Why are so many former Dewey partners moving on to new firms?
About a third of the partners at collapsed law firm Dewey & LeBoeuf have left the new firms that hired them, according to a new analysis.
Bloomberg’s Big Law Business says it found that about a third of Dewey’s 300 partners have leaped from their new firms to other law firms.
One anonymous former Dewey partner attributed the multiple moves to hasty decisions made after Dewey’s downfall in 2012. “Everyone had a gun to their head, and you had to do something,” the former partner said.
In some cases, those who moved on were motivated by client conflicts, cultural conflicts and strategic disputes, the story says.
Manhattan legal recruiter Robin Miller told Big Law Business that the partner movement is part of a turnover trend in BigLaw. She estimates a standard amount of time at the 100 largest firms is three to five years.
