Blaming BigLaw Accounting A Tough Path For Dewey Execs
Law360, New York (May 8, 2015, 8:07 PM EDT) -- With former Dewey & LeBoeuf LLP leaders set to argue in an upcoming criminal trial that they stayed within the rules of firm bookkeeping while weathering a financial storm, finance experts said the defense will have a hard time showing Dewey did anything other than cook the books.
Amid allegations of long-term numbers games and expert testimony on both sides about how BigLaw keeps its books, the trial is expected to explore how creativity within cash-basis accounting can breach basic bookkeeping practices.
"This was Dewey doing things their own way," said Madhav Srinivasan, chief financial officer at Hunton & Williams LLP....
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