Wolf Block law firm to dissolve

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South Florida Business Journal:: "The partners of Wolf Block voted Monday to dissolve the 106-year-old law firm due to a combination of effects of the recession on the firm’s core real estate practice, the constriction of credit and the anticipated departures of significant partners and practices. The firm said it would remain in business for several months to protect the interests of its clients, employees and creditors.

Proposed mergers with two 500-lawyer firms — Philadelphia’s Cozen O’Connor in 2007 and Florida’s Akerman Senterfitt in 2008 — fell through after lengthy, public negotiations. After the Akerman Senterfitt deal collapsed after Labor Day, Alderman said the firm would not entertain other merger possibilities until after its fiscal year ended on Jan. 31. Soon after the end of the fiscal year, when partners collect their year-end compensation, some of the firm’s partners began peeling off. "

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