Boston, Mass. (January 14, 2005) — LAWFUEL – The Law News Network – At a meeting held this morning, the partners of Testa, Hurwitz & Thibeault, LLP reached a decision to wind up the business of the Firm and, ultimately, to dissolve it.
In making the partner vote announcement, Managing Partner George Davitt said, “A law firm such as ours, although prominent, profitable and filled with talented lawyers is – like any professional services organization – knit of a fabric that, if stretched too thin, can unravel.”
In early December, 10 partners decided to leave the Firm, having found opportunities elsewhere that they considered more attractive than continuing at Testa. Although the Firm conducted merger discussions with a number of suitors during the past several weeks, many partners ultimately decided that they preferred other opportunities. This week the partnership recognized that the fabric that had held the Firm together for more than 30 years would no longer hold.
Davitt added, “The decision reached today and the steps we will take in the days and weeks ahead reflect our belief that it is in the best interests of our clients to dissolve the Firm and to wind up its business in a responsible and orderly manner. Our goal is to ensure that there is no interruption in service to our clients and to assist with the smooth transition of our people, our practices and our clients to other firms.”