BizJournals Portfolio

Recent Blog Posts

Oct 10 2008 5:25pm EDT

End Comes Early for a Law Firm

Heller Ehrman has officially sunk. When last we wrote about the law firm, management had sent emails warning employees that everyone needed to show up for work as it moved toward a planned November 28 winding down of its operations.

But an email from management to employees, sent out earlier today, informed everyone that TODAY was in fact the last day.

How do lawyers break such news to their underlings? "It is with a great deal of regret that we write to inform you that we will not be able to pay you for work performed after today, Friday October 10, and, as a result, that your employment with the firm will be terminated today."

The email explains that the nosedive was forced upon the firm by two banks, Citigroup and Bank of America, which control the law firm's ability to make payments. "Generally, they have refused to pay employees who we cannot convince them are necessary (as they define it) for the wind down efforts."

The email goes on to say, "We understand how upsetting this news is," and then thanks the staff for its 'professionalism and forbearance to date" and asks for the same in the future. Signed, "The Dissolution Committee."

Weirdly, the official Heller site contains no information whatsoever on the sinking of the ship. The top news there is Heller's earning of a top diversity ranking for the third consecutive year.

When the firm voted to dissolve, several nearby watering holes extended happy hours for Heller employees. Let's hope they do the same this evening.

Karen Donovan


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More