The indefinitely delayed, potentially troubled merger between Dewey Ballantine and Orrick, Herrington & Sutcliffe isn’t being well-received by Dewey support staff.
From a Dewey Ballantine tipster:
As far we non-attorney types go, it seems like more of a hostile takeover than a merger. So far, Orrick management is calling the shots on all the administrative areas of the merger. In the meetings I have been in or have heard about, Orrick is having their way with us.
Many in Payroll, Finance and IT [information technology] have already been given hard end dates. Many others are actively looking for other positions. Orrick has their IT department in Wheeling, West Virginia, whereas Dewey’s IT department is in New York. Having met some of the Orrick IT types and, I believe that the merged firm is going to lose out in that area.
In this merger, Dewey is looking like the receptive partner — the one getting f***ed.
Update: In the meantime, Dewey continues to hemorrhage key lawyers. The WSJ Law Blog just reported that Michael Aiello, who had been one of Dewey’s top M&A partners, has left the firm for Weil Gotshal & Manges.
Top Dewey M&A Partner Decamps to Weil [WSJ Law Blog]
Earlier: Prior ATL coverage of Dewy Orifice (scroll down)