After Losing 20 Lawyers Since March, Venerable Calif. Firm Plans to Close
After losing more than 20 lawyers since March, the second-largest law firm in California’s state capital plans to close its doors, perhaps as early as Labor Day.
Although there are presently about 80 lawyers still on the McDonough Holland & Allen attorney roster, the prospect of more departures has forced the Sacramento-based firm to close, officials said today. Among those whose departure is imminent is former managing partner Jeffry Jones, who is expected to announce a move next week, reports the Sacramento Business Journal.
“During the last few months, it has become clear that, for a variety of reasons, some attorneys and attorney groups are interested in moving in different directions and the firm, as currently organized, will no longer be viable for the long-term,” CEO Ed Quinn said in a news release.
However, the firm’s attorneys will continue to practice as usual in the meantime and clients will not be adversely affected, he said.
In business for more than 56 years, the McDonough firm had been suffering from declining revenue. It laid off 16 percent of its support staff in 2006 and four associates and 13 staff in May 2009, as detailed in earlier ABAJournal.com and Sacramento Business Journal articles.
Additional coverage:
Sacramento Business Journal: “McDonough struggles to keep lawyers”
