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If the former is true, then great. Your junior is in a position to start his own independent practice. This is unfortunate for you but still something to be celebrated given how difficult it is to make a living as a litigator. You should just congratulate him and tell him that you will stop paying him the stipend now.
If the latter is true, then you should sit down with him and try to understand the reasons behind his neglect of chamber work. It could very well be that he has some personal issues that he is sorting out due to which he is unable to do the work which you assign him. Depending on the reasons he provides and your own financial condition (which I would assume is quite good), you can take a decision on whether to continue paying him the stipend/continue having him as your junior.
Your hesitation in immediately firing him makes me think that you are at least somewhat compassionate as a chamber senior. Please don't change. God knows this profession needs more people like you!
But unceremoniously turning him out without even a conversation is straight up cruel.