History
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 Rose when, at 21 years of age, he opened a law firm on Broadway in Downtown Manhattan in 1875. 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 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.
Proskauer Rose is historically known as a "Jewish law firm" for its willingness to cross traditional historic and cultural hiring norms that other major New York City law firms were unwilling to do at the time. Because of its willingness to employ Jewish lawyers, 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. 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, health care, sports and entertainment, bankruptcy, and taxation practices.
In December 2004, a large group of lawyers from the Boston-based law firm of Testa, Hurwitz & Thibeault joined the Boston office of Proskauer Rose.
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