More than one law-firm-tracking FrontBurnervian has pointed out similarities between the situation at Jenkens & Gilchrist and another Dallas firm by the shorthand name of Vial Hamilton:
I heard a few days ago that almost 20 partners resigned from Vial, Hamilton the week before last, about half leaving to start another firm, with the remainder going to a variety of different places. I just looked at their website, and that doesn’t leave very many lawyers left to lawyer. As I recall, Vial, Hamilton went through a similar turmoil a few years ago, as rumors of the firm’s imminent demise ran rampant. I thought they had weathered the storm but maybe not.
He offers at least some confirmation of the story here. (And special note to “R.B.”: I know the word is “dissolve.” I was being ironical.)