Law Firms

Latest Dewey Defections: Three More Partners Leave, Including Bank and Finance Chair

Updated: Dewey & LeBoeuf’s troubles continue as more partners announce departures for other law firms.

Marshall Stoddard, who led the bank and institutional finance practices group at Dewey, is among a team of at least four finance lawyers headed to Morgan Lewis. He will be co-chair of the finance practice at Morgan Lewis, according to a press release. Two of counsel and at least one associate are joining Morgan Lewis along with Stoddard.

Another Dewey partner, Charley Moore, is also joining Morgan Lewis, according to another press release. A litigator in the oil and gas industry, he was formerly general counsel of the Federal Energy Regulatory Commission.

Meanwhile the only partner remaining in Dewey’s Dubai office, Peter Gray, is leaving for Gibson Dunn & Crutcher, Legal Week reports. At least 76 partners have left Dewey since the beginning of the year.

The news comes as Dewey ousted partner Steven Davis from a five-person leadership team on Sunday amid reports of a preliminary criminal investigation focusing on Davis. He sent an email to partners over the weekend defending his tenure as the firm’s onetime chairman. “My decisions as chairman were made in good faith and in the firm’s best interests,” he wrote. “I trust as this process continues, a dispassionate and disinterested review of the facts will confirm that I have not engaged in any misconduct.”

Updated at 11:10 a.m. to reflect Morgan Lewis correction on confirmed number of lawyers joining the firm. Updated at 11:45 a.m. to include news of Moore’s departure.

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