Holden Day Wilson Explained

Holden Day Wilson LLP
Company Type:Limited Liability Partnership
Dissolved:1996

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.

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.[1] In 1990, the firm merged with the prominent firm of Holden, Murdoch and renamed itself Holden Day Wilson.

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.[2] 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.

In 1996, the firm closed permanently amid controversy over unpaid bills.[3] Until the closing of Goodman and Carr in 2007, it was the largest law firm failure in Canadian history.[4]

Notes and References

  1. Book: Moore, Christopher. The Law Society of Upper Canada and Ontario's Lawyers, 1797-1997. 3 February 1997. University of Toronto Press, Scholarly Publishing Division. Toronto. 0802041272. 311–312.
  2. News: Crosariol. Beppi. When partnerships are a fragile business. 6 February 2014. The Globe and Mail. 13 December 2006.
  3. News: McMahon. Kirsten. Goodman and Carr closing its doors. 6 February 2014. Law News Times. 19 March 2007.
  4. News: Jaquie . McNish. Law firm Goodman and Carr shutting down. The Globe and Mail. 14 March 2007. 2011-09-08.