Parker Chapin Flattau & Klimpl was a New York City

New York City

New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

-based law firm

Law firm

A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other...

 that practiced from 1934 to 2001, when it merged with Dallas-based Jenkens & Gilchrist

Jenkens & Gilchrist

Jenkens & Gilchrist, P.C. was a Dallas-based law firm. It was founded in 1951 as Jenkens & Bowens to service the various businesses controlled by Clint Murchison, Jr.. Another early client was the Dallas Morning News...

. It was a prominent mid-sized New York firm, often called a corporate and securities boutique because of its highly-regarded middle market securities practice which also embraced securities litigation and arbitration. Its securities clients, according to electronic filings with the Securities and Exchange Commission, included Sbarro

Sbarro

Sbarro is a bankrupt chain of pizza restaurants that specializes in traditional Italian cuisine, including its most popular menu item "pizza by the slice." Its headquarters is located in Melville, Huntington, New York.- History :...

, Sotheby's

Sotheby's

Sotheby's is the world's fourth oldest auction house in continuous operation.-History:The oldest auction house in operation is the Stockholms Auktionsverk founded in 1674, the second oldest is Göteborgs Auktionsverk founded in 1681 and third oldest being founded in 1731, all Swedish...

 and Logitech

Logitech

Logitech International S.A. is a global provider of personal peripherals for computers and other digital platforms headquartered in Romanel-sur-Morges, Switzerland. The company develops and markets products like peripheral devices for PCs, including keyboards, mice, microphones, game controllers...

.

Parker Chapin was also known for its close association with New York City municipal law and real estate developments within the city. The firm numbered some 125 attorneys when it merged with Jenkens & Gilchrist to rebrand under the name Jenkens & Gilchrist Parker Chapin. In 2005, the Parker Chapin partners defected to open a New York office for the Atlanta firm Troutman Sanders

Troutman Sanders

Troutman Sanders LLP, founded in 1897, is an international law firm with more than 600 attorneys located in North America and Asia.On January 2, 2009, the firm merged with D.C.-based Ross Dixon & Bell, keeping and operating under the name Troutman Sanders...

. Altogether some 90 attorneys made the move, though the office remained in the same location, in the iconic Chrysler Building

Chrysler Building

The Chrysler Building is an Art Deco style skyscraper in New York City, located on the east side of Manhattan in the Turtle Bay area at the intersection of 42nd Street and Lexington Avenue. Standing at , it was the world's tallest building for 11 months before it was surpassed by the Empire State...

. The New York partners had become disenchanted by the massive liabilities that Jenkens was experiencing stemming from its tax shelter

Tax shelter

Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments...

practice out of its Chicago office, which eventually led to the collapse of Jenkens.