The partnership of Proskauer has elected Joseph M. Leccese as the next Chairman of the global firm. He will assume office in January 2011.
Mr. Leccese, 49, is the youngest elected chairman in Proskauer's 135-year history. He began his legal career at the firm as a summer associate, and is currently a partner in the Corporate Department, a member of the firm's Executive Committee, and co-head of its renowned Sports Law Group.
Mr. Leccese will succeed Allen I. Fagin, who has served as Proskauer's chairman since 2005, and is completing his maximum six year term as chairman.
"Under Allen's leadership, Proskauer has made significant strides building a global platform, expanding our presence in key markets, enhancing our capabilities in a number of practice areas and deftly navigating challenging economic times," said Mr. Leccese. "I am honored and delighted to take on this role as the firm enters its next exciting chapter."
Mr. Leccese, who will maintain his practice, represents many of the most prominent sports teams, leagues and sports lenders in a range of corporate, finance and transactional matters, including the National Basketball Association, the National Hockey League, Major League Soccer, the ATP Tour, the WTA Tour, J.P. Morgan, Citibank and Bank of America. Mr. Leccese also has led numerous stadium and arena developments and related project financings, including the New Meadowlands Stadium, Prudential Center, Amway Center and Lincoln Financial Field.
Over the past six years, Proskauer has opened offices in Chicago, Hong Kong, London, and São Paulo, and increased its revenues by over 60 percent. The firm recently announced plans to move its New York headquarters in early 2011 to a new, state-of-the-art building at 11 Times Square.
Jenny Wheater, a lawyer with a wide range of experience in UK and international tax issues, has joined Proskauer as a partner in London, expanding the depth of the firm's London Private Investment Funds practice and Tax Department, and continuing the growth of its global transactional platform.
A UK- and U.S.-qualified lawyer, Ms. Wheater has extensive experience in UK tax law pertaining to fund formation; corporate transactions, including mergers & acquisitions; private equity; restructurings; and employee incentive plans, including share schemes and carried interest structures. Formerly a lawyer in the tax and investment funds practices at Gibson Dunn in London, she has also been involved in the establishment of UK, pan-European and global alternative investment funds, and has significant expertise with regard to tax treaty implications and the coordination of UK and U.S. taxes, in addition to advising on VAT issues.