The former Wolf, Block, Schorr & Solis-Cohen will dissolve:
Hit hard by defections of top lawyers and tight credit markets, partners at Wolf Block voted this afternoon to disband the 106-year-old law firm, a Philadelphia institution that for generations played a central role in the city's civic, legal and governmental affairs.
The decision was made during an emotional partners meeting at the firm's Center City offices. Lawyers from offices in other cities were video-conferenced in.
That's unbelievable. How terrible for the staff and associates.
Like many other firms, Wolf Block had been hit by a sharp fall-off in revenue as credit markets seized last fall and the housing market collapsed. But the firm also had been plagued with defections by top fee generators and faced further defections in the coming months. ...
Little more than a year ago, several of the firm's top litigators left to join the Center City firm of Hangley, Aronchik, Segal and Pudlin. That departure and others over the years tended to underscore Wolf Block's reputation as a firm wracked by internal discord.
I can confirm the discord, but always thought that was a feature, not a bug, at a idiosyncratic place like Wolf.
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