Posted Mar 15, 2011 11:19 am CDT
The firm is Yoss, known as Yoss & Adorno before founding partner Henry “Hank” Adorno was suspended for his handling of a $7 million class action settlement. The Florida law firm was once the nation’s largest certified minority-owned firm.
Managing partner George Yoss announced in an e-mail to employees Friday that the firm will close March 31, the Daily Business Review reports in an article reprinted by the New York Lawyer. The Miami Herald and the South Florida Business Journal also have stories.
About 180 lawyers and at least 100 staffers will be laid off, a spokeswoman told the South Florida Business Journal. The Am Law Daily reports, however, that 124 lawyers were listed in the firm’s web directory.
In the e-mail, Yoss noted “extremely difficult times for the firm.”
“After meeting with the bank and evaluating the firm’s status and financial position, the decision was made to wind down its operation,” Yoss said.