult girlfriend was tossed by a state appeals court.
Sara Randazzo : The Am Law Daily : March 27, 2013
Attorneys for Ropes & Gray attempted Wednesday to persuade a Manhattan federal district court judge to dismiss a discrimination lawsuit brought against the firm by patent litigator Patricia Martone. The hearing ended without a ruling in the two-year-old case.
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