Troubled Thacher Seeks King & Spalding Takeover

Law360, New York (December 11, 2008, 12:00 AM EST) -- Thacher Proffitt & Wood LLP is reportedly scrambling to avoid dissolution by reaching out to King & Spalding LLP about the possibility of taking over most of the struggling firm.

The New York-based firm, which has been hit hard by the financial meltdown, has been engaged in talks with King & Spalding for the past few months, and the firms are looking to come to an agreement by the end of year, according to a Thursday report by Legal Times citing sources familiar with the discussions....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.