Former Dewey chairman lands a new job
Posted Jan 2, 2014 7:38 AM CDT
By Debra Cassens Weiss
Former Dewey & LeBoeuf chairman Steven Davis has a new job that should help him pay off his $511,000 settlement with the defunct firm’s bankruptcy trustee and liability insurer.
Davis will become the top in-house legal adviser for the government of Ras al Khaimah in the United Arab Emirates. The Wall Street Journal (sub. req.) broke the news, which was also reported by Reuters and the Am Law Daily. He will relocate for his new job, in which he will oversee a legal affairs department within the government’s Investment and Development Office.
Davis’ settlement requires him to pay 8 percent of his annual earnings over a six-year period toward the $511,000 and interest on the unpaid balance, according to coverage of the deal last May. After the last March 2019 payment, any unpaid remainder will be forgiven.