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  • May 3, 2012 |

    Dewey on the brink as City crisis committee turns to BDO

    The fate of embattled Dewey & LeBoeuf's City arm looked sealed this week as a newly-appointed London crisis management committee began assessing options for an orderly wind-down of the business.

    1 minute read

  • May 3, 2012 |

    Dewey London head quits firm as US M&A star heads for White & Case

    Dewey & LeBoeuf's London managing partner Peter Sharp has agreed a deal to take a team of City litigation partners to Morgan Lewis & Bockius, while US corporate heavyweight Morton Pierce is joining White & Case along with seven other partners. Sharp, who resigned from Dewey this morning, will be joined at Morgan Lewis's City base by fellow London litigation partners David Waldron - who co-chairs both the firm's litigation group outside of the US and the energy litigation practice group - and Nick Greenwood.

    1 minute read

  • May 2, 2012 |

    Skadden strengthens Hong Kong corporate with Paul Hastings hire

    Skadden Arps Slate Meagher & Flom has moved to restock its Hong Kong corporate practice with the hire of Paul Hastings partner Christopher Betts. Betts joined Skadden this month after just over two years with Paul Hastings, where he was promoted to partner in September 2010.

    1 minute read

  • May 1, 2012 |

    Dewey encourages partners to seek out new roles; latest exits join CC and Links

    Dewey & LeBoeuf's firmwide management has issued a memo telling its remaining partners that they are under no obligation to stick with the firm in its current state, reports The Am Law Daily. According to a source with knowledge of the memo's contents, the message was intended to let partners know that fiduciary duties do not restrict them from considering or pursuing career alternatives outside those the firm is discussing with possible transaction partners.

    1 minute read

  • April 29, 2012 |

    Ex-Dewey chair Davis ousted from management amid criminal probe

    The Manhattan district attorney's office has opened an investigation into allegations of wrongdoing by former Dewey & LeBoeuf chairman Steven Davis, who was this weekend removed from the firm's management team. Davis has been ousted from both Dewey's executive committee and the recently formed five-partner 'office of the chairman', while the firm has appointed two of its own lawyers to lead an internal probe, according to a memo issued by Dewey management and obtained by The Am Law Daily.

    1 minute read

  • April 26, 2012 |

    Senior UBS lawyer join's Ashurst's London litigation team

    Ashurst has strengthened its London litigation practice with hire of David Capps from UBS, where he was EMEA head of litigation and regulatory investigations. Capps, who focuses on regulatory, disputes and risk management issues in the financial services sector, will join the UK top 20 firm in June.

    1 minute read

  • April 19, 2012 |

    Friends in high places - the controversies dogging the SEC

    "If the SEC gave JP Morgan a pass because it was doing the Government a favour by taking over Bear Stearns in a crisis, then it should come out and say so. Otherwise, it is hard to understand why the SEC never brought this case..."

    1 minute read

  • April 19, 2012 |

    Firm duo act on Virgin Care healthcare contract deal

    Mills & Reeve and Morgan Cole have taken lead advisory roles for healthcare provider Virgin Care on a £500m five-year contract with NHS Surrey. Corporate partner Julian Smith fronted the Mills & Reeve team acting for Virgin Care, supported by real estate partner Andrew Ray, NHS procurement partner Gill Thomas, human resources partner Martin Brewer and a team of eight lawyers including lead associate and service contract specialist Julie Jordan.

    1 minute read

  • April 19, 2012 |

    Making Mayer add up – can the Anglo-US challenger make the equation work out?

    "Maher's departure forced the US to take a closer look at the firm's remaining corporate clients in London, and it looked pretty grim. The City office had to redefine itself and change its client focus, which inevitably resulted in departures..."

    1 minute read

  • April 19, 2012 |

    Dewey presses to secure debt terms as international losses escalate

    Turmoil at Dewey & LeBoeuf this week spread to the firm's international offices as it emerged that the new management team is pressing to restructure its debts. The firm's Dubai and London offices have seen a string of partner departures, with teams and individuals in countries including Italy and Russia also considering splitting away from the embattled US firm.

    1 minute read