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Thacher Proffitt & Wood
Alan Kaufman has joined the law firm of Hinshaw & Culbertson LLP in the New York office as a partner, according to a press release. Kaufman comes to the firm from McKenna Long & Aldridge LLP. Kaufman has experience litigating…>read moreNo Comment June 26, 2014
Dissolving Thacher Proffitt & Wood is pursuing its former first-year associates over money provided for bar expenses. The firm’s dissolution committee and bank are going after the former associates for repayment of salary advances issued last year to cover their…>read moreNo Comment March 8, 2009
The National Law Journal reports that many former Thacher lawyers have been unable to find new positions. More than 65 attorneys from defunct Thacher Proffitt & Wood, many of whom specialize in structured finance and real estate, are still looking…>read moreNo Comment February 17, 2009
Chicago’s Sonnenschein reports gross revenue was $492 million for 2008, up nearly 3%. Revenue per lawyer also increased about 3%, to $809,000. But profits-per-partner decreased 12%. Last year, Sonnenschein went through two rounds of layoffs. Then the firm recruited 100…>read moreNo Comment February 6, 2009
The WSJ Law Blog summarizes the findings in a report by The American Lawyer about the enormous rise in laterals over the last year. Overall, 2,509 partners moved laterally between Am Law 200 firms in 2008. That’s a 4% increase…>read moreNo Comment January 31, 2009
The Blog of Legal Times reports from Sonnenschein Nath & Rosenthal’s swanky Obama inauguration party: Saturday night, Sonnenschein Nath & Rosenthal held an inauguration reception at The Phillips Collection in Washington. About 100 people showed up for the evening cocktail…>read moreNo Comment January 19, 2009
The American Lawyer reports that America’s oldest law firm, Manhattan’s Cadwalader, Wickersham & Taft, saw its average profits per equity partner fall more than 30% in 2008. Cadwalader’s equity partners will take home average profits of a mere $1.88 million,…>read moreNo Comment January 13, 2009
According to the Department of Labor’s Bureau of Labor Statistics, the legal services industry in the United States shed some 7,000 jobs between December 2007 and December 2008. The numbers include lawyers, paralegals, public relations specialists, secretaries and other positions; and reflect layoffs…>read more1 Comment January 12, 2009
As we reported last week, Sonnenschein Nath & Rosenthal hired 100 lawyers from the dissolving Thacher Proffitt & Wood. This week, the National Law Journal spoke to Sonnenschein chair Elliott I. Portnoy about the hires and the future of his firm. From…>read moreNo Comment December 30, 2008
Thacher Proffitt & Wood, the 160-year-old New York-based law firm, will close forever. The subprime crisis slashed demand for its structured-finance practice, and more than half of its attorneys have left for a competitor. Thacher Proffitt will wind down operations…>read moreNo Comment December 23, 2008
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