In an exciting development for lonely male structured finance lawyers, US firm Thacher Proffitt has recruited a former Playboy model to join its structured finance group.
The lawyer bared all back in 1999 while she was at university but has now joined the firm as an associate. However, she may yet be grateful for another career to fall back on: this week the firm warned 24 of its structured finance and real estate associates that they are likely to be laid off in the New Year.
Managing partner Paul Tvetenstrand (try saying that after a couple of pints) blamed the lay-offs on the slow market following the credit crunch. Putting a brave face on the news, he claimed that it would be “unfair” on the associates for them to keep their jobs as that would mean “putting their careers on hold”. RollOnFriday suspects the unfortunate associates might not see it that way.
Tvetenstrand declined to comment on whether or not he had previously had a modelling career.
In addition to the likely layoffs, TPW is encouraging first-year associates to depart voluntarily. But is giving them an ex-Playmate for a colleague likely to encourage associate attrition? We have our doubts.
Thacher Proffitt recruits Playboy model [RollOnFriday.com]
Earlier: Nationwide Layoff Watch: Thacher Proffitt Announces Likely Future Layoffs