Dewey Have Good News To Report? Quite Possibly

LeBoeuf is not yet done. What's the good news cooking over at Dewey & LeBoeuf?

DEWEY & LEBOEUF — MEMORANDUM — UPDATE ON THE FIRM’S SITUATION

TO: Global Personnel

First, we want to express our appreciation to all of the staff and lawyers who have made this firm great and who continue to support the firm. We know how stressful the current uncertainty can be for everyone involved. We are continuing to do everything we can to help the firm continue with the great work that we are still doing every day.

We are writing to let everyone know that they should not be alarmed by recent press speculation about any imminent plan for any type of filing. The firm remains in business, continues to serve its clients with the highest level of quality and has made no decision to go in any different direction.

As you have undoubtedly read, we are exploring possible transactions with other firms and other alternatives for moving forward. We will continue to do so and will let people know if anything definitive is agreed to. For now, please continue to do all of our work as you always have as that is the best thing we can all do to help the firm at this difficult time.

Martin [Bienenstock], Steve [Davis], Jeff [Kessler], Charley [Landgraf], and Rich [Shutran]

The Office of the Chairman

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New York Prosecutors Examining Former Dewey Chairman [DealBook / New York Times]
Law Firm Calls Off Deal Talks With Dewey [Wall Street Journal (sub. req.) via WSJ Law Blog]
Embattled law firm Dewey’s committee dumps ex-chairman [Reuters]
Law firm Dewey dumps executive; talks with rival end [Reuters via CNBC]

Earlier: We Don’t Have Any Summer Associates, Dewey? (And additional info about a possible criminal probe.)
Dewey Have Any Updates? Some Say Silence Is ‘Deafening’
Dewey Have A Shot Of Working Out A Rescue Plan — Before The Loans Come Due?

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