Another major law firm to collapse

A confidential source cited by the Legal Post says Deloitte has studied the Canadian law industry and concluded a major Canadian law firm will bite the dust this year.

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The source doesn’t name which firm is predicted to go bust, but does say that it’s Toronto-based and nation-wide. Deloitte wouldn’t comment on the study, the LP reports.

The unnamed firm would be the second to close, joining Heenan Blaikie, which announced it would disband in February.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.