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  • May 8, 2012 |

    Dewey puts staff on notice for termination as banks move to secure interest

    Embattled US giant Dewey & LeBoeuf has sent out official notices warning staff in the US that they are risk of mass layoff, writes The AmLaw Daily. Dewey's recently instated executive partner, Stephen Horvath, sent a notice to all US personnel at close of business hours on Friday (4 May) alerting them that "it is possible that adverse developments could ultimately result in the closure of the firm," according to a copy of the memo obtained by The Am Law Daily.

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  • May 4, 2012 |

    Herbert Smith corporate insurance duo quits for Ashurst

    Herbert Smith corporate insurance partners Adam Levitt and Hammad Akhtar have quit to join City rival Ashurst. Levitt and Akhtar handed in their notice last month, leaving Herbert Smith with one corporate insurance partner in London, Geoffrey Maddock.

    1 minute read

  • May 4, 2012 |

    Morgan Lewis to hire Dewey Moscow and Almaty offices and three more partners in City

    Dewey & LeBoeuf is set to see further departures from its European network, with its Moscow office defecting to Morgan Lewis & Bockius, which is also set to hire an additional three partners in London. Meanwhile a German corporate finance team is leaving to launch a Frankfurt office for McDermott Will & Emery. The Moscow team, which is understood to include the entire eight partner office, will launch a Russia base for Morgan Lewis.

    1 minute read

  • May 3, 2012 |

    Escaping groundhog law - can Simmons break the cycle of disappointment?

    As its key rivals bet on aggressive global expansion, Simmons is continuing its efforts to be a top-tier player under its own steam. Sofia Lind asks if the firm has the drive and ambition to avoid being the City's perennial also-ran

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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.

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  • 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