Law360, New York (May 04, 2012, 8:25 PM ET) -- An internal memo Dewey & LeBoeuf LLP issued to partners Monday allegedly encouraging attorneys to search for alternate employment may cause problems for the faltering firm if it eventually enters bankruptcy, experts said Friday.
Legal industry experts and former partners were torn over whether Monday’s memo from the firm’s Office of the Chairman released partners from fiduciary duty, but all agreed the decision could lead to problems for the firm later.
For a lawyer, fiduciary duty specifies that the attorney must act with loyalty and honesty,...
Dewey Memo Could Ease Liability For Fleeing Partners: Experts
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