Dewey’s leaders discuss downfall, next steps

Law firm’s leaders explain reasons behind the losses, say firm still does not plan to file for bankruptcy

The well-publicized collapse of New York law firm Dewey & LeBoeuf likely is coming to its closing chapters. The firm has now lost about 160 of its nearly 320 partners since January 2012 to other firms, with 81 of those partners having announced their departures in May. And for many of the firm’s associates and staff, this will be their last week of employment.

Yesterday, two members of Dewey’s office of the chairman—the four-person leadership group—spoke to the Wall Street Journal about how the collapse has come about, and what they expect to happen next.

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