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Proskauer Rose

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uuid00021u6

Namestring
Proskauer Rose
Legal namestring
Proskauer Rose LLP
Websiteurl
proskauer.com
Company typeenum
Private
Founded yearint
1875
Descriptiontext

Proskauer Rose LLP is a New York-headquartered, globally organized law firm established in 1875 that delivers legal services across corporate, finance, litigation, labor and employment, tax and private client matters to enterprises, asset managers, private capital sponsors, professional sports leagues and high-net-worth individuals. The firm operates through 12 offices in the Americas (New York, Boston, Charlotte, Chicago, Los Angeles, Boca Raton, New Orleans, Washington D.C.), Europe (London, Paris) and Asia (Hong Kong, São Paulo), staffed by 800+ lawyers including a 150-lawyer Global Finance platform that anchors a leading private credit, leveraged finance, structured credit and fund formation franchise. Its offering is organized around practice areas (Global Finance, Private Credit, Structured Credit, Private Investment Funds, Sports Media & Entertainment Finance, Labor & Employment, Litigation) and cross-cutting market solutions in Artificial Intelligence, Blockchain & Digital Assets, ESG, Regulatory & Compliance and a Proskauer+Tech offering — supported by proprietary thought leadership including the Private Credit Default Index, the annual Private Credit Insights Report, the Private Market Talks podcast and the Private Capital Conference Series.

The firm's revenue model is traditional professional services: client billing through billable hours and engagement-based fees across complex, multi-jurisdictional matters; pricing is not publicly disclosed. The go-to-market is enterprise, relationship-based and event-driven — anchored by thought-leadership content (analyst reports, summits, conferences) that feeds inbound interest from private equity sponsors (Adams Street, Schroder Capital, Partners Group), financial institutions (Barings), corporates (Grifols, Accor), and professional leagues (NHL, NBA, MLS, NWSL). Operational technology is limited to workflow tooling such as ILS ProVision for fund side-letter management; no software product, API, or proprietary AI/ML platform is offered. Competitive advantage rests on a long-tenured talent bench and top-tier external rankings (Chambers USA/Glob

Short descriptiontext

Proskauer Rose LLP is a global, 800-lawyer law firm headquartered in New York with 12 offices, advising private capital sponsors, asset managers, financial institutions, professional sports leagues and Fortune 500 companies across corporate, finance, litigation, labor and tax matters.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices12 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
corporate legal services, private equity law, litigation advisory, labor employment law, asset management counsel
SIC code1 code
  • Services-Legal Services8111
Product category
Legal Services
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model1 record
1Legal Services Fees
TypeProfessional Services
Description

Traditional law firm revenue model based on billable hours for legal services across multiple practice areas including corporate transactions, litigation, labor and employment, and regulatory compliance

proskauer.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 3 records shown
1Private Market Talks
Description

Podcast series hosted by Proskauer featuring leading asset managers, investors, and capital allocators discussing private markets

proskauer.com
+2 more records
Core offering1 text field

Proskauer Rose LLP is a global law firm delivering comprehensive legal advisory services across corporate/transactional, labor and employment, litigation, private client, and tax practices. The firm serves Fortune 500 companies, private equity sponsors, asset managers, professional sports leagues, and high-net-worth individuals through 800+ lawyers in 12 offices across the Americas, Europe, and Asia.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • $123.6 billion in transaction value from 450+ deals analyzed in 2025 Private Credit Insights Report
+2 more records
Product overview1 text field

Proskauer Rose is a global law firm providing legal services rather than a software product. The firm's offering consists of practice areas organized around key legal disciplines (Global Finance, Labor & Employment, Litigation, Tax) and industry/sector focuses (Private Capital, Sports, Technology), supported by cross-cutting Market Solutions (Artificial Intelligence, Blockchain & Digital Assets, Regulatory & Compliance, Proskauer+Tech). The primary service model is client-facing legal advisory across transactional, regulatory, and litigation matters, delivered through a network of 12 offices. Notable content/knowledge products include the 'Private Market Talks' podcast and the 'Private Capital Conference Series', which provide market intelligence to clients. No software-as-a-product, SaaS platform, or developer-facing API offerings are present.

Product and service10 records
1Global Finance
CategoryPractice Area
Description

Full-spectrum credit solutions including leveraged finance, syndicated credit, fund finance, structured credit, and direct lending advisory for banks, asset managers, and institutional investors.

2Private Credit
CategoryPractice Area
Description

Legal counsel for private credit transactions, investment management, and market intelligence on private credit trends for direct lending funds, credit funds, BDCs, and other private credit investors.

3Private Investment Funds / Fund Formation
CategoryPractice Area
Description

Capital raising and fund formation counsel for private equity, venture capital, hedge funds, and alternative investment fund managers.

4Labor & Employment
CategoryPractice Area
Description

Employment litigation, compensation and benefits, restrictive covenants, trade secrets, and whistleblower defense for employers.

5Litigation
CategoryPractice Area
Description

Dispute resolution including antitrust, appellate, securities litigation, white collar defense, and trials for corporate clients.

6Syndicated Leveraged Finance and Capital Markets
CategoryPractice Area
Description

Counsel on leveraged and investment-grade loans, high-yield bonds, asset-based financings, acquisition financings, and LBOs for financial institutions and corporate borrowers.

7Structured Credit
CategoryPractice Area
Description

Advisory on CLOs, CFOs, and securitization-based fund finance for asset managers, credit platforms, and institutional investors.

8Private Credit Restructuring
CategoryPractice Area
Description

Restructuring counsel for private credit investors including creditor rights, Chapter 11 restructurings, 363 sales, and DIP financing.

9Mergers & Acquisitions
CategoryPractice Area
Description

Counsel on mergers, acquisitions, governance matters, equity sales, and joint ventures for corporate and private equity clients.

10Private Capital
CategoryIndustry/Sector Focus
Description

Industry-focused advisory across the private capital landscape covering capital formation, deployment, portfolio management, and liquidity solutions.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierMinorTypeOthersAnnounced on2026-06-14
Description

King & Spalding hired Andrew Bettwy and Jin Joo from Proskauer Rose LLP; Bettwy previously served as co-head of Global Finance at Proskauer

Strategic tierMinorTypeOthersAnnounced on2026-04-27
Description

Axinn hired Rachael Philbin from Proskauer Rose where she served as innovation and transformation officer, reflecting broader trend of AI investment in law firms

Strategic tierMinorTypeOthersAnnounced on2025-10-03
Description

Kirkland & Ellis hired Jason Krochak from Proskauer Rose, reuniting him with Frank Saviano who joined from Latham & Watkins, as Kirkland builds sports law practice

Strategic tierNotableTypeStrategic or Co-development Partner
Description

Strategic partnership with KEY ESG sustainability management platform to release a compliance guide helping U.S. companies navigate California's climate disclosure requirements under SB 253 and SB 261 amid regulatory uncertainty

Strategic tierNotableTypeTechnology or Integration
Description

ILS, a legal technology company providing centralized workflow systems for private funds legal teams, counts Proskauer among its customers using the ProVision platform for side letter management and MFN processes

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global law firm of comparable size and breadth, with strong M&A, corporate finance, and private equity practices directly competing with Proskauer for Fortune 500 and PE sponsor clients.

TypeDirect peer
Description

NY-headquartered peer firm with strong private equity, M&A, and finance practices that compete head-to-head for the same institutional asset manager and sponsor clients as Proskauer.

TypeDirect peer
Description

Closely comparable global full-service firm with a large leveraged finance and PE practice anchored in NY/London, competing head-to-head with Proskauer on sponsor-side financings and cross-border M&A.

TypeDirect peer
Description

Elite NY-headquartered law firm with a top-tier M&A and corporate practice, comparable to Proskauer in serving major corporates and financial institutions across multiple jurisdictions.

TypeDirect peer
Description

Premier NY-headquartered law firm with top-ranked corporate and finance practices competing for the same Fortune 500, financial institution, and alternative-asset-manager clients as Proskauer.

TypeDirect peer
Description

The largest law firm globally by revenue and the dominant advisor in PE/credit — its private credit and leveraged finance practices directly overlap Proskauer's Global Finance offering. Kirkland is the primary peer for institutional PE sponsor work and was the beneficiary of Jason Krochak from Proskauer.

TypeDirect peer
Description

New York-headquartered elite law firm with overlapping practice areas including corporate/M&A, private equity, and litigation — a natural competitor for top sponsor-driven mandates out of NY.

TypeDirect peer
Description

Comparable in scale and practice mix — private equity, M&A, finance, and litigation — with strong presence in NY, London, and Hong Kong that competes directly with Proskauer for cross-border private capital work.

TypeBroad incumbent
Description

Smaller by headcount than Proskauer but an elite NY-headquartered incumbent in M&A, securities, and corporate litigation — relevant peer for benchmarking premium-mandate credentials.

TypeDirect peer
Description

Direct competitor in PE sponsor representation, leveraged finance, and fund formation with comparable global office footprint (NY, London, Hong Kong) and a particularly strong private credit practice.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers13 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment8 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Proskauer Rose

Legal Servicesproskauer.com

Proskauer Rose LLP is a global, 800-lawyer law firm headquartered in New York with 12 offices, advising private capital sponsors, asset managers, financial institutions, professional sports leagues and Fortune 500 companies across corporate, finance, litigation, labor and tax matters.

What Proskauer Rose does

Proskauer Rose LLP is a New York-headquartered, globally organized law firm established in 1875 that delivers legal services across corporate, finance, litigation, labor and employment, tax and private client matters to enterprises, asset managers, private capital sponsors, professional sports leagues and high-net-worth individuals. The firm operates through 12 offices in the Americas (New York, Boston, Charlotte, Chicago, Los Angeles, Boca Raton, New Orleans, Washington D.C.), Europe (London, Paris) and Asia (Hong Kong, São Paulo), staffed by 800+ lawyers including a 150-lawyer Global Finance platform that anchors a leading private credit, leveraged finance, structured credit and fund formation franchise. Its offering is organized around practice areas (Global Finance, Private Credit, Structured Credit, Private Investment Funds, Sports Media & Entertainment Finance, Labor & Employment, Litigation) and cross-cutting market solutions in Artificial Intelligence, Blockchain & Digital Assets, ESG, Regulatory & Compliance and a Proskauer+Tech offering — supported by proprietary thought leadership including the Private Credit Default Index, the annual Private Credit Insights Report, the Private Market Talks podcast and the Private Capital Conference Series.

The firm's revenue model is traditional professional services: client billing through billable hours and engagement-based fees across complex, multi-jurisdictional matters; pricing is not publicly disclosed. The go-to-market is enterprise, relationship-based and event-driven — anchored by thought-leadership content (analyst reports, summits, conferences) that feeds inbound interest from private equity sponsors (Adams Street, Schroder Capital, Partners Group), financial institutions (Barings), corporates (Grifols, Accor), and professional leagues (NHL, NBA, MLS, NWSL). Operational technology is limited to workflow tooling such as ILS ProVision for fund side-letter management; no software product, API, or proprietary AI/ML platform is offered. Competitive advantage rests on a long-tenured talent bench and top-tier external rankings (Chambers USA/Glob

Proskauer Rose firmographics

Firmographics
Name
Proskauer Rose
Legal name
Proskauer Rose LLP
Website
https://proskauer.com
Company type
Private
Founded year
1875
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Proskauer Rose LLP is a global, 800-lawyer law firm headquartered in New York with 12 offices, advising private capital sponsors, asset managers, financial institutions, professional sports leagues and Fortune 500 companies across corporate, finance, litigation, labor and tax matters.
Ownership category
akta.pro rank

Where Proskauer Rose is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices12 records

Markets served

Proskauer Rose business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Legal Services Fees: Traditional law firm revenue model based on billable hours for legal services across multiple practice areas including corporate transactions, litigation, labor and employment, and regulatory compliance

Go-to-market motion3 records

Distribution channels1 record

Marketing channels8 records

Proskauer Rose product offering

Product offering

Core offering

Proskauer Rose LLP is a global law firm delivering comprehensive legal advisory services across corporate/transactional, labor and employment, litigation, private client, and tax practices. The firm serves Fortune 500 companies, private equity sponsors, asset managers, professional sports leagues, and high-net-worth individuals through 800+ lawyers in 12 offices across the Americas, Europe, and Asia.

Product overview

Proskauer Rose is a global law firm providing legal services rather than a software product. The firm's offering consists of practice areas organized around key legal disciplines (Global Finance, Labor & Employment, Litigation, Tax) and industry/sector focuses (Private Capital, Sports, Technology), supported by cross-cutting Market Solutions (Artificial Intelligence, Blockchain & Digital Assets, Regulatory & Compliance, Proskauer+Tech). The primary service model is client-facing legal advisory across transactional, regulatory, and litigation matters, delivered through a network of 12 offices. Notable content/knowledge products include the 'Private Market Talks' podcast and the 'Private Capital Conference Series', which provide market intelligence to clients. No software-as-a-product, SaaS platform, or developer-facing API offerings are present.

Differentiator

Problem solved

Functional benefit

Brands

  • Private Market Talks: Podcast series hosted by Proskauer featuring leading asset managers, investors, and capital allocators discussing private markets
  • Proskauer+Tech
  • Private Capital Conference Series

Products and services

  • Global Finance Full-spectrum credit solutions including leveraged finance, syndicated credit, fund finance, structured credit, and direct lending advisory for banks, asset managers, and institutional investors.
  • Private Credit Legal counsel for private credit transactions, investment management, and market intelligence on private credit trends for direct lending funds, credit funds, BDCs, and other private credit investors.
  • Private Investment Funds / Fund Formation Capital raising and fund formation counsel for private equity, venture capital, hedge funds, and alternative investment fund managers.
  • Labor & Employment Employment litigation, compensation and benefits, restrictive covenants, trade secrets, and whistleblower defense for employers.
  • Litigation Dispute resolution including antitrust, appellate, securities litigation, white collar defense, and trials for corporate clients.
  • Syndicated Leveraged Finance and Capital Markets Counsel on leveraged and investment-grade loans, high-yield bonds, asset-based financings, acquisition financings, and LBOs for financial institutions and corporate borrowers.
  • Structured Credit Advisory on CLOs, CFOs, and securitization-based fund finance for asset managers, credit platforms, and institutional investors.
  • Private Credit Restructuring Restructuring counsel for private credit investors including creditor rights, Chapter 11 restructurings, 363 sales, and DIP financing.
  • Mergers & Acquisitions Counsel on mergers, acquisitions, governance matters, equity sales, and joint ventures for corporate and private equity clients.
  • Private Capital Industry-focused advisory across the private capital landscape covering capital formation, deployment, portfolio management, and liquidity solutions.

Quantifiable outcome

  • $123.6 billion in transaction value from 450+ deals analyzed in 2025 Private Credit Insights Report
  • +2 more outcomes

Companies that use Proskauer Rose

Customer profile

Named customers13 records

Segments8 records

Ideal customer profiles3 records

Proskauer Rose technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Proskauer Rose partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered minor and notable.

  • King & SpaldingminorOthers · 14 June 2026King & Spalding hired Andrew Bettwy and Jin Joo from Proskauer Rose LLP; Bettwy previously served as co-head of Global Finance at Proskauer
  • Axinn, Veltrop & Harkrader LLPminorOthers · 27 April 2026Axinn hired Rachael Philbin from Proskauer Rose where she served as innovation and transformation officer, reflecting broader trend of AI investment in law firms
  • Kirkland & EllisminorOthers · 3 October 2025Kirkland & Ellis hired Jason Krochak from Proskauer Rose, reuniting him with Frank Saviano who joined from Latham & Watkins, as Kirkland builds sports law practice
  • KEY ESGnotableStrategic or Co-development PartnerStrategic partnership with KEY ESG sustainability management platform to release a compliance guide helping U.S. companies navigate California's climate disclosure requirements under SB 253 and SB 261 amid regulatory uncertainty
  • ILS (Intelligent Legal Solutions)notableTechnology or IntegrationILS, a legal technology company providing centralized workflow systems for private funds legal teams, counts Proskauer among its customers using the ProVision platform for side letter management and MFN processes

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Proskauer Rose competitors and assessment

Company assessment

Direct peers

  • Skadden, Arps, Slate, Meagher & Flom: Global law firm of comparable size and breadth, with strong M&A, corporate finance, and private equity practices directly competing with Proskauer for Fortune 500 and PE sponsor clients.
  • Debevoise & Plimpton: NY-headquartered peer firm with strong private equity, M&A, and finance practices that compete head-to-head for the same institutional asset manager and sponsor clients as Proskauer.
  • Latham & Watkins: Closely comparable global full-service firm with a large leveraged finance and PE practice anchored in NY/London, competing head-to-head with Proskauer on sponsor-side financings and cross-border M&A.
  • Cleary Gottlieb Steen & Hamilton: Elite NY-headquartered law firm with a top-tier M&A and corporate practice, comparable to Proskauer in serving major corporates and financial institutions across multiple jurisdictions.
  • Davis Polk & Wardwell: Premier NY-headquartered law firm with top-ranked corporate and finance practices competing for the same Fortune 500, financial institution, and alternative-asset-manager clients as Proskauer.
  • Kirkland & Ellis: The largest law firm globally by revenue and the dominant advisor in PE/credit — its private credit and leveraged finance practices directly overlap Proskauer's Global Finance offering. Kirkland is the primary peer for institutional PE sponsor work and was the beneficiary of Jason Krochak from Proskauer.
  • Paul, Weiss, Rifkind, Wharton & Garrison: New York-headquartered elite law firm with overlapping practice areas including corporate/M&A, private equity, and litigation — a natural competitor for top sponsor-driven mandates out of NY.
  • Sidley Austin: Comparable in scale and practice mix — private equity, M&A, finance, and litigation — with strong presence in NY, London, and Hong Kong that competes directly with Proskauer for cross-border private capital work.
  • Simpson Thacher & Bartlett: Direct competitor in PE sponsor representation, leveraged finance, and fund formation with comparable global office footprint (NY, London, Hong Kong) and a particularly strong private credit practice.

Broad incumbents

  • Cravath, Swaine & Moore: Smaller by headcount than Proskauer but an elite NY-headquartered incumbent in M&A, securities, and corporate litigation — relevant peer for benchmarking premium-mandate credentials.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Proskauer Rose social profiles

Digital presence

Proskauer Rose financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Proskauer Rose leadership team

Management profile

Number of profiles

Profiles1 record

Proskauer Rose funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Proskauer Rose M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Proskauer Rose

What does Proskauer Rose do?

Proskauer Rose LLP is a global law firm delivering comprehensive legal advisory services across corporate/transactional, labor and employment, litigation, private client, and tax practices. The firm serves Fortune 500 companies, private equity sponsors, asset managers, professional sports leagues, and high-net-worth individuals through 800+ lawyers in 12 offices across the Americas, Europe, and Asia.

Is Proskauer Rose a public or private company?

Proskauer Rose is a private company. It is classified as management employee owned and is currently operating.

When was Proskauer Rose founded?

Proskauer Rose was founded in 1875. It employs 1,001 to 5,000 people.

Where is Proskauer Rose based?

Proskauer Rose is headquartered in New York, United States, in the North America region.

How does Proskauer Rose make money?

One revenue line is on record: legal Services Fees.

Who are Proskauer Rose's main competitors?

Direct peers on record are Skadden, Arps, Slate, Meagher & Flom, Debevoise & Plimpton, Latham & Watkins, Cleary Gottlieb Steen & Hamilton, Davis Polk & Wardwell, Kirkland & Ellis, Paul, Weiss, Rifkind, Wharton & Garrison, Sidley Austin and Simpson Thacher & Bartlett. Cravath, Swaine & Moore is listed as a broad incumbent.

Does Proskauer Rose have an API?

No public API is recorded for Proskauer Rose.

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Live signals
The Real DealNew York City’s top office leases in SeptemberNew York City's top office leases for September were led by Proskauer Rose, a law firm, with a 478,000-square-foot renewal in Times Square. Other deals included a government agency, General Atlantic, and Gusto, with square footage ranging from 76,000 to 478,000.Law.comProskauer Takes Four-Lawyer DLA Piper Antitrust Team in Strategic Paris Build-Out | Law.comProskauer hired Edouard Sarrazin, a veteran antitrust partner from DLA Piper, along with a counsel and two associates in Paris. The move builds on strategic partner additions in France across private funds, private equity, and M&A.GlobeStProskauer Rose Signs 478K SF Extension at Times Square OfficeProskauer Rose expanded its Times Square office to about 478,000 square feet, adding roughly 60,000 square feet across 14.5 floors. The firm extended its lease by 15 years, and occupancy at the building is 93 percent.Commercial ObserverLaw Firm Proskauer Rose Expands to 478K SF at SJP’s 11 Times SquareProskauer Rose added roughly 60,000 square feet to its 11 Times Square footprint, bringing total occupancy to about 478,000 square feet. The coterminous lease renewal and expansion added 15 years to the current lease, with construction on the 32nd floor due to wrap up in early 2027.New York PostProskauer Rose law firm adds 2 more floors at 11 Times SquareProskauer Rose added two floors at 11 Times Square, renewing its lease and raising its presence to 478,000 square feet in the 1.1 million square-foot tower. The tower is roughly 93% leased to tenants including Microsoft, Ducera, and Moore Capital.Above the LawThe Richest Law Firms Are Looking At Private Equity Cash Because I Guess They Don’t Have Enough MoneySeveral of the world's wealthiest law firms are exploring the possibility of taking in outside private equity capital, with preliminary discussions underway at firms like Paul, Weiss, Quinn Emanuel, Proskauer, White & Case, and McDermott Will & Schulte. These firms are considering structures like management services organizations (MSOs) to bypass ethical restrictions on non-lawyer ownership and finance technology and growth initiatives. Despite their profits and financial strength in 2026, skepticism exists among partners about the timing and implications of private equity investments in large law firms.The National Law ReviewAdvice for Navigating the Department of Veterans Affairs BenefitsProskauer law firm launched a new pro bono initiative across all U.S. offices this summer to help veterans navigate the Department of Veterans Affairs benefits system, including seeking discharge upgrades and appealing adverse benefits determinations. The firm has partnered with multiple organizations including the National Veterans Legal Services Program, Harvard Law School's Veterans Law Unit, and the City Bar Justice Center's Veterans Assistance Project to provide legal representation to veterans. The article notes that approximately 15.8 million veterans lived in the United States in 2023, many facing challenges including service-related physical and mental health conditions, economic hardship, and complex administrative barriers to accessing earned benefits.PrivateequitywireMajor US law firms explore PE investment through alternative ownership structuresSeveral major US law firms including Paul Weiss, Quinn Emanuel, Proskauer and White & Case are exploring private equity investment through Management Services Organisation (MSO) structures, which would allow outside investors to own non-legal business functions while keeping legal practice ownership with lawyers. Quinn Emanuel has held discussions with investment bank Guggenheim Securities, though no firm has yet completed a large-scale private equity transaction under this model. The trend reflects growing interest from both law firms seeking capital for AI and technology investment, and private equity seeking exposure to professional services with resilient recurring revenues.PitchBookPrivate credit default rate falls to 2.5% in Q2, software stable – ProskauerThe Proskauer Private Credit Default Index recorded a decline in the private credit default rate to 2.51% in Q2 from 2.73% in Q1, with defaults falling among both larger borrowers (EBITDA ≥$50 million) to 2.4% from 3% and smaller borrowers (less than $25 million) to 1.9% from 2.3%. The index tracks 716 US senior secured and unitranche loans representing $195.6 billion in original principal amount. A Proskauer partner stated the decline reinforces the resilience of the private credit market despite continued economic uncertainty, with software and technology sector defaults remaining stable.Sports Business JournalSports Business Daily: Executive Transactions - July 30, 2026Sports Business Daily compiled multiple executive personnel announcements in the sports industry for July 30, 2026, including TMRW Sports hiring Champ Kelly as SVP/Flag Football Operations for its new professional flag football league, Jeffrey Pash joining law firm Proskauer as a sports law partner after leaving the NFL, and Hockey Canada naming Danièle Sauvageau as GM of Canada's National Women's Program through the 2030 Olympics while maintaining her PWHL Montreal Victoire role through 2026-27. Additional moves include Jason Mackey joining the Charles Schwab Challenge as Director of Sales and Sponsorships, Ball State President Geoffrey Mearns appointed to the College Football Playoff Board of Managers, Ryan Madden named Wake Forest's Exec Associate AD and Chief Brand and Revenue Officer, and Pete Nochta hired as football GM at the University of Kentucky.