Wow! I was quite surprised when I read this article. Goodman and Carr LLP, which once reigned as one of Canada's top tax and real estate law firms, is closing its doors after suffering a steady exodus of partners.
The Toronto firm's partners voted to disband the mid-sized practice of about 90 lawyers at a meeting in its downtown head office Tuesday night, marking what is believed to be Canada's largest law firm closing. I happen to know a number of lawyers at the firm.
It seems that after merger talks with Chicago-based Baker & McKenzie failed last month, some senior partners began to explore moves to other firms. This triggered some panic and a vote to disband. The firm reached a high of 140 lawyers in 2004.