Dewey London on slippery slope

It looks like meltdown at Dewey London (see story).

Coming only two weeks after the death of the firm’s proposed merger with Orrick, today’s (17 January) exits of capital markets partners Camille Abousleiman and Louise Roman Bernstein don’t look great for the firm as a whole either.

Abousleiman was Dewey’s totemic player, the lynchpin with the high-level business and political connections that generated an oversized proportion of London’s work.

Now those contacts are at LeBoeuf – no working out the notice on this one – and Dewey is left to lick its considerable wounds.

The danger for the firm as a whole, particularly in its New York heartland, is that these exits are not the last.

As Abousleiman told The Lawyer this morning: “I wasn’t very happy with the merger discussions. I didn’t think it was a great thing for Dewey. By the time it was called off, in my mind I was already checked out and was skiing in Canada – I was too far down the line to change my mind.”

How many more are also already on the slopes?