Stroock offices. (Photo: Diego M. Radzinschi/ALM) New York Firm Stroock & Stroock & Lavan Plans to Dissolve After Merger Talks Fail
Whether the firm lands in bankruptcy is unknown at this point, sources said, as Stroock will be dealing with both preferred and non-preferred creditors. Its full liabilities are still unclear.
October 31, 2023 at 04:23 PM
3 minute read
The original version of this story was published on The American Lawyer
Stroock & Stroock & Lavan is planning a dissolution after months of protracted merger talks with multiple law firms and exits of lateral groups, according to sources and a firm email.
Hogan Lovells agreed last week to hire more than 30 Strook partners, leaving Strook with only a handful of partners. The dissolution process of the 147-year-old New York-based firm will begin once the partnership at Hogan Lovells approves the pending Stroock hires, according to sources familiar with the negotiations. Law.com has reported that the hires are subject to a partnership vote at Hogan Lovells set to close on Tuesday, Oct. 31.
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