Proskauer Rose

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.{{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}} 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.{{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}}

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.{{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}} 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.

File:11 Times Square New York NY 2014 09 02 01.jpg photographed from the southeast corner of West 41st Street and Eighth Avenue]]

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.{{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}} 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.{{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}}

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.{{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}}

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.{{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 }}

In 2019, Proskauer was named to The National Law Journal's "Pro Bono Hot List".{{Cite web|url=https://www.law.com/nationallawjournal/2019/05/01/the-2019-pro-bono-hot-list/|title = The 2019 Pro Bono Hot List}}

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.{{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}}

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.[http://www.proskauer.com/news_publications/press_releases/content/2007_01_09 Proskauer Rose LLP - Proskauer Rose Named Leading Law Firm in The Legal 500 US Survey of Corporate and Financial Practices] {{webarchive |url=https://web.archive.org/web/20090723043334/http://www.proskauer.com/news_publications/press_releases/content/2007_01_09 |date=July 23, 2009 }}

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.[http://www.proskauer.com/news_publications/press_releases/content/2008_01_30 Proskauer Rose LLP - Proskauer Rose Named Fastest-Growing Massachusetts Law Firm For Third Consecutive Year] {{webarchive |url=https://web.archive.org/web/20080306233855/http://www.proskauer.com/news_publications/press_releases/content/2008_01_30 |date=March 6, 2008 }}

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).[http://www.proskauer.com/news_publications/press_releases/content/2008_02_04 Proskauer Rose LLP - Proskauer Rose Announces 15 Lawyers Named in Southern California Super Lawyers 2008] {{webarchive |url=https://web.archive.org/web/20080403205141/http://www.proskauer.com/news_publications/press_releases/content/2008_02_04 |date=April 3, 2008 }} 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.{{citation needed|date=February 2019}}

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

• 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.[http://www.chicagotribune.com/business/chi-thu-proskauer-rose-law-firm-apr03,0,3368003.story Proskauer Rose to open Chicago office - Bankruptcy, Langer, New York - chicagotribune.com]{{dead link|date=August 2014}}
• 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.[http://www.allbusiness.com/legal/legal-services-law-practice-major-us-firms/5485737-1.html Proskauer Rose Wins Important Copyright Victory for The White Stripes. | Legal > Legal Services from AllBusiness.com] {{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}}
• The firm represented the League of American Theatres and Producers during the stagehands strike in the fall of 2007.{{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}}{{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}}
• 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.{{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}}
• In 2015, Last Week Tonight host John Oliver employed the firm to purchase a $9.5 million 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.{{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}}{{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}}
• In 2017, Proskauer Rose represented Celgene in its $9 billion acquisition of cancer drug maker Juno Therapeutics.{{cite web|title=Celgene, Juno strike $9B pact|url=https://pitchbook.com/newsletter/celgene-juno-strike-9b-pact}}
• In 2019, Proskauer Rose represented the Big East Conference as it readmitted the University of Connecticut back to the Big East.{{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}}

==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

• List of largest United States-based law firms by profits per partner

{{reflist}}

• {{Official website|http://www.proskauer.com/}}
• [http://www.natlawreview.com/organization/proskauer-rose-llp Proskauer Rose] organizational profile at the National Law Review.

Category:Law firms based in New York City

Category:Law firms established in 1875