Posted Apr 30, 2012 11:17 pm CDT
Nearly a dozen partners have exited Dewey & LeBoeuf within less than a week, putting the total tally of those who have exited the law firm in 2012 at 86 as of Monday, Reuters reports.
Among the latest to depart is Gordon Warnke, who headed Dewey’s tax department and served as a a member of the law firm executive committee. He and partner Joseph Pari have joined Linklaters, the news agency reports.
Meanwhile, Dewey is talking with Patton Boggs and SNR Denton about a possible merger.
Reports differ as to whether Dewey has gotten a one-week extension to avoid defaulting on approximately $75 million it was due to pay Monday to a bank group led by JPMorgan Chase & Co.
The firm’s embattled former chairman, Steven Davis, who is reportedly being investigated along with the firmby the Manhattan district attorney’s office, has retained a criminal lawyer: Barry Bohrer of Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer, the Wall Street Journal Law Blog reports.
In similarly worded statements, both Davis, in an email to partners over the weekend, and Bohrer, in a statement to the newspaper, said Davis did nothing wrong.
In his email, Davis said he deeply regretted the firm’s plight but had “not engaged in any misconduct” and, as chairman, had made all decisions “in good faith and in the firm’s best interest.”