Paul Hastings Forms Cross-Practice Subprime Mortgage Group

July 19, 2007

Paul Hastings Forms Cross-Practice Subprime Mortgage Group

New York, NY (July 19, 2007) In response to the recent developments in the subprime mortgage market, Paul Hastings Janofsky & Walker LLP (Paul Hastings), a leading international law firm, announced the formation of a cross-practice subprime mortgage group.

This newly formed group advises companies on the risks and potential liabilities in the subprime mortgage market and helps them navigate the evolving landscape. The group is made up of attorneys from Paul Hastings leading bankruptcy and restructuring, real estate and litigation practices.

Paul Hastings attorneys are known for anticipating clients ever-changing business needs, said Keith Miller, Partner at Paul Hastings. The formation of the subprime mortgage group is another example of our collaborative culture which enables us to provide clients and potential clients with sophisticated business solutions.

The group currently represents a number of clients in regards to subprime issues including UBS.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,200 attorneys in 18 offices. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies 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.