Ex-Dewey Chair Davis Settles Mismanagement Claims

, The Am Law Daily

   |1 Comments

Steven Davis—one of three former Dewey & LeBoeuf leaders often faulted for causing the firm's collapse—has agreed to pay the Dewey estate more than half a million dollars to resolve allegations that his stewardship was indeed to blame. Dewey insurers, meanwhile, have agreed to contribute $19 million to the estate.

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What's being said

  • Harold Berk, Esquire

    How greedy lawyers prostituted themselves and the noble name of Dewey Ballantine for their short term gains. Promising incoming partners $million dollar signing bonuses and guaranteed partner compensation regardless of productivity was a travesty. Perhaps our weak kneed U.S. Justice Department should investigate and consider prosecution for wire fraud and other crimes..

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