No Easy Answers in Wolf Block’s Demise
The legal community has been speculating about the “why” behind Wolf
Block’s collapse. Some point as far back as 1985, when Howard Gittis
left as leader of the firm, as the start of the downfall. Others cite
partner defections in the 1990s, a heavy reliance on its real estate
practice, two failed merger attempts, or a lack of leadership in the
last year. Chairman Mark L. Alderman said there is no question that in
any other economy or any other credit environment, the dissolution would
not have happened.