2023 Vault Rankings
- Firm Culture#24
At a Glance
“The people and vibe”
“Lack of billable hours requirement”
“Lack of clarity about expectations”
“Unknowns regarding partnership timing and factors”
About Proskauer Rose LLP
Proskauer Rose is practically synonymous with “sports law”—clients include Major League Baseball, the National Football League, the National Hockey League, and the National Basketball Association. Although flashy, this reputation shortchanges the firm’s incredibly diversified work, which features top-notch corporate, litigation, tax, private client services, entertainment, and labor and employment practices.
From Small Business to Big Business
Firm forefather William R. Rose opened up shop in downtown Manhattan in 1875 at the sprightly age of 21. Rose’s first clients were local retailers, and his skill soon caught the attention of New York’s burgeoning business class, who hired Rose’s firm to represent them in corporate and personal estate matters. The firm’s reputation (and headcount) continued to grow, and by 1907, name partner Benjamin Paskus—a tax specialist—joined the firm. The outfit founded a successful tax practice following the Sixteenth Amendment’s passage in 1913. Joseph Proskauer joined the firm in 1930 and ushered in a new era for the firm. Proskauer’s passion for music forged connections with Carnegie Hall and some of America’s most prominent musicians, including Leonard Bernstein, whose estate is still handled by the firm.
Labor, Layups, and Lead Passes
Proskauer lawyers are leaders in labor and employment, consistently ranking in the top 10 of Vault’s practice area ranking. Among the areas the firm covers are employee benefits and executive compensation, employment counseling, employment litigation and class actions, labor/management relations, non-compete and trade secrets, strategic corporate planning, and whistleblowers. The firm gets its insights into the blog-o-sphere through its Law and the Workplace blog and even has a podcast on employee benefits and executive compensation.
Proskauer is officially the king of media, entertainment, and sports—the firm holds the No. 1 spot in Vault’s Media, Entertainment, & Sports ranking. The firm’s sports law practice began in 1963, thanks to partner George Gallantz, who represented a young organization called the National Basketball Association. Three years later, an attorney named David Stern joined the firm—Stern went on to serve as the NBA’s counsel, executive vice president, and, finally, commissioner (he retired in February 2014). The firm also counts Gary Bettman, commissioner of the National Hockey League, among its notable alumni. The firm’s sports-related experience includes everything from M&A and financing to stadium negotiations and collective bargaining to employment and litigation to IP and licensing—and that’s just the tip of a very big iceberg.
Beyond labor and sports, Proskauer boasts a nationally recognized Private Investment Funds group, as well as litigators who handle cutting-edge intellectual property matters and defend major white collar cases.
You May Have Heard of Them
Proskauer shines across its practice areas. It’s fitting that the firm’s client roster glitters, too. Among the firm’s clients are Ardian, JP Morgan, Bank of America, Tiffany, Neuberger Berman, all of the major sports leagues, Burberry, Barney’s, Coca-Cola, Creative Artists Agency, Church & Dwight, Diageo, Hermès, Hulu, Johnson & Johnson, Sony Pictures, the Broadway League, MoMA, Neiman Marcus, T-Mobile, MetLife, The New York Times, and the New York Stock Exchange.
News & Awards
- Proskauer represented the ownership of the Carolina Panthers in the US$2.275 billion sale of the team to hedge fund billionaire David Tepper. This was a record-breaking transaction that will have a profound effect on the market for team sales.
- Proskauer secured a landmark victory for Monsanto in a case brought by a woman claiming that use of the herbicide Roundup caused her non-Hodgkin’s lymphoma.
- Represented Stamps.com, a top provider of e-commerce shipping solutions, in its $6.6 billion acquisition by Thoma Bravo.
- Represented Soccer United Marketing, LLC, an affiliate of Major League Soccer, in a $25M loan from a syndicate of Black-owned banks organized by the National Black Bank Foundation.
- For well over a decade, Proskauer has been working to protect voters’ rights with the Lawyers’ Committee for Civil Rights on its Election Protection Program. Election protection is a nationwide non-partisan effort to ensure that every American is able to exercise their right to vote.
- Yale Law Women Named Proskauer a top firm for Culture and an honorable mention for Agency & Flexibility
- Firm of the Year Award: Bankruptcy (West Coast) and Labor and Employment Management (East Coast), 2021—Benchmark Litigation
- 91 Tier 1 Rankings, 2022—Best Lawyers “Best Law Firms”
- Top-tier rankings across 16 practice areas, 2022—Chambers Global
- Shortlisted for Law Firm of the Year in EMEA for Fund Formation and Secondaries Law Firm of the Year in Europe and the Americas—Private Equity International
11 Times Square
New York, NY 10036
Phone: (212) 969-3000
Chair: Steven M. Ellis
Recruiting Chairs: Matthew Triggs (Boca Raton); Charles Dale, Galen Lewis, Katelyn O'Brien (Boston); Marc Rosenthal (Chicago); Guy Brenner (DC); Doug Frank, Jennifer Roche (LA); Nicole Eichberger (New Orleans); Michael Mervis, Timothy Karcher (NY)
Total No. Attorneys (2022):
750 - 1K
No. of Partners Named 2022:
1st year: $215,000
2nd year: $225,000
3rd year: $250,000
4th year: $295,000
5th year: $345,000
6th year: $370,000
7th year: $400,000
8th year: $415,000
9th year: $415,000
Summer Associate: $4,135/week
Rachel L. Kleiner
Director of Legal Recruiting
No. of U.S. Offices: 7
No. of International Offices: 5
Boca Raton, FL
Los Angeles, CA
New Orleans, LA
New York, NY (HQ)
Washington, DC I Beijing
Bankruptcy & Restructuring
Mergers and Acquisitions
Employee Benefits, Executive Compensation & ERISA Litigation
Labor & Employment
Private Client Services
*See firm website for complete list of practice areas and industries.