Report: Heller Ehrman Looking at Dissolution

[WSJ_law_blog]

Heller 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.