Ruden McClosky

Many of the lawyers from the bankrupt law firm of Dewey & LeBoeuf have found new professional homes. But what about the managers? Since the firm filed for bankruptcy, we haven’t heard much about the fates of D&L’s leadership troika: former chairman Steven Davis, former executive director Stephen DiCarmine, and former chief financial officer Joel Sanders. What’s going on with them? Have they found new jobs?

Of course, they can afford to take some time off before returning to the workforce. As we previously reported, DiCarmine and Sanders each received more than $2.9 million — in salary, bonuses, and expense reimbursement — in the year leading up to the firm’s bankruptcy filing.

So, assuming he has reasonable living expenses, former CFO Joel Sanders can afford to coast for a while. But that’s not what he’s doing. He’s already back in the workforce.

What if we were to tell you that the chief financial officer of Dewey has found a new position? At a law firm — a pretty sizable one, in fact?

double red triangle arrows Continue reading “Musical Chairs: Former Dewey CFO Finds New Employment”

On Thursday morning, while talking to my therapist — no, not the People’s Therapist — I mentioned that I’ve been quite busy at work these days, covering the fast-moving story of a law firm implosion. I started to explain, but he interrupted.

“You mean Dewey?” he asked. “I know all about it. An old friend of mine is a partner there. He just asked me for a referral.”

Sign #1 that a law firm story has gone mainstream: your shrink knows about it. Sign #2: it’s getting covered by esteemed general-interest outlets like Slate and the Economist. (In Slate, Reynolds Holding argues that the experience of Ruden McClosky, the Florida firm that pulled off the bankruptcy-cum-merger maneuver last year, could provide helpful lessons for Dewey.)

Aside from a report that some partners want criminal charges brought against chairman Steven H. Davis, as noted in Morning Docket, things have been relatively quiet on the Dewey front over the past day or two. Perhaps too quiet, for some people….

double red triangle arrows Continue reading “Dewey Have Any Updates? Some Say Silence Is ‘Deafening’”

Chris Christie and Haley Barbour: portly potential presidents.

* Thinking of forwarding a juicy email to [email protected]? A federal court recently ruled that forwarding defamatory email is immunized by 47 U.S.C. § 230. [Eric Goldman / Technology & Marketing Law Blog]

* Kelli Space has almost $200,000 in student loans — and she doesn’t even have a law degree. [Gawker]

* Giving thanks (that you’re not Kelli Space): it’s the classy thing to do. And it’s in your self-interest too. Here are some tips. [What About Clients?]

* Is America ready for a pudgy president? It’s a subject of interest to two large lawyers, Governors Haley Barbour and Chris Christie. [The Daily Beast]

* A man charged with DWI by Duke University police advances a very interesting defense. [WRAL]

* After pay cuts, layoffs, and a management shake-up, Ruden McClosky is “poised to grow.” [ABA Journal]

* If you’re gay and flying today, here’s how to make getting your “freedom pat” a little more fun. [We Won't Fly]

* Maybe I shouldn’t have spent all that time at Wachtell. [Manila Bulletin]