Dewey & LeBoeuf: Is this any way to run a law firm?
The ill-fated tie-up between debt-laden Dewey Ballantine and LeBoeuf Lamb Greene & MacRae has seen the merged firm career from one crisis to another. Can a new management team save Dewey & LeBoeuf from going under?
When on December 31, 2008, the last day of its financial year, the newly merged Dewey & LeBoeuf realised that it needed $50m to avoid breaching its bank loan covenant, it allegedly came up with a master plan to inflate its profitability by cooking the books. It allegedly reversed millions of dollars of write-offs that […]
It is now two years since the collapse of mammoth firm Dewey & LeBoeuf. But the next chapter in the story of its dramatic spiral into crisis is about to emerge in lurid technicolour following a High Court trial last week. Monday 28 May 2012 might have marked the end of Dewey (29 May 2012) […]
Three ex-Dewey & LeBoeuf partners taken to court by Barclays have settled out of court with the bank for an undisclosed amount, The Lawyer can reveal. Lester Charles Landgraf, Lewis Rosenbloom and Elias Farrah all reached a financial agreement with Barclays just days before the trial, which was set to begin on 5 May. The […]
Another magic circle partner is to join Latham & Watkins in London, as it sets its sights on winning work in the infrastructure M&A market. Allen & Overy partner Conrad Andersen, who was promoted in 2008, is to join Clifford Chance partner Brendan Moylan at the US firm. The latter’s move was revealed yesterday. While […]
Fieldfisher is to open a legal support centre in Belfast, years after firms such as Herbert Smith Freehills, Baker McKenzie and Allen & Overy made similar moves in the Northern Irish capital. Fieldfisher says it expects to house 125 personnel in Belfast within the next three years, with 14 people having already been recruited. The office […]
Allen & Overy (A&O) has announced its autumn 2018 trainee retention figures, with 80 per cent of its 46 qualifiers staying on. With a total intake of 46, 44 trainees applied to qualify, 40 of whom were offered newly qualified positions. Overall, 37 trainees accepted the offers. “This is a good result and one which […]
Clifford Chance’s infrastructure M&A head Brendan Moylan is leaving the firm for Latham & Watkins in a move that reunites him with his former magic circle colleagues. Latham aggressively hired from Clifford Chance’s private equity practice in 2013/14 when it took on David Walker, Kem Ihenacho and Tom Evans. The US firm was said to have been […]
Software company Mozilla, the company behind the Firefox browser, has brought in a new general counsel from social media giant Twitter’s San Francisco headquarters. Amy Keating will join Mozilla in early September after six years as Twitter’s deputy general counsel. She replaces Jishnu Menon, who left for Netflix in May. The move will be Keating’s latest […]
Burges Salmon is making technology a priority with a new raft of appointments and investments aimed at revolutionising legal service delivery. The firm’s Business Solutions team is set to welcome former senior associate Emma Sorrell as legal innovation specialist and former integration specialist Ian Huddart as technology innovation specialist. It has also subscribed to powerhouse […]