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05-04-2012

Dewey Continues Its Death Spiral

In what seems to be a certain death spiral for a once great law firm, Dewey is now being talked about in the past tense on law blogs and some other news sources. Above the Law says that its sources say the firm will not make it past Memorial Day. There are rumors of the firm removing the art from it....[more]
05-03-2012

Pro bono Work Now Mandatory to Join New York Bar

New York is now the first state in the country to require aspiring lawyers to do pro bono work if they want to join its bar. Every applicant will have to do 50 hours of pro bono work aimed at helping poor people in the state with their legal matters. The decision has been made by the state's chief j....[more]
05-02-2012

Dewey Urges Its Partners to Look Elsewhere

Dewey's top management, in a memo sent to its partners yesterday, has told them that they were free to look elsewhere even as the firm denies that it is going out of business. There was also a brief panic among the entire staff of the law firm when they realized that their health insurance provided ....[more]
05-01-2012

Dewey Starts Week with More Partner Losses

Dewey & LeBoeuf is close to getting a lifeline from its creditors but the partner exodus shows no signs of slowing down. At least 10 more partners have jumped ship and that brings the total number of partners who have left this year to at least 83. The defections are from its Dubai, Houston, Los Ang....[more]
04-30-2012

Dewey Dumps Davis, Nixes Potential Deal with Greenburg Traurig

Troubled law firm Dewey & LeBoeuf has removed Steven Davis from all his leadership positions. Davis is also under a probe from the Manhattan district attorney as of now. The law firm has also said that a potential transaction deal with Greenburg Traurig has been cancelled.....[more]
04-24-2012

Megaupload Trial on Shaky Legal Ground Because of FBI Error

The judge handling the Megaupload case has informed the FBI that Megaupload has not been served with criminal charges, which is the basic requirement to have a trial. “I frankly don’t know that we are ever going to have a trial in this matter,” Judge Liam O’Grady said according to NZ Herald.....[more]
04-23-2012

Dewey May Be Considering Prepackaged Bankruptcy Plan

Dewey & LeBoeuf may be considering a prepackaged bankruptcy plan in an effort to keep most of its lawyers from leaving as the partner exodus shows no signs of stopping. Dewey is said to be evaluating a plan that will see the firm pay its creditors and go ahead with a merger with another as of now un....[more]
04-20-2012

CVR Energy Uses Wachtell to Reach Agreement with Carl Icahn

The management of CVR Energy has managed to reach an agreement with corporate raider Carl Icahn. The company will not use the ‘poison pill' option, in effect clearing the way for a potential $2.26 billion bid.....[more]
04-19-2012

ABA Panel Gives Up On Nonlawyer Limited Ownership Proposal


04-18-2012

Eight More Partners Leave Dewey & LeBoeuf

In what seems to be now almost a daily occurrence, there is news of more partners leaving the troubled law firm. This time, eight partners have jumped ship. Five of the partners are from its energy and infrastructure team who are leaving for Hunton & Williams, one is a litigator going to Dorsey & Wh....[more]
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