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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

CARTER, LEDYARD & MILBURN APPOINTS THREE PARTNERS AND ONE COUNSEL

-- Firm Growth Continues --

NEW YORK, January 10, 2000 -- Wall Street law firm Carter, Ledyard & Milburn announced that Edmund J. Behan, Jeffrey S. Boxer, and Judith A. Lockhart have been named partners of the firm. It was also announced that Andris J. Vizbaras has become Counsel to the firm.

"We are pleased to have elected Edmund J. Behan, Jeffrey S. Boxer and Judith A. Lockhart as Partners and Andris J. Vizbaras as Counsel to our firm," said Robert A. McTamaney, Chairman of Carter, Ledyard's Corporate Department and a member of the firm's Executive Committee. "We are very proud to reward these outstanding attorneys for their accomplishments within the firm and look forward to their achieving further success for our clients in the new millennium."

NEW PARTNERS

Edmund J. Behan
Trusts and Estates

Edmund J. Behan practices trusts and estates law, including personal tax and estate planning and administration of estates. He represents individuals, corporate trustees and common trust funds. He was previously Counsel at Carter, Ledyard. Mr. Behan, 44, received his J.D. from University of Pennsylvania School of Law in 1982, his B.A. from Wesleyan University in 1976, and is a member of the New York Bar.

Jeffrey S. Boxer
Employment and Commercial Litigation

Jeffrey S. Boxer practices general commercial litigation with emphasis on employment law and restrictive covenants, arbitration, and jurisdictional issues. Mr. Boxer advises financial and international corporate clients on employment and unfair trade practices and breach of contract and duty issues. He joined Carter, Ledyard as an Associate in 1992. Mr. Boxer, 32, received his J.D. from Fordham University School of Law in 1992 and his B.A. from Lafayette College in 1989. He is a member of the New York Bar.

Judith A. Lockhart
Employment and Commercial Litigation

Judith A. Lockhart practices primarily in the areas of employment law and general commercial litigation. Her employment law practice encompasses all facets of the practice, including the litigation of discrimination claims, wrongful termination and other employment related actions in federal and state court, counseling clients concerning the compliance with laws regulating employment and the preparation of employee manuals, policies, procedures and employment contracts. Ms. Lockhart's general commercial litigation practice includes the representation of an architect/engineering firm, manufacturing companies, financial institutions and hospitals in a wide variety of product liability, health and construction matters. She was previously Counsel at Carter, Ledyard. Ms. Lockhart, 42, received her J.D. cum laude from Pace University School of Law in 1985, where she was a Casenote & Comment Editor for the Pace Law Review, and her B.B.A. in from Pace University in 1983. She is admitted to the New York and Connecticut Bars.

NEW COUNSEL

Andris J. Vizbaras
Corporate Law

Andris J. Vizbaras actively assists financial institutions on the formation and regulation of broker-dealers, investment advisors and commodity trading advisors. Mr. Vizbaras counsels hedge fund managers on all aspects of launching hedge funds and forming, building and selling their investment management businesses. He represents purchasers and sellers in mergers, acquisitions and tender offers as well as issuers on public and private securities offerings, reporting requirements and anti-takeover defenses. He was previously an Associate at Carter, Ledyard. Mr. Vizbaras, 37, received his J.D. from New York University School of Law in 1989, and his B.A. from Washington University in 1983. He is a member of the New York Bar.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-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.

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