Wrapping Up Dewey

by lawshucks on May 29, 2012

Forgive any unintended offense, but as we think about the untimely demise of Dewey & LeBoeuf, we can’t help but think of the 1985 comedic triumph Fletch.

Dr. Joseph Dolan: You know, it’s a shame about [Dewey & LeBoeuf].
Fletch: Oh, it was. Yeah, it was really a shame. To go so suddenly like that.
Dr. Joseph Dolan: Ahh, [they were] dying for years.
Fletch: Sure, but… the end was really… very sudden.
Dr. Joseph Dolan: [They were hemorrhaging partners for eight months]!
Fletch: Yeah, but I mean the very end, when [they actually filed]. That was extremely sudden.

The firm has been added to the BigLaw Dead Pool, based on last night’s petition for bankruptcy.

They become the 23rd firm that has been ranked in the AmLaw 100 that ultimately failed.  It was by far the largest.

Layoffs

We’re going to count their layoffs as layoffs.  Here’s the relevant rule from our methodology, which has been in place from the beginning.

A number of events, like the Heller dissolution, aren’t included here because those are complete failures of a firm, not just selective layoffs.

Best we can tell, both Howrey and Heller laid people off after closing up shop. We’re using the full 533 count per the WARN filing, since those were done before the bankruptcy filing (notwithstanding our delay in putting it into the database).  We have them allocated 60/40 staff/lawyer because that’s the average ratio for the 15,000 other people we’ve tracked.

We may also have to adjust that number downward if we can confirm that it includes the 130 people the firm laid off in March.

Counting previous layoffs, the firm laid off 902 total people 520 staff, 382 lawyers (allocation may vary as we get better information).  That’s by far #1.  Allen & Overy drops to #2 with 617.  More effects on the rankings can be found in the Top 10 Layoff Lists.

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Get on the Mic, My Man

by lawshucks on May 4, 2012

Sorry about the formatting.

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London Layoffs Back

May 4, 2012

In 2009, UK firms were ahead of the curve in laying people off.  Could that trend be starting again? Herbert Smith, #29 on the 2011 Global 100, is reportedly laying off up to 51 London lawyers and staff – three percent of that office’s headcount.  The firm has about 1100 total lawyers. The corporate cuts […]

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Dewey Death Watch

May 1, 2012

So it’s officially on.  We’ve been quiet about the whole Dewey imploding thing.  In part, it’s because of other commitments, but it’s also because until a couple of weeks ago, we really thought this was going to end up being more like White & Case’s troubles of 2009-2010, or Cadwalader’s 2008-09, than Howrey. Those three […]

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Jordan Harbinger, Interesting Guy, Not Best Face of BigLaw Layoffs

April 22, 2012

Major law firms have laid off more than 15,000 people, almost 6,000 of which are lawyers.  Given that sample size, we have to believe that there are a few who would elicit a little more sympathy for the rest than Jordan Harbinger. Harbinger is actually really interesting, and is making lemons out of lemonade.  He’s […]

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Quick Update

April 19, 2012

Way behind on a bunch of stuff around here due to work.  Always looking for help, so please reach out if you want to volunteer.  Need content, curators for the trackers, etc.  Oh, and sponsors.  Surely, some smart company wants to reach our distinguished, successful, and astonishingly good-looking audience?  The race between spousal patience and […]

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Baker & McKenzie Closing San Diego, 19 Laid Off

March 23, 2012

Seven lawyers and twelve (minimum) staff getting severance packages. A spokesman for Baker & McKenzie said that partner Colin Murray will relocate to the firm’s San Francisco office, as will partner Chuck Dick until his retirement this summer. Former partner Ali Mojdehi has now left the firm. According to a filtered search on the website […]

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Clifford Chance Cuts 13 More

March 23, 2012

Thirteen capital markets and finance associates in London facing redundancy.  The action is reportedly based on low attrition – which means they’re either replacing lower-performing junior and midlevel associates with untested fresh meat, or pandering to their relationships with the law schools by keeping up new hiring. The firm has now laid off a reported […]

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Perkins Coie Gives Freemium a Try

March 16, 2012

Perkins Coie is jumping in with its startup clients and giving the freemium model a try. For those who don’t know, it’s basically a fancy word VCs use to describe companies that give away a functional but bare bones product or service in order to generate scale in the hopes that some segment will convert […]

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Holland & Hart, Blank Rome Defending Hostile Bid For PPV Porn Company

March 14, 2012

Title pretty much says it all. Longkloof Limited sent a bear hug to the board of New Frontier Media, Inc. (NasdaqGS: NOOF). New Frontier describes itself as a provider of transactional television services and a distributor of general motion picture entertainment. Our Transactional TV segment distributes adult content to cable and satellite providers who then distribute […]

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