Heller Ehrman's fate echoes Brobeck's collapse

Dissolving is just the first step; liability for firm's costs a quandary.

, The National Law Journal

The dissolution of Heller Ehrman revives lessons learned from the rapid collapse five years ago of another San Francisco law firm, Brobeck, Phleger & Harrison, whose partners faced liabilities for the firm's debt and lease obligations and numerous lawsuits. In many respects, Heller's past months have resembled Brobeck's last days: More than 50 partners have left in recent months, and merger discussions failed. The prospects for Heller's remaining 550 lawyers, who are spread throughout 14 offices, look bleak.

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