Patterson Belknap Webb & Tyler LLP Acquires 11 Real Estate Lawyers

April 5, 2004

New York, April 2, 2004 — Patterson Belknap Webb & Tyler LLP has acquired a major real estate practice consisting of eleven lawyers, including five partners, from Bingham McCutchen LLP. The partners moving to Patterson Belknap include leading real estate lawyers Robert M. Safron, Andrew L. Herz, Kenneth L. Sankin, and Rhonda E. Schwartz, as well as Hugh J. Freund, whose practice includes representing individuals in business, real estate and estate planning. Lawrence P. Lenzner and Russell G. Wohl will join Patterson Belknap as Counsel in the real estate group. Kerri L. Alessi, Heidi M. Flinn, Golda R. Poretsky and Angie M. Sullivan will become associates in Patterson Belknap’s real estate group. “Patterson Belknap will provide an excellent platform for our New York-based practice,” said Safron.

Safron and Herz are both widely recognized real estate lawyers. Both are selected members of the American College of Real Estate Lawyers and were selected for inclusion in the 2004 Guide to the World’s Leading Real Estate Lawyers. “The combination of this new practice group with our existing real estate practice makes us a premier real estate firm in New York,” said Rochelle Korman, Patterson Belknap’s Managing Partner. “Hugh Freund’s extensive individual representation practice also enhances our substantial and longstanding practice representing high net worth individuals.”

The lawyers joining Patterson Belknap concentrate in leasing, finance, acquisitions and sales, complex condominium and cooperative issues, and other transactional matters. The practice complements and significantly expands Patterson Belknap’s real estate practice, enabling the combined group to handle larger matters for a broader array of clients.

Hugh Freund graduated from New York University School of Law in 1970. Freund has over thirty years of experience representing individuals in their business, personal, investment, estate planning, real estate and fiduciary matters. He also has a considerable art law practice which includes the representation of private and public art galleries, dealers in both primary and secondary art markets, visual artists and collectors. He also has advised commercial real estate developers with respect to agreements for several large-scale indoor and outdoor sculpture commissions.

Andrew Herz graduated from Columbia Law School in 1971, where he was a Harlan Fiske Stone Scholar. He is a recognized authority and frequent lecturer in the areas of commercial office leasing and mortgage financing. His clients include commercial banks, investment banking firms, technology providers, major real estate owners and developers, hospitals, professional service companies and other law firms. Herz is the author of numerous publications on real estate financing and has lectured on financing and leasing.

Robert Safron graduated with a J.D. cum laude in 1969 from New York University, where he was a member of the NYU Law Review and a Pomeroy Scholar. Safron has almost thirty years of experience in a broad range of commercial real estate matters and represents prominent lenders, developers, owners and investors throughout the U.S. and abroad. He also has represented many domestic and foreign banks, insurance companies, investment houses and other institutions in a variety of real estate financing and securitization matters and in restructuring troubled real estate loans.

Kenneth Sankin graduated from New York University with a J.D. in 1978. Sankin has more than twenty-five years of experience in real estate law. His practice includes financing, leasing, acquisition, workouts, and construction and development of commercial and residential properties, as well as securities-related real estate syndications, cooperative and condominium offerings, and limited partnerships. Sankin has extensive experience representing both landlords and tenants in connection with the leasing of office, retail and warehouse space.

Rhonda Schwartz graduated from Columbia Law School in 1988. Schwartz is a real estate lawyer with broad experience in various real estate transactions, including commercial leasing transactions, financings, sales and acquisitions, construction contracts and joint ventures.