Now in Legal Rebels:
Posted Apr 27, 2012 10:18 pm CDT
Amidst news that the Manhattan district attorney’s office is investigating allegations of financial improprieties by the former chairman of Dewey & LeBoeuf, it appears that Greenberg Traurig may be rethinking its merger discussions with the troubled law firm, which has lost at least 70 of its partners since January.
In a written statement provided Friday to the New York Times’ DealBook blog, Greenberg Traurig not only said there is no merger planned but suggested that the firm is looking at possibly taking on only “some” of Dewey & LeBoeuf’s lawyers rather than the entire firm.
“We have a great deal of respect for Dewey LeBoeuf and many of their quality lawyers,” Greenberg said in its statement. “While we have had preliminary discussions relating to some of its lawyers, there are no commitments nor agreements and we are not involved in the firm’s financial situation or relationships.”
Dewey has acknowledged the DA’s investigation in an internal memorandum to its partners and is also conducting its own internal investigation of the allegations against Steven H. Davis, Dealbook reports. He did not respond to the newspaper’s requests for comment.