Former Dewey chairman Davis becomes legal chief for Arab emirate

Former Dewey & LeBoeuf chairman Steve Davis has won a new job, as chief legal adviser to the United Arab Emirate Ras al Khaimah.


steve davis
Steve Davis

The post marks the first new role for Davis since his former firm collapsed in May 2012 (29 May 2012).

According to Reuters, Davis’ hire was announced via an internal Ras al Khaimah government memo. It stated that in addition to holding the role of chief in-house legal adviser, Davis will also become chief executive officer of the emirate’s investment and development office.

Since Dewey’s collapse, Davis has been the subject of a number of investigations, alongside other former Dewey senior management figures, for alleged financial misconduct and other alleged criminal activity related to the firm’s demise.

He first became the subject of a criminal investigation by the Manhattan district attorney’s office in April 2012, just days before being ousted from the chairman role at the ailing firm (30 April 2012). It is unclear whether any investigations are ongoing.

Davis was initially excluded from Dewey’s settlement deal, which saw partners pay back an amount of money in return for being absolved of future liability (20 June 2012). However, last April he reached an agreement to pay a settlement of $511,145 (£335,000) to cover claims for which he was not insured (24 April 2013).

Energy specialist Davis will relocate to Ras al Khaimah to take up his new role.

Since Dewey’s collapse, its former CFO Joel Sanders has found a new role at Florida firm Greenspoon Marder (6 September 2012). Meanwhile, its former executive director Steve DiCarmine has reportedly set his sights on a new career in fashion, studying at New York’s Parsons The New School for Design.