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.
May 01, 2012 at 04:18 AM
1 minute read
The original version of this story was published on Legalweek
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.
The message states: “The [executive committee (EC) and office of the chairman (OC)] have determined that, given the current situation, the priority of the firm should be to help partners to find the best opportunities for their clients, the firm’s employees, and themselves.
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