Dewey Calls $150M Bond Issue A Success

Law360 (April 16, 2010, 6:13 PM EDT) -- New York-based Dewey & LeBoeuf LLP, taking advantage of what it characterized Friday as a rare bond market featuring both eager buyers and favorable rates, has succeeded in refinancing its debt via a $150 million bond issue managed by JPMorgan Chase & Co.

Firm partner Richard Shutran, who co-chairs Dewey's corporate department, said Friday that the bond issue was a hit among unnamed insurance sector investors who snapped up the debt. The bonds came in the form of 3-, 5-, 7- and 10-year maturities, he said.

Law firm bond issues are typically private and therefore not always reported on. The frequency...

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