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Firm Adds Partners Alan Cohen and Ken Krug To Corporate and Real Estate Departments

February 09, 2006

Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, is pleased to announce today that Alan Cohen and Ken Krug, previously at Proskauer Rose LLP, will join the firm’s Corporate and Real Estate Departments respectively. Cohen will be resident in New York, and Krug will be based in the Los Angeles office. Both attorneys specialize in fund formation, housing and historic rehabilitation tax credits and property acquisitions. “The addition of Alan and Ken to our firm will greatly enhance our global corporate and real estate practices, allowing for a broader and deeper presence into top-tier capital markets,” said Philip N. Feder, Chair of the Real Estate Department. “Their experience and expertise in fund formation and tax credits will also expand our real estate finance and development capabilities.” “Growing Paul Hastings office in New York, the world’s leading financial center, and in Los Angeles are part of the firm’s strategic initiatives,” said Barry Brooks, New York Office Chair. “We have been aggressively hiring top talent throughout all of our departments, especially in New York, to bring additional depth to our core competencies. The addition of Alan and Ken is another important step to helping us reach our goals.” Mr. Cohen’s principal areas of practice include partnership law, joint ventures, public and private placements of limited partnership interests, use of flow-through entities for real estate investments and state securities law. He represents CharterMac Capital in connection with its offerings of interests in private partnership funds structured for corporate and institutional investors and public partnership funds structured for individual investors. Mr. Cohen also represents syndicated partnerships in connection with ongoing issues involving tax credits, management responsibility, investor communications, refinancing and restructuring. Mr. Krug’s practice focuses on real estate matters involving acquisitions, dispositions and financings of interests in real estate throughout the United States, as well as commercial and industrial leasing. He advises clients on all aspects of corporate acquisitions, dispositions and financings, often through leveraged buy-outs. In connection with the structuring of real estate and corporate transactions, Mr. Krug has become an expert on utilizing "flow-through" tax entities, including partnerships and limited liability companies. Paul Hastings Corporate Department: Paul Hastings’ corporate practice has more than 400 attorneys in 17 offices around the world who serve clients in globally coordinated, multidisciplinary teams. Our corporate department is the largest in the firm and continues to grow, not only in number of deals and revenue volume, but in the scope of services we offer. Paul Hastings Real Estate Department: Paul Hastings has the strongest real estate practice of any international law firm—founded on the collective strength of more than 170 lawyers who advise clients on the purchase and sale of real property in every market. Real estate law has been a mainstay of our firm since we opened for business. Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.

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