SPONSOR SPOTLIGHT
Dewey's death spiral
Formed in 2007 through the merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae, Dewey & LeBoeuf aspired to be a global force in the legal profession. The firm this year ranked No. 20 on the NLJ 250 list of the largest law firms by headcount and No. 28 on The American Lawyer’s list of the largest firms by revenue. Yet it found itself exposed to a reported $225 million in bond and bank debt and was struggling financially. A rush for the exits ensued, and the firm is expected to close on May 15.
For a complete list of partners who have left the firm in recent weeks, see our sibling publication The American Lawyer's Dewey Departure Tracker. Below is a timeline of key events in Dewey's decline.
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