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: Ross Ipsa Loquitur

Thatcher Proffitt Will Not See its 161st Year

By Ross

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Maybe I was a little conservative when I predicted the failure of at least 10% of the AmLaw 100 on January 1st in my “Ringing in 2009 with 30+ Predictions” post. On 12/22/08, the firm announced it would “wind down” after 12/31/08 (i.e. THROW IN THE CARDS! COLLAPSE, FOLD!) - here’s the press release on their site. I hope my friend Lenny Nuara lands safely - I had heard he ended up at Greenberg Traurig - but is any MegaFirm safe? I think not. Thatcher Proffitt survived the collapse of the World Trade Center but hasn’t survived the ruthless onslaught of this post-apocalyptic new economy. More failures to come - you can count on it. Who’s next?

Full post as published by Ross Ipsa Loquitur on January 05, 2009 (boomark / email).

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