Faced with a spate of high-level departures, questions about its fiscal health and a wave of negative publicity, Dewey & LeBoeuf’s leadership team told partners that, pending their approval, the firm will replace its governance structure with a five-member “office of the chairman” and London partner Stephen Horvath will take control of day-to-day operations.
In an email to partners last week, Dewey said the firm’s executive committee, joined by more than 30 other senior partners, reached an “overwhelming consensus” to change the firm’s governance at a meeting earlier in the day.
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