The legal community has been speculating about the "why" behind Wolf Block's collapse. Some point as far back as 1985, when Howard Gittis left as leader of the firm, as the start of the downfall. Others cite partner defections in the 1990s, a heavy reliance on its real estate practice, two failed merger attempts, or a lack of leadership in the last year. Chairman Mark L. Alderman said there is no question that in any other economy or any other credit environment, the dissolution would not have happened.
No Easy Answers in Wolf Block's Demise
The Legal Intelligencer
March 25, 2009