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 […]
A Foreign Affairs Select Committee report into the depth of Russian influence in the UK has criticised Linklaters for the firm’s involvement in the initial public offering (IPO) of Russian oligarch Oleg Deripaska’s energy company En+. The committee expressed its “regret” at the firm’s refusal to explain its part in the 2017 flotation or give […]
Ashurst has introduced a new corporate practice into its Glasgow services centre, as it looks on course to reach its target for 300 staff in the next few months. The new corporate practice has been set up through the hire of corporate associate Shaz Ali, who was previously at Glasgow firm Morisons. It will be […]
Addleshaw Goddard has acted for the Chinese government in its acquisition of the historic Royal Mint Court from property management company Delancey. Head of real estate Leona Ahmed led for Addleshaws, representing the People’s Republic of China in securing the 5.5-acre site along the eastern verge of the City. Here, China will house its new embassy, adjacent […]
Shakespeare Martineau has launched a redundancy consultation that could affect up to 60 roles across the firm. The firm announced today that roles are affected across the firm range from business operations to lawyer positions. Alongside the plans, the firm will also be closing its Leicester Meridian office and relocating staff to its other base […]
Carillion racked up millions in legal fees from Slaughter and May over an eighteen month period, official letters have shown. The firm was asked last February to provide information to the Work and Pensions Committee, which opened an inquiry into the company’s liquidation at the start of the year. Slaughters billed Carillion nearly £8.4m between […]
Italian firm BonelliErede has become the latest firm to open up in the German financial centre of Frankfurt with a hub in the offices of its German best friend Hengeler Mueller. BonelliErede banking partner Giuseppe Rumi will head up the new office. Rumi also coordinates the best friends European financial institutions group, which includes Slaughter […]