Ten U.S. partners and two dozen associates have voluntarily left Thacher Proffitt & Wood in the past six months after a severe slump in structured finance -- a slump that has prompted the New York-based firm to cut at least 60 associates from its payroll. Paul Tvetenstrand, the firm's chairman and managing partner, said the recent partner departures were unrelated to the layoffs. But he acknowledged that the total number of them was "a lot, for a short period of time."
Fleeing Thacher Proffitt Lawyers Cite Bleak Financial Forecast
The National Law Journal
June 16, 2008