Annual Review

Clients, Colleagues, Friends:

There is much to be thankful for as we make our way through 2011. After several years of unprecedented economic turbulence and uncertainty, markets are beginning to stabilize, the business environment is improving and transformative opportunities are available.

Throughout our firm’s history, we’ve been privileged to help the world’s most creative and ambitious companies and businesspeople overcome substantial challenges to achieve their professional objectives.

We’re especially proud to have helped our clients successfully navigate the financial crisis these past few years.

This year, as the economic recovery continues, we stand ready to help our clients take advantage of opportunities available in the post-crisis era and to navigate the new regulatory regime created in response to the financial crisis.

Regards and best wishes for a successful and satisfying future.

Brad S. Karp, Chair, and the Partners of Paul, Weiss