Hogan Lovells and Cadwalader Announce $3.6bn Merger
Hogan Lovells and Cadwalader are set to merge in a record $3.6 billion deal, marking a significant event in the legal industry.
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End of an Era: Stroock Law Firm Dissolves After 147 Years
Stroock & Stroock & Lavan, a prominent U.S. law firm founded in 1876, has voted to dissolve after experiencing a series of lawyer departures and failing to secure a merger with a larger firm. The firm's remaining partners have authorized its executive committee to proceed with the dissolution, which will be implemented in the near future. Stroock has struggled to compete with other highly-profitable firms and has lost significant teams of attorneys to rival firms. More than 30 partners, including members of Stroock's real estate team, are set to join Hogan Lovells. The dissolution process will commence once the Hogan Lovells transaction is finalized.
Stroock Law Firm Faces Uncertain Future as Hogan Lovells Poaches Over Half of Its Partners
Stroock & Stroock & Lavan, a law firm facing financial difficulties, has lost over half of its partners to Hogan Lovells in a mass lateral move, including its real estate team and co-managing partner. This significant loss of partners raises concerns about the future of Stroock, as it struggles to find a suitable combination and faces bleak prospects. While Hogan Lovells sees this as an opportunity for growth, the departure leaves Stroock in a challenging position, with uncertainty about the number of partners remaining.