Rumor is that, barring miracles, the entire firm is shutting doors as of the end of June. A rescue merger apparently was tanked by the Dallas partners, which seems odd because Dallas was probably the worst money-loser in the firm.
There was an article in the Recorder
http://www.law.com/regionals/ca/ earlier this week, but I haven't seen anything else surface.
Edited to add that the link doesn't go to the article - if anyone has a better link, please post. -TL 
