Magazine article American Banker

Industry Law Firm Thacher, WTC Tenant, Moves to 42d St

Magazine article American Banker

Industry Law Firm Thacher, WTC Tenant, Moves to 42d St

Article excerpt

Exactly a week after its offices collapsed with the rest of the World Trade Center, a prominent law firm serving the financial services industry was back on its feet at a new location in midtown Manhattan.

"Now that all of our employees are accounted for and safe, our first priority is continuing to serve our clients," said Jack Williams, a managing partner with Thacher Proffitt & Wood. "Our first impulse was to get going again."

Once top officials of the firm knew that their 300 employees on the 38th, 39th, and 40th floors of the south tower had escaped, they swung into action. The partners were on the telephone discussing how to get back to business the very day of the tragedy, said Jerry Comizio, the managing partner in the Washington office.

"What struck me was the unbelievable can-do spirit of the New York office," Mr. Comizio said.

Mr. Williams said that, after Thacher Proffitt's 12 million square feet of prime office real estate was obliterated in hours, it was not easy to find suitable accommodations on the fly. Some lawyers worked directly from the offices of clients such as Hudson City Savings Bank in Paramus, N.J., and Immigrant Savings Bank in New York last week, while officials of Thacher Proffitt found a lease in a 32-story building at 11 W. 42nd St., between Fifth Avenue and Sixth Avenue.

"We're taking a break from marquee tall buildings," Mr. Comizio said. "The offices on 42nd Street are very nice, but it's a nondescript building."

Mr. …

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