Within weeks, Dewey & LeBoeuf went from proud US giant to the largest ever legal failure. In the first of a two-part focus, Friederike Heine and Alex Novarese chart the collapse that mesmerised the profession
June 21, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
On a sunny afternoon in mid-May, a small group of Dewey & LeBoeuf employees gathered outside the firm’s Manhattan headquarters at 1301 Avenue of the Americas. Their focal point: a five-foot canvas depicting the law firm’s former chairman Steven Davis.
Behind them, a line of red moving trucks pulled one by one around the corner towards Dewey’s loading dock, with a constant stream of lawyers and support staff exiting the building carrying their personal effects in cardboard boxes.
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