October 4, 2006 (New York, NY) - Proskauer Rose LLP, an international law firm with more than 700 lawyers in the United States and Europe, has made a dramatic showing in the new Bloomberg Mergers & Acquisitions U.S. Legal Advisory League Tables. The firm, which ranked 122nd for the same period a year ago, soared to 17th in the 2006 third quarter list. This sharp improvement was accompanied by a jump in the firm's market share to 6.1 percent, up from 0.2 percent in the third quarter of 2005.

No other law firm listed in the top 20 showed such a significant increase. In addition, Proskauer's total of 38 M&A transactions and its deal volume of almost $70 billion showed a significant increase in the overall size of the transactions with which the firm has been involved. The firm also ranked 10th in the Consumer, Non-Cyclical Deals table, with 17 transactions worth over $67.5 billion, a 19.1 percent market share.

"We have been involved in some of the most high-profile and significant transactions in the market and these rankings are a testament to our role as a key player," said Ronald R. Papa, chair of Proskauer's Corporate Department. "I commend every member of our M&A group."

"This marks an important juncture for our growing team," said Jeffrey A. Horwitz, co-chair of Proskauer's M&A Practice Group. "It is gratifying to see the many people who worked so hard get the recognition they deserve."

The capabilities of Proskauer's M&A group are exemplified by the firm's involvement in what was widely reported as the largest leveraged buyout in history, the $33 billion acquisition of HCA, Inc., the largest U.S. operator of for-profit healthcare facilities, by a consortium that included Proskauer's client, Merrill Lynch Global Private Equity.

Proskauer's Mergers & Acquisitions group has experience in all facets of merger and acquisition transactions, including evaluating and developing competitive bid and tender offer strategies; structuring and negotiating transactions; senior, mezzanine and equity financing; corporate governance matters; and all regulatory filings.

The M&A group was also recognized recently in the latest edition of the highly regarded directory, Chambers USA: America’s Leading Lawyers for Business, receiving the highest possible ranking in its category.