New York law firm Stroock to dissolve after 147 years
A boardroom is seen in an office building in Manhattan, New York City, New York, U.S., May 24, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights…
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A boardroom is seen in an office building in Manhattan, New York City, New York, U.S., May 24, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights…
This mess started when the firm lost its bankruptcy group, and now the firm doesn't want to end up in bankruptcy.
Stroock & Stroock & Lavan LLP's management intends to dissolve the firm in the near future following a partner vote on the plan last week, Law360 Pulse confirmed on Tuesday. The plan means the end of the 147-year-old New York-based firm, but it follows more than a year of a trickle, and at times a torrent, of departures and unsuccessful merger talks.
Partners at Stroock & Stroock & Lavan have authorized a dissolution of the law firm “at the appropriate time,” according to an internal firm email obtained by Law.com.
The firm knew of these plans since last week.