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: Law Blog - WSJ.com

Report: Heller Ehrman Looking at Dissolution

By Dan Slater

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hellerHeller Ehrman is on the eve of dissolution. Tomorrow, reports the Recorder, Heller partners will vote to dissolve the firm.

At a meeting this afternoon, Heller Chairman Matthew Larrabee told all attorneys and staff that dissolution is unavoidable and that the partnership is expected to vote to voluntarily dissolve, for which a two-thirds vote is reportedly needed.

He reportedly described the dissolution of the firm as a tragedy for the entire legal industry and, after about ten minutes, turned the meeting over to partners in each of the firm’s offices for in-person question-and-answer sessions.

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.

Full post as published by Law Blog - WSJ.com on September 25, 2008 (boomark / email).

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