Paul Hastings Bolsters European Practice With Appointment of Seven New Partners to London Office

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| Source: Paul, Hastings, Janofsky & Walker LLP

LONDON, Jan. 15, 2009 (GLOBE NEWSWIRE) -- Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that seven new partners are joining the London office, significantly strengthening the firm's European practice and its capabilities to serve global clients. The new partners are Michelle Duncan, Justin Jowitt, Christian Parker, Charles Roberts, Karl Clowry, Conor Downey and Tom O'Riordan.

The team specializes in restructuring and insolvency, litigation, structured finance, investment funds, and real estate finance. All are currently partners with the London office of Cadwalader, Wickersham & Taft LLP.

"Growing our European practice is a key strategy for us. The arrival of this new team, who represent some of the leading lawyers in Europe, will significantly bolster our European capabilities, another critical step toward our goal of providing exemplary client service to our global clients," said Seth M. Zachary, Chairman of Paul Hastings. "The new team's reputation for practice excellence and superior client service will perfectly complement our current offerings both in London and Europe."

Michelle Duncan

Ms. Duncan focuses her practice on international commercial litigation, restructuring, insolvency and regulation.

Justin Jowitt

Mr. Jowitt focuses his practice on real estate finance work, including investment and development finance, restructuring of real estate loans and distressed real estate debt. He has practiced in both Paris and London.

Christian Parker

Mr. Parker focuses his practice on fund formation, including structured credit funds and similar investment structures, special investment vehicles, restructuring through distressed workouts and general capital markets work. He has practised in the capital markets area in London, Bangkok and Singapore.

Charles Roberts

Mr. Roberts focuses his practice on commercial mortgage backed securities, structured finance, loan syndication, commercial real estate finance and the restructuring aspects of those transactions in Europe and the United States. Mr. Roberts is recognized as a key player in the securitization market in London and Europe.

Karl Clowry

Mr. Clowry focuses his practice on cross-border debt restructuring, distressed investments and corporate refinancing. He was recognized at the European IFLR Awards winning the Restructuring Deal of the Year in 2007.

Conor Downey

Mr. Downey focuses his practice on the financing and securitization of mortgage loans, and has a broad range of experience in the UK and throughout Europe.

Tom O'Riordan

Mr. O'Riordan focuses his practice on all areas of international finance and banking. He is a member of the UK Bar. Prior to practice at the independent Bar, Mr. O'Riordan was previously Group Counsel to Nomura, European GC and head of legal and tax at the London branch of Republic National Bank of New York and GC at Sumitomo Finance.

Paul, Hastings, Janofsky & Walker LLP is a leading international law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

CONTACT: Paul, Hastings, Janofsky & Walker LLP Karen Levin, European PR Manager 0203023 5238 karenlevin@paulhastings.com