The Dolan Company (NYSE:DM) announced today that it has appointed Kevin
Nystrom, managing director of Zolfo Cooper, as its chief restructuring
officer.

Nystrom will report to the company’s board of directors and will have
oversight responsibility for the company’s operations and finances. As
part of these responsibilities, he will be actively engaged with the
company’s senior lenders, including Bayside Capital, which now holds
participation interests covering a majority of the indebtedness
outstanding under the company’s senior credit facility.

“We are pleased to be adding such an experienced and capable
professional to our team,” said James P. Dolan, chairman, chief
executive officer and president. “Kevin will play a very important role
in our efforts to stabilize our finances and strengthen our businesses.
I look forward to working closely with him as we move forward.”

The Dolan Company also said that it received a continued listing
standards notice from the New York Stock Exchange (“NYSE”) because the
price of its common stock has fallen below the exchange’s minimum share
price rule. The NYSE requires the average closing price of a listed
security to be at least $1.00 per share over a consecutive 30
trading-day period.

The Dolan Company is a leading provider of professional services and
business information to the legal, financial and real estate sectors.
Its Professional Services Division provides specialized outsourced
services to the legal profession primarily through its subsidiaries
DiscoverReady and Counsel Press. DiscoverReady provides outsourced
discovery management and document review services to major companies and
law firms. Counsel Press is the nation’s largest provider of appellate
services to the legal community. The company’s Business Information
Division publishes business journals, court and commercial media and
other highly focused information products and services, operates web
sites and produces events for targeted legal and professional audiences
in each of the 19 geographic markets that it serves across the United
States.

Statement Regarding Forward Looking Information

This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Statements that
are not historical or current facts are forward-looking statements. Such
forward-looking statements include statements related to the company’s
“guidance” as well as statements using words such as “anticipate,”
“expect,” “believe,” “convinced,” “continue,” “to come,” “will,” “may,”
“estimate,” “assume,” “presume,” “pursue,” “outlook,” “look,”
“optimistic,” “plan,” “goal,” “milestone” and similar expressions.
Forward-looking statements are subject to risks, uncertainties and other
factors that could cause the actual results, performance, prospects or
opportunities to differ materially from those expressed in, or implied
by, these forward-looking statements. These risks, uncertainties and
other factors include, but are not limited to: our ability to fund our
ongoing operations, repay our indebtedness, pay dividends on our
preferred stock, fund capital expenditures, make divestitures on
acceptable terms, and make any acquisitions; our ability to comply with
covenants in our debt instruments; our ability to obtain waivers from
our lenders of any failure to comply with covenants in our debt
instruments or of events of default; our ability to amend our debt
instruments in the future; our ability to retain key customers and
develop new customer relationships in our litigation support services
segment; the possibility that we may have to record significant charges
to earnings as a result of impairment of our intangible assets; our
ability to retain key personnel; the adverse resolution of a future
lawsuit or claim against us; the failure or disruption of our
proprietary case management software systems, our document hosting,
processing, conversion and review systems, or our website and online
networks; the risk that our customers or their clients fail to timely
pay us for our services, or at all; the effect of existing and future
legislation, government investigations, litigation, court orders,
settlements and client slow-downs on our mortgage default processing
services and public notice operations;; and the other risk factors
described under “Risk Factors” in Item 1A of our annual report on Form
10-K for the year ended December 31, 2012, which we filed with the SEC
on March 8, 2013, and those highlighted in our Form 10-Q for the quarter
ended September 30, 2013, which we filed with the SEC on November 12,
2013. We undertake no obligation to update any forward-looking
statements in light of new information or future events.

The Dolan Company
Bob Evans, 612-317-9430
Director of
Investor Relations and Corporate Development
Bob.evans@thedolancompany.com