UnderGround Forums
 

LegalGround >> heller ehrman dissolving


9/25/08 5:18 PM
Ignore | Quote | Vote Down | Vote Up
goku
Send Private Message Add Comment To Profile

Member Since: 8/6/08
Posts: 337
 
craziness...havent been following, but i dont get what happened exactly as i read their revenues will be basically the same as last year...were they that reliant on credit?

Heller Ehrman partners will vote to dissolve the firm on Friday.

The news was announced by Chairman Matt Larrabee at a meeting that began at 1 p.m. Thursday, according to a Heller staffer attending the meeting.

Larrabee told all attorneys and staff that dissolution is unavoidable and that the partnership will voluntarily dissolve. Staff will be paid on Friday, Larrabee said, and indicated that under the federal WARN Act, associates and staff would be paid for the next 60 days. A small group of staff would remain beyond that date to handle the winding down of the firm's business.

Serious questions about the 118-year-old firm's ability to survive were raised at the beginning of last week when merger talks with Mayer Brown collapsed and a group of 14 intellectual property partners announced they were leaving the firm.

As recently as 2004, Heller ranked second on The American Lawyer's A-list, a ranking of firms based on a variety of factors such as profitability, pro bono representation, associate satisfaction and diversity ratings.
9/25/08 9:51 PM
Ignore | Quote | Vote Down | Vote Up
east
20 The total sum of your votes up and votes down Send Private Message Add Comment To Profile

Member Since: 11/26/03
Posts: 2212
 This is some really scary stuff.  What a time to be starting as a junior associate!
9/26/08 12:03 PM
Ignore | Quote | Vote Down | Vote Up
goku
Send Private Message Add Comment To Profile

Member Since: 8/6/08
Posts: 348
no kidding...i can only imagine what their incoming class is going through...
9/29/08 1:38 PM
Ignore | Quote | Vote Down | Vote Up
seg
63 The total sum of your votes up and votes down Send Private Message Add Comment To Profile

Member Since: 3/28/05
Posts: 6350
 Holy crap, they have a branch office two floors below me.  They've got some hot female associates, maybe I can get lucky.
10/2/08 12:39 PM
Ignore | Quote | Vote Down | Vote Up
Steve72
19 The total sum of your votes up and votes down Send Private Message Add Comment To Profile

Member Since: 1/1/01
Posts: 53309
 wow.


Reply Post

You must log in to post a reply. Click here to login.