The partners of 106-year-old Philadelphia-based law firm WolfBlock LLP last week voted to dissolve their partnership and unwind the business, the firm announced.

The firm, with a core real estate practice, cited the economic recession, the difficult credit conditions, and the anticipated departure of key partners and practices as its reasons for dissolving the firm. The firm said it will work over the upcoming months to "protect the interest of its clients, employees, and creditors."

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