HOLLAND & KNIGHT’S enormous growth of recent years, including its acquisition of two New York law firms, has cut deeply into profits and led to “unrest among the equity partners and general concern about the survival of the firm at all employee levels,” according to an internal memo addressed to the Tampa-based firm’s management.
In a Jan. 21 memo addressed to firm managing partner Robert R. Feagin III and obtained by the Miami Daily Business Review, an affiliate of the New York Law Journal, McLean, Va.-based litigation partner Martin J. Jaron Jr. warned that the firm would see numerous departures if it did not take steps to address falling profitability.
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