Network Firm News
Chicago's Altheimer & Gray Preparing to Dissolve
News Emphasizes Importance of a Strong Litigation Practice
New York Lawyer -- June 30, 2003
The 99-year-old 301-lawyer firm with 2001 PPP of $580K announced Friday its executive committee had recommended dissolution because of a downturn in corporate transactions (3/4 of firm's revenue).
In unrelated news, earlier this year, Boston-based Testa Hurwitz announced that it was laying off 34 associates due to the slowdown in corporate work.