Dreier LLP announced today that Linda

Grant Williams has joined the firm as a partner in the Corporate &

Securities Department. Prior to joining the firm, Ms. Grant was of counsel

to Greenberg Traurig LLP in New York, and was previously a partner at

Pillsbury Winthrop Shaw Pittman LLP.



    "We are delighted and very fortunate to have Linda Grant Williams join

Dreier LLP," stated Marc S. Dreier, founder and managing partner of Dreier

LLP. "Her expertise in advising public-private partnerships complements our

current capabilities representing capital providers in the construction and

financing of major real estate holdings."



    Ms. Grant Williams will continue her practice in representing banks,

pension funds and other capital providers in the construction and permanent

financing of hotels, shopping centers, office buildings, industrial

complexes, multifamily projects, cogeneration and other energy projects.

Some of her notable real estate and construction projects include the

financing of The Forum at Caesar's Palace, Two Rodeo Drive and One Colorado

Shopping Centers in Southern California and the Greenwich Office Park in

Greenwich, Connecticut.



    "Joining Dreier LLP enables me to provide clients with the litigation

expertise, relationships and wide-ranging capabilities of a full service

law firm," Ms. Grant Williams stated. "I also share Marc Dreier's vision of

a cutting edge, entrepreneurial firm that applies creative thinking to

client issues."



    Ms. Grant Williams was instrumental in structuring financings for the

Oakland Raiders, Golden State Warriors, and in the renovation of the Rose

Bowl in Pasadena, California. She was recognized by Sports Business Journal

as one of the country's leading sports executives and credited with the

creation of sports securitization, utilized at both the Pepsi Center in

Denver, Colorado and The Staples Center in Los Angeles, California. Most

recently, Ms. Grant Williams created a groundbreaking method for a more

cost effective method of financing U.S. airports, resulting in greater

bankruptcy protection for bondholders and dramatically lowering financing

costs for airlines. This patent-pending business method innovation has been

generally approved for use at the tri-state area airports by The Port

Authority of New York and New Jersey.



    Ms. Grant Williams received a B.S. in Political Science with high

distinction from the University of Arizona in 1974 and a J.D., cum laude,

from Loyola Law School in 1979, where she was a member of the Loyola Law

Review and received the American Jurisprudence Constitutional Law Award.

Ms. Grant Williams is a member of the Bar of the States of New York and

California and was recently appointed to the Association of the Bar of the

City of New York Structured Finance Committee.



    Background on Dreier LLP



    Dreier LLP was founded in 1996 by Marc Dreier as a more responsive and

innovative alternative to traditional "large-firm" lawyering. Dreier LLP

represents a wide range of institutional, entrepreneurial and individual

clients in diverse sectors of financial, industrial and service-oriented

markets. The firm's principal practices are commercial litigation, real

estate, bankruptcy and corporate reorganization, employment, corporate and

securities, entertainment, intellectual property, matrimonial and tax.

Dreier LLP's Los Angeles affiliate, Dreier Stein & Kahan LLP, has its

principal practice in entertainment and commercial litigation and corporate

transactions. The firm's affiliate Schlesinger Gannon & Lazetera LLP has an

extensive practice in the area of trusts and estates law. Pitta & Dreier

LLP is an affiliate which specializes in labor law, and Pitta, Bishop, Del

Giorno & Dreier LLP specializes in government relations. In the 10 years

since its founding, Dreier LLP, with its affiliate members, has grown to

more than 200 attorneys, with its principal office at 499 Park Avenue in

Manhattan, and additional offices in Los Angeles; Santa Monica, California;

Albany, New York; and Stamford, Connecticut.