A heightened sense of urgency gripped Dewey & LeBoeuf on Tuesday as its remaining attorneys and staff awoke to confront the grim prospect that the end is indeed near for an enterprise whose roots go back more than a century.
The latest blow for those who have stuck with the struggling firm amid a wave of partner defections and mounting questions about its finances came in the form of a memo sent by management to the firm’s partnership late Monday that said, “[A]ll partners, including [executive committee] and [office of the chairman] members, are encouraged to seek out alternative opportunities for themselves or groups of partners.”
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