Keys To Protecting Clients During Law Firm Dissolution

By John Schmidt and Colin Fitzgerald (February 23, 2021, 5:30 PM EST) -- In recent years, several notable firms have closed their doors, including some of the profession's biggest names, such as Dewey & LeBoeuf LLP, Heller Ehrman LLP, LeClairRyan PLLC and Howrey LLP, as well as Cellino & Barnes PC, which reached a deal to wind down last year.

Some would say that the typical law firm business structure and the increasing mobility of lawyers have made law firms particularly susceptible to the travails of business divorce,[1] while others might say that it's just our personalities.

Whether a law firm dissolution is amicable or adversarial, the process can be complex, with many ethical,...

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