
Biglaw Adviser Says: These Layoffs Weren’t Personal, They Were ‘Appropriate’
Why is it such a big deal when law firms conduct layoffs?
Why is it such a big deal when law firms conduct layoffs?
* Let’s get ready to rumble! Not wanting to be left out of the party, Oklahoma has also asked the Supreme Court to take a look at its same-sex marriage statute which was recently slapped down by the Tenth Circuit. [National Law Journal] * Dewey know what financial restructuring adviser Joff Mitchell of Zolfo Cooper said to this failing firm’s partners right before it flopped for good? “Look, there is no way here to save this firm.” Ouch. That had to have sucked. [Forbes] * The examiner who was appointed to monitor law firm billing for the City of Detroit’s bankruptcy is now questioning Dentons’ fees of up to $27K per month to talk to the press. Whoa there… [Detroit Free Press] * Working Mother and Flex-Time Lawyers have released the latest ranking of the Top 50 Law Firms for Women. Vivia Chen feels “a bit dirty” after reading the list — and you probably should, too. [The Careerist] * Leisure Suit Larry’s successors are here to stay for a while: Case Western Reserve Law’s co-interim deans will stay on in their current positions for the upcoming school year. [Crain's Cleveland Business]
A survey of professionals reveals the impact of legal work, clients, concerns, and future roles.
Which high-powered adviser is Patton Boggs talking to, and why?
What's the latest bad news for the troubled law firm of Patton Boggs?
What happened at this morning's hearing to confirm Dewey's bankruptcy plan? Detailed commentary, plus photos.
* Dewey know whether Judge Martin Glenn approved this failed firm’s $71.5 million partner contribution plan? We certainly do, and D&L’s chief restructuring officer, Joff Mitchell of Zolfo Cooper, is simply “delighted” about it. [Wall Street Journal (sub. req.)] * Bitch better have my money? The United States is suing Wells Fargo under the little known Financial Institutions Reform, Recover, and Enforcement Act for allegedly screwing it out of approximately eleventy billion dollars. [DealBook / New York Times] * “Flat is the new up for the legal sector,” except in Cleveland, because law firms there have been on hiring sprees throughout 2012. But unfortunately, there is a down side — it’s Cleveland. [Cleveland Plain-Dealer] * Diversity: no longer just an old wooden ship. Almost every law school-related amicus brief filed in Fisher v. University of Texas has backed the consideration of race in admissions decisions. [National Law Journal] * There’s officially at least one benefit in attending Thomas M. Cooley Law — the school collects so much money from students that it’s able to attract big-name speakers, like ex-rocker Henry Rollins. [Michigan Live]
Here’s What The Best Ones Are Doing Differently.
Here are spreadsheets showing how much Dewey's 109 most highly compensated partners earned in 2011 and 2012, along with how much they are being asked to contribute in "clawbacks" under the "Partnership Contribution Plan." Enjoy!
The latest Dewey developments: partner reactions to the proposed settlement plan, how to handle or dispose of thousands of boxes of client files, and pension problems for ex-employees.
Dewey have a chance of settling with ex-partners? Here's the latest news on the Dewey bankruptcy front.
What are the broad outlines of a possible settlement between the Dewey & LeBoeuf bankruptcy estate and former partners of the firm?
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How much are Dewey's bankruptcy lawyers and other advisers charging? And what else is going on in this epic law firm bankruptcy?
What happened at yesterday's bankruptcy court hearing for Dewey & LeBoeuf? And why does the firm owe more than $400,000 in "severance" to a former associate?
It was only a matter of time: Dewey & LeBoeuf has filed for bankruptcy.
Dewey have plans to file for bankruptcy? Apparently so, sources say.