The attorneys, including eight partners, represent more than one-third of the total who remained at the New York firm before it announced its dissolution on Dec. 22, 2008. Nearly 100 joined Sonnenschein Nath & Rosenthal immediately before the firm collapsed, brought down by the securitization market’s decline, numerous partner departures and a failed merger with Atlanta’s King & Spalding.
While several former Thacher Proffitt partners landed at lucrative jobs in the months prior to its dissolution, eight partners remain unemployed, according to records from the New York State Unified Court System and LexisNexis Martindale-Hubbell as well as interviews with former Thacher Proffitt partners. About 60 associates are still unaccounted for, and their severance packages are expected to expire this month.
