Howrey Law Firm Dissolves After Slow Bleed of Partners

Howrey, a big law firm known for its intellectual property practice, is set to fold on Tuesday after its partners voted overwhelmingly on Wednesday to dissolve their practice.

The decision surprised no one, since the vote follows months of defections from the firm, as Howrey grappled with a rapidly declining business; its 2009 revenue plummeted more than 16 percent to $480 million, according to The American Lawyer.

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