American Lawyer Media Acquires Leading Legal Tradeshow Company.

NEW YORK--(BUSINESS WIRE)--March 3, 1998--

Corporate Presentations, Inc., Producer of

LegalTech, To Become Part of Wasserstein Perella's

Growing Legal Publishing Venture

American Lawyer Media announced today the acquisition of Corporate Presentations, Inc., the leading producer of tradeshows and conferences for the legal industry, from Janet Felleman, who will be continuing with American Lawyer Media. Terms were not disclosed.

The acquisition combines American Lawyer Media's profitable seminar and conference business with the preeminent name in the legal technology exhibition and conference business. Under its LegalTech trade name, Corporate Presentations coordinates conferences in New York, Los Angeles, Chicago, Atlanta and Washington. Additionally, the company sponsors various seminars and a number of internet-related events.

With the added geographic outlets and marketing capabilities that American Lawyer Media provides, both the company and Ms. Felleman are confident that they will be able to grow the combined business substantially. William Pollak, Chief Executive Officer of American Lawyer Media, said, "We view this acquisition as an ideal complement to our existing lines of business. I am thrilled to have Janet aboard and look forward to working with her to continue to grow our company."

Mr. Pollak, formerly a top business executive at The New York Times, recently joined American Lawyer Media as the chief executive. Mr. Pollak spent 15 years with The Times, the last six as an Executive Vice President. During his career, he has held a variety of marketing, advertising and circulation positions.

Ms. Felleman, who is bringing her key employees with her to American Lawyer Media, said that, "The benefits of such a combination are innumerable. With the editorial strength and geographic reach of American Lawyer Media, we can surely take the combined entity to the next level. This is clearly an example of one plus one equaling far more than two."

Bruce Wasserstein, Chairman of American Lawyer Media, called the Corporate Presentations acquisition "a perfect fit," adding that "our regional coverage, combined with the LegalTech name and the excellence it represents, creates the potential for serious growth."

American Lawyer Media was recently formed by U.S. Equity Partners, L.P., the merchant banking arm of Wasserstein Perella & Co., with the acquisitions of both American Lawyer Media, L.P. and National Law Publishing Company, which have been merged.

The new American Lawyer Media, Inc. is the nation's largest legal journalism organization, with estimated readership of over one million. The Company publishes 16 periodicals, including several leading national periodicals and publications serving for of the five largest state legal markets. In addition to The American Lawyer, the Company's feature publications include The National Law Journal, the nation's largest selling legal newspaper, and the New York Law Journal, which has the largest paid circulation of any regional legal newspaper in the United States. The Company also publishes five other daily newspapers serving Georgia, northern California, Miami, Fort Lauderdale, and Palm Beach, as well as four weekly newspapers serving New Jersey, Texas, Washington D.C., and Connecticut.

U.S. Equity Partners, L.P. is a private equity investment fund sponsored by Wasserstein Perella, a leading international investment bank that provides its clients with advisory services, equity and debt underwriting, merchant banking and other asset management service worldwide. Wasserstein Perella has offices in New York, Chicago, Los Angeles, San Francisco, Dallas, London, Paris, Frankfurt and Tokyo.

CONTACT: Gene Donati

Clark & Weinstock, Inc.

for Wasserstein Perella and American Lawyer Media

[phone]