Two Prominent French Lawyers, Georges Terrier and Christophe Perchet, Join Davis Polk

    PARIS, September 5 /CNW/ - Davis Polk & Wardwell today said that it is
taking a major step forward in its previously announced plan to expand its
French law practice with the arrival of Georges Terrier and Christophe Perchet
as partners.

    Georges Terrier, who joins Davis Polk from Jeantet, a leading independent
French law firm, is a prominent member of the Paris bar who has earned a
market-leading reputation for his corporate advisory, M&A, corporate
governance and related litigation expertise. He possesses an in-depth
knowledge of the market and has developed trusted relationships with a number
of senior business leaders and other leading players in the legal and
financial community of Paris.

    Christophe Perchet, during 10 years spent at Jeantet, has developed a
combined M&A and related litigation expertise, in particular as legal adviser
to large French and international companies in connection with their
cross-border transactions.

    The recruitment of Georges Terrier and Christophe Perchet furthers Davis
Polk's objective, announced with the hiring of Arnaud Peres and the current
team of lawyers practicing French law, of becoming a leading Paris firm in
strategic advisory and transactional work for its French and international

    John R. Ettinger, Managing Partner of Davis Polk, said: "France is a
strategic market for our firm and our clients, and we are delighted that
Georges and Christophe have agreed to join our team of lawyers in Paris. We
admire their professional qualities and what they have achieved already in
their careers. Importantly, we share with them the same values and vision for
the development of our profession, our French practice and how best to address
our clients' needs."

    He added: "This recruitment is a major step forward, which strengthens
our roots in the French market. It is critical to be able to provide our
French and international clients doing business in France both the resources
and expertise of our international network and an in-depth knowledge of the
French market."

    Georges Terrier said: "I am extremely impressed by the personal and
professional qualities of the Davis Polk partners. Having spent many years
with a superb French firm, it is very exciting for us to be joining Davis
Polk, with its leadership position on Wall Street and, above all, to have the
opportunity to build a totally integrated team of first-rate French and U.S.
lawyers. The international dimension provided by Davis Polk's network,
particularly within Europe, which we will thus be able to bring our clients,
is essential in order to assist them in their most important transactions."

    Christophe Perchet said: "One of the attractions of our joining Davis
Polk is being able to work with people who have a strong teamwork culture.
This team-oriented approach is the way Georges and I have always enjoyed
working and it translates into high quality service for the client."

    Margaret Tahyar and Arnaud Peres, partners in the Paris office,
emphasized that Georges Terrier and Christophe Perchet bring a special
combination of both transactional and litigation expertise. According to Ms.
Tahyar: "This combination is increasingly a key part of the strategic advice
that clients seek today."

    Georges Terrier, 61, is a leading corporate and litigation lawyer on the
Paris scene. A partner at Jeantet since 1982, he has been managing partner of
the firm since 2000. His clients include some of the largest French companies
in the fields of luxury goods, industry, transport, banking and insurance.
Recent corporate transactions in which he has been involved include advising
Sacyr Vallehermoso, the Spanish construction group, in connection with the
litigation proceedings related to its unsolicited public tender offer for the
French construction group Eiffage; the Vallourec group, in connection with the
acquisition of VM Tubes, one of Vallourec's strategic industrial assets; the
French nuclear group Areva in connection with the acquisition of the T & D
division of Alstom and Suez, in connection with various transactions,
including the sale of the French cable-operator, Noos.

    Christophe Perchet, 41, is a corporate lawyer with experience in public
and private mergers and acquisitions, as well as related litigation. Recent
transactions in which Christophe Perchet was involved include advising the
French government in connection with the re-organization of EADS corporate
governance and its share capital restructuring; advising Sacyr Vallehermoso,
in connection with the privatization of Sanef, the French motorway company,
and in the acquisition of a 30% stake in the French construction group
Eiffage; and advising the French nuclear group Areva in connection with
various acquisitions in related business areas such as mining, uranium
enrichment and electrical equipment. He began his legal career in 1992 as an
associate of Freshfields in Paris before joining Jeantet in 1997, where he was
made a partner in 2001.

    About Davis Polk & Wardwell

    Davis Polk & Wardwell is a global law firm based in New York City. For
more than 150 years, our lawyers have advised industry-leading companies and
global financial institutions on their most challenging legal and business
matters. Davis Polk ranks among the world's preeminent law firms across the
entire range of our practice, which spans such areas as capital markets,
mergers and acquisitions, credit, litigation, private equity, tax, investment
management, insolvency and restructuring, executive compensation and
intellectual property. The firm has more than 600 lawyers in offices in New
York, Menlo Park, CA, Washington, D.C., London, Paris, Frankfurt, Madrid, Hong
Kong, Beijing and Tokyo. Davis Polk ranked first among all law firms in a
survey in which Fortune 250 law departments were asked to name the firms they
rely on most in corporate transactions (Corporate Counsel, September 2006).
Outside of France, Davis Polk practices solely U.S. law and works closely with
a network of leading independent law firms in key jurisdictions throughout the

    About Davis Polk in Paris

    Opened in 1962, Davis Polk's Paris office was the firm's first overseas
office. Today, the lawyers in our Paris office advise French clients, as well
as clients in other European countries, on a wide range of global corporate
finance and mergers and acquisitions transactions. We also advise U.S. clients
investing in France, as well as investment banks in deals involving French
companies. With over 40 years of continuous practice in France, we have
developed long-standing relationships with many French companies and financial
institutions. In 2005, the firm brought on its first French-qualified lawyers
and it continues to build a leading boutique French law practice focusing on
high-end corporate transactions in conjunction with its existing U.S. law
practice in Paris.

For further information:

For further information: Euro RSCG C&O Jean de Belot, + 33 1 58 47 94 42
Mob: + 33 6 07 41 58 52 or Marie-Carole de Groc, +
33 1 58 47 95 07 Mob: + 33 6 81 11 23 60 or
Davis Polk & Wardwell Kevin A. Cavanaugh, +1 212-450-6811 Mob: +1 917-721-6170 or Harald Stavenas, +1 212-450-6039 Mob: +1

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