Revealed: Baxter killed Dewey-Orrick merger
Orrick Herrington & Sutcliffe chairman Ralph Baxter demanded a guaranteed $25m (£12.92m) payout over five years had the proposed merger with Dewey Ballantine gone through, The Lawyer can reveal. Orrick’s management drafted an employment agreement for Baxter and Dewey chairman Mort Pierce to sign, which would have committed both partners to the newly merged firm […]