Coudert Ruling Spells Trouble For Firms With Dewey Gains

Law360, New York (May 25, 2012, 8:44 PM EDT) -- Firms picking up Dewey & LeBoeuf LLP partners should watch their step in light of a New York federal court ruling finding that profits former Coudert Brothers LLP partners made on continuing business belonged to the defunct law firm, experts warned Friday.

Experts said law firms everywhere should be taking a second look at how their partnership agreements deal with unfinished business — especially those with recent Dewey defections — after a judge on Thursday gave Coudert an opening to recoup money from former partners and...
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