Dewey's Martin Bienenstock: Partnership, Professionalism, and What to Tell the Kids

, The Am Law Daily

   | 3 Comments

As someone whose credentials include serving as an instructor at Harvard Law School, Bienenstock—like any educator—is a role model for students. So what have future attorneys been learning from him?

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What's being said

  • Reader

    While there may be many questions about the demise of D&L for which we have no answers, several things are clear. First, there were many at the top of the firm who were looking out for themselves, rather than the partnership and the thousands of employees working there. Second, many partners who learned the details of the guaranteed payouts owed to select partners quickly bolted as they knew the payouts were inequitable and unwise, at best, from a businessness standpoint. Third, partner after partner after partner, even those in the executive suite, bolted from the firm as soon as they suspected that the ship may be going down, rather than stick around to right the ship. Fourth, there is little, if any, evidence that any of the partners cared about anyone but themselves. I feel sorry for all the associates and staff that are now unemployed as a result of the terrible choices made by the partners in charge, who are now working at other firms. Take note associates and staff, there are many lessons to be learned from the demise of D&L.

  • Poor

    The moral haughtiness of this piece is someting else. There's no substance to it, the accusations are unfair, and the authors know full well the partners in quesion are not in a position to respond. The only purpose seems to be to humiliate former partners of Dewey who are probably feeling pretty shitty anyway. I've read numerous articles like this in recent days and weeks (the one in The Lawyer about Peter Sharp comes to mind as well). The common theme appears to be people (bloggers, smug journalists, two-bit commentators) who were not directlty involved trying to imply that those that were should have followed some sort of just and honorable path, which is so blindingly obvious to everyone outside the maelstrom - with the benefit of hidsight and detachment of course. The fact is that if the s**t has hit the fan, and things are moving at 100 mph, self-preservation is going to kick in and you are likely to make mis-steps in what is a once-in-a-lifetime proferssional scenario.

  • Anonie

    Why don't you ask these questions of the person in question? I am not saying you are a piece of trash but implying there were breaches of fiduciary duties and fraud, without actually investigating the factual basis or laying out any actual legal arguments, when you full well know the details matter. This is just terrible, terrible journalism. Your blog is a disgrace. In my opinion. Good luck.

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