rank firm brand index recovery for real? …files.dlapiper.com/files/upload/timeline_b.pdf ·...

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June 2011 For the seventh year running, we are named Global Real Estate Law Firm of the Year by The International Who’s Who of Business Lawyers Germany January 2005 DLA Piper Rudnick Gray Cary, with more than 2,700 lawyers in 18 countries, is born as the result of the largest merger in the history of the legal profession February 2005 DLA Piper announces New Perimeter, the first-of-its-kind international pro bono initiative committing 13,000 hours (with a value of more than US$5 million) in the first year to pressing social causes April 2005 Our Raleigh, North Carolina office opens, strengthening our REIT practice as well as our Real Estate Private Equity and Real Estate Finance practices July 2005 Our new offices open in Russia and the Commonwealth of Independent States (CIS), enhancing our ability to serve clients across Europe June to August 2005 DLA Piper represents biotechnology giant PDL BioPharma, Inc., in its US$800 million collaboration with Biogen Idec – the largest collaboration deal in the industry in 2005 and one that advances DLA Piper’s reputation in the life sciences field We later represent PDL in other transactions, including a major reorganization involving three asset sales, the first public-public spinout (of Facet Biotech from PDL) handled by DLA Piper, and the successful defeat by Facet of a hostile slate of directors in 2009 We also act for Amey Lex Consortium, a joint venture, on its cutting-edge £300 million deal to provide specialist plant and engineering equipment for the UK armed forces, a first-of-its-kind deal for the UK Public Finance Initiative market May 2005 DLA Piper announces our Vision – to be the leading global business law firm – and Values – focused on people, clients and communities new perimeter Worldwide Pro Bono Initiative by September 2005 DLA Piper’s 6th Global Real Estate Summit draws more than 600 senior executives and general counsel from around the world to hear insights and share perspectives on the issues driving their business Subsequent Global Real Estate Summits are held in 2007, 2008, 2010 and 2011– each focused on addressing current industry trends and questions October 2005 Egyptian law firm Matouk & Bassiouny joins DLA Piper Group and changes its name to DLA Matouk Bassiouny October 2005 DLA Piper expands our presence in Germany with a new office in Frankfurt, a city of global financial importance and home to all of the major financial institutions November 2005 South African law firm Cliffe Dekker joins DLA Piper Group and later is known as DLA Cliffe Dekker Hofmeyr December 2005 Our Beijing office opens, allowing us to better meet the growing demand for legal services by Chinese and multinational companies January 2006 DLA Piper enters the Middle East with a new office in Dubai, a key center for our Energy practice and opportunities in aviation, finance, IT, technology, private equity and real estate January 2006 DLA Piper ranks #3 among law firms for M&A deal volume in 2005, according to Thomson Reuters Meanwhile, Dow Jones Private Equity Analyst ranks us #5 for venture capital deal volume in 2005 February 2006 Our first combined global revenue results are announced at $1.5 bn / £847.3 m / €1.24 bn for the 2005 calendar year, making DLA Piper Rudnick Gray Cary one of the world’s largest law firms March 2006 DLA Piper enters into an affiliation agreement in Saudi Arabia, making us one of the few international firms with a presence there and enhancing our ability to respond to foreign investment opportunities March 2006 Zambian law firm Chibesakunda & Co. joins DLA Piper Group, a significant step in our strategy to deliver a range of local and international services for clients across the continent May 2006 A regional hub of the Southeast US, our Atlanta, Georgia office opens as another step toward serving institutional clients through a broad service offering May 2006 DLA Piper’s first Global Partners Conference takes place in Orlando, Florida Subsequent Global Partners Conferences are held in 2008 in Barcelona, Spain, and in 2010 in Orlando, Florida June 2006 DLA Piper is named Global Law Firm of the Year at The Lawyer Awards 2006 November 2006 Major Australasian law firm Phillips Fox joins DLA Piper Group under the name DLA Phillips Fox, providing us with greater visibility in the market and enhancing our ability to support clients’ international legal needs August 2006 Our UK Corporate practice advises a Bank of Scotland-led consortium known as Mother Bidco on its £1.1 billion bid for retirement home developer McCarthy & Stone June 2006 Ishengoma, Karume, Masha & Magai, Advocates (IMMMA), one of Tanzania’s leading corporate practices, joins DLA Piper Group June 2006 DLA Piper’s Patent Litigation group celebrates six high-stakes wins in a row, placing us on the National Law Journal ’s 2006 Defense Hot List for patent litigation September 2006 DLA Piper becomes our official name September 2006 The Oslo and Bergen offices of DLA Nordic, a former DLA Piper Group Firm, become DLA Piper offices January 2007 DLA Piper becomes one of the first in the legal field to launch a Global Sustainability Initiative, affirming our commitment to manage our environmental impact January 2007 DLA Piper is named the #1 law firm for global M&A deal volume in 2006 by mergermarket We also make a huge leap in the Dow Jones Private Equity Analyst rankings for total private equity and venture capital deal volume in 2006 – ranking #3 compared to #11 in 2005 January 2007 DLA Piper reinforces our African capabilities with our exclusive agreement with Ghana-based Reindorf Chambers, the fifth African law firm to join DLA Piper Group February 2007 As part of our Global Sustainability Initiative, DLA Piper hosts the “Cooling the Planet” conference in Sheffield, UK attended by both former Senator George Mitchell and former US Vice President Al Gore February 2007 Our office opens in Phoenix, Arizona, one of the fastest- growing markets in the US, adding depth and experience to our global International Arbitration group D L A P I P E R S U P P O R T S S U S TA I N A B I L I T Y February 2007 New Perimeter, DLA Piper’s nonprofit affiliate dedicated to international pro bono work, announces two new projects: the African Millennium Cities Project and the Climate Change Project March 2007 With tremendous regional growth spurred by the global economy, we launch a Latin America practice to meet client demand for legal assistance throughout the region April 2007 More than 100 DLA Piper lawyers, paralegals and staff begin work on behalf of Tishman Speyer in its landmark, multibillion-dollar acquisition of the Archstone-Smith REIT, the largest-ever going-private transaction in the multi-family REIT sector, involving hundreds of properties across the United States and Germany We are later retained in 2009 for the restructuring of Archstone and Tishman Speyer’s investment in Archstone, another multimillion-dollar transaction April 2007 Our new global brand, Everything Matters, is announced, marked by a new website and visual identity The DLA Piper Brand August 2007 Our global Energy Sector launches in the US and teams up with our international Energy Sector to deliver coordinated services to businesses focused on power generation, transmission facilities, trading, oil and gas, and carbon and emissions May 2007 DLA Piper sponsors the May Day Summit on climate change, hosted by HRH The Prince of Wales May 2007 Our Leadership Alliance for Women (LAW) launches in the US to focus on developing and promoting our women lawyers and maximizing their opportunities for business generation and leadership June 2007 Our Warsaw office opens to meet client demand for legal counsel in the growing Polish economy and further strengthen our Central and Eastern Europe practice August 2007 DLA Piper opens an office in Munich – our fourth in Germany – to meet rising business demands in the country’s key commercial areas and support continued growth in Central and Eastern Europe September 2007 DLA Piper celebrates the first five years of our strategic alliance with The Cohen Group, an international business consulting firm led by Secretary William Cohen September 2007 The annual Jeffrey F. Liss Award, named for the late US co-managing partner, is created to honor a DLA Piper partner who embodies Jeff’s spirit of stewardship to the firm and to the profession December 2007 Senator George Mitchell, then DLA Piper Chairman, announces the results of his independent investigation into the illegal use of steroids and other performance-enhancing substances by players in Major League Baseball December 2007 DLA Piper completes the H-shares listing of China Railway Group Limited, the largest construction group in China, on the Hong Kong Stock Exchange, immediately preceding an A-shares listing on the Shanghai Stock Exchange that raised US$5.5 billion – serving as the largest A+H listing of 2007 and creating a new model for dual listing of People’s Republic of China companies February 2008 New Perimeter announces its first global pro bono/CSR initiative: providing support to Addis Ababa Law School, a premier but under-resourced law school in Ethiopia February 2008 Global revenue for 2007 is announced at $2.1 bn / £1 bn / €1.5 bn, up 18.7 percent over the revenue for 2006 and a new record for DLA Piper February 2008 In a continued effort to serve growing industry groups through the coordination of worldwide experience, DLA Piper launches two new global sectors: Hospitality and Leisure, and Life Sciences January 2008 DLA Piper ranks #2 among law firms for global M&A deal volume in 2007, according to mergermarket We also maintain our standing as the third most active law firm for total private equity and venture capital deal volume during 2007, according to Dow Jones Private Equity Analyst January 2008 Following a decision described as “one of the most important ‘gate- keeping’ rulings ever rendered in a mass-tort case,” throughout 2008 and 2009 DLA Piper engineers the resolution of more than 30 class action suits and suits by more than 30 State Attorneys General on behalf of Pfizer for all product liability, consumer fraud and other litigation relating to prescription medications Celebrex and Bextra March 2008 Our new office opens in Houston, Texas, one of the four strategic hubs in the world for the energy industry (along with New York, London and the Middle East) June 2008 The second Global Partners Conference takes place in Barcelona, Spain June 2008 DLA Piper receives the prestigious 2008 American Bar Association Pro Bono Publico Award for our “dedication to the innovative development and delivery of legal services to the poor” July 2008 DLA Piper sponsors the World Diversity Leadership Summit hosted by the United Nations August 2008 DLA Piper opens an office in Abu Dhabi, capital of the United Arab Emirates October 2008 To further strengthen our presence in the Middle East, DLA Piper opens an office in Doha, Qatar and enters into a joint venture with the international division of Al Wagayan, Al Awadhi & Al Saif, a leading Kuwait-based law firm, operating under the name DLA Piper Kuwait October 2008 Continuing our legacy as a global leader in technology law, DLA Piper holds the inaugural Global Technology Leaders Summit in Silicon Valley to provide insight on the economic and cultural factors driving the industry Shortly thereafter, DLA Piper announces our global Technology Sector November 2008 Our Bucharest, Romania office opens as an important step in our commitment to investing in the major business hubs across the region November 2008 DLA Piper represents Invitrogen Corporation in its US$6.7 billion merger with Applied Biosystems Inc., creating Life Technologies Corporation, a global leader in biotechnology with key technical capabilities in genetic analysis, proteomics, cell biology and cell systems January 2009 DLA Piper takes over the #1 position in the Dow Jones Private Equity Analyst rankings for volume of private equity transactions during 2008, the #3 position for venture capital deal volume and the #2 position for total deal volume in private equity and venture capital combined Also, for the third year in a row, we remain one of the two most active law firms for global M&A deals in 2008, according to mergermarket, and we are named Law Firm of the Year 2009 at the Asia M&A Atlas Awards January 2009 Joint CEO Nigel Knowles is awarded a knighthood in the Queen’s New Year Honours list, one of the UK’s highest civil honors January 2009 As one of just 16 firms, DLA Piper is selected to join the Pfizer Legal Alliance, a collaborative new partnership with the world’s largest drug manufacturer that moves away from billable hours to an annual flat fee – therefore emphasizing the efficient delivery of superior legal services Throughout 2009, more than 200 DLA Piper lawyers from 21 countries and 35 cities work on Pfizer matters January 2009 President Barack Obama taps Senator George Mitchell, then Global Chairman of DLA Piper, to become Special Envoy to the Middle East January 2009 Francis B. Burch, Jr., then Joint CEO of DLA Piper, becomes Global Chairman February 2009 Our new office opens in Muscat, Oman, reinforcing our commitment to provide legal advice across the Middle East April 2009 DLA Piper represents Marathon Asset Management as one of only nine initial pre-qualified fund managers selected to manage up to US$4.4 billion on behalf of the US Treasury Department and private investors under the Legacy Securities Public-Private Investment Program, a centerpiece of the Obama Administration’s Economic Plan April 2009 DLA Piper is named European Copyright Firm of the Year at the Managing Intellectual Property Global Awards Legal 500 ranks DLA Piper in the top tier for patent litigation in the International Trade Commission and High Tech Electronics/IT categories May 2009 We open an office in Bahrain (Manama), the historic banking hub for the Persian Gulf and a strategically important market for Islamic finance April 2009 Christie’s Auction House engages DLA Piper to handle its global trademark work July 2009 We become the first law firm to acquire TelePresence virtual meeting technology, which is later implemented in our offices worldwide June 2009 DLA Piper advises Funderburk Europe 2 Limited, formed on behalf of the investment arm of the Government of the Sultanate of Oman, in its 75:25 joint venture with Hammerson UK Properties Plc, which acquired Bishops Square, Spitalfields, London E1 for £445 million Months later, in a major Project Finance deal, we are project counsel for the Government of the Sultanate of Oman for the development of the multimillion- dollar Duqm Project, which includes the construction of port facilities, dry-docking operations and municipal infrastructure June 2009 Our Hong Kong Corporate lawyers advise Ping An Insurance (Group) Company of China in its US$3.2 billion acquisition of a stake in Shenzhen Development Bank November 2009 We join forces with Verizon Communications on a variety of pro bono work focused on improving educational outcomes for children, supporting veterans and protecting domestic violence victims Weeks later, DLA Piper and Pfizer join forces on a first-of-its-kind pro bono initiative to provide low-income individuals with access to free legal assistance November 2009 In a survey by Acritas of 1,000 general counsel from the world’s largest organizations, DLA Piper ranks #7 among firms being used for multi-jurisdictional deals covering three or more countries January 2010 Kenyan law firm Iseme, Kamau & Maema Advocates (IKM) becomes the sixth African law firm to join DLA Piper Group and the first Kenyan law firm to have an exclusive alliance with an international law firm January 2010 For the fourth year in a row, Dow Jones Private Equity Analyst ranks DLA Piper among the top three firms for total private equity and venture capital deal volume Additionally, we rank as the fifth most active law firm for global M&A deals in 2009, according to mergermarket February 2010 As part of the international community, DLA Piper, along with our lawyers and staff, contributes US$300,000 to help the people of Haiti recover from the destruction caused by the January 12 earthquake that devastated the island nation February 2010 DLA Piper wins the Outstanding Achievement Award at the 2010 Legal Business Awards in recognition of our “unrivalled impact on the business of law over the last two decades” March 2010 With offices in Rio de Janeiro and São Paulo, Brazilian law firm Campos Mello Advogados begins working in cooperation with DLA Piper, allowing our strategic entry into one of the world’s fastest growing economies June 2010 DLA Piper establishes an office in Istanbul and begins working with leading Turkish law firm YükselKarkınKüçük on several significant matters, including representing the Turkish Ministry of Transportation in an ICC arbitration concerning one of the major transportation infrastructure projects in the world May 2010 DLA Piper partners from around the world gather at the 2010 Global Partners Conference in Orlando, Florida February 2009 DLA Piper launches Intellectual Property and Technology News, a quarterly newsletter offering insights and analysis on intellectual property and technology issues In 2010, we begin publishing the newsletter in Japanese, and in 2011, an Asia Pacific version launches January 2009 DLA Piper begins representing a leading financial services company in the restructuring and workout of a US$1 billion mortgage and mezzanine loan encumbering a portfolio of 52 retail properties located across Germany Perspectives • Analysis • Visionary Ideas INTELLECTUAL PROPERTY AND TECHNOLOGY NEWS Issue 2, Q2 2009 | www.dlapiper.com/ip_global Attorney Advertising A New DeAl IN VENUE TRANSFERS HOT NewS HeATS UP AGAIN: COMMON LAW REMEDIES WHEN TIME-SENSITIVE INFORMATION IS MISAPPROPRIATED USING GermANy’S eVOlVING INSPecTION PrOceDUreS TO PROVE PATENT INFRINGEMENT CAFC: USPTO CAN ALTER THE PATENT PROCESS 展望分析ビジョンのある発想 知的財産・技術 ニュース 2010年第3四半期発行 第7号 www.dlapiper.com/ip_global BILSKI判決の影響 ライフサイエンス特許 金融特許 ソフトウェア特許 ビジネスメソッドの特許性に 関する欧州のアプローチ 最新情報: 虚偽特許表示訴訟 ITC、パテントトロールを 丁重に迎える COHEN長官 東京にて講演 強力な関係の 構築 弁護士広告 Perspectives • Analysis • Visionary Ideas INTELLECTUAL PROPERTY AND TECHNOLOGY NEWS PATENT LITIGATION TRENDS PAtent LItIgAtIon In the UnIted KIngdom — A SHIFT TOWARDS A PATENTEE-FRIENDLY COURT the ImPAct of the BILSKI decIsIon ON PATENT LITIGATION AND PROSECUTION dLA PIPer WIns $4.6 mILLIon In PAtent trIAL — FOR THE DEFENDANT! IN THE UNITED STATES INTERNATIONAL TRADE COMMISSION Issue 1, Q1 2009 | www.dlapiper.com/ip_global Attorney Advertising OU n W re n W fo an n W de ou ac ests f our to hem. m ess OUR VALUES CLIENTS PEOPLE COMMUNITIES CELEBRATING OUR HISTORY 2005 – Present GLOBAL PARTNERS CONFERENCE October 2008 Our UK Litigation group defends the Government of the Republic of Zambia against a claim brought by Agrima Limited, which formerly operated the Zambia State Lottery, achieving a complete dismissal of the claim with Agrima Limited entitled neither to its claimed damages of US$144 million nor to reimbursement of any of the money it invested in running the Zambia State Lottery October 2008 In the largest bank failure ever with claims exceeding US$11 billion, DLA Piper represents the Federal Deposit Insurance Corporation (FDIC) as creditor in the chapter 11 case arising from the failure of Washington Mutual May 2007 DLA Piper represents the Government of the Republic of Zambia in its case against the former president of the Republic of Zambia, Dr. Frederick Chiluba, who in the Royal Courts of Justice was found to have conspired with others to misappropriate US$46 million of the African nation’s assets during his time in office Big Deals July 2010 With a new office in Florham Park, New Jersey, DLA Piper advances our strategy to grow our relationships in the life sciences and pharmaceutical sectors July 2010 DLA Piper represents Argon ST in its acquisition by The Boeing Company for US$775 million August 2010 DLA Piper represents Cheung Kong Infrastructure Holdings Limited, Hongkong Electric Holdings Limited and the Li Ka Shing Foundation consortium’s £5.8 billion acquisition of EDF’s UK electricity networks August 2010 We expand our IP Litigation capabilities by adding premier litigation, counseling and prosecution teams in Los Angeles and Tokyo October 2010 We place #7 among the “Global Elite” law firms for having one of the strongest law firm brands worldwide, according to an Acritas survey of 1,000 executives We are also identified among law firms that corporate America turns to the most in the National Law Journal’s special report, “Who Represents Corporate America” September 2010 DLA Piper advises Banco Santander on the acquisition of 70.36 percent of Bank Zachodni WBK from Allied Irish Banks for €2.9 billion November 2010 We ranked as #1 international law firm in India by number of IPO mandates (April-September, 2010), according to Legally India Acting through the Department of Disinvestment and Coal India Limited, we advise the Government of India on its $3.43 billion IPO, the largest IPO in the history of Indian capital markets and the third-largest IPO worldwide in 2010 November 2010 DLA Piper represents PAI Partners in its acquisition of Swissport International AG for €900 million December 2010 We represent PartyGaming plc in its acquisition of bwin Interactive Entertainment AG for €3.3 billion We also represent QUALCOMM Incorporated in its sale of spectrum licenses to AT&T for $1.925 billion December 2010 The Financial Times’ inaugural edition of its Innovative Lawyers report for the US market recognizes our New Perimeter pro bono work with Mexico Appleseed and our new signature project with Promise Neighborhoods January 2011 mergermarket ranks DLA Piper #1 among law firms for global M&A deal volume in 2010, up from #5 in 2009; Dow Jones Private Equity Analyst ranks the firm #1 for number of private equity and venture capital deals in 2010, up from #3 in 2009 May 2011 DLA Phillips Fox in Australia integrates with DLA Piper, making us the world’s largest business law firm, the largest integrated Asia Pacific legal practice and the largest global law firm presence in Australia May 2011 DLA Piper ranks #1 among the world’s top 20 global law firms in the Law360 Global 20 for our ability “to handle groundbreaking global transactions of incredible complexity” June 2011 Senator George Mitchell returns to DLA Piper as Chairman Emeritus, having completed his tenure as Special Envoy for Middle East Peace in the Obama Administration Other prominent former government officials include former Senate Majority Leader Tom Daschle, former Michigan Governor and US Ambassador to Canada Jim Blanchard, and former Delaware Governor and Senator Mike Castle June 2011 Chambers & Partners grants DLA Piper the Award of Excellence for having the leading Real Estate practice in the US, making us the only firm to receive this award twice June 2011 We advise Brightoil in its US$1.1 billion bid for Houston Fuel Oil Terminal Company July 2011 DLA Piper represents Gazprom in two victories valued at US$2.6 billion – two of the largest wins on ALM’s 2011 Arbitration Scorecard We also advise the Government of Hungary in its US$2.54 billion acquisition of MOL Plc, one of the largest companies in the CEE; and an affiliate of Blackstone Real Estate Partners in a US$9 billion acquisition from Centro Properties Group July 2011 We announce the formation of our Global Insurance and Reinsurance sector July 2011 For the seventh consecutive year, DLA Piper is named global Franchise Law Firm of the Year at the Who’s Who Legal Awards September 2011 DLA Piper represents PopCap Games in its US$1.3 billion acquisition by Electronic Arts, one of the largest acquisitions in the online gaming sector We also achieve a victory for China Railway Group in the Hong Kong Court of Final Appeal following a four-year case in which a US distressed fund attempted to enforce two arbitral awards totaling US$102 million against the Democratic Republic of Congo September 2011 DLA Piper is named International Tax Firm of the Year at the China Law & Practice Awards 2011 and receives several honors at the International Tax Review’s Americas Tax Awards 2011, among them International Law Firm in the Americas October 2011 DLA Piper holds its first Global Women’s Leadership Summit in Chicago for women general counsel, associate general counsel and other executive- level women in the legal field November 2011 Tony Angel joins DLA Piper as Global Co-Chair and Senior Partner of the International LLP November 2011 DLA Piper represents Morgan Stanley and Goldman Sachs as lead underwriters in the widely publicized initial public offering of Groupon, Inc. Campos Mello Advogados and DLA Piper advise TNK-Brasil on its acquisition of 21 oil and gas exploration blocks in the Amazon’s Solimões basin January 2011 We gain a Focus Firm in Portugal, Azevedo Neves, Benjamin Mendes, Carvalho & Associados (ABBC), to help develop our pan-Iberian practice and our practice in Africa March 2011 Our new office in Wilmington, Delaware opens, home to many of our largest corporate clients and a key center for corporate, litigation and bankruptcy practices March 2011 We open a new office in Miami to advance our global capabilities and expand our presence in Latin America We also reach an agreement with law firm InterJuris Abogados SC to establish a presence in Caracas, Venezuela, where the firm will operate as DLA InterJuris Abogados February 2011 Our new office in Berlin opens with an initial focus on banking and finance law as well as restructuring and insolvency law 8 Hogan Lovells 9 Skadden 10 White & Case - DATA: ACRITAS Law Firms Where Corporations Turn for Legal Help employ most often for cross-border litigation and deals. Acritas’ . Rank Firm Brand Index 1 Baker & McKenzie 2 3 4 Linklaters 5 Allen & Overy 6 Jones Day Supreme Court Chief Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August Retained by BP to bolster its post-spill takeover defenses 7 DLA Piper Supreme Court Chief Justice John Roberts and Justice Dept. anti - trust chief Christine Varney worked here Represented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? Y Y THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR UCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHA T TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S R NING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE G NTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR R RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? W OR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW H CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE T’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET REC EAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BO S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENT GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT TH FRONTIER? WHAT’S REALLY RECOVERY FOR REAL? YOU’ TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEX S? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE G ARE WE PATH TO RECOVERY? WHAT TO DO WITH IN SIGHT? WHAT’S REALLY HAPPENING IN WA HINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRON S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE Y THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR UCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHA T TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S R NING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE G NTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR R RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? W OR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW H CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE T’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S HE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RE EAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BO NEXT FOR REITS? HOW MUCH R KE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGE T TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S R NING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE G NTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR R RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? W OR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW H CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE ’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S E GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RE EAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BO S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENT GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT TH AT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS T RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? H WHAT’S NEXT H? HAS LENDING RE-EN H? HAS LENDING RE-EN N? ARE THERE DEALS OUT THERE? W N? ARE THERE DEALS OUT THERE? W ALLY GOING ON OUT THERE? IS THE MARKET ALLY GOING ON OUT THERE? IS THE MARKET Y THAT? WHERE ARE WE GOING? HAVE WE HIT T Y THAT? WHERE ARE WE GOING? HAVE WE HIT T W MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSW W MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSW HAT TO DO WITH ALL THIS CASH? HAS LENDING RE-EN HAT TO DO WITH ALL THIS CASH? HAS LENDING RE-EN APPENING IN WASHINGTON? ARE THERE DEALS OUT THER APPENING IN WASHINGTON? ARE THERE DEALS OUT THER ONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MA ONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MA E GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT E GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT OR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE A OR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE A E CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING E CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING HAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS HAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS FRONTIER? WHAT’S FRONTIER? WHAT’S RECOVERY FOR REA RECOVERY FOR REA T THE BOTTOM? WHA T THE BOTTOM? WHA HE ANSWERS? HOW H HE ANSWERS? HOW H RECOVERY? WHAT TO RECOVERY? WHAT TO WHAT’S REALLY HAPPEN WHAT’S REALLY HAPPEN WHAT’S NEXT ON THE GL WHAT’S NEXT ON THE GL MARKET RECOVERY FOR MARKET RECOVERY FOR E WE HIT THE BOTTOM? W E WE HIT THE BOTTOM? W ARE THE ANSWERS? HOW ARE THE ANSWERS? HOW S LENDING RE-ENTERED S LENDING RE-ENTERED RE DEALS OUT THERE? RE DEALS OUT THERE? N OUT THERE? IS TH N OUT THERE? IS TH ARE WE GOING? H ARE WE GOING? H ULD I TAKE? WHER ULD I TAKE? WHER ALL THIS CASH? H ALL THIS CASH? H INGTON? ARE THE INGTON? ARE THE EALLY GOING ON EALLY GOING ON ERE DEALS OUT TH ERE DEALS OUT TH E ARE WE GOING? H E ARE WE GOING? H SH? HAS LENDING RE-ENT N? ARE THERE DEALS OUT THERE? WH ALLY GOING ON OUT THERE? IS THE MARKET Y THAT? WHERE ARE WE GOING? HAVE WE HIT TH W MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSW WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-EN HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE RONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MAR RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT OR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE A E CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS FRONTIER? WHAT’S A T THE BOTTOM? WHA HE ANSWERS? HOW H RECOVERY? WHAT TO WHAT’S REALLY HAPPEN WHAT’S NEXT ON THE GL E MARKET RECOVERY FOR R E WE HIT THE BOTTOM? WH ARE THE ANSWERS? HOW H AS LENDING RE-ENTERED RE DEALS OUT THERE? N OUT THERE? IS THE ARE WE GOING? HA OULD I TAKE? WHER ALL THIS CASH? H HINGTON? ARE THE REALLY GOING ON HERE DEALS OUT TH ON OUT THERE? IS T E ARE WE GOING? H PATH TO RECOVERY DLA PIPER 10TH GLOBAL REAL ESTATE SUMMIT OCTOBER 4, 2011 DEFAULT DLA PIPER GLOBAL REAL ESTATE SUMMIT MAY 1 2007 finding CLARITY in changing markets DLA PIPER GLOBAL REAL ESTATE SUMMIT MAY 4, 2010 THE NEW PARADIGM OPPORTUNITIES, RISKS AND REWARDS WHAT COMES NEXT? DLA PIPER GLOBAL REAL ESTATE SUMMIT 2008 SEPTEMBER 23, 2008

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June 2011

For the seventh year running, we are named Global Real Estate Law Firm of the Year by The International Who’s Who of Business Lawyers

Germany

January 2005

DLA Piper Rudnick Gray Cary, with more than 2,700 lawyers in 18 countries, is born as the result of the largest merger in the history of the legal profession

February 2005

DLA Piper announces New Perimeter, the first-of-its-kind international pro bono initiative committing 13,000 hours (with a value of more than US$5 million) in the first year to pressing social causes

April 2005

Our Raleigh, North Carolina office opens, strengthening our REIT practice as well as our Real Estate Private Equity and Real Estate Finance practices

July 2005

Our new offices open in Russia and the Commonwealth of Independent States (CIS), enhancing our ability to serve clients across Europe

June to August 2005

DLA Piper represents biotechnology giant PDL BioPharma, Inc., in its US$800 million collaboration with Biogen Idec – the largest collaboration deal in the industry in 2005 and one that advances DLA Piper’s reputation in the life sciences field

We later represent PDL in other transactions, including a major reorganization involving three asset sales, the first public-public spinout (of Facet Biotech from PDL) handled by DLA Piper, and the successful defeat by Facet of a hostile slate of directors in 2009

We also act for Amey Lex Consortium, a joint venture, on its cutting-edge £300 million deal to provide specialist plant and engineering equipment for the UK armed forces, a first-of-its-kind deal for the UK Public Finance Initiative market

May 2005

DLA Piper announces our Vision – to be the leading global business law firm – and Values – focused on people, clients and communities

new perimeterWorldwide Pro Bono Initiative by the lawyersof DLA Piper Rudnick Gray Cary US LLP

September 2005

DLA Piper’s 6th Global Real Estate Summit draws more than 600 senior executives and general counsel from around the world to hear insights and share perspectives on the issues driving their business

Subsequent Global Real Estate Summits are held in 2007, 2008, 2010 and 2011– each focused on addressing current industry trends and questions

October 2005

Egyptian law firm Matouk & Bassiouny joins DLA Piper Group and changes its name to DLA Matouk Bassiouny

October 2005

DLA Piper expands our presence in Germany with a new office in Frankfurt, a city of global financial importance and home to all of the major financial institutions

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November 2005

South African law firm Cliffe Dekker joins DLA Piper Group and later is known as DLA Cliffe Dekker Hofmeyr

December 2005

Our Beijing office opens, allowing us to better meet the growing demand for legal services by Chinese and multinational companies

January 2006

DLA Piper enters the Middle East with a new office in Dubai, a key center for our Energy practice and opportunities in aviation, finance, IT, technology, private equity and real estate

January 2006

DLA Piper ranks #3 among law firms for M&A deal volume in 2005, according to Thomson Reuters

Meanwhile, Dow Jones Private Equity Analyst ranks us #5 for venture capital deal volume in 2005

February 2006

Our first combined global revenue results are announced at $1.5 bn / £847.3 m / €1.24 bn for the 2005 calendar year, making DLA Piper Rudnick Gray Cary one of the world’s largest law firms

March 2006

DLA Piper enters into an affiliation agreement in Saudi Arabia, making us one of the few international firms with a presence there and enhancing our ability to respond to foreign investment opportunities

March 2006

Zambian law firm Chibesakunda & Co. joins DLA Piper Group, a significant step in our strategy to deliver a range of local and international services for clients across the continent

May 2006

A regional hub of the Southeast US, our Atlanta, Georgia office opens as another step toward serving institutional clients through a broad service offering

May 2006

DLA Piper’s first Global Partners Conference takes place in Orlando, Florida

Subsequent Global Partners Conferences are held in 2008 in Barcelona, Spain, and in 2010 in Orlando, Florida

June 2006

DLA Piper is named Global Law Firm of the Year at The Lawyer Awards 2006

November 2006

Major Australasian law firm Phillips Fox joins DLA Piper Group under the name DLA Phillips Fox, providing us with greater visibility in the market and enhancing our ability to support clients’ international legal needs

August 2006

Our UK Corporate practice advises a Bank of Scotland-led consortium known as Mother Bidco on its £1.1 billion bid for retirement home developer McCarthy & Stone

June 2006

Ishengoma, Karume, Masha & Magai, Advocates (IMMMA), one of Tanzania’s leading corporate practices, joins DLA Piper Group

June 2006

DLA Piper’s Patent Litigation group celebrates six high-stakes wins in a row, placing us on the National Law Journal’s 2006 Defense Hot List for patent litigation

September 2006

DLA Piper becomes our official name

September 2006

The Oslo and Bergen offices of DLA Nordic, a former DLA Piper Group Firm, become DLA Piper offices

January 2007

DLA Piper becomes one of the first in the legal field to launch a Global Sustainability Initiative, affirming our commitment to manage our environmental impact

January 2007

DLA Piper is named the #1 law firm for global M&A deal volume in 2006 by mergermarket

We also make a huge leap in the Dow Jones Private Equity Analyst rankings for total private equity and venture capital deal volume in 2006 – ranking #3 compared to #11 in 2005

January 2007

DLA Piper reinforces our African capabilities with our exclusive agreement with Ghana-based Reindorf Chambers, the fifth African law firm to join DLA Piper Group

February 2007

As part of our Global Sustainability Initiative, DLA Piper hosts the “Cooling the Planet” conference in Sheffield, UK attended by both former Senator George Mitchell and former US Vice President Al Gore

February 2007

Our office opens in Phoenix, Arizona, one of the fastest-growing markets in the US, adding depth and experience to our global International Arbitration group

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February 2007

New Perimeter, DLA Piper’s nonprofit affiliate dedicated to international pro bono work, announces two new projects: the African Millennium Cities Project and the Climate Change Project

March 2007

With tremendous regional growth spurred by the global economy, we launch a Latin America practice to meet client demand for legal assistance throughout the region

April 2007

More than 100 DLA Piper lawyers, paralegals and staff begin work on behalf of Tishman Speyer in its landmark, multibillion-dollar acquisition of the Archstone-Smith REIT, the largest-ever going-private transaction in the multi-family REIT sector, involving hundreds of properties across the United States and Germany

We are later retained in 2009 for the restructuring of Archstone and Tishman Speyer’s investment in Archstone, another multimillion-dollar transaction

April 2007

Our new global brand, Everything Matters, is announced, marked by a new website and visual identity

The DLA Piper Brand

August 2007

Our global Energy Sector launches in the US and teams up with our international Energy Sector to deliver coordinated services to businesses focused on power generation, transmission facilities, trading, oil and gas, and carbon and emissions

May 2007

DLA Piper sponsors the May Day Summit on climate change, hosted by HRH The Prince of Wales

May 2007

Our Leadership Alliance for Women (LAW) launches in the US to focus on developing and promoting our women lawyers and maximizing their opportunities for business generation and leadership

June 2007

Our Warsaw office opens to meet client demand for legal counsel in the growing Polish economy and further strengthen our Central and Eastern Europe practice

August 2007

DLA Piper opens an office in Munich – our fourth in Germany – to meet rising business demands in the country’s key commercial areas and support continued growth in Central and Eastern Europe

September 2007

DLA Piper celebrates the first five years of our strategic alliance with The Cohen Group, an international business consulting firm led by Secretary William Cohen

September 2007

The annual Jeffrey F. Liss Award, named for the late US co-managing partner, is created to honor a DLA Piper partner who embodies Jeff’s spirit of stewardship to the firm and to the profession

December 2007

Senator George Mitchell, then DLA Piper Chairman, announces the results of his independent investigation into the illegal use of steroids and other performance-enhancing substances by players in Major League Baseball

December 2007

DLA Piper completes the H-shares listing of China Railway Group Limited, the largest construction group in China, on the Hong Kong Stock Exchange, immediately preceding an A-shares listing on the Shanghai Stock Exchange that raised US$5.5 billion – serving as the largest A+H listing of 2007 and creating a new model for dual listing of People’s Republic of China companies

February 2008

New Perimeter announces its first global pro bono/CSR initiative: providing support to Addis Ababa Law School, a premier but under-resourced law school in Ethiopia

February 2008

Global revenue for 2007 is announced at $2.1 bn / £1 bn / €1.5 bn, up 18.7 percent over the revenue for 2006 and a new record for DLA Piper

February 2008

In a continued effort to serve growing industry groups through the coordination of worldwide experience, DLA Piper launches two new global sectors: Hospitality and Leisure, and Life Sciences

January 2008

DLA Piper ranks #2 among law firms for global M&A deal volume in 2007, according to mergermarket

We also maintain our standing as the third most active law firm for total private equity and venture capital deal volume during 2007, according to Dow Jones Private Equity Analyst

January 2008

Following a decision described as “one of the most important ‘gate-keeping’ rulings ever rendered in a mass-tort case,” throughout 2008 and 2009 DLA Piper engineers the resolution of more than 30 class action suits and suits by more than 30 State Attorneys General on behalf of Pfizer for all product liability, consumer fraud and other litigation relating to prescription medications Celebrex and Bextra

March 2008

Our new office opens in Houston, Texas, one of the four strategic hubs in the world for the energy industry (along with New York, London and the Middle East)

June 2008

The second Global Partners Conference takes place in Barcelona, Spain

June 2008

DLA Piper receives the prestigious 2008 American Bar Association Pro Bono Publico Award for our “dedication to the innovative development and delivery of legal services to the poor”

July 2008

DLA Piper sponsors the World Diversity Leadership Summit hosted by the United Nations

August 2008

DLA Piper opens an office in Abu Dhabi, capital of the United Arab Emirates

October 2008

To further strengthen our presence in the Middle East, DLA Piper opens an office in Doha, Qatar and enters into a joint venture with the international division of Al Wagayan, Al Awadhi & Al Saif, a leading Kuwait-based law firm, operating under the name DLA Piper Kuwait

October 2008

Continuing our legacy as a global leader in technology law, DLA Piper holds the inaugural Global Technology Leaders Summit in Silicon Valley to provide insight on the economic and cultural factors driving the industry

Shortly thereafter, DLA Piper announces our global Technology Sector

November 2008

Our Bucharest, Romania office opens as an important step in our commitment to investing in the major business hubs across the region

November 2008

DLA Piper represents Invitrogen Corporation in its US$6.7 billion merger with Applied Biosystems Inc., creating Life Technologies Corporation, a global leader in biotechnology with key technical capabilities in genetic analysis, proteomics, cell biology and cell systems

January 2009

DLA Piper takes over the #1 position in the Dow Jones Private Equity Analyst rankings for volume of private equity transactions during 2008, the #3 position for venture capital deal volume and the #2 position for total deal volume in private equity and venture capital combined

Also, for the third year in a row, we remain one of the two most active law firms for global M&A deals in 2008, according to mergermarket, and we are named Law Firm of the Year 2009 at the Asia M&A Atlas Awards

January 2009

Joint CEO Nigel Knowles is awarded a knighthood in the Queen’s New Year Honours list, one of the UK’s highest civil honors

January 2009

As one of just 16 firms, DLA Piper is selected to join the Pfizer Legal Alliance, a collaborative new partnership with the world’s largest drug manufacturer that moves away from billable hours to an annual flat fee – therefore emphasizing the efficient delivery of superior legal services

Throughout 2009, more than 200 DLA Piper lawyers from 21 countries and 35 cities work on Pfizer matters

January 2009

President Barack Obama taps Senator George Mitchell, then Global Chairman of DLA Piper, to become Special Envoy to the Middle East

January 2009

Francis B. Burch, Jr., then Joint CEO of DLA Piper, becomes Global Chairman

February 2009

Our new office opens in Muscat, Oman, reinforcing our commitment to provide legal advice across the Middle East

April 2009

DLA Piper represents Marathon Asset Management as one of only nine initial pre-qualified fund managers selected to manage up to US$4.4 billion on behalf of the US Treasury Department and private investors under the Legacy Securities Public-Private Investment Program, a centerpiece of the Obama Administration’s Economic Plan

April 2009

DLA Piper is named European Copyright Firm of the Year at the Managing Intellectual Property Global Awards

Legal 500 ranks DLA Piper in the top tier for patent litigation in the International Trade Commission and High Tech Electronics/IT categories

May 2009

We open an office in Bahrain (Manama), the historic banking hub for the Persian Gulf and a strategically important market for Islamic finance

April 2009

Christie’s Auction House engages DLA Piper to handle its global trademark work

July 2009

We become the first law firm to acquire TelePresence virtual meeting technology, which is later implemented in our offices worldwide

June 2009

DLA Piper advises Funderburk Europe 2 Limited, formed on behalf of the investment arm of the Government of the Sultanate of Oman, in its 75:25 joint venture with Hammerson UK Properties Plc, which acquired Bishops Square, Spitalfields, London E1 for £445 million

Months later, in a major Project Finance deal, we are project counsel for the Government of the Sultanate of Oman for the development of the multimillion-dollar Duqm Project, which includes the construction of port facilities, dry-docking operations and municipal infrastructure

June 2009

Our Hong Kong Corporate lawyers advise Ping An Insurance (Group) Company of China in its US$3.2 billion acquisition of a stake in Shenzhen Development Bank

November 2009

We join forces with Verizon Communications on a variety of pro bono work focused on improving educational outcomes for children, supporting veterans and protecting domestic violence victims

Weeks later, DLA Piper and Pfizer join forces on a first-of-its-kind pro bono initiative to provide low-income individuals with access to free legal assistance

November 2009

In a survey by Acritas of 1,000 general counsel from the world’s largest organizations, DLA Piper ranks #7 among firms being used for multi-jurisdictional deals covering three or more countries

January 2010

Kenyan law firm Iseme, Kamau & Maema Advocates (IKM) becomes the sixth African law firm to join DLA Piper Group and the first Kenyan law firm to have an exclusive alliance with an international law firm

January 2010

For the fourth year in a row, Dow Jones Private Equity Analyst ranks DLA Piper among the top three firms for total private equity and venture capital deal volume

Additionally, we rank as the fifth most active law firm for global M&A deals in 2009, according to mergermarket

February 2010

As part of the international community, DLA Piper, along with our lawyers and staff, contributes US$300,000 to help the people of Haiti recover from the destruction caused by the January 12 earthquake that devastated the island nation

February 2010

DLA Piper wins the Outstanding Achievement Award at the 2010 Legal Business Awards in recognition of our “unrivalled impact on the business of law over the last two decades”

March 2010

With offices in Rio de Janeiro and São Paulo, Brazilian law firm Campos Mello Advogados begins working in cooperation with DLA Piper, allowing our strategic entry into one of the world’s fastest growing economies

June 2010

DLA Piper establishes an office in Istanbul and begins working with leading Turkish law firm YükselKarkınKüçük on several significant matters, including representing the Turkish Ministry of Transportation in an ICC arbitration concerning one of the major transportation infrastructure projects in the world

May 2010

DLA Piper partners from around the world gather at the 2010 Global Partners Conference in Orlando, Florida

February 2009

DLA Piper launches Intellectual Property and Technology News, a quarterly newsletter offering insights and analysis on intellectual property and technology issues

In 2010, we begin publishing the newsletter in Japanese, and in 2011, an Asia Pacific version launches

January 2009

DLA Piper begins representing a leading financial services company in the restructuring and workout of a US$1 billion mortgage and mezzanine loan encumbering a portfolio of 52 retail properties located across Germany

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VaLuesouR

We connect our people, our clients and our communities through living the values of our firm.

ouR PeoPLe

n We value diversity and respect for the individual.

n We believe in teamwork for the good of the firm and our clients.

n We believe in the development of all our people and reward achievement fairly.

ouR CLients

n We believe client interests are at the very heart of our business, and we strive to achieve excellence in everything we do for them.

n We believe in long-term relationships with our clients based on openness and honesty.

n We respect and meet our obligations as professionals.

ouR Communities

n We believe in active participation in the wider community as individuals and as a firm.

ouR VaLues

CLi

ent

s PeoPLe

Communities

CELEBRATINGOuR HISTORy

2005 – Present

GLOBAL PARTNERS CONFERENCE

October 2008

Our UK Litigation group defends the Government of the Republic of Zambia against a claim brought by Agrima Limited, which formerly operated the Zambia State Lottery, achieving a complete dismissal of the claim with Agrima Limited entitled neither to its claimed damages of US$144 million nor to reimbursement of any of the money it invested in running the Zambia State Lottery

October 2008

In the largest bank failure ever with claims exceeding US$11 billion, DLA Piper represents the Federal Deposit Insurance Corporation (FDIC) as creditor in the chapter 11 case arising from the failure of Washington Mutual

May 2007

DLA Piper represents the Government of the Republic of Zambia in its case against the former president of the Republic of Zambia, Dr. Frederick Chiluba, who in the Royal Courts of Justice was found to have conspired with others to misappropriate US$46 million of the African nation’s assets during his time in office

Big Deals

July 2010

With a new office in Florham Park, New Jersey, DLA Piper advances our strategy to grow our relationships in the life sciences and pharmaceutical sectors

July 2010

DLA Piper represents Argon ST in its acquisition by The Boeing Company for US$775 million

August 2010

DLA Piper represents Cheung Kong Infrastructure Holdings Limited, Hongkong Electric Holdings Limited and the Li Ka Shing Foundation consortium’s £5.8 billion acquisition of EDF’s UK electricity networks

August 2010

We expand our IP Litigation capabilities by adding premier litigation, counseling and prosecution teams in Los Angeles and Tokyo

October 2010

We place #7 among the “Global Elite” law firms for having one of the strongest law firm brands worldwide, according to an Acritas survey of 1,000 executives

We are also identified among law firms that corporate America turns to the most in the National Law Journal’s special report, “Who Represents Corporate America”

September 2010

DLA Piper advises Banco Santander on the acquisition of 70.36 percent of Bank Zachodni WBK from Allied Irish Banks for €2.9 billion

November 2010

We ranked as #1 international law firm in India by number of IPO mandates (April-September, 2010), according to Legally India

Acting through the Department of Disinvestment and Coal India Limited, we advise the Government of India on its $3.43 billion IPO, the largest IPO in the history of Indian capital markets and the third-largest IPO worldwide in 2010

November 2010

DLA Piper represents PAI Partners in its acquisition of Swissport International AG for €900 million

December 2010

We represent PartyGaming plc in its acquisition of bwin Interactive Entertainment AG for €3.3 billion

We also represent QUALCOMM Incorporated in its sale of spectrum licenses to AT&T for $1.925 billion

December 2010

The Financial Times’ inaugural edition of its Innovative Lawyers report for the US market recognizes our New Perimeter pro bono work with Mexico Appleseed and our new signature project with Promise Neighborhoods

January 2011

mergermarket ranks DLA Piper #1 among law firms for global M&A deal volume in 2010, up from #5 in 2009; Dow Jones Private Equity Analyst ranks the firm #1 for number of private equity and venture capital deals in 2010, up from #3 in 2009

May 2011

DLA Phillips Fox in Australia integrates with DLA Piper, making us the world’s largest business law firm, the largest integrated Asia Pacific legal practice and the largest global law firm presence in Australia

May 2011

DLA Piper ranks #1 among the world’s top 20 global law firms in the Law360 Global 20 for our ability “to handle groundbreaking global transactions of incredible complexity”

June 2011

Senator George Mitchell returns to DLA Piper as Chairman Emeritus, having completed his tenure as Special Envoy for Middle East Peace in the Obama Administration Other prominent former government officials include former Senate Majority Leader Tom Daschle, former Michigan Governor and US Ambassador to Canada Jim Blanchard, and former Delaware Governor and Senator Mike Castle

June 2011

Chambers & Partners grants DLA Piper the Award of Excellence for having the leading Real Estate practice in the US, making us the only firm to receive this award twice

June 2011

We advise Brightoil in its US$1.1 billion bid for Houston Fuel Oil Terminal Company

July 2011

DLA Piper represents Gazprom in two victories valued at US$2.6 billion – two of the largest wins on ALM’s 2011 Arbitration Scorecard

We also advise the Government of Hungary in its US$2.54 billion acquisition of MOL Plc, one of the largest companies in the CEE; and an affiliate of Blackstone Real Estate Partners in a US$9 billion acquisition from Centro Properties Group

July 2011

We announce the formation of our Global Insurance and Reinsurance sector

July 2011

For the seventh consecutive year, DLA Piper is named global Franchise Law Firm of the Year at the Who’s Who Legal Awards

September 2011

DLA Piper represents PopCap Games in its US$1.3 billion acquisition by Electronic Arts, one of the largest acquisitions in the online gaming sector

We also achieve a victory for China Railway Group in the Hong Kong Court of Final Appeal following a four-year case in which a US distressed fund attempted to enforce two arbitral awards totaling US$102 million against the Democratic Republic of Congo

September 2011

DLA Piper is named International Tax Firm of the Year at the China Law & Practice Awards 2011 and receives several honors at the International Tax Review’s Americas Tax Awards 2011, among them International Law Firm in the Americas

October 2011

DLA Piper holds its first Global Women’s Leadership Summit in Chicago for women general counsel, associate general counsel and other executive-level women in the legal field

November 2011

Tony Angel joins DLA Piper as Global Co-Chair and Senior Partner of the International LLP

November 2011

DLA Piper represents Morgan Stanley and Goldman Sachs as lead underwriters in the widely publicized initial public offering of Groupon, Inc.

Campos Mello Advogados and DLA Piper advise TNK-Brasil on its acquisition of 21 oil and gas exploration blocks in the Amazon’s Solimões basin

January 2011

We gain a Focus Firm in Portugal, Azevedo Neves, Benjamin Mendes, Carvalho & Associados (ABBC), to help develop our pan-Iberian practice and our practice in Africa

March 2011

Our new office in Wilmington, Delaware opens, home to many of our largest corporate clients and a key center for corporate, litigation and bankruptcy practices

March 2011

We open a new office in Miami to advance our global capabilities and expand our presence in Latin America

We also reach an agreement with law firm InterJuris Abogados SC to establish a presence in Caracas, Venezuela, where the firm will operate as DLA InterJuris Abogados

February 2011

Our new office in Berlin opens with an initial focus on banking and finance law as well as

restructuring and insolvency law

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Law Firms

Where Corporations Turn for Legal Help

employ most often for cross-border litigation and deals. Acritas’ .

Rank Firm Brand Index

1 Baker & McKenzie

2

3

4 Linklaters

5 Allen & Overy

6 Jones Day

7 DLA Piper

8 Hogan Lovells

9 Skadden

10 White & CaseRepresented Log Cabin Republicans in their lawsuit to overturn “Don’t Ask, Don’t Tell” policy

Supreme Court Chief Justice John Roberts and Justice Dept. anti -trust chief Christine Varney worked here

Won a U.K. appeal on behalf of Lehman Bros.’ unsecured creditors in August

Retained by BP to bolster its post-spill takeover defenses

DATA : AC R I TAS

Big DealsBig Deals

AME? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED?

WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL

FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S

NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT N THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE?

FRONTIER? WHAT’S REALLY GOING RECOVERY FOR REAL? YOU’RE

OING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME

NGED? ARE WE PATH TO RECOVERY? WHAT TO DO WITH ALL IN SIGHT? WHAT’S REALLY HAPPENING IN WASH

WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS?

HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? AT’S NEXT FOR REITS? HOW MUCH RISK

I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE

MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE

WHAT’S NEXT 

WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL

FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S

NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT N THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY N THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE?

FRONTIER? WHAT’S REALLY GOING FRONTIER? WHAT’S REALLY GOING RECOVERY FOR REAL? YOU’RE RECOVERY FOR REAL? YOU’RE

OING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR OING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME

PATH TO RECOVERY? WHAT TO DO WITH ALL PATH TO RECOVERY? WHAT TO DO WITH ALL IN SIGHT? WHAT’S REALLY HAPPENING IN WASH IN SIGHT? WHAT’S REALLY HAPPENING IN WASH

WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS?

HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? AT’S NEXT FOR REITS? AT’S NEXT FOR REITS? HOW MUCH RISK HOW MUCH RISK

I TAKE? WHERE ARE THE ANSWERS? I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT WHAT’S NEXT 

WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL

FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S

NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT N THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY N THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE?

FRONTIER? WHAT’S REALLY GOING FRONTIER? WHAT’S REALLY GOING RECOVERY FOR REAL? YOU’RE RECOVERY FOR REAL? YOU’RE

OING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR OING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME

PATH TO RECOVERY? WHAT TO DO WITH ALL PATH TO RECOVERY? WHAT TO DO WITH ALL IN SIGHT? WHAT’S REALLY HAPPENING IN WASH IN SIGHT? WHAT’S REALLY HAPPENING IN WASH

WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS?

HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM?

WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL

FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S

NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT N THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW

HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE?

FRONTIER? WHAT’S REALLY GOING RECOVERY FOR REAL? YOU’RE

OING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME

PATH TO RECOVERY? WHAT TO DO WITH ALL IN SIGHT? WHAT’S REALLY HAPPENING IN WASH

WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS?

HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER

HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVERY FOR REAL?

YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM? WHAT’S NEXT FOR REITS? HOW MUCH RISK SHOULD I TAKE? WHERE ARE THE ANSWERS? HOW HAS THE GAME CHANGED? WHAT TO DO WITH ALL THIS CASH? HAS LENDING RE-ENTERED THE GAME? WHAT’S REALLY HAPPENING IN WASHINGTON? ARE THERE DEALS OUT THERE? WHAT’S NEXT

ON THE GLOBAL FRONTIER? WHAT’S REALLY GOING ON OUT THERE? IS THE MARKET RECOVER FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE HIT THE BOTTOM?

PATH TO RECOVERY

DLA PIPER 10TH GLOBAL REAL ESTATE SUMMIT OCTOBER 4, 2011

MARKET RECOVERY FOR REAL? YOU’RE GOING TO BUY THAT? WHERE ARE WE GOING? HAVE WE

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