Dewey Defectors, New Firms Could Become Clawback Targets

Law360, New York (April 16, 2012, 9:51 PM EDT) -- As financial clouds darken over Dewey & LeBoeuf LLP, competing law firms that have snapped up defecting partners could face lawsuits seeking to reclaim lost profits if struggling Dewey tips into insolvency, legal experts say.

The so-called unfinished business doctrine generally allows bankruptcy trustees to sue former partners and their new firms for money generated by work the lawyers started at their old firms and took with them.

On Monday, that group got bigger, with nine Dewey partners in London, New York and the Middle East...
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