Thacher Proffitt Dissolves; Sonnenschein Rescues 100
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Chicago’s Sonnenschein Nath & Rosenthal has announced it will hire 100 lawyers away from New York CIty’s Thacher Proffitt & Wood.
Bailout talks with King & Spalding have collapsed, and Thacher Proffitt will dissolve today.
Founded in 1848, Thacher Proffitt’s clients included many of the biggest banks and investment banks, including Citigroup and UBS. In 2006, the firm was ranked among the top 200 by The American Lawyer. But It was one of the leading firms behind the creation of the sort of mortgage-backed securities that fueled the lending spree that has since backfired on the banks.
Chicago’s Sonnenschein Nath & Rosenthal has announced it will hire 100 lawyers away from New York CIty’s Thacher Proffitt & Wood.
Bailout talks with King & Spalding have collapsed, and Thacher Proffitt will dissolve today.
Founded in 1848, Thacher Proffitt’s clients included many of the biggest banks and investment banks, including Citigroup and UBS. In 2006, the firm was ranked among the top 200 by The American Lawyer. But It was one of the leading firms behind the creation of the sort of mortgage-backed securities that fueled the lending spree that has since backfired on the banks.
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