Regifting

The story of Dewey & LeBoeuf, the once-great law firm that now finds itself in bankruptcy, continues to unfold — slowly, painfully, and sucked of suspense. We’ve highlighted the latest developments in Morning Docket. They include the hefty compensation paid to Stephen Horvath and Janis Meyer, the two Dewey lawyers involved in wind-down efforts; the $50 million insurance policy that might spell good news to creditors; and the pending revisions to the less-than-popular proposed settlement being offered to former partners of the firm.

That’s the hard news. Today we bring you two bits of color. These anecdotes raise the following question: Would you accept a “gift” from Dewey & LeBoeuf?

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After stealing all the Whoville toys, the Grinch planned to re-gift them to his army of lawyers.

I’m much more likely to throw away a gift or give it to charity than to regift something I already have or don’t want. I think I’d live in fear of the original gift-giver meeting up with the regift recipient and talking about how I was a bad friend for orchestrating the whole mess. I’d rather those two people meet up and say, “Did Elie get you anything? No? Too bad. I was hoping he did and you could tell him it sucked. That’s what he told me when he opened my present.” There’s something intangibly sneaky and dishonest about regifting. It’s just not classy.

Of course, people do it all the time. And not because they lack class so much as they lack money. Even if it’s tacky, regifting usually comes from a good place: you want to give presents to more people than you can afford to shop for.

But there’s nothing laudable (or forgivable) about how one small law firm in California goes about re-gifting. They want to send gifts to their clients — so they commandeer the gifts sent to their secretaries and staff, and regift them.

I think this firm missed the “spirit” part of this holiday season….

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