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Ex-Dewey Chair Says Charges Brought 'Waves Of Despair'

Law360 (May 15, 2019, 10:52 PM EDT) -- Steven Davis, the former chairman of Dewey & LeBoeuf LLP,  spoke publicly Wednesday for the first time about his prosecution, urging an audience of defense lawyers to be there for their clients as they navigate "waves of despair."

The Manhattan district attorney charged Davis in 2014 alongside other Dewey executives with rigging the books to mislead lenders and investors before the megafirm's collapse. In the 3 1/2 years after the firm went under in 2012, Davis was investigated, charged, tried, partially acquitted, and ultimately given a deferred prosecution agreement.

He recounted the experience of being a defendant at the New York...

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