Dissolution
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Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Lateral Moves, Musical Chairs, Partner Issues, Tax Law
Dewey Have Room For Incoming Associates? Or Overseas Offices?
What is Dewey going to do with incoming associates from the class of 2012? And will it hold on to its foreign offices? -
Biglaw, Dissolution, Money, Partner Issues, Partner Profits
Make It Rain or Make Way
If you think that making partner is like winning the Biglaw race, you haven’t actually been paying attention to what’s been happening to partners over the past few years. Sure, Biglaw partnerships overall are enjoying higher profits now than they were during the darkest days of the recession (while associate salaries remain stagnant, of course). […] - Sponsored
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Biglaw, Dissolution, Football, Kids, Law Professors, Morning Docket, Pregnancy / Paternity
Morning Docket: 11.08.11
* “The most valuable assets of a law firm go home every night.” If only Biglaw firms realized that prior to dissolution, we’d probably have a lot more happy partners and associates. [WSJ Law Blog] * If we can’t deregulate the legal profession, then what can we do to improve it? One law professor suggests […]
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Bankruptcy, Biglaw, Dissolution, Howrey LLP, Musical Chairs, Partner Issues
Musical Chairs: Robert Ruyak, Ex-Chairman of Howrey, Finds a New Home
One of the most colorful characters in the saga of Howrey LLP, the once-thriving law firm that dissolved this past March, was Robert Ruyak, former chairman of the firm. Alas, many at Howrey found Ruyak's leadership to be less than inspiring, but yesterday brought news that Ruyak has found a new professional home. Where's he going? -
Deaths, Dissolution, New Jersey, Small Law Firms
Size Matters: Eulogies
If we can learn from the loss of a loved one or the end of an era, we can likewise learn from the “death” of a small firm. To those small firms still alive, take this opportunity to reflect on your firm’s past, present, and future. Do not wait until your own funeral to take stock and learn your lessons.... -
Biglaw, Dissolution, Heller Ehrman
Former Heller Ehrman Employees Will Finally Get Paid. Kind Of.
Heller Ehrman announced its dissolution in September of 2008. The firm was required to give employees 60 days paid notice under the WARN act, but they couldn’t even get that right. Many associates and staff had their pay terminated before their 60 days were up. And many more employees were not compensated for their unused […] -
Biglaw, Citigroup, Dissolution, Howrey LLP, Weirdness
Dead Firm Billing: Howrey Going to Keep Doing Business?
Although it officially passed away back in March, when its partners voted for dissolution, the law firm of Howrey LLP continues to twitch in its grave — or maybe even step out of its grave and walk around a bit, like a zombie from a horror flick. Howrey continues to have a presence on Twitter, […] -
Non-Sequiturs
Non-Sequiturs: 04.12.11
* The oldest continually operating law firm in Austin, Clark Thomas & Winters, has gone the way of Howrey. [Austin American Statesman] * If you want to teach high schoolers about privacy, speak to them in a language they understand: embarrassment. [Kashmir Hill / Forbes] * Can a U.S. state prohibit pre-viability abortions based on […] - Sponsored
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Biglaw, Citigroup, Dissolution, Howrey LLP, Layoffs, Staff Layoffs
Howrey Going to Go On Without Bank Funding?Firm shutting down today, after Citi pulls plug.
Although Howrey LLP officially dissolved as a partnership as of March 15, some operations continued beyond that date. But at the close of business today, the firm is going into a more complete shutdown, due to a withdrawal of bank financing. “Last night, we received notice via email that Howrey is closing as of today, […] -
Dissolution, Midsize Firms / Regional Firms, Real Estate
Another Law Firm Dissolves. Do Bad Things Really Come in Threes?
Tomorrow, March 15, the end will finally come for Howrey. Later this month, the law firm of David J. Stern, formerly known as Florida’s foreclosure king, will shut its doors. This week, we’ve got another sizable law firm announcing its dissolution. Obviously not everybody is catching on to this economic recovery. While some firms are […] -
Non-Sequiturs
Non-Sequiturs: 03.11.11
* How lawyers in Tokyo were affected by the 8.9 magnitude earthquake that hit Japan. [Am Law Daily] * Former Judge Jack Camp gets 30 days in prison — even less time than Paris Hilton. That’s some weak sauce. [Atlanta Journal-Constitution] * An interesting account, by former Dealbreaker editor (and Skadden lawyer) John Carney, of […] -
Biglaw, Dissolution, Howrey LLP, Job Searches, Musical Chairs, Partner Issues
Howrey LLP, RIP: Partnership Votes to Dissolve
The partners of the law firm of Howrey LLP, founded in 1956, have voted to dissolve the existing Howrey partnership. The dissolution will take effect on March 15, 2011, according to a press release that was issued earlier tonight by the firm. The firm’s chairman and CEO, Robert Ruyak, has not been the most popular […] -
Biglaw, Dissolution, Howrey LLP, Job Searches, Musical Chairs, Partner Issues
Howrey Going to Vote on Dissolution?
Yes. The voting started today at 11:30 AM (Eastern time) and remains underway, according to Am Law Daily. We will keep you posted, either by adding updates to this post or publishing a new post. Meanwhile, the CEO (and poet laureate) of Howrey, Robert Ruyak, gave an interview to the Wall Street Journal about the […]
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Biglaw, Dissolution, Howrey LLP, Musical Chairs, Partner Issues
Howrey Going to Save the Winston Deal?
We’re hearing reports — not yet confirmed, so please take them with the proverbial grain (or shaker) of salt — that Winston & Strawn has rescinded some or all of its offers to partners of Howrey. The supposed catalyst for the collapse: antitrust star Sean Boland, who had been leading the talks on the Howrey […] -
Biglaw, Dewey & LeBoeuf, Dissolution, Howrey LLP, Law Firm Names, Musical Chairs, Partner Issues
Dewey Have Enough Partners to Mess Up the Winston / Howrey Deal?
As we mentioned in our last story on the embattled Howrey law firm, the remaining partners will vote this week on whether to wind down the 55-year-old shop. According to Am Law Daily, that vote is set to take place on Wednesday. For the past few weeks, Winston & Strawn has been waiting in the […] -
Biglaw, Dewey & LeBoeuf, Dissolution, Howrey LLP, Musical Chairs, Partner Issues
Howrey Kemosabe: Rivals Claim More Scalps, As Dissolution Vote Looms (Plus the Howrey haiku contest winners.)
Partners at the differently abled challenged Howrey law firm continue to leave the reservation in droves. Last night, Am Law Daily reported on the departure of antitrust litigatrix Roxann Henry. She’s joining Dewey & LeBoeuf, which has picked up a number of Howrey refugees (including Henry Bunsow, former vice-chairman of the firm). What’s next for […] -
Biglaw, Dissolution, Howrey LLP, Musical Chairs, Partner Issues, Sheppard Mullin, Summer Associates
Howreying for the Exits: More Partner Departures; Bootcamp Gets the Boot
The spinning of the revolving door at the beleaguered Howrey law firm is making our heads spin here at Above the Law. Keeping track of all the partner departures is becoming quite the challenge. We’ve collected some links about the latest partner defections, after the jump. At this rate, it’s not clear how many lawyers […] -
Biglaw, Dissolution, Howrey LLP, Partner Issues
Howrey Going to Bring This to a Close?
The Howrey saga rolls on. The story has been interesting to cover, since it involves some colorful characters and illustrates a number of trends that are reshaping the large-law-firm landscape (as noted in the recent Washington Post piece on Howrey). But at a certain point, we’re just going to want some closure on this story. […] -
Biglaw, Dissolution, Howrey LLP, Musical Chairs, Partner Issues
Howrey Going To Get Out of Here?
A report surfaced yesterday claiming that Howrey has now more or less given itself an end date: March 1, according to the report on Shark Tank Legal. Partners who have received offers to join Winston & Strawn are expected to accept them by March 1st. After that, Howrey will be in full dissolution mode. Even […] -
Bankruptcy, Biglaw, Dissolution, Howrey LLP, Law Firm Mergers, Musical Chairs
Howrey Going to Survive the Storm? Board the Winston Lifeboats, Leaders Urge
Accept your offers. It’s wise advice for 2Ls going through fall recruiting, and it’s wise advice for partners of the rapidly unraveling Howrey law firm, most of whom have offers to join Winston & Strawn. Last weekend, Winston made offers to a little over 75 percent of Howrey partners, with responses requested in 21 days. […]