Sources Say Dewey to Close Doors May 15 If Not Before
The efforts of Dewey & LeBoeuf's leaders to save the struggling firm may have reached a dead end, with sources inside and outside the firm telling The Am Law Daily on Thursday that Dewey is poised to close by May 15 and possibly sooner. Dewey has shed about 100 partners since January and faces mounting debt obligations. A Dewey spokesman responded to a request for comment with the following statement: "There is no plan to shut the firm down on May 15."
See related stories: Dewey Vice Chair Morton Pierce on His Way to White & Case and Partner Losses Keep Climbing for Dewey as London Trio Bolts for Morgan Lewis
