Categories:United States

Dewey's Sharp hits out at stricken firm's US management

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  • Yes Peter, we believe you.....who could possibly think you put # 1 first?

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  • 20 April: decides to look for another firm. Finds a firm, starts and completes negotiations and leaves by 3 May. 7 working days from start to finish. That was a very quick negotiation, Mr Sharp. Congratulations.

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  • Let's face it Peter Sharp was ignored ever since the merger took place and was never involved in the day to day operations anyway. This whole mess is no surprise bearing in mind the various warnings over the last 2-3 years. The only surprise is that is has taken this long for the Partners to man the lifeboats. If I hadn't been paid my salary for 2009/2010 I would be pretty annoyed to be fair!

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  • How can you say Peter was ignored and was never involved in the day to day operations? He attended all the Executive Committee meetings, all the London Policy Committee meetings and he was the head of the London office. No-one was more involved than Peter.

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  • If he was that involved day to day then why didn't he stop this debacle snowballing bearing in mind all of the warning signs. A few examples that go back years not months.
    Why didn't he stop the US diverting funds into their own bank accounts for London bills starving London of cash so they could not meet the monthly obligations?
    Why didn't he ensure that vendors/landlords/taxes were paid on time? Or if obligations could not be met then at least reduce services accordingly?
    Why didn't he make sure that capital commitments for leavers were honoured?
    The fact is he was not involved in the day to day operations otherwise he would have seen this coming like the rest of us. The only guy that tried to cut spending and increase income was Steve Horvath hence why he was given the global role.
    One final point is that if you accept the title Managing Partner along with the juicy compensation that comes with it then you should make it your business to know all of the above!

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  • either delusional or (as he served on those committees) cowardly
    mort pierce also claimed he didn't know what was going on despite being on all such committees in nyc
    gimme a break - tells you who ends up leadership positions in law firms

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  • Peter was head of the UK LLP, and is an English solicitor regulated by the SRA. As such, he owned the usual duties to the UK LLP and its creditors as a director, fiduciary duties to the other members of the UK LLP, and was obliged to comply with SRA regulations. It is surely not the case that he considered himself hamstrung by what New York wanted him to do. The discharge of his duties to the UK LLP, its other partners and the SRA would presumably have required him to exercise a lot more independent judgment than just relying on instructions (or lack of instructions) from New York. It seems lame to try to excuse his conduct on the ground that New York failed to tell him what to do.
    Was he the managing partner, or not? We have lived though Emile Heskey, the non-scoring centre-forward, now do we have Peter Sharp, the non-managing managing partner? Sign him up as your assistant for the Euros now, Roy.

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  • the fact that sharp negotiated the deal with morgan lewis in about a week is more down to morgan lewis being desperate to expand in london and therefore not doing much (if any) due diligence. so they have taken on a three partner litigation team in london where previously they had no disputes practice, and the entire moscow and almaty offices in countries where they had no presence. it appears to be a case of getting what they could, doing due diligence afterwards (over the next year or so?) and then right-sizing it later. maybe morgan lewis will make sharp the head of their london office now, and he can have the honour of sacking his dewey colleagues when it hasn’t worked out.

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  • Sharp practices?

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  • Breaking news-just formally gone into administration. Security passes will not work after 6pm!
    By the way we will be deducting the balance of season ticket loan from your last paycheck even though any cancelled tickets will be refunded directly to us!

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