BOSTON, Mass., May 19, 2003 - Gadsby Hannah LLP, a leading business and technology law firm, announced today that John G. Loughnane, who specializes in corporate and bankruptcy law, has joined the firm as a partner. Mr. Loughnane comes to the firm with deep roots in the New England legal community. He most recently served as Regional Corporate Counsel for North America for Parametric Technology Corporation (PTC) in Needham, an international software company with more than 30,000 customers and nearly 4,000 employees. At PTC, Loughnane advised management on strategic alliances, complex technology licenses, financing arrangements and business development opportunities. Prior to PTC, he had been a partner in the Corporate Department of Goodwin Procter LLP.

Loughnane will concentrate his practice in counseling corporate and technology clients, and will also bring his rich experience in directing sophisticated workouts and restructurings to the firm's business reorganization group. Mr. Loughnane has represented purchasers of assets, official committees of unsecured creditors, Chapter 7 trustees, corporate debtors, parties in preference and fraudulent transfer litigation, licensees, and other parties in reorganization and liquidation proceedings. He has represented clients in numerous bankruptcy matters throughout the country.

"John Loughnane brings tremendous corporate and financial law experience to Gadsby Hannah; his knowledge and business-focused results will help us add to the resources we already make available to our clients," said Paul E. Clifford, the firm's managing partner. "John's skills and expertise are a wonderful complement to the continued growth of our corporate and technology practices."

Mr. Loughnane received his undergraduate degree from Holy Cross and his law degree, with honors, from George Washington University, where he served as Managing Editor of The George Washington University Law Review. Loughnane is a member of the American, Massachusetts and Boston Bar Associations. He is also a member of the American Bankruptcy Institute and the Turnaround Management Association

"Gadsby Hannah is uniquely positioned in the legal marketplace. Attorneys at the firm share an entrepreneurial spirit and truly understand the needs of businesses in today's economy," said Loughnane. "Companies need smart advice, and solutions that combine innovation, creativity and attention to the bottom line - and I am excited about working with Gadsby Hannah to help companies achieve successful results."