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Readers' comments (6)
Fred Gander, Dewey Ballantine | 18-Sep-2007 6:21 pm
Already partners
It really feels like we are already partners. It’s going to be a big step for us, we’re going to have 200 lawyers in London. That’s really unbelieveable; if I think back to when I first arrived in the UK in 1991, there were only two of us. Even in 1996, there were only five of us. I couldn’t have envisaged having 200 lawyers in London back then!
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Anonymous | 18-Sep-2007 9:25 pm
Tax/structured finance
How will the combined firm stand in the derivatives/structured finance areas, particularly tax? Will they have a US tax presence in London in addition to UK tax? I understand few firms in London have a real expertise in US taxation of these trades, and that clients call NY for answers.
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Anonymous | 21-Sep-2007 7:04 pm
Here we go again!
This may look like it is all roses on the surface but it won't be when it gets down to the nitty gritty. Dewey has been a mess for years. It has seen a steady decline. This might be okay for the partners but everyone else will surely suffer.
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UK associate | 25-Sep-2007 11:37 am
Money
Is the newly merged firm going to pay full NY rates to its UK associates?
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Anonymous | 25-Sep-2007 3:19 pm
Leboeuf
This has got to be a takeover by LeBoeufs. Dewey Ballantine was in a really weakened state after it didn’t do the deal with Orrick. LeBoeufs has become really aggressive in the past few years under Davis. There’s no way on god’s earth that LeBoeufs would agree to a merger of equals!
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Anonymous | 25-Sep-2007 6:21 pm
Dewey - LeBoeuf, merger? Ha!
This is a good thing as it saves Dewey from its continued downward spiral. But a merger? Not a chance. We all know that Mort's key deal breaker point is the continuance of the Dewey name and that is about all he got in this deal. The question is, will LeBoeuf have the guts to slash the amazing number of non producing partners that Dewey has? What about the non functional partners that Dewey London has hired over the last 12 months.
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