Press Release May 17, 2000

Goodwin, Procter & Hoar LLP Acquires Technology / Intellectual Property Group

BOSTON, May 17, 2000 — Goodwin, Procter & Hoar LLP announced today that 27 lawyers from Friedman Siegelbaum, a New Jersey-based law firm specializing in computer, technology, and intellectual property law, are joining the firm on June 1, 2000. The acquisition of this top-tier technology/intellectual property group, and its combination with Goodwin Procter’s existing technology/intellectual property group, is part of the firm’s strategy to target expansion in high growth practice areas to meet market demands.

Regina M. Pisa, chairman and managing partner of Goodwin Procter, said: “The needs of our private equity/emerging companies client base, one of the firm’s largest and fastest growing segments, requires us to continually seek ways to increase our capacity. In Friedman Siegelbaum, we have found a group of attorneys with a national and international track record in technology and intellectual property law. This acquisition will establish Goodwin Procter as a major competitor for technology/intellectual property legal services, a market which we have targeted as our highest priority. It will also create a platform around which to continue to grow our national franchise. The Firm is well-positioned to take full advantage of the opportunities presented by the new economy.”

Goodwin Procter has a long established leadership position in real estate securities, financial services and its focus growth area, private equity/emerging companies.

The now 450-lawyer firm has offices in Boston, New York, and Washington D.C. and will establish Friedman Siegelbaum’s Roseland, New Jersey location as its fourth office.

Joining Goodwin Procter as partners are Joseph R. Siegelbaum, Mary J. Hildebrand, Marc S. Friedman, Albert J. Solecki, Jr., Sidney H. Dvorkin, and Richard I. Samuel.

Joseph R. Siegelbaum, a founding partner of Friedman Siegelbaum, said: “The strength of Goodwin Procter’s corporate/securities and litigation departments, coupled with their diverse client base in the technology sectors in which we focus, make this combination ideal from our perspective and the perspective of our clients. We are excited about joining a firm which possesses the breadth and depth of talent of Goodwin Procter and which is market focused and positioned for dynamic growth.”

The attorneys joining Goodwin Procter have extensive experience in all aspects of technology and intellectual property law. The group is known for the depth of its abilities in complex transactions, having represented some of the nation’s largest companies, as well as well-known emerging technology companies, in sectors ranging from telecommunications to entertainment to finance. Some of their clients include Telcordia Technologies (formerly Bell Communications Research, Inc.), Viacom International Inc., Blockbuster Entertainment Group, Showtime, Paramount Pictures, Inc., Simon & Schuster, Citibank, N.A., The CIT Group, Dow Jones & Company and Factiva, Inc. (a joint venture between Dow Jones and Reuters).

Goodwin Procter is one of the nation’s leading law firms and with 450 lawyers is the largest law firm headquartered in New England. The firm has offices in Boston, New York, Washington D.C. and New Jersey. Its New York office is the center of a top-tier corporate, financial, and real estate transactional practice; the Washington practice has a strong consumer financial services, legislative and regulatory component. In Boston, the firm focuses on a number of specialized areas within its departments including private equity/emerging companies, intellectual property, financial services, real estate securities, real estate investment management, corporate governance, antitrust, and mergers & acquisitions.