CARTER LEDYARD & MILBURN LLP COMMEMORATES 150TH ANNIVERSARY WITH RELIGHTING OF EAST RIVER BRIDGES’ “NECKLACE LIGHTS”

– Bridges to be relit Wednesday, November 5 –

NEW YORK, November 4, 2003 – In celebration of its 150^th anniversary on Wall Street, New York law firm Carter Ledyard & Milburn LLP has joined three other New York businesses to help restore the “necklace” lights on New York City’s four East River Bridges (Brooklyn, Williamsburg, Manhattan and Queensboro) for the next two years. Carter Ledyard, Travelex, The River Café and the International Gemological Institute will each make $40,000 donations for the bridge lighting initiative to the Mayor’s Fund to Advance New York City. The Mayor’s Fund will reimburse the Department of Transportation for the approximately $75,000 a year in operating costs. Mayor Michael R. Bloomberg made the announcement during his radio show, “Live From City Hall with Mayor Mike and John Gambling” on WABC last Friday.

“We are proud to mark our 150th year in lower Manhattan by helping to keep New York City’s east river bridges lit,” said Steven Glusband, member of Carter Ledyard’s Executive Committee.

A firm with a longstanding commitment to lower Manhattan, Carter Ledyard also established and maintained, pro bono, Mayor Rudolph Guiliani’s Twin Towers Fund in the immediate aftermath of 9/11.

“These four firms represent the best of New York’s Business Community,” said Mayor Bloomberg. “The necklace lights on our bridges light up the East River and because of these outstanding corporate citizens, New Yorkers will once again be able to enjoy the twinkling lights that grace the Brooklyn, Manhattan, Williamsburg and Queensboro Bridges.”

The East River Bridge necklace lights use 100-Watt Mercury Vapor bulbs. There are 160 bulbs on the Brooklyn Bridge, 304 on the Manhattan Bridge, 224 on the Williamsburg Bridge and 218 on the Queensboro Bridge. The lights were installed in the early 1970s and can be seen over 25 miles away. The necklace lights will be lit on Wednesday, November 5^th.

“These four magnificent crossings are by far the most prominent stars in our huge constellation of bridges,” said Iris Weinshall, Commissioner of the City’s Transportation Department. “We’ve always thought of the necklace lights as more than just the icing on the cake. That’s why I can’t thank the sponsors enough for their generosity and understanding of how much the lights mean to the City.”

The Mayor’s Fund to Advance New York City raises money to promote the general welfare of the City’s residents and aid civic improvements. Specifically the fund raises money to encourage the economic development of New York, promote parks and cultural centers, provide support for the work of host committees and advance activities and programs that aid civic improvements support youth. Donations to the Mayor’s Fund can be made by calling 311.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 104 attorneys and has been headquartered on Wall Street since its founding and has additional offices in midtown Manhattan and Washington, DC. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, trusts and estates, maritime, ERISA, exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.