And once again, more chaos for our courts…

The firm released the following statement to employees Monday morning:

As we are sure you are aware, these have been extremely difficult times for the firm. Over the past few months we have been dealing with many issues that have had a negative impact on the firm’s ability to continue. After meeting with the Bank and evaluating the firm’s status and financial position the decision was made to wind down its operations.

Accordingly we are giving to each of our employees the following notice:

It is anticipated that the firm will continue to provide legal services to its clients and will continue to conduct its regular business through March 31, 2011. Effective March 31, 2011, the firm will permanently close most of its facilities and will cease to provide legal services and will begin winding down operations. We hope to accomplish this with the least possible disruption to the lives of our employees, our clients and the community.

With the exception of several employees needed for the wind down period all employees of the firm will be laid off between now and March 31, 2011.

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