So while I would have wanted to comment about this crazy story of the day (h/t ATL), I have to think about what the collapse of HB means here in Canada. Liberal party hacks operatives now no longer have a firm to call their own. Yes, of course, most of Bay Street law firms are Liberal-friendly, but HB was the real deal. Now law students, who were used to relying on their party credentials to get biglaw jobs, will have to figure out where the descendants of HB have all landed. One resume no longer suffices.
But all kidding aside, it is a bit odd to see this happen here. I would have thought that if this were to have happened, it should have happened by now. It doesn't seem to have happened due to unsustainable expansion (or did it?). Will more of this happen in the future? Is this a result of all the new brandings taking place resulting from international mergers (e.g. Dentons, Norton Rose etc.) exerting competitive pressures to either expand or shrink? And really, where will students find articles now?