By Kevin McCauley
Sitrick & Co. represents Dewey & LeBoeuf, the law firm that has been the subject of a spate of negative press following partner departures and cuts in compensation after an earnings miss.
The New York Times (March 15) ran a piece called “Lean Times for Dewey LeBoeuf,” which reported that the “turmoil at Dewey is the result of financial missteps by the firm’s management.”
Dewey chairman Stephen Davis gave a “pep talk’ to partners at its New York headquarters on March 21 to bolster confidence in the firm.
The Wall Street Journal (March 22) noted that while the firm has lost 30 partners since the beginning of the year, management says many were asked to go and “that compensation to partners has been adjusted to better align with the firm’s profits.”
The old-line law firm was once run by New York Governor and Presidential candidate Tom Dewey.
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