New York–based corporate law firm Dewey & LeBoeuf, in the midst of a collapse under a substantial amount of debt, hemorrhaged at least ten more partners today, bringing its total partner loss this year to roughly 85 of the firm's 300. Partners who left today fled to other firms including Clifford Chance and Covington & Burling. According to the Times, the crumbling firm's leadership is attempting to prearrange a bankruptcy filing combined with a merger with another firm; however, talks of joining with mega-firm Greenberg Traurig ended on Sunday. In addition, the firm said on Friday that Manhattan's district attorney was investigating possible financial improprieties by the firm's former chairman. Something positive, wrapped in something lousy? Sure. Some former partners are setting up a fund for staff and junior lawyers who may soon be out of a job; the market is rough for young associates and the machines may be taking the jobs no attorney really wants.
Most Viewed Stories
Pop Culture Died in 2009: Gossiping With the Best Celeb Blogger on Tumblr
Drake’s Views Is Available on Apple Music, iTunes
The Daily Show’s Lewis Black Addresses Live’s Kelly Ripa and Michael Strahan Situation Like the Goddamn Disaster It Is
Breaking Down Every Song on Drake’s New Album, Views
What’s New on Netflix: May 2016
Chelsea Peretti and Jordan Peele Eloped and Their Only Wedding Guest? This Ridiculous Dog
‘Isn’t This Funnier?’ New Girl Creator Liz Meriwether Recalls the Making of the Prince Episode
Mario Lopez and Anderson Cooper’s Thirst for Michael Strahan’s Live Gig Is Going to Cause a Drought
El Quinto Pino Is Serving a Frito-Pie-Inspired Take on Huevos Estrellados
When Did Audiences Stop Taking ‘Middlebrow’ Television Seriously?
Latest News from Daily IntelligencerProtesters Clash With Police, Block Trump’s Motorcade Outside California GOP Convention
Demonstrators reportedly delayed the GOP front-runner.These Pigeons Are Lighting Up the Brooklyn Night Sky
It’s a project called “Fly by Night,” which sends 2,000 extremely well-trained pigeons into the night sky.United States Confirms Its First Zika Death
The victim was an elderly man in Puerto Rico.An English Soccer Team Is on the Verge of One of the Most Improbable Championships Ever
The odds of Leicester City winning the English Premier League were 5,000-to-1.In the Shallow End of the (High-Risk) Pool
Paul Ryan hauls out a bad old idea to toss sick people into their own little health-insurance ghetto.‘What’s Delegate Allocation vs. Delegate Selection?’: A GOP Nomination-Process Guru Answers All
The road through Cleveland often seems insanely complicated. But if anybody knows the answers to the key questions, it's the University of Georgia's Josh Putnam.ISIS-Related Group Releases Hit List With Thousands of Random New Yorkers on It
The FBI is notifying everyone named.NYPD Officer Who Stomped on Man’s Head Found Guilty of Assault
Joel Edouard faces up to a year in prison.Marco Rubio Goes From #NeverTrump to Ready for Trump
How shocking to see Rubio abandon the principles he had expounded with such conviction!1,000-Foot Skyscrapers Are the Newest Status Symbol for NYC Boroughs
Within a week, Brooklyn and Queens both announce plans for their own.
Will he move to a high-unemployment coal-mining town in West Virginia? A meth-ravaged exurb in the Inland Empire?North Korea Sentences Another American to Hard Labor
Kim Dong Chul was arrested for "spying" late last year.
"We're not using Las Vegas as a bargaining chip," he said. "This is real."The Bernie Camp’s Really Bad Idea of a ‘Tea Party of the Left’
The notion that there's some bipartisan supermajority out there waiting to be mobilized to enact Bernie Sanders's agenda is, in a word, delusional.Things Got a Little Out of Hand at Last Night’s Anti-Trump Protest
Orange County demonstrators clashed with Trump supporters and damaged police vehicles.Amal Clooney Offers a Fascinating Scenario for Donald Trump Losing the Presidential Election
Defeat can send strong messages.Enjoy Your Free Plastic Bags While You Can, New Yorkers
City Council speaker Melissa Mark-Viverito has backed a bill that would slap a five-cent surcharge on each one.Does Bernie Sanders Really Deserve Any Concessions From Hillary Clinton?
If Democrats actually do agree with Bernie on big issues, there's a better way to make that clear.If We Want to Be Like Denmark, Whom Do We Tax?
We need to know before the end of the Democratic primary!Republican Elites Resign Themselves to Trump
Party members both on and off Capitol Hill are coming around to the idea of Trump as the nominee.