A former structured finance partner at Dewey & LeBoeuf said he left the firm in late 2010 to join Katten Muchin Rosenman as part of a group of 13 partners and associates because he was not paid the compensation he was promised and found out about the firm’s 2010 debt offering to investors only through a client.
“At that point, I realized the firm was in significant financial distress, and it was not a place where I wanted to have my practice,” said Howard Schickler, testifying Tuesday in the ongoing criminal trial of Dewey & LeBoeuf’s ex-chair Steven Davis, ex-CFO Joel Sanders and former executive director Stephen DiCarmine.
