The End Of An Era: Stroock Dissolves After Nearly 150 Years
RIP, Stroock. The firm's winddown is now complete.
RIP, Stroock. The firm's winddown is now complete.
Former Stroock partners would love to know if they're going to receive a distribution of capital as part of the firm's wind-down process. Their wallets are waiting...
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Hogan Lovells is in a New York state of mind, and the elite firm wants as many lawyers as possible to join its Manhattan office.
Before long, Stroock will be just a memory, and all of its attorneys will have lateraled away from the troubled firm.
Partner? Partner.
Stroock staffers are now facing layoffs amid an uncertain employment market, and say they were left to fend for themselves during the firm's troubles.
Legal teams ask a practical question. If large language models are so capable, why does legal AI still depend on curated content, and why does surfacing that content matter so much?
The group of lateral partners from Stroock includes many who held leadership roles. More partners may join Hogan Lovells in the future.
In its WARN Act notice, Stroock lists a January 2024 date as the time of its official New York office closure.
Were you ever 'awe-Stroock' by Stroock & Stroock?
* Donald Trump set to testify in New York. Be there, will be wild. [Reuters] * Stroock files notice that it's laying off roughly 140 people in New York. [Bloomberg Law News] * The administration's antitrust push hasn't netted all the results one might've hoped, but Lina Khan's tenure at the FTC may have some knock on effects as law students embrace antitrust work. [Politico] * More firms are condemning senior associates to a holding pattern. [American Lawyer] * Defamation filings are on the rise and it's a real, shall we say, SLAPP in the face. [ABA Journal] * It's Pro Bono Week in the UK -- the sort of annual recognition of good works that frightens and confuses Americans. [LegalCheek] * NCAA faces billions in damages after feasting at the free labor trough for decades. [Law360]
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Stroock took a tumble over the last few decades.
Get out before the dissolution, Stroock partners, because your money depends on it.
Here's why Stroock will do anything it can to stay away from bankruptcy.
This mess started when the firm lost its bankruptcy group, and now the firm doesn't want to end up in bankruptcy.
The firm knew of these plans since last week.