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…
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…
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…
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…
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…
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…
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,…
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…
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…
Chicago’s Sonnenschein Nath & Rosenthal has announced it will hire 100 lawyers (NYT says 40) away from New York CIty’s Thacher Proffitt & Wood. Bailout talks with King & Spalding…
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