Criminal charges are on the way for Steven Davis, Stephen DiCarmine, and Joel Sanders — the former chairman, executive director, and CFO, respectively, of defunct Dewey & LeBoeuf.
Almost two years have passed since the Biglaw firm’s bankruptcy filing, causing some observers to think that perhaps the Steves would never get charged. The argument, in a nutshell: they might have been poor managers or even downright moronic, but they didn’t commit any crimes.
Alas, sadly for Messrs. Davis, DiCarmine, and Sanders, it seems that Manhattan District Attorney Cyrus Vance doesn’t agree with that line of thinking. What types of charges can the trio look forward to?
(Please note the UPDATES added to this post, reflecting information from the indictment and the SEC complaint.)
* I would totally go see “Jaws 2013: Lawyers On The Beach.” [The Legal Geeks]
* Downey Brand laid off support staff this week. Man, I thought that laundry detergent was recession-proof… oh, wait, I’m being told that Downey Brand is law firm, a very well-scented law firm. [ABA Journal]
* It’s illegal to burn you ex’s clothes? Bah. Next you’re going to tell me you can’t set fire to his car. [Legal Juice]
* Manhattan District Attorney Cy Vance’s inability to prosecute his political rivals makes it harder for him to do whatever he wants by threatening his political rivals with prosecution. That’s not exactly a bad thing. [Simple Justice]
* Oh look, the FAA might finally acknowledge that making people turn off their electronic devices during takeoff and landing is a stupidrule that has absolutely no bearing whatsoever on flight safety. [Wall Street Journal]
Another busted barrister: Archie Leach (John Cleese).
People can argue about whether or not Indians — of the South Asian variety, not the Native American variety — are or are not “Caucasian.” I take no position on that issue, having been burned before (see the comments to this post).
I will say this, though: in my opinion, South Asians share in common with East Asians the ability to pass for much younger than they really are. (It’s generally a blessing, although not always; in a discussion at the recent Penn APALSA conference, some panelists talked about how looking young can complicate dealing with clients and opposing counsel.)
So how much younger can South Asians claim to be? One India-born lawyer, who graduated from a top 14 law school, finds herself in litigation for allegedly lying about her age — amongst many, many other things.
Elie here. In news that should shock no one, Dewey & LeBoeuf has canceled its 2012 summer program. Honestly, if you were a 2L who was planning on going to Dewey this summer and you are just now figuring out that it’s not going to happen, you should probably spend more time reading Above the Law and less time sniffing glue. (Pro tip: sniffing glue + reading ATL = total awesomeness.)
We’ve also got some additional information about a possible criminal probe into the Dewey situation by Manhattan District Attorney Cyrus Vance. (We briefly considered the headlines “Dewey Have Any Lube for this Probe?” or “Dewey Know Any Good Criminal Defense Lawyers?”)
Let’s get into it. I’ll turn the floor over to Lat….
UPDATE (5:25 PM): Additional info, appended after the jump.
UPDATE (4/30/2012): We’ve added some material to the memo about the cancellation of the summer program that was initially missing when we first published this post.
Allegations of criminal conduct can be made against attorneys from all walks of life. An innocent-looking solo practitioner in Illinois can be accused of prostitution. A partner in a well-regarded Minnesota law firm, the incoming president of the state bar association, can be accused of molesting a child (and convicted of criminal sexual conduct, after pleading guilty).
Such seamy accusations aren’t limited to the heartland; we also see them here in New York, at elite law firms. As we mentioned last night, Moshe Gerstein — a 35-year-old corporate associate in the New York office of Gibson Dunn, who also once worked at Skadden — has been charged by the Manhattan District Attorney’s office with child pornography possession. And we’re not talking about garden-variety kiddie porn, but images of a particularly disturbing nature.
Let’s learn more about the charges against this young lawyer, have a look at Moshe’s mug, and hear from some tipsters who know him — including a former colleague….
I recently wondered, on Twitter, whether it’s only a matter of time before everyone in Manhattan has bed bugs. Bedbugs are like death and taxes: they will get you eventually, and the only question is when.
For lawyers and staff in the legendary Manhattan District Attorney’s Office, the answer may be: soon. An employee in the office informs us that a bedbug-sniffing canine was brought into the 80 Centre Street building this afternoon — and that the dog alerted to the presence of bedbugs in multiple locations. Furthermore, rumor has it that (1) the powers-that-be in the office have known about bedbugs at 80 Centre Street for at least a week, and (2) the main building, at One Hogan Place, has had bedbugs for even longer.
(Right now Robert Morgenthau is probably thinking to himself, “Thank God I left that dump for Wachtell.” Morgenthau’s sucessor as DA, Cyrus Vance Jr., is probably scratching himself.)
“Several offices apparently came back positive for bed bugs,” said our source. “But, bizarrely, they are only going to fumigate those specific offices — not the entire building, like they should.”
So you spent a considerable amount of time courting, selling and maybe even doing some friendly stalking of that attractive lateral partner candidate with a sizable book. After he or she ignored your emails and didn’t return your calls, a few weeks go by and you read a press release in the legal media announcing the recent move to a competing firm.
Rats. Another one got away from you. You cringe when you consider how much time was spent in meetings that did not bear fruit. Your heart aches when recall how you were led to believe this was a marriage made in heaven.
You have been rejected.
The sting of rejection is painful, even for fancy law firms. But you need to find a way that you can turn this disappointment into a legitimate learning experience.
No, this isn’t a pre-party before we come back next fall for the real thing. This IS the real thing. Quinn Emanuel is pushing the envelope on recruiting. The party is now. This is when you meet the partners and associates face to face. This is when we begin the dance that could land you an offer for your second summer BEFORE school starts in the fall.
First: You come to the party. Second: If you like us, you send your resume after June 1, 2014. Third: If we like each other, you get an offer.
We’re not waiting for fall. We’re not doing the twenty minute thing. This party is the real thing!
We hope you’ll join us, and look forward to meeting you.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
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