[T]he only thing holding many large firms together now is money. No shared history. No shared values. Money by itself is weak glue.
- Dewey & LeBoeuf, Lateral Moves, Law Firm Mergers, Mergers and Acquisitions, Musical Chairs, Partner Issues, Partner Profits, United Kingdom / Great Britain, White & Case
Dewey Still Have the $6 Million Man? Nope: Mort Pierce Is Out the Door (Plus Other Partner Departures)By David Lat
This just in: superstar M&A lawyer Morton A. Pierce is leaving Dewey & LeBoeuf, the beleaguered Biglaw behemoth. This news should not shock anyone; rumors of Pierce’s possible departure have been making the rounds for weeks now.
So where is Morton Pierce going?
As we’ve been doing when covering this breaking story, we’ve added multiple UPDATES, after the jump.
* Wow. David Brock, head of the liberal watchdog group Media Matters, “paid a former domestic partner $850,000 after being threatened with damaging information involving the organization’s donors and the IRS,” according to allegations in a lawsuit. [Instapundit]
* If you’ll be in Los Angeles on March 8, consider attending this legal industry “battle of the bands” — with proceeds going to worthy charities. [Law Rocks]