Fat guarantees helped weaken Dewey & LeBoeuf

In its race to become one of the world's biggest law firms, Dewey & LeBoeuf doled out rich compensation guarantees to attract and keep top-shelf legal talent. Now, as the firm bleeds partners and clients ...

US law firm Dewey & LeBoeuf has filed for bankruptcy after a partner exodus, in what the New York Times called the biggest law firm collapse in US history."Unlike most other Chapter 11 cases, this filing does not anticipate a return to business but rather a managed wind-down of affairs, followed by liquidation," the firm said in a statement late Monday."The needs of all of the firm's law clients continue to be served, mainly by former Dewey & LeBoeuf law partners who have moved on to other firms in recent months," it said.

(Reuters) - More top rainmakers at law firm Dewey & LeBoeuf decamped for ne

Amid complaints the industry is failing, a small boutique litigation firm in Houston is upping the ante. Ahmad Zavitsanos, Anaipakos, Alavi & Mensing P.C. announced this month it's raised the starting salary of first-year associates as well as guaranteeing them a bonus. From the press release:

(Reuters) - As law fir

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NEW YORK (Reuters) - Law firm Dewey & LeBoeuf notified attorneys and st