Lord Day & Lord - Dissolution

Dissolution

It unraveled in October 1994 amid mounting partner defections and discord. At the time of dissolution it employed 125 lawyers. About 50 attorneys joined the New York office of the Philadelphia-based law firm Morgan, Lewis & Bockius. The firm had been buffeted by partner departures and declining revenues while it still had the large commercial office rent of $6 million per year for its offices at 1675 Broadway.

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