Heenan Blaikie Explained

Heenan Blaikie LLP
Type:Limited liability partnership
Foundation:1973
Dissolved:2014
Location:Montreal, Quebec, Canada
Industry:Law firm
Services:Legal advice
Homepage:heenanblaikie.com

Heenan Blaikie LLP is a defunct Canadian law firm. It practiced in the areas of business, labour and employment, litigation, taxation, entertainment law and intellectual property law.[1] The firm was founded in 1973 by Roy Heenan, Donald Johnston, and Peter Blaikie.

Based in Montreal, at one time the firm had over 500 lawyers at offices in Toronto, Ottawa, Calgary, Vancouver, Victoria, Quebec City, Sherbrooke, Trois-Rivières and Paris,[2] [3] with a representative office in Singapore[1] [4] [5] and a satellite office in Los Angeles. As of February 2011, it was the sixth largest law firm in Canada.[5] It became the largest law firm to close in Canadian history after its partners voted to dissolve the firm on February 5, 2014.[6] [7] The firm closed on February 28, 2014.[8]

History

The firm was founded in 1973 by Roy Heenan, Donald Johnston, and Peter Blaikie as Johnston Heenan Blaikie. After Johnston left to become a Member of Parliament in 1978, the firm was renamed Heenan Blaikie.

The firm was one of the first to expand across Canada in the 1970s, helping pioneer the concept of national law firms. It also established a reputation as the landing ground for former Prime Ministers: both Jean Chrétien and Pierre Trudeau joined the firm after their respective political careers ended.

The firm had billings of $222 million and a profit of $75 million for 2013, its last full year of operation.[9]

Closure

At one point the home of over 500 lawyers, the firm began to suffer financial trouble in 2013. Hurt by falling revenues from a drop-off in business from resource companies,[10] the opening of a Paris office at a time the economy was struggling there, and the end of several major cases at the same time,[11] the firm announced a drop in income per partner of 10 to 15 percent. The managing partners suggested two options, either a major downsizing of the firm, or a restructuring that could split up the Montreal and Toronto offices. One week later, the firm faced a rash of defections, with nearly 30 senior partners exiting for more profitable firms.[12]

While the firm was still profitable, Heenan suggested the loss of trust as the problem as the firm was recently torn apart by "infighting and clashing visions". After Heenan retired as chairman in 2012, a successor was not chosen to keep the firm unified and tensions between the Montreal and Toronto offices grew.[9]

The firm's partners voted on February 5, 2014, to start the orderly dissolution of the firm. It was the largest law firm dissolution in Canadian history, surpassing the previous record set by Goodman and Carr in 2007. On February 28, 2014, the firm closed, leaving a skeleton crew of support staff to wind down the firm's operations over the next few months.[8]

Work

At the international level, Heenan Blaikie was counsel to the Canadian Employers Council, an organisation that represents Canadian employers at the International Labour Organization (ILO). Heenan Blaikie was also the Canadian member of the National Workers' Compensation Defense Network (NWCDN), an organization of independent law firms in the United States and Canada with an established workers' compensation practice and experience in defending employers and insurance companies in workers' compensation and related actions.

In addition to its European and Asian presence, its Paris office served as a foray into the African market.[2] However, the firm's activities in Africa garnered controversy, as its endeavours there included a working relationship with Ari Ben-Menashe, from whom the firm tried to distance itself.[13] [14] According to Jean-Francois Mercadier, "partners started to lose any kind of faith in the management of the firm", which resulted in the company's collapse.[15]

Past notable lawyers and alumni

External links

Notes and References

  1. Web site: Heenan Blakie LLP . https://archive.today/20130118143536/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1833271 . dead . January 18, 2013 . Bloomberg Businessweek . 2011-11-18.
  2. News: Heenan Blaikie Gets 4 Norton Rose Partners . Law Times . Thomson Reuters Canada Ltd. . 2011-01-17 . 2011-11-20 . dead . https://web.archive.org/web/20110810100129/http://www.lawtimesnews.com/201101178182/Inside-Story/Monday-January-17-2011 . 2011-08-10 .
  3. News: Canada's Heenan Blaikie bulks up in Paris . Joanne Harris . Centaur Media plc . 2011-09-02 . 2011-11-20.
  4. Web site: David J. Bilinsky . Simon Chester of Heenan Blaikie Answers 30 Questions . thoughtfullaw.com . 2009-09-08 . 2011-11-18.
  5. News: Largest law firms in Canada . Michael McKiernan . Law Times . Thomson Reuters Canada Ltd. . 2011-02-27 . 2011-11-18 . dead . https://web.archive.org/web/20111104202835/http://lawtimesnews.com/201102288269/Headline-News/Largest-law-firms-in-Canada . 2011-11-04 .
  6. News: Storied law firm Heenan Blaikie sunk by a shifting legal landscape . Mcfarland . Janet . Gray . Jeff . . Thomson Reuters Canada Ltd. . 2014-02-05 . 2014-02-05.
  7. News: Heenan Blaikie partners vote to wind up operations. February 5, 2014. Financial Post.
  8. News: Heenan Blaikie closes its doors . Madhavi Acharya-Tom Yew . Toronto Star . 2014-02-27 . 2014-03-07.
  9. News: How the Heenan Blaikie law firm collapsed . The Toronto Star . 8 February 2014 .
  10. News: Canadian Law Firm Heenan Blaikie Plans Restructuring Amid Defections. February 3, 2014. The Wall Street Journal.
  11. News: Bay Street watches as Heenan Blaikie tries to regroup. February 3, 2014. Canadian Lawyer Magazine. February 6, 2014.
  12. News: New Vancouver law firm rises from ashes of Heenan Blaikie. February 5, 2014.
  13. News: The long reach of Ari Ben-Menashe . Brian Hutchinson and Graeme Hamilton . National Post . National Post/Postmedia Network Inc . 2011-11-11 . 2011-11-21.
  14. News: The unbelievable life of Ari Ben-Menashe . Brian Hutchinson . National Post . National Post/Postmedia Network Inc . 2011-11-18 . 2011-11-21.
  15. News: How Heenan Blaikie's stunning collapse started with a rogue African arms deal National Post. Hutchinson. Brian. 2014-02-15. National Post. en-CA. 2020-02-11.
  16. Book: English, John . 2009 . Just Watch Me: The Life of Pierre Elliott Trudeau, Volume Two: 1968-2000 . Toronto . Random House . 9780676975246 . registration .
  17. News: Jean Chrétien . CBC . 2009-07-13 . 2011-11-18.
  18. Web site: Michel Bastarache, C.C., Q.C. – CazaSaikaley. en-CA. 2019-03-15. 2021-01-24. https://web.archive.org/web/20210124190840/http://www.plaideurs.ca/en/the-firm/michel-bastarache-c-c-q-c/. dead.
  19. News: Marcel Aubut heads 30-lawyer team moving to BCF from Heenan Blaikie . Financial Post. 10 February 2014 . Hasselback . Drew .
  20. News: Heenan Blaikie lawyer takes aim at replacing Bev Oda in Parliament . Precedent magazine . 2011-07-05 . 2020-09-09.