Stroock Goes Bust: Big Law Firm to Wind Down After Departures

New York’s Stroock & Stroock & Lavan is going out of business after exits gutted the law firm and merger talks with competitors fell through.

The firm’s partners have already voted to dissolve the firm, co-managing partners Jeff Keitelman and Alan Klinger said in an internal email Monday. Stroock’s executive committee will implement that plan, the pair said in the email.

Roughly 30 partners in the Manhattan law firm’s vaunted real estate practice are bolting for Hogan Lovells. That cut Stroock’s remaining partnership ranks roughly in half.

News of the mass exit came one day after Stroock and Pillsbury Winthrop ...