Fox Business - The Power to Prosper
Search Site

Dewey & LeBoeuf

Major law firms Weil, Patton Boggs face layoffs, defections

In a sign that the financial challenges buffeting the law industry continue unabated, two major U.S. firms are facing significant staff reductions.Weil Gotshal & Manges, one of the world's most prominent firms, said on Monday it would lay off 60 associate lawyers and 110 support staff.Meanwhile, Patton Boggs, a Washington, D.C.-based firm known best for its lobbying practice, confirmed that 17 of its partners announced last week they would be departing.The moves come as many law firms have reduced staff levels in the wake of the financial crisis, with demand softening and corporate clients pushing for lower fees.The 1,200-lawyer Weil Gotshal, based in New York, announced the layoffs in a memo to its staff on Monday, saying that the "new normal" for the legal services market had forced its hand. In addition to the layoffs, the firm said it would cut compensation for some of its partners."It appears that the market for premium legal services is continuing to shrink," Weil's executive par...

Read More

  1. Dewey and LeBoeuf Settlement Reached

    U.S. Bankruptcy Judge Martin Glenn approved on Tuesday a $71.5 million settlement between former partners of Dewey & LeBoeuf and the bankrupt law firm's estate.The s...

  2. Dewey & Leboeuf Files for Chapter 11

    FBN's Tracy Byrnes breaks down afternoon market news.

  3. Dewey Files for Chapter 11 Bankruptcy

    The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to f...

  4. Analysis: CEOs count on cash to cushion default risk

    By Scott MaloneBOSTON (Reuters) - Memo to Washington from corporate America: unemployment is high, confidence is low and your bickering over the country's debt is th...

  5. Dodgers File for Chapter 11 as McCourt Struggles to Keep Club

    Just days after a key $3 billion television contract was nixed by Major League Baseball , the debt-ridden Los Angeles Dodgers filed for Chapter 11 bankruptcy on Mond...

  6. Analysis: Arab spring likely to leave oil firms unscathed

    By Tom BerginLONDON (Reuters) - Western oil firms are unlikely to face widespread asset seizures or contract revisions as a result of Arab uprisings, thanks to deft ...

  7. Benefits of Bankruptcy

    Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on why in some cases bankruptcy helps turnaround a company quicker.

  8. Is Bankruptcy Too Attractive of an Option?

    Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on whether businesses are too quick to consider bankruptcy.

  9. Ambac Sues U.S., Says IRS May Ruin Bankruptcy

    Bond insurer Ambac Financial Group Inc (NYSE:ABK) has sued the United States to block a seizure of $700 million of tax refunds that it said could destroy its ability...

  10. ANALYSIS-NJ-SEC settlement lacks bite, could spur lawsuits

    By Joan GrallaNEW YORK (Reuters) - The U.S. Securities andExchange Commission's settlement with New Jersey over flawedbond disclosures has left experts questioning w...

  11. Is Bankruptcy Too Attractive of an Option?

    Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on whether businesses are too quick to consider bankruptcy.

  12. Benefits of Bankruptcy

    Allmand and Lee Founder and Partner Reed Allmand, Dewey and Leboeuf Department Chair Martin Bienenstock and Ziggy Cartoonist Tom Wilson on why in some cases bankruptcy helps turnaround a company quicker.

  1. Major law firm Weil to lay off staff, cut partner pay

    Weil Gotshal & Manges, one of the world's most prominent law firms, said on Monday it would lay off 60 associate lawyers and 110 support staff, a sign that the finan...

  2. Judge approves $19.5 million Dewey mismanagement settlement

    A New York federal judge on Thursday approved a settlement that requires the insurer and former chairman of defunct law firm Dewey & LeBoeuf to pay $19.5 million to ...

  3. Citibank and former Dewey partner resolve loan dispute

    A former Dewey & LeBoeuf partner has resolved a dispute with Citibank after he accused the bank of defrauding him and his fellow partners when they signed up for a l...

  4. IRS Deal Pushes Ambac to Brink of Bankruptcy Exit

    A judge on Monday approved Ambac Financial Group Inc.'s (ABKFQ) settlement with the Internal Revenue Service over the very tax issues that helped tip the bond insure...

  5. Dewey ex-chairman agrees to proposed settlement to resolve claims

    The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey's trustee and insurer to resolve claims...

  6. Judge approves Dewey & LeBoeuf liquidation plan

    A federal bankruptcy judge approved the liquidation plan for Dewey & LeBoeuf on Wednesday, a milestone in the winding down of the collapsed law firm that paves the w...

  7. WEEK AHEAD: Hostess to Hold First Bankruptcy Auction

    Hostess Brands Inc. will send its first group of brands, including Wonder Bread, to the auction block next week as part of its bankruptcy liquidation.Flowers Foods I...

‹ Prev12Next ›
Freebase CC-BY
Source: Dewey & LeBoeuf on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL