Alas, not all the news coming out of Stroock is this happy. We’ve just learned that the firm is planning to cut the ranks of its legal secretaries….
- Biglaw, Fulbright & Jaworski, Law Firm Mergers, Layoffs, Pillsbury Winthrop, Severance, Staff Layoffs
The law firm of Fulbright & Jaworski is a leader in many fields — at least 31 of them, according to the latest Chambers rankings. In addition to recognizing Fulbright as a leading firm in 31 categories, the influential Chambers guide also named 99 Fulbright lawyers as leading individuals in their practice areas.
And now it seems that more reductions might be on the way. Could Fulbright be trying to slim itself down in advance of a merger with another firm?
- Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, JPMorgan Chase, Money, Partner Issues, S.D.N.Y., Severance, Sexism, Sexual Harassment, Thompson & Knight
Why Dewey Owe More Than $400K to a Former Associate?
(And a report on Dewey’s day in bankruptcy court.)
As we reported late on Monday night, Dewey & LeBoeuf has filed for bankruptcy — the largest law firm bankruptcy in U.S. history, in fact. You can access a copy of Dewey’s voluntary petition to enter Chapter 11 over here (via Scribd).
Yesterday afternoon, Dewey’s lawyers appeared in U.S. Bankruptcy Court for the Southern District of New York. The firm’s lead lawyer, Albert Togut, introduced himself as follows: “I can finally confirm the worst-kept secret of the year. I am counsel for Dewey & LeBoeuf.” He’s going to be a very busy man over the weeks and months ahead.
Let’s find out what happened at the hearing, and also take a closer look at one of Dewey’s most intriguing unsecured creditors: a (rather attractive) litigatrix, a former Dewey associate now at another firm, who is owed more than $400,000 in “severance” by D&L….
- Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Greenberg Traurig, Lateral Moves, Layoffs, Money, Musical Chairs, Severance, Staff Layoffs, Sutherland Asbill & Brennan
Based on recent remarks by current and former leadership at Dewey & LeBoeuf, it seems that the firm is going to end with a whimper, not a bang. The current plan apparently involves no bankruptcy filing or dissolution vote, but just the defection of one partner after another, until nobody is left.
And the partner departures continue. As we mentioned in Morning Docket, for example, Greenberg Traurig just picked up about 50 Dewey lawyers over in Poland, to form Greenberg Traurig Grzesiak. Meanwhile, here in New York, Sutherland Asbill & Brennan has added insurance litigatrix Ellen Dunn, former co-head of D&L’s U.S. litigation practice, to its ranks.
While the partner stars realign themselves, back here on earth, last night brought bad news for former Dewey associates and staff….