Home

Will it take a Miracle for Dewey’s Former Partners to Regain their Capital?
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Now that most of Dewey’s partners have left, as the law firm spirals to certain doom, what can they expect about getting back their capital contribution? This contribution, which can range upwards to $100,000 to $250,000, is what a hired in partner is expected to pay to invest in the firm; he may take a loan to pay it. Now that Dewey is pretty much bankrupt — it seems immanent that they will soon file — defective partners are naturally wondering what is to become of their share?

It is no idle question. As AM Law reported Andy Ness to say, who was a partner with LeBoeuf before they partnered up with Dewey, “I did not see a dime of capital returned and I don’t expect to see a dime.”

In fact, most of the partners that left LeBoeuf before they merged with Dewey still haven’t received their capital. Apparently Dewy went deadbeat back in 2008 when it stopped paying back the capital former partners had put into Dewey.

  
What
Where


In 2011, Dewey assured those partners in a quarterly statement that the owed money was being put into a bank account for them, only for those partners to inquire Barclays and to be told that no payments had been paid at all in 2011. Janis Meyer, Dewey’s general counsel, attributed to the error the formality of the statements, which did not leave them space to explain the situation. They also promised to pay interest on the belated payments.



 

RELEVANT JOBS

Senior Counsel

USA-TX-Dallas

Senior Counsel    About Us The Buried Alive Project is a non-profit criminal just...

Apply now

Associate Aviation Attorney

USA-TN-Nashville

Qualifications Private Pilot Certification (Required) Full Job Descr...

Apply now

Legal Assistant

USA-NV-Reno

Description      An AV-rated Civil Litigation Firm, specializing in real property,...

Apply now

Associate Attorney- Litigation

USA-MT-Missoula

About the Job: Established AV-rated Missoula law firm is seeking an articulate and ambitious asso...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior to Mid-level Cybersecurity, Privacy and Technology Associate Attorney

USA-NY-Garden City

Garden City office of a BCG Attorney Search Top Ranked Law Firm seeks a junior to mid-level cybersec...

Apply Now

Patent Prosecution Attorney

USA-WI-Milwaukee

Milwaukee office of a BCG Attorney Search Top Ranked Law Firm seeks patent prosecution attorney with...

Apply Now

Junior/Mid-level Trust and Estate Litigation Associate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks junior/mid-level trust and estat...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top