US firm McDonough Holland & Allen to close doors
McDonough Holland & Allen, the second-largest law firm in Sacramento - California's state capital - is planning to close down after losing over 20 lawyers since March. It seems that more departures are on the cards, and the firm, which has been in business for 56 years, has decided to throw in the cards.
The firm has seen declining revenue, and laid off 16 per cent of its support staff in 2006 and four associates and 13 staff in May 2009.
CEO Ed Quinn said “During the last few months, it has become clear that, for a variety of reasons, some attorneys and attorney groups are interested in moving in different directions and the firm, as currently organized, will no longer be viable for the long-term.”
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