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.
Heller Ehrman's fate echoes Brobeck's collapse
The National Law Journal
September 29, 2008
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