Dewey & LeBoeuf has been hit by another eight partner losses, with a New York energy and infrastructure team set to join Hunton & Williams.
Dewey utilities, power and pipelines head Bud Ellis has quit to join the US rival alongside fellow partners Michael Fitzpatrick, Steven Friend, Steve Loeshelle and Peter O’Brien. Counsel Kevin Felz is also joining Hunton & Williams as a partner.
New York energy and capital markets partners Catherine Hood and Anthony Terrell have also quit Dewey to join Pillsbury Winthrop Shaw Pittman, while litigation partner William Primps joins Dorsey & Whitney in New York.
Roughly 65 partners have now left the embattled US firm in 2012, with 11 lawyers below equity partner level quitting for Dechert in Dubai (17 April 2012). This follows news yesterday that four partners were leaving Dewey in London and Dubai for Dechert (16 April 2012).
Hunton & Williams confirmed the hires today, saying the sextet act for companies and banks in the power and utilities sectors, focusing on capital markets.
Hunton & Williams energy and infrastructure co-head Jeff Schroeder said in a statement: “This team of lawyers is well known to us. They are leading lawyers in the power and utility capital markets, and their strong issuer and underwriter experience in these industries adds further depth to our established global practice.
Readers' comments (17)
Anon | 17-Apr-2012 4:27 pm
The ship is sinking and the rats are jumping.
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Vercingetorix | 17-Apr-2012 4:42 pm
Didn't the Howrey debacle play out a bit like this?
This looks like a snowball rolling down a hill very fast.
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Anon | 17-Apr-2012 4:53 pm
It's amazing how fast a big firm can implode these days.
A process which might have played out over a period of years in the past now takes just a few months (although the rot obviously set in long ago).
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Anonymous | 17-Apr-2012 5:47 pm
You can't make this up -- this is an actual quote from Dewey today (17 April):
"The number who have left to date, including firm initiated reductions, is consistent with the reduced headcount contemplated by our plan, which contemplates limited further headcount reduction over the next several months," the statement says.
I could have sworn that this quote was used by the management at Heller and Howrey as well.
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Anonymous | 17-Apr-2012 6:07 pm
Here are the infidels leaving, who will repeat the same elsewhere. Thus, there is no problem at all, it is a self clean process. Then the firm will do much better without them.
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Anonymous | 18-Apr-2012 11:50 am
"Anonymous | 17-Apr-2012 6:07 pm
Here are the infidels leaving, who will repeat the same elsewhere. Thus, there is no problem at all, it is a self clean process. Then the firm will do much better without them."
Oh dear, the closest thing to support for Dewey looks like a deliberate parody...
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Anonymous | 18-Apr-2012 2:38 pm
It looks like the tipping point has been reached - the partners left behind who are too slow to get the hell out now will be left with a mountain of debt to pay off.
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Anonymous | 18-Apr-2012 8:34 pm
Desperate times call for desperate measures!!! How desperate must these Dewey guys be to jump to Hunton. From one sinking ship to another very leaky ship. I hope that the Dewey guys come wearing life preserves and carrying buckets as they will have to use them again pretty shortly!!
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Anonymous | 18-Apr-2012 8:38 pm
Rats leaving a sinking ship indeed! They will soon realise there is no cheese at Hunton and will be off to their next gig soon enough!
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Anonymous | 20-Apr-2012 1:28 am
Hunton's profitability is so poor that these guys must be so desperate to take such a pay cut to join Huntons
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Anonymous | 20-Apr-2012 1:31 am
I predict that Huntons is the new Dewey ...can't believe their international offices are sustainable
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Anonymous | 20-Apr-2012 1:38 am
Its hard to see any way forward for Dewey ...its a real pity that quality lawyers have to find themselves moving to a very odd mid-tier firm
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Anonymous | 22-Apr-2012 7:10 pm
People are being horribly unfair on Huntons. Yes it has had a lot of problems in London where it is office is a basket case but its offices in the States are solid.
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Anonymous | 22-Apr-2012 7:13 pm
Unfair... its a fair characterisation of Huntons which is a firm that is going no where... and is just there to make up the numbers... its is the ultimate quality free zone
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Anonymous | 27-Apr-2012 0:50 am
It would have been better if Hunton hired in London. They don't have enough lawyers to field a football team in their london office... obviously London isn't a priority...
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Anonymous | 27-Apr-2012 0:52 am
Its quality not quantity that is important and though we are small we have that in spades
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Anonymous | 27-Apr-2012 0:56 am
Keep telling yourself that... Huntons is an irrelevance and is a firm going no where .... Anybody smart could work that out
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