Howrey partners have voted to dissolve the 55-year-old firm, effective March 15, the firm announced in a press release issued after the decision Wednesday.

“The firm had experienced disappointing financial performance over the past two years and subsequently several partners had resigned,” firm chairman and CEO Robert Ruyak said in a statement. “This resulted in the conclusion that an orderly wind down of the firm’s activities over time was the only practical alternative.”

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