Posted Apr 23, 2012 12:14 pm CDT
As Dewey & LeBoeuf considers its options, the new lawyers it has hired are facing an uncertain future.
The start date for incoming first-year associates has been deferred until January 2013, one anonymous member of the incoming class told the Am Law Daily. Summer associates are also facing uncertainty, according to an anonymous career counselor who spoke to the publication about Dewey’s message to his students.
Dewey representatives “haven’t said you should be looking for a job, but they haven’t said you have a job either,” the career counselor said.
Dewey has lost nearly 70 lawyers and is reportedly considering a prepackaged bankruptcy that would allow a merger partner to avoid Dewey debts and unfunded pension obligations. The firm says it is considering a variety of options.