Who would have thought bankruptcy would be so expensive? The teams of advisors that helped law firm Dewey & LeBoeuf navigate its way to Chapter 11 bankruptcy are now…
In a filing on Thursday, lawyers for the Dewey & LeBoeuf estate went after 18 former partners who refuse to contribute to a settlement plan, according to The Am…
On Thursday, U.S. Bankruptcy Court Judge Martin Glenn approved preliminary fee requests from over one dozen law firms, advisory outfits, and accounting firms associated with the bankruptcy of Dewey…
Two important documents in the Dewey & LeBoeuf bankruptcy plan have been approved by a judge overseeing the Chapter 11 case, which means that the plan is still on…
Dewey & LeBoeuf filed for Chapter 11 protection on May 28 and as of Wednesday, 12 law firms, financial and restructuring firms filed fee and expense requests in bankruptcy…
On Friday, Aviva Life and Annuity Company, along with a New York subsidiary of the company, filed a lawsuit in Iowa federal court accusing former Dewey chairman Steven Davis, former…
On Thursday, U.S. Bankruptcy Judge Martin Glenn in Manhattan ruled that creditors of Dewey & LeBoeuf can pursue claims of damages from the three former top executives of Dewey, for…
On Wednesday, Dewey & LeBoeuf sought approval of its liquidation plan by filing papers in U.S. Bankruptcy Court in Manhattan. The liquidation plan comes roughly six months after Dewey had…
The Los Angeles Dodgers have received a bill from former Dewey & LeBoeuf LLP bankruptcy attorney Bruce Bennett for the work the firm did on the team’s Chapter 11…
According to a report from Reuters, a group of creditors requested approval from U.S. Bankruptcy Judge Martin Glenn to go after claims against three ex-managers of Dewey & LeBoeuf…
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
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