Holden Day Wilson LLP was a law firm in Toronto, Ontario, Canada. When it closed in 1996, it was the largest law firm failure in Canadian history.[1][2]
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History
The firm was founded in the early 20th century as Day, Wilson, led by founding partner Jimmy Day's expertise in the incorporation of mining companies.[3] In 1990, the firm merged with the prominent firm of Holden, Murdoch and renamed itself Holden Day Wilson.[3]
In 1993, one of its partners, Garry Hoy, died after throwing himself against a glass window of its downtown Toronto-Dominion Centre office, in a playful attempt to demonstrate the strength of the window. The window frame gave way and Hoy fell to his death from the 24th floor.[1] The shock of losing one of its most successful lawyers was a contributing factor in the firm's decline and fall, and the firm lost nearly 30 lawyers in the following three years.[1]
In 1996, the firm closed permanently amid controversy over unpaid bills.[1][4] Until the closing of Goodman and Carr in 2007, it was the largest law firm failure in Canadian history.[1][2]
References
- ^ a b c d e Crosariol, Beppi (13 December 2006). "When partnerships are a fragile business". The Globe and Mail. Retrieved 6 February 2014.
- ^ a b McNish, Jaquie (14 March 2007). "Law firm Goodman and Carr shutting down". The Globe and Mail. Retrieved 2011-09-08.
- ^ a b Moore, Christopher (3 February 1997). The Law Society of Upper Canada and Ontario's Lawyers, 1797-1997. Toronto: University of Toronto Press, Scholarly Publishing Division. pp. 311–312. ISBN 0802041272.
- ^ McMahon, Kirsten (19 March 2007). "Goodman and Carr closing its doors". Law News Times. Retrieved 6 February 2014.
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This page was last edited on 5 February 2024, at 16:51