Arent Fox, Biglaw, Dewey & LeBoeuf, Lateral Moves, Money, Partner Issues, Partner Profits

Dewey Have A Problem With Defections? Or With Math?(Plus information on international offices.)

What's going on with Dewey defections? And restated financial results? And overseas offices?

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DEWEY & LEBOEUF — STATEMENT — LAW FIRM FINANCIALS

We shared our methodology for arriving at the numbers we gave to American Lawyer prior to your publication of that data. Using that methodology, the numbers we gave you were accurate at that time and they remain accurate now. Having discussed our approach with you and answered your questions before publication, we assume that if AmLaw had a problem with, or took exception to, the use of that methodology — which was consistent with our presentation for prior years — you would have told us so. We also assume that if our approach was inconsistent with the methodology being used by other law firms, you would have told us that too.

There is no reason or rationale now to change or restate our numbers, since as we said before, the numbers are accurate. The numbers in the Bloomberg were derived using a different methodology. If any change is contemplated, before that change is made we would want to understand upon what basis that change is being made, what methodology is being used to arrive at the new numbers, and whether American Lawyer has confirmed that every other law firm whose numbers it publishes, is using the same methodology.

(Via DealBook.)

Dewey & LeBoeuf’s 2010, 2011 Profits, Revenues Revised [Am Law Daily]
American Lawyer to Revise Dewey’s Financials [DealBook / New York Times]
Four More Lawyers Leave Dewey & LeBoeuf [WSJ Law Blog]
Four Dewey & LeBoeuf lawyers jump ship to DLA Piper [Thomson Reuters News & Insight]
4-Lawyer M&A Team Exits Dewey for DLA Piper; Leader Will Co-Chair US Finance Practice There
[ABA Journal]
Four Dewey Corporate Lawyers Jump to DLA Piper in New York [Am Law Daily]
Dewey Antitrust Partner Heads to Arent Fox as 2012 Partner Losses Near 40 [Am Law Daily]

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