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 […]
Schillings’ former head of operations has been fined by the Solicitors Regulation Authority (SRA) for selling mobile phones he took from the firm. The SRA investigated Martin Flowers after Schillings was alerted by Vodafone that it had identified unusual activity on the account in July last year. The regulator found that Flowers had taken 95 […]
Clifford Chance has been crowned Law Firm of the Year 2019 after triumphing at The Lawyer Awards last night. The firm scooped the coveted award after a stellar 12 months defined by a swathe of activity relating to technology and people management. Combining those two areas, it launched the profession’s first ‘lawtech training contract’ leading […]
Ashurst’s former managing partner James Collis has left the firm after over a decade as a partner in its banking practice, The Lawyer can reveal. Collis was managing partner of Ashurst for four years from 2012 to 2016, before being replaced by Australian-based Paul Jenkins and returning to his work in the finance practice. Collis was […]
DWF has opened the doors of its research and development unit to three university students as part of a two-week innovation design initiative, as it ramps up efforts to develop a grad scheme around technology. DWF Ventures, a unit led by Jonathan Patterson and devoted to exploring new ways of doing legal work, offered the […]
Eversheds Sutherland is launching a new business built on its existing consulting platform to go head-to-head with alternative legal services providers and the Big Four accountants operating in the contract lawyer, managed legal services and consulting markets. Called Konexo, the firm’s own version of an ALSP will take on the growing challenge of rivals such […]
Taylor Wessing has advised Monzo in a funding round that sees the digital bank’s value hitting the £2bn milestone. The round marks one of the last deals closed by Taylor Wessing’s lead partner Adrian Rainey ahead of his departure to Goodwin Procter, which was reported by The Lawyer early this week. The move is part […]