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."
June 16, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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.
The slump has prompted the New York-based firm to cut at least 60 associates from its payroll.
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