Chadbourne Honored As Advisor to the Deal of the Year For its Work on the $3.4 Billion GLG Partners Deal

March 18, 2008 – LAWFUEL – Chadbourne & Parke LLP was honored by The Hedge Fund Journal as an advisor to the publication’s Deal of the Year: the $3.4 billion GLG Partners/Freedom Acquisition Holdings, Inc. transaction.

Chadbourne represented GLG, a leading alternative asset manager with net assets under management of over $24 billion, in the transaction which allowed GLG to access the public markets through a reverse acquisition with Freedom, a publicly traded special purpose acquisition company or SPAC. The deal closed on November 2, 2007.

At an awards dinner in London on March 6, Chadbourne was honored along with two other advisors on the deal — Ernst & Young and Parella Weinberg Partners.

Chadbourne served as legal counsel to GLG on the deal. Leading the transaction for Chadbourne were corporate partners Alejandro San Miguel, Charles E. Hord, Sey-Hyo Lee and Scott Berson and tax partner Bill Cavanagh, together with partners Kevin Smith, Edward Smith, Tony Roncalli, Jeff Robins and J. Allen Miller; associates David Gallai, Peter Dahm, Jessica Tsai, Jennifer Noone, Erez Tucner, Joanna Wylomanska, Turgut Cankorel, Jennifer Roselius and Christina Olsson; summer associates Alison Kronstadt and Julia Smith-Aman and paralegal Jennifer Quinn-Felice.

Mr. San Miguel joined GLG as its general counsel and chief legal officer upon closing of the transaction. Les Schreyer, a tax partner at Chadbourne, is also an advisor to GLG.

The combined company has been renamed GLG Partners, Inc. Shares of the combined company trade on the New York Stock Exchange under the ticker symbol “GLG.”

This transaction is one of the most significant deals ever completed by a SPAC and represents the first U.S. listing by an alternative asset manager primarily focused on hedge funds.

Attending the dinner on behalf of Chadbourne to accept the award were Mr. Lee and Mr. Schreyer along with Claude Serfilippi, Gareth Kendall and Jonathan Furst of Chadbourne’s London office.

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