BankruptcyMisconduct is not 100% sure how candid The Gang Of Four and the Chairman intended to be on this memo.  According to the Wall Street Journal, the following memo was sent to all employees at Dewey LeBoeuf.  We wonder if the phrase "nothing definitive" was intended to include things like "future paychecks", whether the office doors will be padlocked in a few days, and whether the firm intends to go lawsuit crazy on its own former partners.

    TO: Global Personnel

    You have undoubtedly read press reports speculating about the future of the firm, including one in the Wall Street Journal based upon anonymous stating that we have “discussed filing a prepackaged bankruptcy plan that would allow a merger partner to take on the firm free of its mounting debts and substantial unfunded pension obligations.” The fact is, like any good managers, we are considering various paths including continuing to operate as an independent global law firm and a strategic combination with another leading law firm, the latter of which could take many forms. Nothing, however, at this point, is definitive. As soon as something more definitive comes into focus, we will of course let you know. In the meantime, the best way to ensure the firm’s success is to continue to focus on doing great work for our clients.

    Office of the Chairman

    Charley, Jeff, Martin, Rich and Steve

 

We note for the record that Marty is being formal.

Dewey_LeBoeuf_NothingIsDefinitive.pdf

 

Steven H. Davis, Chairman of Dewey & LeBoeuf LLP just announced in March of 2012 a "reduction" of 5% of lawyers and 6% of support staff.  But we'd be remiss if we failed to quote this little tidbit:

Dewey & LeBoeuf has, in the last couple of days, been the subject of press stories on U.S. legal blogs.

Hmmmm...
How about that.  The top dog could have just announced the "right sizing" - but no.  Mr. Davis willfully chose to bestow credibility upon an unnamed collection of internet sites dealing with the legal industry.  BankruptcyMisconduct is neither insulted nor unsurprised.  Shan't we revel in life's simple pleasures?
And interestingly, the press release also reveals:

Some recent partner departures have been consistent with the firm’s strategic planning for 2012, and we expect some additional partners to leave.

How do partner defections fit into "strategic planning"?  That could make sense if they really meant to say "terminations" instead of "departures".  Remember that whenever a firm operates in the zone of insolvency - the corporate doublespeak can flare up to aid the hope for plausible deniability, and such might be the case here.  But the point which really tweaks our bullshit meter is that they expect more partners to leave.  Really?  Why don't you just tell us who, or at least how many and when?  Do you expect any more rainmakers or department heads to leave?

Well, Dewey & LeBoeuf are a private company so they need not tell us the truth.  And we've got a feeling that their remaining employees, and the non-terminated partners 'expected' to abandon ship, don't expect it either.

Download the file Dewey_LeBoeuf-legal-blogs-rumors-confronted.pdf for free from BankruptcyMisconduct.com

Yo Dawg:  Once you in the family, you can't go it alone.  That is to say, you had your chance to cut a deal and you failed to grab it.  

Seriously folks, while one can always approach a prosecutor from out of the blue - in this case Warren was warned - and the possibility of a deal implied.  Warren "called the bluff" because noone ever indicts a BigLaw firm anyway ... Right?

Law pawns around the U.S. Take Note!  Whatever was the fire lit beneath Vance's Snow White Ass, the simple fact is that lawyers engaged in organized crime are now in play too.

 Download Dewey_LeBoeuf__Warren_Peoples-Opposition-to-Severance-Motion.pdf

Crack is really Wack!
Cyrus Vance nails Warren's Ass
Sucks to be a Zach

Download Dewey_LeBoeuf__Warren_FALSIFYING_BUSINESS_RECORDS.pdf for free!