Though Dewey & LeBoeuf leaders spent much of the week publicly denying that they are poised to shut down the struggling firm, Friday ended with the clearest signal yet that the end is in fact drawing near.
Dewey’s recently instated executive partner, Stephen Horvath, sent a notice to all U.S. personnel at close of East Coast business hours alerting them that “it is possible that adverse developments could ultimately result in the closure of the Firm,” according to a copy of the memo obtained by The Am Law Daily. The bulk of the letter includes disclaimers related to the Worker Adjustment and Retraining Notification Act, which requires companies to give 60 days’ public notice (and 90 days in New York) if a mass layoff is planned.
