Just six weeks after moving to larger offices in Irvine and less than a year after substantially increasing its local staff, the Orange County branch of a major national law firm has decided to pull out of the county.
The Nov. 17 closure of the branch of Finley, Kumble, Wagner, Heine, Underberg, Manley, Meyerson & Casey will be the first time in at least two decades that a large Orange County law office has shut its doors, according to one longtime attorney in the county.
Finley, Kumble had 16 full-time attorneys at the Irvine office.
The branch's demise, announced last week, was caused by several factors, including its inability to pull in enough clients to support a 16-attorney staff and its inability to recover the costs of its rapid expansion this year.
Partner Steven Kray--who reopened the branch two years ago after a four-attorney office failed in late 1981--said the office had cash receipts of $2 million to $3 million annually. To meet its 1986 budget, the office would have needed to double its business or collect an additional $1 million in revenue before Jan. 31, the close of its fiscal year, he said.