What had been a steady exodus at Dewey & LeBoeuf turned into an avalanche this past week, bringing the total number of departed partners to more than 180. Silicon Valley M&A star Richard Climan is taking his team to Weil; IP litigator Henry Bunsow and his group will form a boutique as they assess options. Most of the firm’s staff and associates have been laid off or will be in the next couple of days.
But with the show clearly over, why hasn’t the curtain come down? There’s been no call for a dissolution vote, and the firm’s management hasn’t publicly laid out how or if it will attempt to avoid bankruptcy.
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