Headlines in the legal press have been dominated recently by high-profile prosecutions of lawyers in New York. Most notably of late, Cyrus Vance and his team at the Manhattan District Attorney’s Office have been prosecuting former leaders of the Dewey & LeBoeuf LLP law firm for allegedly defrauding insurance companies and financial institutions out of hundreds of millions of dollars. With pre-trial motions to dismiss the Dewey indictment denied, the Dewey case has been cleared for trial in 2015.
These criminal cases have had a profound impact on everyone they have touched, most immediately the lawyers who have been convicted and, with greater frequency, incarcerated, and the victims of their criminal conduct. These cases have also affected the attorneys’ former clients, their former law partners, and their malpractice insurance carriers, who have frequently shouldered much of the economic fallout from these prosecutions, convictions, and related civil litigation.
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