Former Dewey Partner Blames Greedy Partners, Not Firm Leaders
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

ralph ferrara gives testimony

Summary: A former Dewey rainmaker gave testimony against the firm’s former leaders.

Considering that the collapse of Dewey & LeBoeuf LLP historically ranked the largest law firm bankruptcy, it was inevitable that creditors would seek out Dewey’s former leaders. In a trial that is expected to last upwards to six more months, is has continued this week with testimony from Ralph Ferrara, a former rain-maker who at $5 million yearly was one of the highest paid partners.


Though called on by the prosecutors, Ferrara’s testimony played just as well into the hands of the defense. His key narrative regarded a closed-door meeting of February 2012 when Chairman Steven Davis, who is one of the three defendants in this case, lost his cool in a dispute about the firm’s finances, claiming that Dewey had lied to him in order to get his former firm, LeBoeuf Lamb Green & MacRae LLP, to merge with them.

“I took all of this on and tried to make it work, so don’t sit here and tell me today that I brought this firm down,” Ferrara claims Davis said at that meeting.

The defense is hoping to paint the firms’ collapse as owing a lot to lawyers who left from “fear and greed.” Indeed, after that significant meeting, a mass exodus of lawyers lost faith in the firm, and sought their fortune and success elsewhere.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

“Inertia is a particularly powerful force, and that snowball was rolling down the hill with every departure,” explained Ferrara – a telling bit of testimony considering he himself left for Proskauer Rose in May of 2012.

Ferrara further called Davis a “visionary leader,” in the same tone this Monday as he had, last Thursday, called Sanders “solid as a rock,” and of DiCarmine, “If you knew Steve DiCarmine, you’d say this is the guy I’d like to have run my company.”

This is all useful testimony for the defense, though Ferrara was intended to be used as a witness against the three leaders of Dewey.

News Source: Law360


Interesting Legal Sites You May Like




Search Now

Corporate, Mergers and Acquisitions and Securities Associate Attorney

USA-NY-New York City

New York City office of our client seeks corporate, mergers and acquisitions and securities associat...

Apply Now

Business Litigation Attorney

USA-CA-Santa Monica

Santa Monica office of our client seeks business litigation attorney with 1-3 years of experience. T...

Apply Now

Intellectual Property Litigation / Enforcement Associate Attorney

USA-CA-San Francisco

San Francisco office of our client seeks intellectual property litigation / enforcement associate at...

Apply Now

Eminent Domain Attorney


Richmond office of our client seeks eminent domain attorney with 5+ years of experience. The candida...

Apply Now


Hotline & Training Managing Attorney (IMMIGRATION)

USA-NY-New York City

The Hotline & Training Services Managing Attorney will guide, develop, and supervise the Hotline sta...

Apply now

Associate Attorney


A civil plaintiff’s law firm is hiring for an associate attorney, preferably with strong resea...

Apply now

Associate Attorney

USA-TX-San Antonio

One of Texas\'s largest Personal Injury Law firm seeks a highly motivated associate attorney with 3-...

Apply now

Associate Attorney


One of Texas\'s largest Personal Injury Law firm seeks a highly motivated associate attorney with 3-...

Apply now


To Top