Watching the Unwinding
If we needed a sobering reminder of how fragile law firms are, the current edition is McDonough Holland & Allen. McDonough is soon to be no more. And unless you had inside information, its demise comes as (yet another) shock. After all, McDonough is (or was) a great law firm, a place teeming with fine lawyers and great people, top to bottom. But a 55 year history, roots in Sacramento and a renowned public law practice were not enough to make McDonough immune from collapse. Another victim of the economic downturn, no doubt, and large scale lateral defections. What if anything will remain is uncertain. Not good.
