In Early Reviews, Former Dewey Partners Pan Settlement Plan with Mix of Skepticism and Anger

, The Am Law Daily

   |1 Comments

A day after being asked to pay the bankrupt Dewey & LeBoeuf estate between $25,000 and $3 million apiece in exchange for a blanket liability waiver, several former firm partners zeroed in on what they feel are serious inequities built into the proposal.

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What's being said

  • andrew g

    I've known and respected people from LeBoeuf and Dewey, and went to law school with both. I'm glad the resisting partners are resisting. The proposal stinks to high heaven. It is an audacious attempt by the engineering partners to bail themselves out at the expense of their former colleagues. And their readiness to let the principal actors off the hook is breathtakingly cynical. I have no dog in this fight but I hope, for the sake of common decency, that they don't succeed. Many of us in the profession are fond of gibing the arrogance of big firm lawyers. This gives us enough ammunition for a few more gibes. I'm tempted to say I hope my brothers in law and my schoolmates can stick to their guns. The only thing that inhibits me from giving in to that temptation is the thought that -- being big firm lawyers -- they might be doing likewise if the shoe was on their feet. EXECUTIVE SUMMARY: I'm not saying "a plague on both your houses." But neither am I saying "no plague on anybody's house." Maybe I'm saying "the proposal is obscene, but let the microbes fall where they may." -- A.

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