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Law Firm News

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Reed Smith

Reed Smith’s Fogel To Lead California Academy of Appellate Lawyers
Paul Fogel, a partner an appellate specialist in top 25 international law firm Reed Smith LLP, was elected the 2006-2007 President of the prestigious California Academy of Appellate Lawyers (CAAL), at the Academy’s annual meeting last weekend in Carmel.

“It is an honor and a privilege to have the opportunity to lead this august body, especially given the impressive list of appellate practitioners who have preceded me as President” said Fogel. “The Academy plays an important role in advocating for the highest standards of excellence in appellate advocacy and appellate decision-making in California. I look forward to the opportunity of advancing that goal in this highly specialized area of law.”

Mr. Fogel has been a member of the invitation-only organization since 1990. He served in number of other leadership positions within CAAL before assuming the presidency last weekend. Members of CAAL must have a minimum of ten years of practice experience and must have served as lead counsel in no fewer than 25 appeals and argued at least 15 appeals or writs. The organization’s mission is to provide continuing education in the specialty of appellate practice in California. It also works with appellate justices from the California Courts of Appeal, the California Supreme Court, and the Ninth Circuit Courts of Appeals and their staff to analyze and deal with problems of mutual concern as a means of improving the quality of appellate practice. The Academy often appears as amicus curaie in cases that affect appellate practice, and its members served on committees devoted to improving appellate practice and decision-making in appellate courts in California.

A 1976 graduate of the UCLA Law School, Fogel has a substantial practice focused on appeals, writs, post-trial motions, and law and motion matters in a broad range of civil law areas, including unfair competition, health care, trademark infringement, trade secret misappropriation, defamation, products liability, taxation, contracts, public entity law, premises liability, employment, professional negligence, higher education and constitutional law. He has handled more than 350 appellate matters that have produced more than 50 published opinions, including matters in the California Supreme Court, the District of Columbia and Ninth Circuit Courts of Appeals and every Appellate District of the California Court of Appeal.

A frequent speaker on appellate law and other substantive law topics at MCLE and bar association programs, Fogel has also lectured in both French and English on American and comparative law subjects under the auspices of the United States Information Service in several African and Middle Eastern countries and at universities in France and Belgium.

Mr. Fogel is a California State Bar-Certified Specialist in Appellate Law and also a Fellow of the American Academy of Appellate Lawyers. In 2004, Chief Justice Ronald George appointed him to the Judicial Council’s Appellate Advisory Committee, which makes recommendations to the Council on appellate policy and procedural matters. For six years before that he was a member of the Judicial Council's Appellate Rules Task Force, which rewrote California's appellate rules--the first such major overhaul since the 1940s. In 2005, he was named one of Northern California's ""Top 100 Attorneys"" by No. Cal. Superlawyer Magazine (2005) and has been selected for inclusion in Best Lawyers in America (2006).

Other Reed Smith attorneys active in the Academy include partners James Martin, who led the organization as President in 2003, Kathy Banke, and of counsel Peter W. Davis, who also served as President of the Academy.

05-22-2006

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Day Pitney, LLP

Pitney Hardin LLP Announces New Associate
Pitney Hardin LLP announces that Carolyn E. Elbert, has joined the firm as an associate attorney in the Litigation Department, resident in the Morristown office.

Ms. Elbert has a varied litigation practice including trademark, healthcare, white collar criminal defense, products liability, Fair Credit Reporting Act, and other commercial litigation.

Ms. Elbert graduated cum laude from Cornell University, where she was a member of the National Society of Collegiate Scholars, and received her J.D. from Columbia University School of Law where she was a Stone Scholar and served as the articles editor for The Journal of Gender and Law. Ms. Elbert is admitted to the bar in Maryland.

05-22-2006

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O'Melveny & Myers, LLP

O\'Melveny & Myers Advising the Board of Directors of NYSE Group, Inc. in Proposed Historic Business Combination with Euronext N.V.
O'Melveny & Myers LLP is advising the Board of Directors of NYSE Group, Inc. in connection with its offer to merge with Euronext N.V. Walter Dellinger of O'Melveny's Washington, D.C. office and Spencer Klein, Steve Epstein and Sheila Fitzpatrick of O'Melveny's New York office are leading this representation. Wachtell Lipton Rosen & Katz LLP is counsel to NYSE Group, Inc. and Citigroup Global Markets is serving as financial advisor.

The following press release was distributed yesterday.

NYSE Group, Inc. Proposes Historic Business Combination With Euronext N.V.
--NYSE Euronext will be a Truly Global Marketplace--

""On behalf of the NYSE Group Board of Directors, I would like to thank the leadership of Euronext for the time spent to discuss and consider this historic business combination, which will transform the global financial marketplace. This transaction will produce significant synergies, outstanding value and growth opportunities, as well as tremendous benefits to all of our stakeholders, including shareholders, customers, employees, issuers and investors.""

--Marshall N. Carter, Chairman, NYSE Group, Inc.

""Euronext, under the leadership of Jean-François Théodore, is an innovator with a proven track record of success that shares our vision of the global financial marketplace. NYSE Euronext will be the world's most liquid and truly global financial marketplace offering unparalleled benefits for investors and issuers in the United States, Europe and across the globe.""

--John A. Thain, Chief Executive Officer, NYSE Group, Inc.

New York, May 22, 2006 -- NYSE Group, Inc. (NYSE: NYX) today confirmed in a letter to the Chairmen of the Euronext N.V. Supervisory and Management Boards the terms of a business combination proposal under discussion between NYSE Group, Inc. and Euronext N.V. Attached is a copy of that letter, which was co-signed by NYSE Group's Marshall N. Carter, Chairman of the Board of Directors, and John A. Thain, Chief Executive Officer.

In its proposal to Jan-Michiel Hessels, Chairman of the Supervisory Board of Euronext, and Jean-François Théodore, Chief Executive Officer and Chairman of the Managing Board of Euronext, NYSE Group states: ""Combining our two companies will be a significant and historic step that will benefit global securities markets and all of our stakeholders, including shareholders, customers, employees, issuers, and the investing public in the United States, Europe and across the globe.""

The advantages of a combined NYSE Group-Euronext include:

A strategic partnership that creates the world's largest and most liquid global securities marketplace with a combined market capitalization of $21 billion (€16 billion);
A market leadership position in a diverse set of large and growing businesses, including cash equities, listings, equity options and futures, bonds and market data;
The world's premier listing venue, with a total global market capitalization of listed companies at $27 trillion (€21 trillion), nearly three times that of the next largest marketplace and more than that of the next four exchanges combined;
Significant cost and revenue synergies totaling $375 million (€293 million), creating considerable earnings per share accretion, and substantial value creation for the respective shareholders of NYSE Group and Euronext;
An experienced global board and world-class leadership team, with group headquarters at NYSE Group's current headquarters and European headquarters at Euronext's headquarters, reinforcing Euronext's role as the premier financial marketplace of continental Europe;
A shared commitment to cooperative multilateral regulation, saluting the effectiveness of Euronext's College of Regulator model to enforce local rules;
A common vision of technology strategy and a horizontal business model; and
No competition issues, resulting in expedited closure and execution by an experienced management team.
Under terms of the proposal, each share of NYSE Group will be converted into one share of common stock of the combined company, which will be named ""NYSE Euronext."" Holders of Euronext ordinary shares will be offered the right to exchange each of their shares for 0.980 shares of NYSE Euronext stock and €21.32 in cash. The transaction is based on a fixed ratio of 1.4000 shares of the combined company for each Euronext ordinary share, with 30% of the aggregate consideration paid in cash.[1] The transaction terms also assume Euronext will pay to its shareholders its ordinary dividend of €1 per share this year and its previously announced extraordinary dividend of €3 per share.

The board of the combined company will be comprised of 20 directors -- 11 directors from NYSE Group and nine directors designated by Euronext. The Chairman will be Mr. Hessels, Euronext's current Supervisory Board Chairman, and the Deputy Chairman will be Mr. Carter, NYSE Group's current Chairman. Mr. Thain will be the Chief Executive Officer of NYSE Euronext and Mr. Théodore will be Deputy Chief Executive Officer, with direct responsibility for the European business. The senior management team will be drawn equally from each of NYSE Group and Euronext, reinforcing the globally-balanced character of the new company.

The common stock of the combined company will be listed on both the New York Stock Exchange and Euronext, and traded in the local currency on each market.
Citigroup Corporate and Investment Banking is acting as financial advisor to the NYSE Group on this transaction.

[1] Based on the closing market price of NYSE Group common stock of $64.50 on May 19, 2006.

05-22-2006

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Nutter McClennen & Fish LLP

Maria Buckley presents at Outsourcing & Offshoring Clinical Trials
Maria Buckley, of counsel to the firm’s Health Care practice, was invited to present a case study, “Lessons Learned From the Contracting Process,” during Outsourcing & Offshoring Clinical Trials on May 22-23 in Boston. The conference will address how to optimize participation, maintain regulatory compliance, accelerate drug approval time and reduce costs.

Conference producers are promoting the session as an opportunity for attendees to ""master the skills needed to complete a successful global contracting process by comparing the U.S. and the European Union at a session led by one of the nations leading clinical trial law firms - Nutter McClennen & Fish LLP.

05-22-2006

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Michael Best & Friedrich, LLP

Forum Elects F. William Haberman Board Chairman
F. William Haberman, a partner in the Wealth Planning Services Group at Michael Best & Friedrich LLP, has been elected chairman of the Public Policy Forum, succeeding Rick White, who had been chairman for two years. Haberman is a community leader who played a key role in the development of the Third Ward’s Milwaukee Public Market. As president and manager of the Richard & Ethel Herzfeld Foundation, he has supported the arts and culture, initiatives within the Latino community, and a variety of other causes throughout southeastern Wisconsin. Haberman is also a member of the Greater Milwaukee Committee, and on the boards of the UWM Foundation and The Peters Foundation.

Haberman received his law degree from Harvard Law School and his undergraduate degree from the University of Wisconsin-Madison.

05-22-2006

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Lathrop & Gage LLP

Michele Craycroft Joins Lathrop & Gage as Of Counsel
Michele Craycroft joined the Springfield office of the Lathrop & Gage L.C. law firm as an of counsel in the real estate practice area. Prior to this, she was with Yates, Mauck, Bohrer, Elliff & Croessmann, P.C. in Springfield.

Craycroft is an experienced public finance attorney with over eight years of experience with a concentration in governmental entities and political subdivisions in the financing of public and public/private projects. She is licensed to practice in Missouri, Nebraska and California.

Craycroft earned her bachelor’s degree in French & Italian from the University of Arizona in 1982 and her juris doctorate, with high distinction, from the University of Arizona College of Law in 1985.

05-22-2006

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Jenner & Block LLP

Jenner & Block Women’s Forum Kicks Off New Slate of Career Development Programs
The Jenner & Block Women’s Forum recently held its spring organizational meeting, where an exciting series of career development programs was announced and the group’s new leaders for the coming year were introduced.

According to Partners Jill Sugar Factor and E. Lynn Grayson, the new Co-Chairs of Jenner & Block’s Women’s Forum, the group will continue to focus on increasing networking, leadership and career development opportunities for the Firm’s women attorneys. Some of the networking activities planned include a reception and luncheon with the Firm’s Summer Associates, and partnering on seminar development with various bar groups and professional associations, among other things.

The meeting was also an occasion to thank Partner Susan C. Levy, one of the founders and the Immediate Past Chair of the Women’s Forum, for her leadership and commitment to the organization. “The best part about this experience is seeing the positive impact that the Women’s Forum has on our women attorneys,” she said.

Ms. Levy’s initiatives during her tenure included spearheading multiple career development programs, as well as launching the Women’s Forum website. She also helped organize the Women in Leadership Program, which featured a year-long series of programs designed to build on existing strengths and develop leadership skills for women attorneys at all levels in the Firm. The program included interactive workshops for women attorneys, which were led by Katie Herzog, a renowned law firm consultant and President of Eastern Point Consulting Group, Inc.

The Jenner & Block Women’s Forum is designed to foster opportunities for professional, social and personal growth for all of the women attorneys, communicate the Firm’s strong commitment to the success of its women attorneys and enhance the visibility and recognition of Jenner & Block’s leadership in support of women in the legal profession.

05-22-2006

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