Report: Yoss Firm Is Struggling After Admittedly 'Terrible' January, Has Laid Off Some Lawyers
After the suspension last year of its founding partner, Henry “Hank” Adorno, the Florida law firm now known simply as Yoss is struggling, the Am Law Daily reports.
It had a “terrible” January, managing partner George Yoss told the Daily Business Review, explaining that the firm was two weeks late with payments to partners because of delayed payments by some clients.
He also said a “handful” of lawyers and staff were laid off last week from its offices in Atlanta and Coral Gables, Fla. More layoffs are expected in Fort Lauderdale. this week, Yoss said.
The firm’s future is unclear, even Yoss admits. And ex-partner Mark Osherow, who is now at Katz Barron Squitero Fausto, says he “couldn’t afford to stay there not knowing when I was going to get paid.”
Earlier coverage:
ABAJournal.com: “‘Spectacular Fall’ for Name Partner Adorno, Now Facing Suspension for Class Action Settlement Role”
ABAJournal.com: “Citing Client Conflict, Yoss Litigation Chair Announces Plan to Lead 3-Lawyer Team to GrayRobinson”
