Dewey & LeBoeuf

As we roll into the Memorial Day weekend, things are fairly quiet on the Dewey front. There’s not much news to report.

As we previously mentioned, some former partners are hiring counsel to defend them against possible clawback claims. And the ranks of ex-partners continue to grow: some nine Dewey partners, led by New York-based transactional attorney Elizabeth Powers, have moved over to Duane Morris, along with three counsel and four associates (so 16 lawyers in all).

What else can we report about Dewey? Oh yes, the winner of our meme contest….

double red triangle arrows Continue reading “Dewey Have A Meme Contest Winner? Oh Yes We Do!
(Plus some news updates.)”

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Morning Docket: 05.23.12

* When Dewey need to hire our own lawyers? Now would be good. As D&L leaders mull bankruptcy options, more than 50 former partners are expected to hire Mark Zauderer to defend them against potential clawback claims. [New York Law Journal]

* Day three of jury deliberations in the John Edwards campaign finance trial came and went without a verdict. The former presidential candidate must be wishing that he hadn’t came and went, because then there wouldn’t be a trial at all. [ABC News]

* Yet another law firm is walking away scot-free from the Dreier drama without losing a single dime. Ruskin Moscou Faltischek was able to get Fortress Investment Group’s case tossed on appeal. [Thomson Reuters News & Insight]

* A Facebook investor has sued NASDAQ, claiming that the stock exchange bungled the social networking site’s IPO. With FB’s stock price dropping as we speak, he’s seeking class-action status. Like. [Bloomberg]

* Nafissatou Diallo amended her civil suit against Dominique Strauss-Kahn to include a claim alleging his “animus towards women.” Really, she just wants to introduce evidence of DSK’s sordid sexual past. [Reuters]

Last week, we asked for your entries in our Dewey & LeBoeuf Meme Contest.

There were many excellent submissions. Let’s review and vote on the eight finalists….

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Photo (no, not a photoshop) by ATL reader 'Anna.'

As we reported over the weekend, it’s looking like Dewey & LeBoeuf will soon find itself in bankruptcy (perhaps voluntarily, perhaps not). The specter of bankruptcy raises a question for the many former partners of Dewey: dude, where’s my car capital contribution?

Let’s find out — and get the latest dispatches on the Dewey death spiral, including news of a new home for former vice chair Ralph Ferrara….

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(Plus more partner moves, including Ralph Ferrara.)

The ailing law firm of Dewey & LeBoeuf is not long for this world. The only real question that remains is how Dewey’s death will take place. Will Dewey be pushed off the cliff, or will it jump?

We mentioned on Thursday that Dewey might be forced into bankruptcy by creditors, perhaps former partners concerned about their pensions. But now it seems that Dewey might do the deed itself.

Let’s hear the most recent reports — and look at the latest indicators that Dewey is done, including new signage outside 1301 Avenue of the Americas….

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* Rob me once, shame on you; rob me twice, shame on me? Supreme Court Justice Stephen Breyer was robbed for a second time, but this time as the victim of a burglary on May 4. [Thomson Reuters News & Insight]

* Dewey know when this ship is finally going to capsize (so we can stop making these puns)? Two of D&L’s Hong Kong partners have decided to defect to DLA Piper, and more may be joining them soon. [Asian Lawyer]

* He might’ve been a “bad husband,” but that doesn’t mean he’s guilty. The jury in John Edwards’s campaign finance trial will begin deliberating today. Let’s see if they convict him of being more than an adulterer. [CNN]

* After his citizenship stunt, Eduardo Saverin can look forward to being defriended by the United States — not like that’s a bad thing, because to be honest, the movie version of him is much cuter. [New York Daily News]

* And this is why lawyers shouldn’t try to be funny. Safeway’s General Counsel, Robert Gordon, is being branded a sexist for telling a recycled joke about pigs and D.C.’s most powerful women. [Corporate Counsel]

* A three month suspension has been recommended for a former Treasury Department attorney who attempted to steal ties from Nordstrom. What, he couldn’t spring for a Neiman’s run? [National Law Journal]

* If you bought those stupid ass Skechers Shape-Up shoes in the hope that your booty would look like Kim Kardashian’s, you can get a piece of the $40M settlement. Not bitter, not at all. [Los Angeles Times]

Let’s talk about two of our favorite topics here at Above the Law: Dewey & LeBoeuf and real estate. They’re two great tastes that go great together.

There’s certainly news on both of these fronts. In Washington, for example, the firm is facing an eviction lawsuit. Dewey’s D.C. landlord, Property Group Partners, claims that the firm hasn’t paid $927,052 in rent on its 140,000 square feet of space.

In New York, home of Dewey’s headquarters at 1301 Avenue of the Americas, there’s bad news too. The Ben Benson’s steakhouse in the building, which was something of a company canteen for Dewey, is closing next month. Said a source: “Could it be that the building is cursed, ever since JC Penney moved out decades ago?”

Near the top of the 45-floor building, the office of Steven H. Davis, Dewey’s ex-chairman, is also getting packed up. This space, described to us as the “Taj Mahal” of law offices, is not what it once was.

Dewey have pictures? Most certainly….

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Non-Sequiturs: 05.17.12

Jonathan Vilma

* This is the job that I want. Just running around New York City, and telling people they suck. [Dealbreaker]

* New Orleans Saints linebacker Jonathan Vilma has filed a lawsuit against NFL Commissioner Roger Goodall. I’ve got $100 for anyone who takes Vilma’s lawsuit out with a summary judgment. [New Orleans Times-Picayune]

* The story of Dewey & LeBoeuf, as told through numbers. Legacy Dewey Ballantine folks aren’t going to love this. [Adam Smith Esq.]

* Isn’t this the best way to explain what it’s like to be white? [Kotaku]

* What will the legal profession look like when your kids are going to law school? [Hellerman Baretz]

* Speaking of having children, I wonder if I will become more “prude” when I’m a parent, or at least more critical of graphic displays of sexuality. [Popehat]

* You shouldn’t let your client bring notes to a deposition. Otherwise you will have a huge a-hole. [What About Clients?]

* The Da Silva Moore case already reads like a reality TV show. Is something more pernicious going on beneath the surface? [Ride the Lightning]

If you’re looking for the latest news on the imploding law firm of Dewey & LeBoeuf, check out Morning Docket. There are links about the ongoing criminal probe, an updated WARN Act notice, the firm’s claim that it is not “officially closed,” and a possible involuntary bankruptcy.

It might make sense for certain creditors to push the firm into bankruptcy, since under the status quo — i.e., the firm effectively liquidating itself outside of court — it’s not clear that similarly situated creditors are being treated equally. At the very least, there’s a lack of transparency, as bankruptcy lawyer Annette Jarvis of Dorsey & Whitney pointed out to Thomson Reuters. Jarvis represents one group of creditors that might be getting the short end of the stick: 51 retired partners from predecessor firm LeBoeuf Lamb, whose pensions could be in jeopardy.

As we’ve done in the past, let’s try to find some light amid the darkness. As one victim of the Dewey debacle told us, “Sometimes after you’re done crying about something, the best medicine is laughter.”

We agree. So, Dewey have a meme contest for you? Of course we do!

Keep reading for some sample Dewey memes, as well as the contest rules….

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Morning Docket: 05.17.12

John Edwards

* What information Dewey know about the ongoing criminal investigation that’s being conducted by the Manhattan District Attorney’s office? From the sound of it, ex-chairman Steven Davis’s LeBoeuf may be cooked. [Am Law Daily (reg. req.)]

* Dewey know when to admit defeat? A spokesman for the failing firm has insisted that it’s “not formally closed.” Great, because that’ll certainly make it easier to prepare for the involuntary bankruptcy filing that’s in the works. [Reuters]

* Meanwhile, D&L amended its WARN notice with the New York State Department of Labor to raise its total employee count by 100, for a grand total of 533 — 433 of whom have been laid off thus far. [Bloomberg]

* “The defense wasn’t sexy, but the defense doesn’t want sexy. It wants an acquittal.” John Edwards’s legal team rested its case yesterday without calling any of the major players involved to testify. [Associated Press]

* Show me your papers: the California Supreme Court will be deciding whether a law license should be granted to an illegal immigrant who’s already been certified by the State Bar of California. [Los Angeles Times]

* Thank you, Jesus! Utah’s S.J. Quinney College of Law now has an additional $4M in its collection plate to put toward a new building thanks to the Church of Jesus Christ of Latter-day Saints. [National Law Journal]

Non-Sequiturs: 05.16.12

Elie, back at the law firm.

* Associates should assume that making partner is like rising up in a drug organization. And really, who wouldn’t want to work at New Jack LLP? [Litigation & Trial]

* Wait, Justice Souter has a “secret” Citizens United dissent? That sounds cool. Utterly useless, but pretty cool. [Slate]

* The American Constitution Society’s National Convention is this June. I’ll be speaking there this year, and moderating the “(Law) Degrees of Separation: Different Ways to Put Your J.D to Work.” If you want to join, Early registration ends tomorrow. [ACS 2012]

* Signs that your firm is in trouble? How about if your firm name can be made into endless puns on ATL? I Cleary have one firm in my sights. [Greedy Associates]

* I always kind of picture Matt Taibbi stomping around outside of Goldman Sachs like Achilles standing outside of Troy yelling, “Hector.” [Rolling Stone]

* Isn’t it about time for Ashley Dupré to have sex with somebody else now? [Dealbreaker]

* You got to give it up to Chris Christie, the man does have a sense of humor….

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In our last full post on Dewey & LeBoeuf, the fast-fading New York law firm, we tried to find some moments of humor in this generally depressing story. Now we’ll return to the hard — and gloomy — Dewey news. (We mentioned several D&L items in today’s Morning Docket.)

Without further ado, let’s find out what’s going on….

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