Dewey Tries To Assuage Partners' Financial Worries

Law360, New York (March 21, 2012, 10:38 PM EDT) -- Dewey & LeBoeuf LLP management on Wednesday tried to reassure its partners about the financial health of the firm, which has seen a steady stream of partner departures since it reportedly began struggling to meet obligations to partners.

At a partners' meeting Wednesday, Dewey chairman Steven H. Davis said that while 2011 was a profitable year that yielded increased revenues, the firm didn't meet internal profit projections, according to a statement from the firm.

This year has started very strong and is expected to be the...
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