Dewey Downfall Could Rekindle Nonlawyer Investment Debate

Law360, New York (March 13, 2014, 7:50 PM EDT) -- The Dewey & LeBeouf LLP meltdown has the potential to reignite long-standing questions about whether the investing public should be able to take stakes in the U.S. legal industry, with some experts arguing disclosure tied to public investment could blunt corruption like that alleged to have sunk the firm and landed its principals in handcuffs.

Lawyers weighed in on nonlawyer investment Thursday, a week after three former Dewey executives — Chairman Steven Davis, Executive Director Stephen DiCarmine and Chief Financial Officer Joel Sanders — were indicted...
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