As Dewey Sinks, Davis Backers Take Aim at Pierce Over Brother's Unpaid $9.6 Million Legal Tab

, The Am Law Daily


Rallying to Steven Davis's defense, several of his former LeBoeuf, Lamb, Green & MacRae colleagues are taking issue with what they see as a concerted effort by those tied to legacy firm Dewey Ballantine to blame the ousted Dewey & LeBoeuf chairman for all the struggling firm's woes. One thing Davis's defenders say he can't be faulted for: Dewey's inability to collect on the whopping tab racked up representing the late brother of former vice-chairman Morton Pierce on SEC charges.

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What's being said

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    It looks to me that the firm and its management might have been engaged in a lot of wrong doing. The criminal case against the firm will unearth a lot of the secrets and dirty laundry. Also I see clients filing a civil case against the firm to try and recover some money because of the financial behavior by the firm, that may have put their money at risk or their money being deceived out of them.

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